Quick Loan App in Nigeria: 5 Best Apps for Instant Loans in 2025

Need funds fast? Explore the best quick loan app in Nigeria. Instant approval, flexible repayment, and secure loans!

As a business person or individual, there will be times when things get a little bit hard, and there will be a need for a quick or emergency fund to sort out that particular problem; it could be money to make personal needs or business needs.

In the past, it was almost it is impossible to access emergency loans in Nigeria. Still, these days, there are many loan apps in Nigeria where you can quickly get a loan, such as a car loan in Nigeria without any collateral.

In this article, we are going to be looking out for the best options for getting a loan in Nigeria quickly, which, of course you can use to borrow money without any collateral or paperwork.

Quick Loan App in Nigeria: Fast, Easy, and Reliable!

Below is a list of quick loan apps in Nigeria:

Carbon

The first loan app we’re going to be checking out is Carbon, which is also known as Pay Later. Carbon is formerly known as Perlita which is one of the top mobile phone loan apps available in Nigeria.

It is easy to use this app, and you can get a quick loan without much delay; you can get a loan of up to one million naira using the carbon loan app; it’s available on Google Play Store and Apple App Store.

It does not require a collateral or guarantor to get a loan from Carbon. All you need to do is download the app on Google Play Store or Apple App Store to your mobile phone, register your accurate details and then apply for a loan.

This app is fast. You may get a loan offer in just a few minutes as long as they have verified all the personal information, which, of course, you provided while registering or while inputting your details on this app.

They charge flexible interest rates between five percent to 15 percent depending on the amount of money you are actually borrowing from this platform. You can pay back your loan easily from the app using your ATM card. The app is available on Google Play Store and Apple apps.

Fair money

With the Fair Money app, you can get a loan of up to 150,000 with just a few clicks. It’s fast, easy, and secure. This app is one of the most downloaded loan apps in the Google Play Store as of today. All you have to do is to download the app and install it.

You can proceed to sign up with your Facebook account or your mobile phone. Then, you answer a couple of questions, which, of course, they’re going to be asking you while registering your account. After that, you’ll be sure to get a loan offer on this platform.

The loan amount you will be eligible for will be determined with the details that, of course, you provided while registering your account. Once you get a loan offer accepted, the money will be credited into your bank account it’s that easy.

They have a flexible interest rate. You can get a loan back or pay in installments for as much as three months.

It’s very easy to get a loan with the Fair Money app. The app is available on the Google Play store or Apple App Store.

Palm Credit

You can get an instant loan of up to 150,000 Naira with Palm Credit. This app is very popular among Nigerians, and it is easy to operate and use for everyone who actually knows how to operate their mobile phone.

Typical loan applications are approved within five minutes. All you have to do is download the app from the Google Play store or Apple App Store to your mobile phone, open the app register and then apply for a loan, get approval and receive the money directly in your bank account.

The interest rate is between 14 to 24 percent, depending on the loan tunnel and the amounts you are borrowing from this platform. You can get a loan within the duration of the next one to 180 days. You don’t need any collateral or paperwork before you can get a loan from this platform.

Branch

Branch is one of the top loan apps in Nigeria that has been in existence for a while. With Branch, you can get a loan from your phone without any collateral. All you have to do is download the app from the Google Play Store and Apple app.

The store, then create your account. Then, after that, you can proceed to apply for a loan on this platform loan between 4 to 64 weeks, and then the interest rate is between 14 to 28 percent.

This app has been featured on verbs Bloom badge and many more, which means this app is very legit, and it also serves other countries, which, of course, you might not know they’re actually available there

Quick Check

Quick Check is another popular mobile app in Nigeria that of course offers people loans and many other features inside it. This app is very easy to use, and you can get access to it on Google from Google Play Store.

This app permits it to access your phone data in other to make sure you have or receive a loan offer. Of course, if you don’t pay back the money as when agreed, they might also try to tap into your personal information. Then you won’t be able to run away with their money.

They also have other features inside the app, like buying airtime, paying some bills as well as purchasing data, so Quick Check is one of the best apps, which, of course, you can also use to borrow money in Nigeria today to get instant loans in Nigeria.

You have to make sure you do some background check on any loan app, which, of course, you want to use to borrow money, and make sure they are not requesting too many details from you because you have to be very careful on any apps you have to put in your details in order to get a loan out there.

Summary

I hope one of these or one of the loans works best for you, but then you can let me know which one actually works best for you in the comment section below, and I’ll be very happy to reply to them

Frequently asked questions