15 Quick Cash Loan Apps In Nigeria June 2022 [UPDATED]
Loan Apps

15 Quick Cash Loan Apps In Nigeria June 2022 [UPDATED]

These 15 quick cash loan apps In Nigeria are all you need to know if you are in need of funds urgently. Below are Nigeria’s top ten online lending apps and sites for quick and easy commercial or personal loans.

15 Quick Cash Loan Apps In Nigeria

Many individuals and business owners may require more funds to deal with financial challenges that arise in their lives. When all other options for obtaining funds have been tried, the best option is to consider obtaining a quick and reasonably accessible loan online.

For anyone seeking a little amount of money for a short period of time, the procedure of obtaining quick loans in Nigerian banks is time-consuming and inconvenient.

Online lending entrepreneurs are making it simple for businesses and people in Nigeria to get rapid loans when they need them thanks to the Fintech revolution. The best 15 quick cash loan apps In Nigeria are listed below.

15 Quick Cash Loan Apps In Nigeria

Our Loan Money Apps Review website for loan apps and financial tips brings you the top list of carefully elected 15 quick cash loan apps In Nigeria that is guaranteed for instant borrowing and processing, some in minutes as low as 5 minutes, some in a few hours, and cash disbursement is done straight to your bank account once you qualify. Loan Money Apps is the number one review website for loan apps in Nigeria and digital banks globally.

Individuals (whether working or jobless, students or job seekers), as well as enterprises (whether registered or not registered), who are residents of Nigeria and meet the conditions for the financing opportunity are eligible for consideration.

We strongly advise you to submit your request for a quick cash loan to only one of the 15 reputable and highly recommended loan apps listed below in Nigeria, and to avoid using any of the many other loan apps in the country at all costs; these other loan apps may threaten and blackmail you even before the time comes for you to make your repayment.

The following is a list of 15 quick cash loan apps In Nigeria, compiled by Loan Money Apps, that are available in Nigeria to individuals falling into a variety of different categories as well as to small and medium-sized businesses: Please take note that this stringent grade may be open to revision at some point in the future.

  1. Branch
  2. Carbon
  3. Aella Credit
  4. QuickCredit
  5. Okash
  6. FairMoney
  7. Page Financials
  8. Renmoney
  9. Umba
  10. Money in Minutes
  11. QuickCheck
  12. Migo
  13. MoneyPal (Zedvance)
  14. C24 Capital
  15. Alat by Wema


1. Branch

Branch Lending App is the first of our quick cash loan apps, and it allows people in Nigeria and a few other countries to acquire an urgent and emergency loan of up to 500,000 dollars, transfer money for free, and earn 20% annual investment returns.

Branch has offices in Nairobi, Kenya; Lagos, Nigeria; Mumbai, India; and San Francisco, California; however, it only works in India, Kenya, Tanzania, and Nigeria at the time.

Branch does not currently offer customer service over the phone or in person. Customers are encouraged to send them messages via the app at any moment, and they guarantee to assist them in resolving any issues they may have.


Branch tailored their loan process to meet your demands and assist you in expanding your business. As your credit with Branch improves, you’ll be able to take out greater loans.

This rapid cash loan platform, unlike other lenders, does not require you to jump through hoops or complete out documentation. Simply use the Branch app to apply, and you’ll be accepted in less than 24 hours.

Branch does not charge late fees or rollover fees, nor do they limit how you spend your money, and its customer service team is available 24 hours a day, 7 days a week.

What is required to receive a Branch loan?

The application process is straightforward; all you need is your phone number or Facebook account, as well as your bank verification number (BVN) and bank account number. They’ll also want for access to your phone’s data in order to establish your credit score.

To download the app from Google Play Store and apply for loan, CLICK HERE.

2. Carbon

Carbon, formerly known as Paylater, comes in second place on our list of Nigeria’s top lending platforms for rapid cash loan apps that provide borrowers with cash immediately after approval. They have offices in Nigeria, South Africa, the United Kingdom, Ghana, and Portugal, with over 40 people.

