11 Instant Online Loans website Companies in Nigeria To Get Loans Within 24hrs And How To Do That

Are you looking for a fast and reliable loan company websites where you can borrow money without a any stress or issues trendzhiphop provides for you the best information on how and where to borrow money without been scammed, currently There are several ways to get an urgent loan in Nigeria. With the increasing number of digital service financial platforms providing quick loans to prospective customers, you can now get an instant online loan within 24hrs or sometimes in less than five minutes on different loan apps.

With a plethora of lenders giving loans within 24hours, We thought that it would be really helpful to throw into the list, a platform where you can�compare requirements and interest rates from 50+ loan apps in Nigeria.

With technology, traditional financial services institutions are now experiencing disruption with innovative digital services that are making the borrowing process simple and more convenient.

In no particular order, let�s review a list of loan organizations in Nigeria. The list below was generated based on dominance and acceptability by the general populace: It�s important to note that there are no hidden charges and you can compare loan offers from different online lenders�here.

However, some of them will require that you have a good credit score before you can access a loan. You can�discover how you can raise a capital of up to N10,000,000 for your business without stress.

Loan Apps in Nigeria Providing Instant Online Loans Without Collateral

Here�s a list of loan apps in Nigeria that provide you with quick access to all types of loans they offer.

  • Loanspot
  • Renmoney
  • Carbon
  • Branch
  • Aella Credit
  • Fairmoney
  • Migo
  • Lidya
  • Kiakia
  • Social Lender
  • QuickCheck
  • C24 Loan
  • Fint Loan
  • Specta Loan
  • Jumia Loan
  • Opay Loan

1. Loanspot

Loanspot is one of the leading loan apps in Nigeria that provides users with instant loans. The goal of this platform is to make it easier for businesses, entrepreneurs, and everyday individuals to have access to credit that would enhance the quality of their livelihoods.

On this note, they design this platform to connect you with several lenders across Nigeria by giving you the power to compare loans from different lenders in minutes. The amazing thing about this platform is that you will always get a lender to meet your needs.

They prototype this platform using the marketplace model. Just like Uber, which helps you get access to cost-effective transportation with a button click, Loanspot exists to help you get access to credit options at a cheaper rate.

In fact, at the time of this article, Loanspot has helped over 180,000 individuals get access to information on credit products.

App Features

As of the time of this article, the Loanspot app is currently unavailable. In a short while, the app should be available for download on the google play store and iOS app store.

2. Renmoney

Renmoney is one of the loan companies in Nigeria that provides micro-business loans up to N4 million. To get a Renmoney SME loan, your business must have a good income statement history and can boast of regular monthly earnings for repayments. The minimum loan amount is N100,000 while the interest rate is 2.8% per month.

For capital-intensive businesses like in the case of a real estate company in Nigeria, the platform also makes their process of getting access to funds quick and easy.

Renmoney Website

App Features:

  • Instant Access to all Renmoney Services. These include quick loans, savings, and investment.
  • The app allows you to transfer from your Renmoney account to other bank accounts
  • Dowloand size is 7MB


  • The Renmoney loan app has a highly responsive page with great user experience.
  • Convenient and secure
  • They design the app using the best security and privacy standards.
  • Loan application process on the app is seamless and hassle-free.


  • There is no way to cancel loan application when loan application is submitted.

3. Carbon

Formerly (and popularly) known as PayLaterCarbon Loan is a lending platform that gives you access to a loan in minutes in Nigeria. The 3-year old lending app prides itself as �a simple digital finances management platform� that provides instant online loans to help you cover urgent and unexpected cash needs.

The platform accesses your Bank Verification Number (BVN) to determine your loan worth. Its loan amount is up to N20 million while interest varies. See�how to check BVN�if you no longer have your details.

Carbon is available on the web, and on mobile apps (Android and iOS). Their rates range from 5 � 15%, and this depends on the loan repayment period and the amount of money you wish to borrow. 

