Creating a comprehensive list of all loan apps in Nigeria by fintechs is a challenging task due to the rapidly evolving fintech landscape, the sheer number of players, and the lack of a single, up-to-date public registry that includes every app. However, Here is a detailed list of some of the most prominent and widely recognized loan apps in Nigeria operated by fintechs in 2025, based on available information and their popularity across the continent. This list focuses on apps that are either fully approved or conditionally approved by the Federal Competition and Consumer Protection Commission (FCCPC) where applicable, as well as those commonly mentioned in the Nigerian fintech space. Note that some apps may operate under parent companies or microfinance banks, and new ones may emerge frequently.
List of Notable Loan Apps in Nigeria by Fintechs
- Carbon (by Carbon Microfinance Bank)
- Offers instant loans ranging from ₦2,500 to ₦1,000,000 with repayment terms from 61 days to 12 months. Known for its Buy Now Pay Later (BNPL) feature and digital banking services.
- FairMoney (by FairMoney Microfinance Bank)
- Provides personal loans up to ₦3,000,000 and SME loans up to ₦5,000,000, disbursed in minutes without collateral. One of the most downloaded fintech apps in Nigeria.
- Palmcredit (by Newedge Finance Limited)
- Offers collateral-free loans up to ₦300,000 with repayment terms from 14 days to 180 days. Popular for its ease of access.
- Branch (by Branch International Financial Services Limited)
- Provides loans from ₦2,000 to ₦500,000 with repayment periods of 61 to 180 days. Known for quick approval and no paperwork.
- Aella Credit (by Aella Financial Solutions Limited)
- Now a microfinance bank, it offers loans up to ₦1,500,000 with interest rates between 2% and 20% monthly. Focuses on instant and employee loans.
- Okash (by Blue Ridge Microfinance Bank Limited)
- A lending arm of OPay, offering short-term loans with quick disbursement. Popular for its mobile-based accessibility.
- QuickCheck (by Arve Limited)
- Provides loans from ₦1,500 to ₦500,000 using a tech-driven approach, targeting underserved consumers and micro-businesses.
- Renmoney (by Renmoney Microfinance Bank)
- Offers personal and micro-business loans from ₦50,000 to ₦6,000,000 with repayment terms up to 24 months.
- Kuda (by Kuda Microfinance Bank)
- Primarily a digital bank, it offers personal loans and overdrafts to account holders based on eligibility checks.
- Sycamore (by Sycamore Integrated Solutions Limited)
- Provides loans for individuals and businesses, requiring a verifiable income source. Certified by the Nigeria Data Protection Commission.
- EaseMoni (by Blue Ridge Microfinance Bank Limited)
- Another OPay-affiliated loan app offering instant loans with flexible repayment options.
- Xcrosscash (by Xcrosscash Nigeria Limited)
- Offers loans between ₦10,000 and ₦50,000 with repayment terms from 91 to 180 days.
- Umba (by Umba Microfinance Bank)
- Provides loans with a focus on financial inclusion, launched in Nigeria in 2021.
- CredPal (by CredPal Nigeria Limited)
- Offers consumer loans and BNPL services, allowing users to pay in installments.
- Kiakia (by Kiakia Bits Limited)
- A peer-to-peer lending app providing instant loans with competitive rates.
- Moniepoint Personal Banking (by Moniepoint Microfinance Bank)
- Primarily a business-focused fintech, it also offers personal loans to users.
- PalmPay (by PalmPay Limited)
- While known for payments, it collaborates with lenders to offer loan services through its app.
- Newcredit (by Newedge Finance Limited)
- Another offering from Newedge, providing quick loans similar to Palmcredit.
- Ease Cash (by Futurecrest Internet Technology Limited)
- Offers loans from ₦1,000 to ₦200,000 with a maximum APR of 14%.
- Lendigo (by Lendigo Nigeria Limited)
- Focuses on SME loans but also provides personal financing options.
- Fast Credit (by Fast Credit Limited)
- Offers loans tailored to both individuals and businesses with quick approval processes.
- Petra Loans (by Petra Microfinance Bank)
- Provides digital loans under a microfinance banking license.
- Sparkle (by Sparkle Nigeria)
- A digital bank offering loans alongside other financial services.
- Lcredit (by Grola Tech Credit Limited)
- Offers instant loans with a variety of repayment plans.
- TruNaira (by Grola Tech Credit Limited)
- Another loan app under Grola Tech, focusing on quick access to funds.
- Nexim Finance (by Nexim Finance Limited)
- Provides loans with a focus on accessibility and transparency.
- Swiftkash (by Swiftkash Nigeria Limited)
- Known for short-term loans with rapid disbursement.
- 9Credit (by 9Credit Nigeria Limited)
- Offers loans with flexible terms, popular among younger users.
- Lioncash (by Grola Tech Credit Limited)
- Provides loans with a focus on ease of use and quick approval.
- Cashlion (by Grola Tech Credit Limited)
- Another offering from Grola Tech, targeting instant loan seekers.
Notes:
- Regulatory Status: Many of these apps are approved by the FCCPC or operate under microfinance bank licenses from the Central Bank of Nigeria (CBN). However, some may have conditional approval or be under review, so always verify their current status before use.
- Emerging Apps: New fintechs and loan apps emerge regularly, and some may rebrand or operate under different names. Examples like “Luckyloan,” “Ritecash,” or “Nawabox” exist but may not be as widely recognized yet.
- Blacklisted Apps: Some apps (e.g., EasyCredit, KashKash, GoCash) have been blacklisted or flagged in the past for unethical practices. Avoid apps not explicitly approved by regulatory bodies unless thoroughly researched.
- Scope Limitation: This list is not exhaustive due to the fluidity of the market, but it covers major players and some lesser-known apps as of early 2025.
For the most current and complete list of Loan apps in Nigeria by Fintechs, I recommend checking the FCCPC’s official website (fccpc.gov.ng) for their updated registry of approved digital money lenders or exploring app stores like Google Play for user reviews and download stats. The Nigerian fintech space is dynamic, so staying informed through reliable financial blogs or news outlets can also help you track new entrants.