Carbon does not require collateral or guarantors for quick cash loans. You may not be able to access large sums of money on your first try; however, if you borrow little amounts and pay them back on time, you will be able to access larger sums.
The loan platform is available 24 hours a day, 7 days a week. You can apply for a loan on weekends and holidays and receive a speedy response.

Document Requirements To Access Quick Cash Loan From Carbon

  1. Download and use the Carbon app if you want to use Carbon
  2. You will be asked to submit your name, phone number, and other personal information.
  3. A picture of you that you may have to take with your phone in real time using the app.
  4. Authentication Code (BVN)
  5. Details of a financial institution’s account
  6. ATM card you’ll use to repay the debt. Aside from that, you’ll have to provide a lot of information on the card. Once the card is authenticated, you will be charged a fee of between N50 and N100.
  7. You may be asked for a government-issued ID at any point.




3. Aella Credit

Aella Credit comes in third on our list of the best digital lending apps in Nigeria for rapid cash loans. It should be simple to borrow money with this software, whether for yourself or for your business. It shouldn’t be tough to secure a rapid cash loan to invest, expand your productive capacity, pay debts, or grow your working capital. All of this is available at the touch of a button with Aella.

“You deserve basic, uncomplicated things that truly function,” Aella says, adding that they make borrowing, investing, paying bills, and insuring one’s health “very simple.”

How Aella Loan Works

  1. From the Google Play Store or the Apple App Store, get the Aella Credit app.
  2. Create an account in less than a minute by filling out your information and submitting it for a quick evaluation.
  3. Fill in the blanks on your profile with responses to simple questions about yourself.
  4. To see the amount of money you are entitled to borrow in seconds, click the “Check Eligibility” button.
    Request a loan

Money will be deposited into your bank account.

In 5 minutes or less, loans will be issued to your bank account. Borrowed cash can be reimbursed using the App or to your own bank account. Improve your credit score to be eligible for larger loans.

You can download Aella app on Google Play Store by clicking here.

You can download Aella app on App Store by clicking here.

4. Quick Credit

Quick Credit is ranked number four on our list of the best lending apps in Nigeria for quick cash loans since it aims to simplify loan processing and need little or no documentation for borrowers and mobile users. Users can apply for approved loan products through an entirely online process. The loan money will be transferred to the applicant’s bank account as soon as it is approved. There is no requirement for collateral, documentation, or a guarantee.

Quick Credit loan Features

1.Tenure ranges from 91 to 365 days.
2.Loan Amounts: ranging from NGN 1,500 to NGN 50,000.
3.There is a maximum Annual Percentage Rate (APR) of 36%.
4.Origination fee: varies between 1% and 9%.

How to APPLY

1. Go to the Google Play Store and download the Quick Credit 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.

You can download Quick Credit app on Google Play Store by clicking here.

To download the app on Apple Store for iOS devices, CLICK HERE.

5. OKash

Okash is ranked fifth on our list of the best digital lending applications in Nigeria for getting a rapid cash loan credit anywhere in the country.

Blue Ridge Microfinance Bank Limited manages a convenient emergency online loan facility for Nigerian mobile consumers.

OKash satisfies consumers’ financial needs entirely online, 24 hours a day, seven days a week. The loan amount is deposited to the applicant’s bank account when the application process is completed in a few steps with little documentation.

The loan term varies from 91 to 365 days, with loan amounts ranging from NGN 3,000 to NGN 500,000. Interest rates range from 0.1 percent to one percent.

On a daily basis, they determine their interest rate. Interest rates range from 36.5 percent to 360 percent per year. One-time charges for origination fees range from NGN 1,229 to NGN 6,000.

How the OKash App works?

1. Download and install the OKash APP from the Google Play Store.

2. Create a user account.

3. Choose the product for which you want to apply.

4. Fill out the application’s essential information and submit it.

5. You may receive a call for verification after submitting your application. The final application result will be displayed in the APP, and you will be notified through SMS if your application is approved.

6. After the loan has been approved, you must e-sign the loan agreement.

7. The authorized loan amount will be deposited into your account shortly after the E-sign, and you will receive an SMS message.


