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Borrow Up To N120K Instantly With These Loan Apps

We all have that one time in our lives that we would need money urgently maybe for some personal use or for some other things that come and needs some funds to pull through and getting a quick loan might be the fastest way.

Starting a business, funding an idea, and even getting money to handle urgent matters are not always easy. Sometimes we do want to find the quickest ways to get the fund needed and that when you need to get a loan. This article is about the best loan apps you can use in Nigeria.

These apps are one of the most trusted in the country when it comes to getting quick loans and not just the loans their services and a customer representative and even their platforms are trustworthy.

Thinking about borrowing money from a friend might really seem to be the best option sometimes but remember we all live in a time where everything is not that easy. That is when getting quick loans comes in.

Smartphones and websites are one of the most used things in this world if the internet, air, and electricity are included in the most used things in the whole wide world. This is why we can put our smartphones to good use.

Do you want to know about the best loan apps in Nigeria 2023 that can save you or help you in urgent times of need to get quick loans? Read through this post from top to the end and after that, you can select one out of all of them.

Here are the top loan apps I can guarantee they’ll loan you up to 120,000 Naira in Nigeria.


No way we will talk about best instant or new loan apps in Nigeria that we will ignore Paylater Now known as Carbon. This is the first on the list of best instant loan apps in Nigeria to borrow quick money for either personal or business needs. Carbon is somehow the number one choice and most popular for most people to borrow money online.

The platform borrows money from anyone either you working or not, Student or monthly salary earner even if you are an entrepreneur carbon is there for you when needed and getting money is fast. They make access to credit easy. No need for guarantors, No need for collateral for you to use carbon. It is so easy that you can apply for a loan 24/7 and receive funds into your account within minutes.

One thing about Carbon is that you have to start from a point and as you repay your loans on time the more chance you have to get higher loans from the platform and it is always stress-free.

The carbon (PayLater) is the best loan app in Nigeria on iPhone and Android as it even gives you the chance to manage your credits right from the app so all your dealing is with the app. And as a techie, I can tell you that the app is well designed and programmed.

Not only that you can get loans from Carbon (PayLater) app, you can also use the app to make payments like to recharge any network in Nigeria and also Pay bills for your services, and also transfer money.

You can get the carbon app from the play store or visit their official website to know more about Carbon (PayLater).

Apply For Loan On Carbon


The next one among all of the best loan apps in Nigeria is Palmcredit. With Palmcredit you can get a loan for as low as N2,000 and as high as N100,000 straight from the app.

On Palmcredit getting quick online loans is also very easy and quick. With just a few steps then you have everything in your control to get the loan you want.

Its loans range from 91 to 180 days. The interest rate ranges between 14% and 24%. This implies that if you request a N100,000 loan for six months, your total payback amount will be N124,000.

Also, Plamcredit gives reward offers for referring people to Palmcredit.


Another dope loan merchant in Nigeria is ‘Migo’. Apparently, they don’t borrow you up to 100k at first, you’ll need to build trust with them, borrowing and returning on time, then at the time, they’ll increase your limit.

Migo doesn’t have an application, they’re based on a website and the experience has always been smooth!

Apply For Loan On MIGO.NG


This is one of the best loan apps for students in Nigeria. Using your registered account, you may get a loan in minutes, buy airtime, and pay bills.

To begin, just register with the phone number associated with your BVN (an OTP will be sent to the registered number for verification).

You must include your contact information, as with any other loan application. Within minutes, cash will be deposited into your account.

Fairmoney is secure and reliable, and they make getting loans and paying bills fast and easy.

As a student, you can also earn extra cash when you join their referral program.

You may apply for loans online for as much as ₦150,000 with FairMoney, and you don’t need any documentation, no collateral, and it’s completely stress-free to use the FairMoney Loan App to acquire loans.

FairMoney also allows you to stretch your repayments across numerous instalments, giving you more flexibility and making the software and services easier to use.


The Branch loan platform is also one of the top loan applications for students in Nigeria, and the best news about it is that it doesn’t just operate in Nigeria; it also has operations in Kenya, Mexico, and India. This means that a trusted worldwide

The Branch makes it simple for you to obtain loans for your needs at any time and from any location.

Sign up in seconds, apply for a loan, and get your money deposited directly into your bank account. It’s a quick, easy, and dependable method to get cash amounts, even in emergency situations.

As a student, you may borrow loans as low as ₦1000 and as much as ₦200,000 via the Branch loan app.


Quickcheck’s mission is to provide financial services to help people and businesses achieve their goals. However, as a first-time customer, you can obtain a loan of $10,000 for a period of 30 days.

With the QuickCheck app on your phone, you may acquire immediate loans directly into your bank account at any time of day or night. This is one of the top loan applications in Nigeria since their method of obtaining money is excellent.

You can obtain rapid cash loans with interest rates in the single digits at any time and from any location.

This loan software enables Nigerian students to obtain instant online loans without the need for collateral, and it works flawlessly.


Alat by Wema provides you with access to rapid loans without the need for documentation or a visit to a bank.

Despite the fact that it is owned and managed by Wema bank, you can borrow up to ₦2,000,000 subject to specific restrictions and limitations.

– OKASH (OPay)

Recall the widely known Opay app, where you could do transactions, purchase airtime, pay bills, and lots more all at the same time?

Okash is an Opay subsidiary that was formerly featured in the Opay app.

Okash is now an independent loan application in Nigeria, which means you can get the software from the Playstore (Android), the App Store (iOS), Fill out all of the required information to utilize the app and have access to fast loans.

Okash gives you access to loan sums of up to ₦50,000 with no collateral, while the maximum loan amount varies. They offer flexible payback plans ranging from 91 days to 365 days.