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Life is full of uncertainties and there comes a time when we would need money urgently maybe for some personal use, business, or for some other problems that require financial attention. We may need to source for funds to pull through and getting a quick loan might be the fastest way to secure funds.
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Whether the loan is for  Starting a business, funding an idea, or even getting money to handle urgent matters, it is not always easy to find the quickest ways to get the funds. This is why loan applications exist to make it easier to access money without enormous interests and collaterals that are the norm for Banks and lending institutions. The advancement of technology has made it easier to be issued loans without any difficulty. we don’t need to go to banks or loan companies to be issued a loan rather we can get access to loans using our smartphones via mobile applications designed to issue both long-term loans and short-term loans. These applications issue loans without collateral and interest rates are low. Some of the quick  loan apps in Nigeria  that can save you or help you in urgent times of need include: 
  • Palmcredit: Palmcredit is a loan app in Nigeria owned by Newedge Finance Limited where you can get a loan without collateral. With Palmcredit, you can access loans within minutes without having to worry about providing any collateral. One unique thing about Palmcredit is its attractive low interest. It allows individuals to get a loan for as low as N2,000 and as high as N100,000 straight from the app. It helps people to get quick online loans. With just a few steps then you have everything in your control to get the loan you want. Also, Plamcredit gives reward offers for referring people to Palmcredit.
  • Branch: This loan platform is also one of the best loan apps in Nigeria and the good thing about Branch is that  It doesn’t operate only in Nigeria but also, it operates in other countries like Kenya, Mexico, and India. Branch makes it easy for you to access loans anywhere you live anytime, anywhere.  One can sign up in seconds, apply for a loan, and receive your money straight to your account. It’s a fast, convenient, and reliable way to access credit when you need it. Money borrowed from Branch can be used for anything you prefer to use it for and no one is going to ask you about that not even Branch Officials. You can borrow loans as low as N1000 and as high as N200,000 from the Branch loan app and with little interest. The interest you will pay back on any money you borrow differs depending on the country you are in.
  • QuickCheck: Using the QuickCheck app on your phone anytime or day you can get instant loans straight into your bank account. This is one of the best loan apps in Nigeria and this is because of their mode of borrowing money. You get to access quick cash loans at single-digit interest rates, anywhere, anytime. This loan app for Nigerians helps Nigerians access instant online quick loans without collateral and it work seamlessly. The application is special because one c can choose when to pay back and How much to borrow which is up to200000.
  • Carbon:  it was founded by Chijioke Dozie and Ngozi Dozie in 2012. The brothers started the company in a niche digital lending market, but now, the company offers plenty of services from savings to payments and investments. Carbon is somehow the number one choice and most popular for most people to borrow money online. The platform borrows money from anyone whether you working or not, Student or monthly salary earner even if you are an entrepreneur carbon is there for you when needed in getting money. There is No need for guarantors and collateral for you to use carbon. It is so easy that you can apply for a loan 24/7 and receive funds into your account within minutes. One thing about Carbon is that you have to start from a point and as you repay your loans on time the more chance you have to get higher loans from the platform and it is always stress-free.  carbon (PayLater) is the best loan app in Nigeria on iPhone and Android as it even gives you the chance to manage your credits right from the app so all your dealing is with the app. It can also be used to make payments, recharge any network in Nigeria, Pay bills for your services, and also transfer money.
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  • Fair money: FairMoney is a fully licensed digital bank licensed by the Central Bank of Nigeria. It is a loan app that you can use to get quick loans online. The application has a  good service and with FairMoney, one can apply for loans online for as much as N150,000 and there is no need for any paperwork, No collateral and it is 100% stress-free to use the FairMoney Loan App to get loans. FairMoney also lets you spread your repayments in multiple instalments for you to have more flexibility. When you pay your credit on time it opens more chances for you to get more benefits. 
  • CreditVille: Creditville Limited is an asset management company and a private lending institution registered in Nigeria. Creditville target customer base includes individuals on paid employment and small/medium enterprises in Nigeria. Creditville operates as a viable institution by hinging its services and operations on global best practices. offers CASH LOANS (For Salary Earners & Business Owners) to meet urgent needs on any aspect needed. It is so good at CreditVille that if you need a Vehicle loan to get your preferred choice of vehicle, you can get that done at CreditVille. You can get loan offers between N100,000 to N4,000,000 at CreditVille for up to 18 months without collateral to be able to meet their financial needs. CreditVille Limited’s Payday Loan in Nigeria is a quick loan for salary earners and with CreditVille you can also get Salary Loans and they are fast and stress-free.  
  • Migo: This was formerly referred to as kwikmoney. Migo is also among the mobile loan apps in Nigeria. It bridges the gap between you and your needs by making loans readily available. The only thing you need is a Smartphone and your SIM registered to your bank account. There are two methods to get a Migo loan. 

Method 1

  1. Dial *561# on your mobile phone
  2.  Select ‘Loans” and then “Request Loan
  3. .Select the loan amount you require.
  4. Enter your bank details and within seconds your account will be credited
Method 2:
  1. Visithttps://kwikmoney.com
  2. Input your phone number in the text box
  3. You will receive a verification code on your mobile phone, input the code in the text box provided
  4. Click “Check Loan Offer” from the menu displayed
  5. Select the loan amount you require from the list of offers displayed
  6. Enter your bank details and within seconds your account will be credited.
  7. All loans are payable within 14 days.
  • Kia Kia: In the Yoruba language, kiakia means quick and fast. Kia Kia is one of the best loan Apps in Nigeria because it is faster and easier. This platform is one of Nigeria’s pioneer digital lenders and also the leading peer-to-peer marketplace, KiaKia offers secured and unsecured loans and also participates in well-structured profit-sharing business transactions. They focus their efforts mostly on Micro, Small, and Medium Enterprises with huge growth potentials, with no access to credit from traditional financial institutions.
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This article was first published on 11th February 2022

eyimegwu-ekene

I am an accomplished content creator and recently delved into technical writing. I enjoy using my skills to contribute to the exciting technological advances and create awareness of evolving technological trends in Nigeria.

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One thought on “Instant Loan Applications In Nigeria”

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