1. You must be a Nigerian resident.
2. Between the ages of 20 and 55.
3. A monthly revenue source.


(+234)08097755512,08097755514; Customer Service Hotline: (+234)08097755512,08097755514; Customer Service Hotline: (+234)0809
Japaul House, Plot 8 Dr. Nurudeen Olowopopo Way, Central Business District, Ikeja, Lagos, Nigeria, Room 301

You can download the Okash app on Google Play Store by clicking here

6. FairMoney

FairMoney is ranked 6th on our list of the best digital platforms in Nigeria for quick cash loans, simple lending procedures, and good customer support.

The loan amounts range from $1,500 to $1,000,000, with repayment durations ranging from 61 to 18 months and monthly interest rates ranging from 2.5 to 30%. (APRs from 30 percent to 260 percent )

Characteristics of FairMoney Loans

Amounts ranging from $1,500 to $1,000,000 are available.
Periods of repayment range from 61 days to 18 months.
APR ranging from 30% to 260 percent every year
For early repayments, interest savings of up to 90% are available.
There are no hidden costs.

You can download the FairMoney app on Google Play Store by clicking here

To visit FairMoney website CLICK HERE.

7. Page Financials

Page Financials is ranked No. 7 on our list of the finest internet lenders in Nigeria for rapid cash loans. Whether you’re in desperate need of cash to pay bills, deal with an emergency, or seize an opportunity? Page Financials’ loan app and platform may be a viable option for you.

Do your bills appear to be piling up and payday seems so far away? Page Financials delivers a straightforward, secure, and quick loan program that will meet your needs. According to the organization, you can apply for a loan right now and receive funds in less than three hours.

The minimum loan amount is N100,000, with a maximum loan amount of N5, 000, 000 for new customers. Both are dependent on the borrower’s ability to repay, which is determined by verified income and other criteria. A loan of $3,500,000 was taken out for a period of 12 months. Interest Rate: 2.99 percent per month There are no further charges. 3–12 months is the minimum and maximum loan term.

To apply for a Page Financials quick loan, CLICK HERE


To Download and and apply through PAGE FINANCIALS APP ON APP STORE, CLICK HERE.

8. Renmoney

Renmoney is the eighth best lending app for a quick cash loan in Nigeria, and it is run by a group of technology and finance enthusiasts who are passionate about making financial inclusion a reality across the country.

Renmoney claims to be Nigeria’s most convenient rapid cash lending provider, with exceptional customer service. You can use this site to apply for a convenient loan to meet necessities like as expanding your small business, renovating your home, purchasing a new automobile, paying rent, school fees, and medical expenditures, among other things.

What is the Renmoney Loan App and How Does It Work?

Choose your loan amount and term, then tell us a little about yourself.

Double-check the information you’ve given.

Obtain a loan
If your loan is accepted, sign your documentation and receive funds in your bank account within 24 hours.

An illustration of this is:

A loan of $2,000,000 was taken out for a period of 12 months. Interest Rate: 2.9 percent per month The total amount due is $2,683,430. 34.17 percent APR There are no further charges.

Renmoney Quick Loan Application:

CLICK HERE to apply for a Renmoney Quick Loan.

Click here to get the Renmoney app from the Google Play Store.

9. Umba

On our list of Nigerian quick cash loan applications, Umba is ranked 9th. It’s available on both the Google Play Store and the Apple Store, and it bills itself as Africa’s leading digital bank. Users can apply for loans, take them out, and repay them all from their smartphone or desktop computer.

It makes lending decisions based on an assigned risk rating after an individual has been verified.

What do people do with Umba? Obtaining a Mobile Money Loan is only one example.
In a matter of seconds, you can apply for a mobile money loan. Mobile money will be sent to your M-Pesa account.


Make a user account.
In a matter of seconds, apply
Obtain an Umba Loan
When you repay a loan on time, your loan limit is increased.


1. Umba allows you to take charge of your finances. The Umba app allows you to apply for credit on the move and is available 24 hours a day, 7 days a week.

