quick loan app in nigeria

Top 7 Quick loan Apps in Nigeria

(Last Updated On: January 7, 2019)




With the increase in internet penetration and use of mobile devices in Nigeria, more entrepreneurs in Fintech industry and banks have explored ways to reach a wider audience by leveraging on mobile apps.

As promised in our last post where we listed top online lending platforms in Nigeria, we have come up with a list of platforms where you can get a loan without collateral online using mobile apps.

In this post we will review 7 Quick loan apps in Nigeria, stating their features which will guide you and give you options on which one to choose from when you are in dare need of a quick loan without collateral.

Quick Loan Apps in Nigeria

Quickcheck Loan App 

 Whether it is medical bills, school fees, payday advance or unexpected cash problems, QuickCheck has got your back when it comes to getting quick loans in Nigeria.


quickcheck loan app


With Quickcheck app you can borrow up to 30,000 naira anytime, anywhere, with no hidden charges and pay interest at 1% daily for the number of days you will be holding the loan (30 days maximum)

Click here to download Quickcheck Loan App 

quickcheck loan logo(Please note that there are other quickcheck loans apps which are not for Nigerians so what out for this logo)

The app also allows you to purchase airtime seamlessly for yourself and your loved ones .

Find out more at www.quickcheck.ng



Paylater Loan App

The latest Paylater app   offers more than just loans. It also gives you the privilege of investing money which yields an interest of up to 15.5% annually by investing in PayVest, send cash to friends and family, recharge airtime on your mobile phone and pay for utility bills such as GoTV, DSTV, LCC, or Bet9ja right in the app.


paylater loan app


You can also set up transactions to occur at a future date.

Paylater is fast, secure, reliable and works 24/7 and is currently available in Nigeria and Ghana.

In all you can get quick loans of up to ₦1million within 5 minutes without documents or collateral on paylater app and repay over a period of 15 days to 6 months.

Click here to download Paylater Loan App on google play store

Visit their  websites: www.paylater.ng (Nigeria) and www.paylater.com.gh (Ghana) for more details.


Aella Credit Loan App

Aella Credit first launched the loan platform for employees of companies in their network to access cash at the most competitive rates anywhere, but have updated the app to include individuals who may seek quick loans for meet their emergency needs

aella credit loan app


Download Aella credit Loan App


Branch Loans App

The Branch app lets you apply for credit on the go, and it works 24/7 without collateral.

You can complete our application in seconds and receive your loan straight to your account. It’s fast, convenient and reliable.

Presently branch loan app is available in Kenya, Tanzania, and Nigeria.


branch loan app


Download and Apply for Loan on Branch App

In Nigeria, the initial amount of loan allowed to be borrowed is 6,000 Naira with an interest of 1,200 Naira in 30 days

The payment option could also spread out to 4 weekly payments (1,800 Naira per week).

Visit their website: branch.com.ng


FairMoney Loan App

FairMoney Is one of the latest quick Loan App In Nigeria.

Fairmoney loan app provides quick cash for Personal finance, Health emergency, Car repairs, Rent payment and for Buying consumer durable goods.

The instant loans like other quick loan apps are not backed by collateral, but instead by your creditworthiness.


fairmoney loan nigeria


Request for a Quick Loan to get an instant decision and funds transferred to your bank account in 5 Minutes.

FairMoney also provides education loan with the aim of enabling students to reach their goals in life.

Business loan is also available for small business owners who plan to start up a business or to develop an existing business.

Explore their small business online loan options to finance your business needs, the fund is transferred to your bank account in 5 Minutes.

Visit their website: fairmoney.com.ng


ALAT Loan App by Wema Bank

On ALAT, though it is designed to function as a digital bank, you can now apply for a loan without a paperwork, no visitation to any physical location and response time between acceptance of offer and loan disbursement is in minutes.

You can borrow as much as N200,000 (Two hundred thousand naira) without any collateral.

As a digital bank, you can open an account, Schedule transfers, save and pay bills automatically, get your bank card delivered to you anywhere in Nigeria and get up to 10% interest on your savings.

alat by wemabank


If you’re tired of regular old banks and you want to take control of your money, ALAT is for you.

Visit  https://alat.ng/ for more information


Palmcredit Loan App

It is one of the latest apps in Nigeria that provides fast loan without collateral.

With PalmCredit getting a mobile loan is simple.

You can apply for your credit limit in minutes, then take as many instant loans as you need without further approval steps. It’s a credit revolution!

As soon as you repay, your credit score is updated. Repay on time and watch your limit grow to N100,000.

Palmcredit makes it easy for people to access a loan, anytime, anywhere.

palm credit loan app

Currently Palmcredit is owned by Transsnet Financial and operates in Nigeria and plans to expand to other countries in Africa.

In the first phase of the product, users can apply for a short-tenor cash loan of 7 days/14 days using their own credit limit, which can be used for cash withdrawal or recharge.


With the above review, you can make a choice of which quick loan app you will patronize.

Have you used any of these apps, kindly share your thoughts in the comment box.


  1. Daemon Wilson Harry

    Thanks for the list i think paylater is good cox have use them like about 3 times

    1. admin

      You are welcome. I am happy that you found it quite useful.

      You can also refer your friends to the article to help them evaluate the options available whenever they need to pick up a short-term loan.

  2. Really nice information you had provided here. And i wanna appreciate within this. Thank you for providing this information and please keep update

    1. Moses Adeola

      Thank you very much for this information, it is very useful.

    2. Busola

      I was trying palmcredit but was notified tht I was denied the loan bcus hv applied many times..when HV not even finished reg, how is that possible?. Or am I the one getting it wrong

  3. Vius Okechukwu

    I have tried paylater, palmcredit, fairmoney, branch, Aella, these five (5) are very good as far as you are paying back they are good to go. I love them. I am by name Vius Okechukwu. Is good to say the truth.

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  6. Stephen

    I need this loan but what are the conditions and terms of payment

  7. Sam

    I’m using an Android tab. Which app could I download? There all say not compatible with my device!

  8. dada olaoluwa emmanuel

    i need loan from your company what are the condition and requirement

  9. Wisdom

    I really need loan from ur company, but do not have an android phone. So how do i download d app on my laptop??

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