Loans

Instant Loan In Nigeria – Which App Gives Loan Immediately In Nigeria

Instant loans can also be called immediate loans. This loan app gives credit facilities to people in the country. There are apps in Nigeria where you can easily get a loan immediately without a contractual agreement. Today, you have as many apps in Nigeria as Conventional banks. This article is designed to provide the different apps that support Instant Loan in Nigeria – Which App Gives Loan Immediately in Nigeria.

Below is a list of loan app that gives instant loans.

Branch

Branch is one of the apps that has been in existence for a while now. Branch is an app that offers instant loans to its clients As at the time of writing this article, the Branch app is one of the most downloaded lending platforms in Nigeria. Yes. It boasts of over 10,500,000 downloads on Google Playstore.

The branch app determines your loan status. This app enables Instant Loan in Nigeria – Which App Gives loans immediately in Nigeria. The branch app has a good user rating of friendliness. Additionally, it enables people to obtain loans using their user dashboard activity. The app ranges from 3% to 23% interest rate. As a client, you can get loans ranging from N2000 to N500,000 within one day. The repayment plan is also very friendly.

FairMoney

FairMoney is one of Nigeria’s most used loan platforms. It boasts over 10,000,000 downloads on Google Playstore. It offers fast loans within 5 minutes. The most beautiful thing is that it doesn’t require any documentation. The type of loan you are eligible to collect depends on your activity with the app.

You can obtain loans as low as N1,500 and as high as a million. Also, the repayment plan is very friendly. You can pay your loan little by little within 65 days to 1 year depending on the loan you collect.

Palmcredit

Palmcredit is one of the top platforms in Nigeria. This platform is also very famous among borrowers. The palmcredit application boasts up to 5 million downloads on Google Playstore. This app just like Fairmoney, doesn’t require any paperwork. Instead, on its Platform it claims that you can receive up to N300,000 worth of loan. This platform helps you borrow without collateral.

Additionally, you can get this loan instantly. Yes, you can borrow up to N10,000 to N300,000 without issues. The annual percentage rate on the platform ranges from 24% to 56%. This is the reason it appears in this article titled Instant Loan in Nigeria – Which App Gives Loan Immediately in Nigeria.

Carbon

Carbon is one of the top brands in the country. It is a digital platform that permits many Fintech characteristics. It provides a range of financial services such as lending etc. The carbon loan app enables people to borrow money within a short time. However, to be specific the loan application takes less than 15 minutes to get done.

The interest rate ranges from 2% to 30% depending on the loan you collect. The app is very popular and has over one million downloads on the Google Play store. Additionally, it has a repayment period and a good interest rate.

Okash

Okash is one of the subsidiary platforms of Opay. Okash is on our list of Instant Loans in Nigeria – Which App Gives Loan Immediately in Nigeria. It has gained strides in the Nigerian Fintech industry. It is a very quick and convenient platform that allows users to borrow money easily. It is managed by Blue Ridge firm. The application doesn’t take time to approve loans. You can get a loan at any time of the week.

The Okash loan can give you loans of up to half a million. The Okash rate of interest is very good. It is quite flexible. Of course, they charge interest daily. When you calculate the interest rate yearly you have a rate of 360% annually. Google Playstore, has over 5 million installations.

Aella Credit

Aella Credit gives medium-term loans. It is quick and very easy to get loans. However, you need to build your trustworthiness with the app over some time. Also, you just need to submit your credentials to be eligible for the loan. The app offers loans of up to 1.5 million instantly. You can pay the money easily within 1 year.

Umba

Umba has been around for a while. It gained popularity when it started an earn-with-referral campaign. Also, it has a loan platform that gives credit to people who use the app. It has over a million downloads in Nigeria allows people to apply for and get loans easily without issues.

The company’s maximum interest rate is 10%. Also, you have a minimum of 2 months to pay your loan. As usual, you can get loans as high as N30,000.

EaseCash

EaseCash is known for its security. It is one of the apps where Instant Loan in Nigeria – Which App Gives Loan Immediately in Nigeria. It is one of the most reliable and relevant platforms in Nigeria. It boasts over one million downloads on Playstore. The app provides loans of up to N100,000. It has an annual rate of 14% on loans in Nigeria. It also has a processing fee of 20% for transactions.

FAQ

Can I borrow money from Moniepoint?

Moniepoint gives out credit facilities to settle urgent financial obligations.

How can I borrow money from Opay?

You can do well to dial *955# on your mobile phone and follow the urgent instructions to begin the loan process.

How can I borrow money in 5 minutes?

Through the Specta app, you can access a personal loan of up to 5 Million naira without collateral in 5 minutes.

What are the apps I can borrow money without BVN?

JumiaOne

Carbon (Paylater) Loan App

OKash Loan App

Aella Credit Loan App

PalmPay Loan App.

Does okash give a loan?

The Okash loan can give you loans of up to half a million. The Okash rate of interest is very good. It is quite flexible.

Conclusion

With due respect to the apps above, you can easily get a loan platform when you conduct research. The research article has discussed extensively the Instant Loan in Nigeria – Which App Gives Loan Immediately in Nigeria. Regardless of the listed articles, you have to agree with their terms and conditions.