2. There is no need for documentation, collateral, or office visits.

3. You can send money directly from your Umba loan to your M-Pesa account, merchants, or utility providers.

4. There are no late fines or rollover fees.

5. As you repay, you’ll have access to larger loans, cheaper costs, and more flexible payment arrangements. Loans are rapidly authorized and disbursed.

Get credit to help you create the life you want for your business, your home, your family, and yourself.


Umba makes securing a personal loan simple by verifying your identification and calculating your credit score using data from your phone, including your SMS history. To protect your privacy, we encrypt the information you choose to share with us. We respect your privacy and pledge to never disclose your personal information with other parties.

You can download the Umba app on Google Play Store by clicking here

10. Money In Minutes

Money In Minutes is the tenth best quick cash loan app in Nigeria, and it is operated by MIM Finance Company, a UK-based lending platform with presence on three continents and Nigeria’s first credit membership that provides instant cash.

For over twenty (20) years, the organization code named MIM Finance Company has been allowing lives and enterprises through swift online loans and other relevant business help.

Money In Minutes has distributed over $10 billion in the last two decades and is in a position to assist individuals and businesses in growing. “Affordable and stress-free finance should not be reserved for the fortunate few, but for ambitious and hardworking citizens who can demonstrate their ability to repay,” the company says.

The platform offers a broad and diverse product portfolio to assist you in obtaining cheap financing for a variety of needs and objectives.


1. MIM offers short-term loans ranging from $25,000 to $2 million with interest rates ranging from 4% to 30%.

2. In a matter of minutes, you’ll have access to inexpensive financing.

3. There is something for everyone because to its versatility.

4. With its range of offerings, the platform is predicated on a solid credit profile.

5. Allows you to obtain quick and affordable financing to help you fund your business or meet a pressing demand.

To apply for a Money In Minutes Loan, CLICK HERE

11. QuickCheck

QuickCheck is ranked 11th in our ranking of the best quick cash loans in Nigeria for emergency funding. Machine learning is used by the platform to forecast borrower behavior and analyze loan applications in real time.

How to Get a Quick Cash Loan in Minutes from QuickCheck

Make a profile.
Sign up for an account and download the app for free.

If you qualify, your money will be transferred to your bank account in minutes.

How do I submit my application?

When you apply, your credit score will be promptly assessed, and machine learning will determine if you qualify.

On your Android device, all applications must be completed. You can start your application by going to the Google Playstore and installing the QuickCheck app. Sign in with your Facebook email address and password after downloading the app, and correctly fill out the blanks required.

Is it possible to apply for a loan using my computer or other devices?

Only Android smartphones can use the QuickCheck app. We will, however, tell the public if and when QuickCheck is released on other operating systems.

To apply for QuickCheck loan on Google Play Store, CLICK HERE.

To Visit Quick Check website, CLICK HERE

12. Migo

In our list of recognized and reliable quick cash loan platforms in Nigeria, Migo (previously kwikmoney) is ranked 12th. Migo is a Nigerian cloud-based digital lender that allows you to get an immediate loan and, if you like, make purchases or withdraw cash from merchants without the use of a smartphone, point-of-sale hardware, or physical cards.

The technology ensures that your online loan request is immediately deposited into your account (or the account of the merchant you are paying) as you complete your application session, resulting in quick loan processing.

Migo offers loans ranging from N500 to N500,000. The loan agency will normally begin with a small loan and gradually increase your loan offers as you borrow and repay on a consistent basis and gain trust in the system. To apply for a Migo loan, you don’t need any collateral, documents, or a guarantor. As you borrow and repay early, your loan offers will continue to grow at a consistent rate. It is never necessary to visit a Migo office or a bank in person.

The minimum loan amount is N10,000, and the maximum loan amount for a new customer is N50,000. There is no need for collateral or a guarantor. A variety of factors influence interest rates, including your repayment history and the cost of borrowing. Within 15 seconds, a loan decision is made, and if accepted, the applicant obtains funds within 5 minutes.

Migo Loan Interest Rates

Your interest rates, as well as the amount of your loan, are determined by your personal information and repayment history. With a good payback history, interest rates may drop while loan amounts rise, and vice versa.