Apart from being one of the top loan companies in Nigeria, Carbon provides a platform that allow its customers to recharge airtime, transfer funds, and pay bills.

Carbon Website

App Features:

  • Free fund transfer to any Bank in Nigeria.
  • Instant Access to Carbon Services. This includes loan options ranging from N1500 � N1 Million, investment, bill payments and savings.
  • 11% interest on savings
  • Available for download on Google playstore and the iOS app store. Download Size is 21MB


  • Carbon financial services are available on the app 24/7
  • Easy and secure loan app
  • The bank transfer is fast, and the charges are pocket friendly


The app experiences bugs. But, more often an update on the app corrects most of bug issues on the app.

Now�you can compare interest rates from different lenders with our�loan simulator�and get the best deal. Making an informed loan decision requires comparing different loan offers before making a commitment. Through our simulator, you can see at a glance, loan offers coming from different lenders in less than 5 minutes, so you can make the right decision regarding your financing.�Give it a today

4. Branch

Branch Loan is another platform that offers quick online loans in Nigeria. You can get access to loans from ?1,000 to ?200,000 within 24hrs, with a period of 4 to 40 weeks to pay back. 

It is arguably regarded as one of the most reliable loan apps in Nigeria because of its mode of operation. Its interest rate rages from 15% to 34%.

As a borrower, you don�t need any collateral or income-generating assets to get a loan. Interest rates are determined by a number of factors, including the lender�s repayment history and the cost of lending for Branch.

Branch has made it easy for Nigerians to access loans from anywhere in the country without physical engagement or collateral.

Branch Loan app

App Features:

  • Quick access to Branch loan options
  • The app has an excellent saving feature that allows you to save and earn up to a 20% return
  • Free Transfer to any Bank in Nigeria.
  • Pay bills all at zero Naira
  • The app is available for download on Google playstore and the Ios Store. The download size is 7MB.


  • The app is easy and straightforward to use
  • Branch Mobile app uses word-class security and data encryption to keep user data secure.
  • The user interface design is beautiful and easy to interact with.

5. Aella Credit

Aella Credit is a loan app in Nigeria designed to help employees access more funds between 1,500 to 700,000 and an interest rate between 4% � 29% monthly. Aella Credit is available in Ghana, Nigeria, and the Philippines. Like other platforms, the Bank Verification Number is one of its requirements. Its loan tenure spans between 1 to 2 months.

Aella Website

App Feature

  • Quick and easy access to loans in 5 minutes.
  • Bill Payment feature. You can pay for your electricity bills, airtime recharge, etc.
  • Aella care. Access to health insurance on the mobile app
  • Aella Notes. You can invest on the app and earn returns of up to 26%.
  • The app is available for download on google playstore and the Ios store. App size is 5.3MB


  • The app is easy to use with first-time users in mind.
  • You do not have to pay any agent or convenience fee to make any transfer

6. FairMoney

FairMoney�is a licensed loan app that offers quick loans to cater for needs like bill payments. It requires your Bank Verification Number and your debit card to obtain a loan (from ?2,500 to ?150,000). Loan interests on FairMoney start at 5% and can grow up to 28% depending on how much you are borrowing. Also, it runs a loan term duration of 4 � 26 weeks.

If you pay back your loan before the due date on FairMoney, you�d repay at a reduced interest rate. 

FairMoney Website

App Features:

  • Easy and quick access to Fairmoney Loan options
  • Send money to any Bank account in Nigeria
  • Account number. With this app, you can get an account number that you can use to receive money from any account in Nigeria.
  • Bill Payment


  • Loan processing on the app is seamless and hassle free
  • The app is easy to use with first-time users in mind
  • Nice user interface

7. Migo, formerly Kwikmoney

Formed out of a partnership between companies, banks, and other technology companies,�Migo loan�is a platform where you can get a quick loan in Nigeria. With your Bank Verification Number (BVN) and your account number, you can access up to N500,000 instant collateral-free loans.

You can access Migo�s lending services their web interface, or the loan app. If you don�t own an internet-enabled device, you can use the Migo USSD code.

