Top 5 New Loan Apps In Nigeria 2022 [DOWNLOAD]
Loan Apps

Top 5 New Loan Apps In Nigeria 2022

Today, We present a list of the top 5 new loan apps in Nigeria for 2022, which we classify as the most promising new lending platforms so far in the new year.

Top 5 New Loan Apps In Nigeria 2022

We recognize that new loan apps are built and hosted on both the Google Play Store and the App Store on a daily basis, and there is always the possibility of testing their effectiveness, reputation, and honesty. Your test has been streamlined, and the selecting process has been made simple.

We are also aware that many people, whether salaried or business owners, face emergencies on a daily basis, and we understand your desire for quick and instant loans from rising new loan applications in Nigeria.

Best New Loan Apps In Nigeria 2022

Let us now look at the top new loan apps in Nigeria for the year 2022. In order to keep up with the loan app sector, we conducted thorough research and compiled a list of the top 5 new loan applications in Nigeria by 2022. The following is a list of the items on the list:

  • Fair Loans
  • Express Loans
  • EasyNaira
  • Fair Credit
  • FlashNaira

Let us now take a closer look at each of these new loan apps in Nigeria, one by one.


1. Fair Loans

Fair Loans is not the same as the well-known FairMoney Loan App that we are all familiar with. Fair Loans is our first recommendation for a new lending app in Nigeria for 2022.

Whatever your demands are, applying for a small cash loan from N5000 to N30,000 is simple with Fair Loans.

According to the new lending app, Its platform distributes loans as swiftly as possible that are simple, quick, and convenient. It goes on to say that the application procedure is straightforward and painless, and that there is no paperwork involved!

Get a loan in three simple steps.

1. Register for an account.

2. Double-check your identification information

3. Submit your loan application

Other things to note:

1. The loan amount is between 5,000 and 30,000 pesos.

2. Loan Term: 90 days to 365 days (3 months to 12 months)

3. Loan Interest Rates: Flexible loan rates with a maximum APR of 24 percent per year are available.

4. There is no transaction cost.

With a maximum APR of 24 percent per year, the minimum payback period is 65 days and the maximum repayment period is 120 days. There are no hidden transaction costs, according to Fair Loans. This makes it simple to understand exactly what you’re agreeing to.

Why Choose Fair Loans

Fair Loans is fantastic for the following reasons:

1. Instant access to loans delivered directly to your phone.

2. You can take out multiple loans at once, as long as you stay under your borrowing limit.

3. No matter where you are, you must be able to deal with emergencies.

4. Your information is kept private and is not shared with anyone else.

5. The market’s lowest interest rate.

6. It’s simple to use.

Example 1: If the principal amount is PHP 5,000 and the interest rate is 24%, the entire amount will be paid before the term ends: 5.000 * 24% + 5.000 = 6.200.

Fair Loans Data Privacy Policy

We value your privacy and will never share your personal information with anybody unless you give us explicit permission. We will ask for permission to use your phone’s data, such as SMS history and other information, when you download the App. This data will be used solely to verify your identification and generate a credit score.


Cemes Mobile can be reached at

CLICK HERE to get Fair Loans from the Google Play Store.


2. Express Loans

Applying for and receiving approval for an Express Loan may just take a few minutes. The cash advance application process is quick and easy to complete – just submit your national identification card and follow the on-screen instructions. Money can be transferred to the bank account immediately after the application is approved. It comes in second place on our list of the best new loan apps in Nigeria for 2022.

Express Loan: Everyone’s Favorite and New Personal Loan App

Express Loans allows customers to get immediate loans even if they don’t have a bank account or a credit card. Express Loans conducts comprehensive credit checks and risk management while providing people with an easy money lending user journey, thanks to AI technologies and cloud computing.

The Benefits and Features of Express Loans

There are no hidden costs.

The annual interest rate is 34.0 percent.

Fees for processing: 4.9 percent. The charges will be deducted from your credit balance.

We will require payback within 90 to 180 days of receiving the loan.

For example, if a user borrows KSH 1500 with a three-month repayment period, the interest is KSH 121.5 and the processing charge is KSH 73.5. The total amount due is KSH 1621.5, and you will receive KSH 1426.5.

In 5 easy steps, you can get a quick loan:

Get our Express Loans app for FREE right now on google playstore!

The application process for advance loans is simple and quick. Apply for money loans based on how much you require.

Provide basic information as well as bank account information.

Obtain approval by submitting an application.

Within three working days, the authorized amount will be credited to your account.

Contact Information for Express Loans

Please drop us an email if you have any issues when using the Express Loans app. Please contact us by email at if you have any additional queries.

CLICK HERE to download Express Loans from the Google Play Store.