The interest rate on a loan might range from 5% to 25%. The rate you’ll be charged is determined on your repayment history and the length of the loan. Interest rates aren’t set in stone, and you can save money by paying off your debts early. When you refer friends to take out a loan and return it, you can obtain lower interest rates. Depending on your credit history, you may only be eligible for a limited loan offer as a new borrower.

How to Apply for a Migo Quick Cash Loan

Your personal information is used to create custom loan offers for you. You can choose from a choice of options within your allocated credit limit on the lending platform. Currently. You’ll require Valid bank account information, payment card information, an Android phone, and a fully functional application.

Simply input your phone number on your loan dashboard to apply for a loan.

After you’ve decided on a loan amount, you’ll be asked to provide information about your bank account where the loan will be deposited. Finally, your debit card information will be saved so that you may make payments more easily.

Dial *561# for MTN, 9mobile, and Glo, or *554*561# for Airtel, to acquire a Migo loan. Select “Request Loan” from the drop-down menu to see a selection of your personalized loan offers.

To apply for a Migo loan, CLICK HERE

To get more information about Migo loan, CLICK HERE

13. MoneyPal (Zedvance)

MoneyPal, which is owned and operated by Zedvance Limited, is ranked 13th on our list of the best emergency cash lending applications in Nigeria.

Zedvance Limited is a consumer financing company that provides loan packages to meet all of your financial demands, no matter how complex they may be. According to the organization, a qualifying individual or small business can acquire a rapid loan of up to N5 million in as little as 5 hours. You may get a no-collateral Zedvance loan of up to N5 million using the MoneyPal app, and there are no hidden fees.

Customers can take out loans for up to 24 months at a 34.8 percent to 365 percent annual percentage rate (APR).

For example, if a consumer borrows NGN100,000 for six months, we will charge 2.9 percent each month at a 34.8 percent annual percentage rate. A processing fee of NGN1,900 (1.9 percent of the requested amount) will be charged, along with six monthly repayments of NGN 19,566.67. The total amount repaid is NGN 119,300.02.

Simply follow these steps to get started:

1. Install the app.

2. Select “Create Account” from the drop-down menu.

3. Include pertinent information (please register with the phone number linked to your BVN).

4. Fill out an application for the loan amount you want.

To apply for MoneyPal loan, by downloading the app on Google Play Store, CLICK HERE.

To Visit and apply through MoneyPal (Zedvance) website, CLICK HERE

14. C24 Capital

On our list of the Top 15 Quick Cash Loan Apps in Nigeria 2022, C24 Capital is ranked 14th.

On our list of quick cash loans in Nigeria, C24 Capital is ranked 14th. The financial company offers retail credit to customers in need of quick cash and focuses on providing services that can be accessible online from any internet-connected device in Lagos.

Because the platform is not available on Google Play or Apple App Store, the application must be completed on the company’s website.

C24 Capital Loan Offers Come in a Variety of Forms





Examine Your Eligibility…

Check out our lending requirements to see whether you meet our requirements.

Make Your Offer Unique…

Choose how much money you want to borrow and how long you want to pay it back.

Borrow and Pay…

Once you’ve completed the application, submit it, and you’ll receive your loan amount and terms within hours.


Adenubi 4 Ikeja, Lagos, next to Majekodunmi Street and Allen Avenue.

You can contact them via WhatsApp at 09090896919.
Please contact us at 09090896919 or 09090897471.

Hours of operation: 8:00 a.m. to 5:00 p.m.
Monday through Friday are working days.

To apply for personal or business loan with C24 Capital, CLICK HERE.

To apply for Quick Cash Loan from C24 Capital as a Civil Servant, CLICK HERE.

To visit C24 Capital website and read more, CLICK HERE.

15. Alat By Wema

On our list of the best 15 quick cash loan apps for emergency credit in Nigeria, ALAT by WEMA is ranked 15th and last. The website makes it simple to get rapid loans without the need for paperwork or collateral. All Alat clients can apply for a loan through the Alat App or the website.

