Top 5 best Nigerian Mobile Loan App 2020
Out of cash? No wahala!, this days we have seen most cases where individuals, businesses, organizations run of of cash or capital to start up, handle monetary issues or to pay bills.
In times Like this one will be exhausted and have no other alternative than to look for the best loan website available and apply for a quick loan.
This article will guide you through in choosing the best Nigerian Mobile Loan App that is reliable and quick loan application.
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Do I Get Loan from the Bank or do I use Mobile banking Loan Apps?
Both are cool, but all depends on the urgency of need for the loan.
Applying a loan from the bank is quite lengthy and tedious since you have to fill series of form and get a lot of referrals from the bank, most times you will be told by the bank to get clarification from your local government, which will waste quite some time to do that.
That’s why we recommend using mobile loan apps because it’s faster, easier and simple, all the needful will be done at the comfort of your home home you don’t have to waste extra time, money and your energy moving from one bank to another.
The below listed are the best loan apps in Nigeria.
1. Branch
Branch is the best loan app in Nigeria, Getting loans in branch is quite simple and easy.
Branch loan is processed to fit your needs and help you grow. As you build credit with Branch, you unlock larger loan amounts.
Unlike other lenders, Branch Mobile app don’t make you jump through hoops or fill out paperwork. Simply apply through the Branch app and get approved in under 24 hours.
Branch offers loans from ₦1,500 to ₦150,000 and still growing.
At the moment, Branch operates in India, Kenya, Tanzania, Nigeria, and Mexico.
To access quick loans Download Branch Mobile app Here
2. Carbon (Paylater)
Paylater is another online loan platform that is simple and easy to use, they provide loan for both individuals, businesses and organizations to help invest or to clear unpaid dept.
Carbon make access to credit easy. No guarantors, no collateral, no wahala with Carbon. You can apply 24/7 and receive funds in your account in as little as 5 minutes. Unlock higher loan amounts and lower interest rates by repaying on time. Isn’t that great?
Download Carbon app today and apply for a quick loan.
3. QuickCheck
Quick Check is a modernized system of loan granting and payment this era.
QuickCheck use machine learning to predict borrower’s behaviour and instantly evaluate loan applications. QuickCheck aim at offering digital financial services to help you get closer to your personal and business goals.
With Quick Check No long queues. No bulky documents. No long wait times. Just your smartphone and QuickCheck App.
You can download Quick Check app here and experience a fast and easy way to get and pay loans.
4. Palmcredit
Palmcredit uses a virtual credit card that makes it easy for their users to access loan anytime and anywhere.
With PalmCredit getting a mobile loan is simple. Apply for your credit limit in minutes, then take as many instant loans as you need without further approval steps. It’s a credit revolution!
As soon as you repay, your credit score is updated. Repay on time and watch your limit grow to N100,000.
Download the Palmcredit App to get instant and flexible loans at affordable rates.
4. FairMoney
With the FairMoney loan app you can get instant loans up ₦500,000 without collateral or paperwork. We give business loans and personal loans, you just need to download the FairMoney app, sign up and follow a simple application process to get an instant loan in only 5 minutes.
FairMoney is a fast, secure, reliable and free Android mobile banking app, available in Nigeria. FairMoney make getting loans and paying bills fast and easy. You can also earn bonus cash when you invite your friends.
Loans range from ₦1,500 to ₦500,000 with loan term durations of 4 – 26 weeks and equivalent monthly interest which ranges from 10% – 30%. There are no additional fees or hidden costs for processing your loan.
In Summary
All the mobile loan apps listed above talks about “No Collateral” hmm 🤔, that sounds nice right?, we recommend you carefully study their terms and conditions before you apply.
For those that will choose to use Branch as it’s the best loan app as mentioned above you can do us a favour by adding this promotion code “elom48ffa” to help review your bonuses and ours too.
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