Depending on how much money you borrow, Migo charges 5 � 15% on loans and you have to repay between 14 � 30 days.

It provides innovative financial services to the financially underserved mass retail segment. It�s a simple, digital-finance-management platform that provides fast cash loans to help cover unexpected expenses or urgent cash needs.

Migo Website

App Features:


8. Lidya

Lidya is one of the leading loan companies in Nigeria. It launched in November 2016 with a mission to close the credit gap, both in Nigeria and across emerging markets.

Businesses seeking a loan at Lidya can do so online or via their mobile phone and get a decision within a few hours pending all requirements are satisfied. 

The loan amount at Lidya ranges from N150,000 and above with an interest rate of 3.5% per month.

Lidya Website

App Features

  • Easy and user intuitive design
  • Quick responsive system
  • Finance management option

Who is eligible?

Businesses or individuals with proof of steady cash flow within the past 6 months


  • Easy loan access
  • Quick disbursement time
  • No collaterals or guarantors required


  • The maximum loan amount is dependent on your credit rating, therefore, it is usually relatively low

9. Kiakia

KiaKia Loan is a platform where you can get a loan in Nigeria as an individual or a business. Backed by Sterling Bank Plc, the lending platform also allows savers to lend out funds at negotiated interests through intuitive conversations. Its minimum loan amount starts at N50,000 with an interest rate of 3.5% per month.

Kiakia Website

App Features

  • Amazing P2P lending opportunities
  • Quick response time and loan approval duration

Who is eligible?

You must meet the following requirement to be eligible for a Kia Kia loan:

  • Be resident in Nigeria
  • Above the age of 21
  • Applicant must possess a Bank Verification number (BVN) and bank account with a main stream commercial bank
  • Evidence of verified source of income (paid employment or business)
  • Valid means of identification including Work ID for employed applicants
  • Proof of income within the last 6 months through bank statements or screenshots of alerts


  • Rapid loan disbursement time
  • Easy loan application process
  • No collaterals or guarantors required


  • Loan is only available to the employed or steady income earners
  • Maximum loan amount is limited to your level of employment and income

10. Social Lender

Social Lender is a lending solution based on social reputation on mobile, online, and social media. It bridges the gap of immediate fund access for people with limited access to formal credit.

With its own proprietary algorithm to perform a social audit of the user on social media, online and other related platforms, Social Lender gives social reputation score to each user.

Social Lender Website

App Features

  • Version: 1.3.0
  • Last Update: 19th April 2021
  • Downloads: 10,000+
  • Download Size: 11.50 MB
  • Availability: app is available for android and iOS

Who is eligible?

Applicants must have a good social reputation score which is evaluated by connecting your social media accounts to the app


  • It allows access to quick loans
  • Easy application process through the mobile app
  • USSD application option
  • No collaterals or guarantors required


  • The app requires access to your social media accounts to rate you
  • Relatively low maximum loan amount of N10,000.
  • Your access to borrowing more depends on your social reputations core

11. QuickCheck

QuickCheck provides up to NGN 500,000 instant loan online in minutes in Nigeria. As a first time user, however, you can only access up to N10,000 for a period of 30 days.

Their repayment terms state that early repayment of loans guarantees lower interest rates and higher amounts. Additionally, interest on loans is only paid for the number of days you use the loan.

Like other loan platforms, QuickCheck requires your BVN for security and verification purposes; and bank account number for disbursal of your approved loan. 

QuickCheck Website

App Features

  • Version: 4.3
  • Last Update: 23rd June 2021
  • Downloads: 1,000,000+
  • Download Size: 16.25MB
  • Offered By: get loans
  • Released On: 5th July 2016

Who is eligible?

Loan eligibility is determined by your credit score after registering and supplying all the necessary details


  • No collaterals or guarantors required
  • Quick disbursement time of a few minutes after loan approval
  • Easy to use platform


  • Maximum loan amount of N200,000
  • High-interest rate of up to 30%

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