Top Loan Apps in Nigeria Offering More Than 100k

Explore our detailed guide on top loan apps in Nigeria offering loans more than 100k. From Carbon to 9ja Cash, find the right fit for your borrowing needs today

Top Loan Apps in Nigeria Offering More Than 100k

In a sea of burgeoning loan apps in Nigeria, choosing the one that suits your needs can seem like an uphill task. Especially when you’re looking for loans exceeding the 100k mark, the choices dwindle. In this post, we will explore several loan apps that can meet your expectations, offering loans of more than 100k in Nigeria.

Loan Apps Offering More than 100k

1. Carbon (formerly Paylater):

Carbon is a swift and handy loan service available right on your mobile device. They offer two primary packages – one for salary earners and the other for everyone else. Apart from loans, you can also pay bills including recharge cards and PHCN via the app.

2. Branch:

As the name suggests, Branch extends its ‘branches’ to offer you a loan with no collateral requirement. Register by providing your personal details and borrow as low as N1,000 or as high as N200,000 with a reasonable interest rate.

3. Aella Credit:

Focused on employees with stable incomes, Aella Credit is a fantastic app for those seeking quick cash. Their affiliation with various credit bureaus in Nigeria enables them to leverage an algorithm to determine your creditworthiness before loan approval.

4. KiaKia:

Living up to its name, ‘kiakia’—meaning fast in Yoruba—this loan app ensures a quick, easy, and stress-free loan process, offering up to N200,000. Interest rates vary, and the loan term ranges from 7 to 30 days.

5. Xcredit:

Though not very popular, Xcredit is one of the top loan apps in Nigeria with a well-structured loan package for customers. Offering a loan range of N2,000 to N500,000 spanning around five months, they do not require collateral but expect you to provide your bank account details.

6. 9ja Cash:

This relatively unknown app allows you to borrow up to a staggering N300,000, for a tenor of 180 days. Although the interest rate ranges from 1% to 34%, making it somewhat high, the service is reliable.

Honorary Mentions

Apps such as Palmcredit, 9credit, lend me, and Sokoloan deserve mention for their reliability, even though they currently offer a maximum loan of 100K. But as their policies could change in the future, they are worth keeping an eye on.

How to Apply for a Loan

Applying for a loan is a straightforward process common to all these apps. Begin by downloading their official app from the Google Play Store and registering. Post successful registration, you can apply for a loan.

Please note that while some apps cap the maximum amount a new user can borrow and increase it over time, loanspot.africa offers little to no hurdles.

In conclusion, although these apps offer loans exceeding 100k, it is essential to consider their interest rates and terms before making a decision. Always remember, a well-informed decision is a wise decision. Happy borrowing.