You may now apply for a rapid loan without collateral or documentation, without having to visit a physical place, and the response time between acceptance of the offer and loan payout is in minutes, just like everything else on ALAT. You can now borrow up to N2,000,000 (two million naira) without putting up any security.

Why Should You Use ALAT By Wema for Quick Loans?

It’s incredibly simple to use – There are no lengthy procedures to fill out, and receiving the loan in your bank account after approval takes only a few minutes.
There is no requirement for a security deposit.
Interest rates that are low
It is quite simple to repay the loan.
Larger loans mean cheaper interest rates on future borrowing.

What is the interest rate on an Alat loan?

The Alat loan is designed to assist, as evidenced by the interest rate.

Salary workers will be able to access a minimum of #50,000 and a maximum of $4,000,000 within hours, with repayment terms ranging from 3 to 24 months and a monthly interest rate of only 2% on a declining balance basis.

How to Repay Alat loan

If the quick loan is still outstanding on the due date, you will receive a repayment notification, and your account will be instantly deducted.
A payback notice is sent to the customer.
You can also use the Bills Payment option on the menu to repay the immediate loan before the due date.

How to Apply for ALAT Quick Online Loan:

Log in to ALAT or create an account if you haven’t already.
Select “Loans” from the menu options.
The ALAT disclaimer has been read and understood.

A loan offer is offered with a period and relevant interest based on the user’s existing risk score after successful credit evaluation and checks.

Read the Terms & Conditions and agree to have your account deducted for repayment on the loan due date, as well as give your debit card information to be charged.

Frequently Asked Questions On quick cash loan apps In Nigeria

Here are some FAQs on quick cash loan apps In Nigeria.

In Nigeria, which app offers a quick loan?

#1. Carbon Loan App (Pay Later)
#2. FairMoney
#3. Palm Credit
#4. Branch

Which app gives instant loan in Nigeria?

PalmCredit. Borrowing from the PalmCredit app is simple and takes only a few minutes. It provides a simple service that allows users of the app to get immediate loans worth N2000 to N100,000 without any fuss. PalmCredit. Borrowing from the PalmCredit app is simple and takes only a few minutes. It offers a simple service that allows users of the app to obtain fast loans ranging from N2000 to N100,000.

Which app can give me loan instantly?

For India

#1. Dhani
#2. IndiaLends
#3. KreditBee
#4. NIRA

For Nigeria

#1. Carbon Loan App (Pay Later)
#2. FairMoney
#3. Palm Credit
#4. Branch

Which loan app gives the highest loan in Nigeria?

1. Paylater.
2. Palmcredit
3. Branch
4. QuickCheck
5. Aella Credit
6. FairMoney
7. KiaKia.

Who can help me with money urgently in Nigeria?

Individuals and small businesses in Nigeria can get short-term loans through Paylater to assist them deal with unforeseen bills or short-term financial shortages.

Paylater allows you to borrow up to 500,000 Naira with no need for a security deposit.

Is Palmcredit approved by CBN?

The CBN has granted the parent company, Newedge Finance Limited, a full license to conduct business in Nigeria as a financial institution. Because of this, the company’s operations are completely regulated. As a result, the answer is yes. As confirmed by the Central Bank of Nigeria (CBN), palmcredit is a legitimate currency.

Is FairMoney registered with CBN?

After being recognized and regulated by the Central Bank of Nigeria (CBN) as FairMoney MicroFinance Bank, the speedy lending app has added investment items to its portfolio (FairMoney).

Does Kuda bank give loan?

YES! When you need a short-term loan quickly, this is the option for you.
0.3 percent daily interest with no paperwork or shame.

As long as you regularly use your Kuda account, you can take out an overdraft at any time.

Which app can borrow me money without ATM card?

1. Branch Loan App.
2. Aella Credit Loan App
3. Quick Credit Loan App
4. FairMoney Loan App
5. Umba Loan App
6. OKash Loan App
7. GTB Quick Credit
8. Money in Minutes Loan App.

That has been 15 Quick Cash Loan Apps In Nigeria. If this article has been of help to you, why not share it with friends on social media through any of the sharing buttons below?


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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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