3. EasyNaira

EasyNaira is a mobile-based personal loan platform for Nigerians. It’s worth a go, and we eagerly await your assessment and feedback. It comes in third place on our list of the best new loan apps for 2022.

EasyNaira claims to be able to mee

We can respond to consumers’ demands 24 hours a day, 7 days a week, and totally online. The application process is simple and requires little documentation, and the accepted loan amount will be deposited to your applicant’s bank account right away.

Loan Options:

The loan length varies from 91 days to 365 days.

The loan amount ranges between NGN 30,000 to NGN 300,000.

Interest rates range from 2.4 percent to 12 percent, with an equal monthly interest rate of 0.4 percent to 2 percent and an annual percentage rate (APR) of 4.8 percent to 24 percent.

Steps to Apply for EasyNaira loan:

1.Enter your phone number in the registration form.

2.Fill up and submit the form

3. Obtain credit

4.Create a bank account

5.Obtain funds

Please get in touch with us.

For additional information, content, or recommendations, please contact:

– Send an email to

– Address: Federal Ministry of Industry.Old Federal Secretariat.Area 1.Garki.Abuja.FCT.Nigeria.Department of Trade.Room 309

Download EasyNaira from the Google Play Store.

4. Fair Credit

In our list of the best new loan apps in Nigeria 2022, Fair Credit is a top pick. Its loan amounts range from $1,500 to $1,000,000, with repayment terms ranging from 95 to 18 months and monthly interest rates ranging from 2.5 to 30%. (APRs from 28 percent to 32 percent )

Characteristics and Features of a Fair Credit Loan

Amounts ranging from $1,500 to $1,000,000 are available.

Periods of repayment range from 95 days to 18 months.

APR increased from 26% to 32% each year.

For early repayments, interest savings of up to 90% are available.

There are no hidden costs.

An illustration of a Fair Credit Loan loan

Over the course of three months, borrow $100,000.

30,000 in interest (total loan cost) (30 percent rate)

a total of 43,333 in three monthly installments

The total sum due is $130,000.

APR of 32 percent is representative.

The app is now more than just a loan application. Fair Credit is owned by a Microfinance bank that has been properly approved by the Nigerian Central Bank. As a result, the Nigeria Deposit Insurance Corporation insures all of your deposits (NDIC).

Features of Fair Credit Loan App

1. You can apply for a loan based on your credit score. There are no deposits or guarantees required.

2. Amounts of up to NGN500,000 are available. Make a deposit into your bank account.

3. Use your smartphone to complete the process in a paperless and digital manner. All of the steps can be completed entirely online.

4. We do not disclose your information with anyone else without your permission. With us, your information is completely secure.

5.Don’t be concerned about forgetting to pay. We’ll send you texts as a reminder. 1. You must be a Nigerian resident.

2. Between the ages of 20 and 55.

3. A monthly revenue source.

CLICK HERE to download FairCredit from the Google Play Store.

5. FlashNaira

FlashNaira is a digital lending platform that ranks fifth on our list of the best new loan apps in Nigeria.

The Loan Platform promises to give Nigerian mobile users with convenient lending services, claiming that consumers would be able to obtain eligible loan products through a 100% online process.

Features of the FlashNaira Loan App (Products)

1.Loans of a Large Amount: NGN 2,000 to NGN 100,000

2.Long-term loan: 91 days to 365 days

3.With an innovative online approach, you can get a loan 24 hours a day, seven days a week.

4.There is no requirement for a credit history

Who is Eligible to Apply for FlashNaira Loan?

1.18 years and up

2.Having a steady source of revenue

FlashNaira Loan Interest, Penalty Penalty, Interest

1.The Annual Percentage Rate (APR) ranges from 10% to 25%.

2.There are no membership costs. There are no origination fees. There is no charge for a rollover. There are no transaction fees.

3.Only when someone misses a payment deadline is a penalty assessed.


1.Go to the Google Play Store and download the FlashNaira app.

2.Use your phone number to create an account.

3.Fill in the blanks with basic information.

4.The final outcome of the loan application will be displayed in the APP after it has been submitted.

5.If the loan is granted, the funds will be deposited directly into your bank account.

FlashNaira’s Loan Data Privacy Policy

The loan application process is completely secure. FlashNaira guarantees that customer information will never be shared without their permission.

Please contact us at the following address: is the email address for customer service.

Adeola Odeku VI, Lagos, Nigeria, 30 Adeola Odeku VI, Lagos, Nigeria, Nigeria, Nigeria, Nigeria, Nigeria,

CLICK HERE to download FlashNaira from the Google Play Store.

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Ekemini Ekpo

Loan money apps is a platform/blog that seeks to inform and educate people on various day-to-day technological activities. Vist our Quora Space to learn more

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