BEST MOBILE LOANS APP IN NIGERIA 2023

Best Mobile Loans in Nigeria 2023

Where to get quick loans in nigeria 2023? below are the best mobile loan apps in Nigeria 2023 for Android and iOS Users.

Mobile loan apps are applications that have been designed to allow you to obtain a loan without the hassle and stress of going to a bank or paperwork. Therefore, you can obtain a mobile loan in Nigeria within minutes.

Below are  list of the few top mobile  loan apps  in Nigeria (based on Google Play store downloads & rating) where you can take loans safely.

Branch

Branch is one of the best loan apps in Nigeria with 4.5 rating and over 1M reviews. They presently have over 10M downloads in google play store, and give quick online loans with a repayment period of 61-180 days. Their personal cash loans range from ₦2,000 to ₦500,000. Their loans are accessible via the Branch app and require no documentation.

FairMoney MFB

FairMoney is currently Leading in loan app with 4.4 rating and over 584k reviews. They presently have over 10M downloads in google play store. they are considered the best app for quick loans in 5 minutes. it also offers loans of up to ₦1,000,000. Their loans are accessible via Fairmoney app and requires no documentation or collateral.

Palm credit

Palm credit offers personal loans that allows you sort your bills and urgent expenses with 4.2 rating and over 166K reviews. They presently have over 5M downloads in google play store. It offers loans are ranged at ₦100,000 with interest rates ranging from 14% to 24%. Their loan repayment policy states that loans are to be repaid between 14 days to 180 days after disbursal. Their loans are  accessible via palm credit app and requires no paperwork or collateral.

Opay loan app

The Opay  loan app is another popular lending platform Licensed by CBN with 4.4 ratings and over 413K reviews. They presently have over 10M downloads in google play store. they also allows for seamless transactions. With its USSD code, *955# you can borrow up to ₦50,000 on the app.

Okash quick loan

Okash is owned and managed by Blue Ridge Microfinance Bank Limited with 4.3 ratings and over 180k reviews. They presently have over 5M+ downloads. The platform offers instant loans ranging from ₦3,000 to ₦500,000 and a loan term between 91 days to 365 days.

NewCredit

Newcredit also known as Ncredit with 4.1 rating and 61K reviews. They presently have over 5M downloads. It is another legit instant loan app in Nigeria that offers Nigerians access to collateral-free and paperwork free loans minimum limit of ₦10,000 and a maximum limit of ₦300,000 with the loan repayment term from 91 days to 365 days.

9Credit

9Credit is a loan app with 3.9 ratings and over 108K reviews and over 50K downloads. This loan app is excellent for people seeking small to medium-sized credit with manageable repayment terms. it boasts of having a fast approval process. It also offers users competitive interest rates and very flexible repayment options.

Getting a loan in Nigeria is fairly easy, thanks to mobile loans.The reason we've written this article is the problem where individuals/business owners have problems in figuring out which platform is legal and which is fraudulent. Which have resulted to various misunderstandings within the industry. The list of mobile loans apps above are all registered and legally approved by CBN and the Nigerian government.

How can I borrow money from Okash Loan app

Borrowing from Okash is pretty easy and can be done in few steps. Simply download the app on google play store by typing the name OKASH, create an account and click “get loan”. Okash AI will check your loan eligibility and grant/deny your loan request.

Conclusion

Loan applications are very easy to use and offer the most convenient loans in Nigeria. As an individual or business personnel, you can obtain a loan with ease or no stress.

However, be sure to go through the terms and conditions of the loan before completing your application to be sure that you know exactly what it entails.