Top 10 Quick loan apps Companies in Nigeria-Apply Now for Instant Loans

Top 10 Quick loan apps Companies in Nigeria-Apply Now for Instant Loans

Quick loan apps Companies–With the passing of each day and the worsening of the Nigeria economy, it is becoming pertinent that at one point or the other one will need financial aid as they come in loans. A loan is a financial instrument that helps people meets financial obligations and pay up such when at a relaxed point. Loans are acquired via the presentation of collaterals. Most times, getting the desired funding for startups can be extremely problematic. Collateral is that asset that can be converted into money that covers the exact amount of money that was borrowed. In Nigeria, not every individual has what they can tender as collateral to access a loan. This is why loans without collateral are very important and in fact, may be filling the position for our top loan companies. Fortunately today, business owners and individuals can apply for quick online loans without putting up their assets as collateral and from a firsthand user, with little interest rate.

READ ALSO:The Role Of Bank In The Development Of Small Scale Industries.

So, if you are ready ride along;


They provide Small and Medium Enterprise (SME) finance/business loans across Africa & the Middle East. If you have investible numbers and you looking to expand your business, then GrOFIN is your best short. They come in number ten position because they do not support individuals with businesses or a confirmed way of paying back.


SMEDAN is a government-backed initiative to offer quick and easy business loans to Nigeria SME’s businesses in need of financing. The core mission of the organization is to promote entrepreneurship among Nigerians and also provide capital to start the business. Their loans are only accessible to business people.


This is an organization building platforms that make it easier for individuals in Africa to gain access to financing. Mainly focused on employee lending and empowerment, the company was affiliated with three main credit bureau agencies in Nigeria to provide quick and affordable loans with no paperwork to its customers. They provide low interest loans to persons with verified sources of paying back

  1. One-Fi

This is a credit facility company that offers short-term consumer loans to credit-worthy individuals with limited access to finance.

One-Fi loan repayment cycle is typically between 3 – 6 months, with loan amounts up to N200, 000 or more. There loans are accessible to persons with verified means of paying back and having met strict industry policies.

  1. Specta

Specta is an online lending platform that gives you loans of up to 5 Million in one transaction all within 5 minutes! No collateral, no paperwork and no visit to any office. With Specta, you can take care of urgent personal and business needs anywhere, anytime. But be sure to have an account with sterling bank, the one customer bank.

We’ve been able to come from number 10 all the way down to number 6. For our top five, they are characterized by ease of access, interest rate, response time and duration. Enjoy

  1. QuickCheck

This is a modern lending platform for individuals and small businesses. QuickCheck uses mobile technology to enable individuals and small businesses to gain access to financial credit. According to the platform, users can access quick and hassle-free loans of up to 30,000 Naira without any collateral for duration of either 15 or 30 days. This runs on android.

  1. KiaKia.Co

This is a digital money lender for Nigerian businesses. KiaKia utilizes psychometrics, big-data, machine learning and digital forensics for its proprietary credit scoring and credit risk assessment algorithm to provide direct and peered personal and business loans to millions of individuals and SMEs without credit information. This runs on android.

  1. Branch

Image result for branch loans

This is a mobile loan app in Nigeria and Kenya. Getting quick and instant loans on Branch App is so fast and easy. It will help you sort out your financial issues in real time. Branch offers loans from ₦1,500 to ₦150,000. Loan terms range from 4 – 64 weeks. Interest ranges from 14% – 28% with an equivalent monthly interest of 1% – 21%, depending on selected loan option.

  1. Palmcredit

With PalmCredit getting a mobile loan is simple. Apply for your credit limit in minutes, and 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.

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Lastly, Paylater

Paylater gives access up to 500,000 Naira loan with no collateral. Once your application is approved, funds are typically received within 24 hours. Making on-time repayments can grant you access to higher credit limits for your next loan.

One last word, please when you get access loans pay back as at when due, ‘no spoil another man business’.