In the era of sophisticated technology as it is today, people are starting to be faced with various platforms that provide online loan services.
Check [Verified!] 7+ Best Mobile Loan Apps For Online Lending In Nigeria
This service is very helpful for many people, but the rise of illegal online loans is also troubling the public. Therefore, we made a list of official online loans through this article.
Along with the development of the digital era, alternative sources of funds do not always have to come from conventional service providers such as banking.
An online loan application or digital credit can be a fairly reliable solution. In addition to the faster and easier application process, digital credit services also offer easy access from the grip of a smartphone
Online loan applications can be the solution.
The reason is, when compared to borrowing money at a bank , online loans offer a much faster and easier process.
You don’t have to leave your house and wait in long lines at the bank.
The submission can be done easily through the application on the cellphone, thus saving time and effort.
Here is a list best mobile apps for online busines and personal loans in Nigeria.
1. Paylater
Paylater, an online mobile app that provides users with short-term loans, rolled out version 2 of its app this November. Paylater Plus is the biggest addition to Paylater v2 and is available to salary earners.
2. Palmcredit
Borrow money online with Palmcredit app.Apply an instant loan with a flexible repayment plan and favorable interest rate.
Palmcredit is owned by Newedge Finance Limited (RC1585793) is fully licensed by the CBN to operate as a finance company in Nigeria. Palmcredit is CBN-approved.26-Apr-2022
3. Branch
Branch makes it easy for people in Nigeria to transfer money for free, get instant loans up to ₦500,000, and enjoy investment yields of 20% per annum. Complete our application in seconds and start enjoying superior value.
Palmcredit is owned by Newedge Finance Limited (RC1585793) is fully licensed by the CBN to operate as a finance company in Nigeria. Palmcredit is CBN-approved.26-Apr-2022
4. QuickCheck
Get Quick Cash. Anytime, Anywhere.
Never go broke again. No long queues. No bulky documents. No long wait times. Just your smartphone and QuickCheck App.
Why QuickCheck?
We use machine learning to predict borrower’s behaviour and instantly evaluate loan applications.
We aim at offering digital financial services to help you get closer to your personal and business goals.
5. Aella Credit
Aella loan app offers a minimum loan amount of ₦1,500 and a maximum amount of ₦1,000,000 with each Aella loan increment being dependent on a variety of factors including Aella loan app repayment history and financial profile
6. FairMoney
Digital Bank That Gives Instant Loans, No Collateral Needed.
Get loans up to ₦1 million, a bank account with free transfers, a debit card for spending, and more
FairMoney is building the leading mobile bank for emerging markets.
We are unique thanks to our international exposure (with offices on 3 continents) and our impact-driven mission. We bring financial inclusion to underbanked people in emerging markets!
7. KiaKia
Founded in 2016, KiaKia (a trading name of KiaKia Bits Ltd RC:799552), is a licensed non-banking financial technology company. One of Nigeria’s pioneer digital lender and also the leading peer-to-peer marketplace, KiaKia offers secured and unsecured loans and also participates in well-structured profit-sharing business transactions. We focus our efforts mostly on Micro, Small and Medium Enterprises with huge growth potentials, with no access to credit from traditional financials institutions..
But behind its convenience, online loans also have a number of risks.
These loans generally charge interest on a daily basis and there is also a risk of fraud.
Recently, there has been a lot of news about online loans that are troubling.
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