Best Loan Apps In Nigeria With Lowest Interest Rates


Do you urgently need money to pay rent, school fees, medical bills or start your own business?

Are you searching online for how to get money instantly, best mobile apps to borrow money, best loan applications in Nigeria or loan apps with lowest interest rates?

Today is your lucky day!

In this post, I will be showing you the best loan apps in Nigeria with the lowest interest rates.

Trust me, the approval rate on the loan applications mentioned here is 99.9%. That means you have a very high chance of getting your loan approved. And you don’t have to worry about high interest rates or having your character (reputation) damaged when you default for a few days.

You can borrow money from these apps without their customer care agents texting or calling your people and telling them you’ve duped them when you default for some days.

That way, you can still have your peace of mind while you hustle and look for means to repay your loan.

Top Loan Applications With The Lowest Interest Rates And Fastest Approval On Google Play Store

Below are the cheapest loan apps in Nigeria with 100% approval rate.

1. JumiaPay

The first loan app on our list is JumiaPay. The app is a product of Jumia, Nigeria’s largest online shopping mall.

JumiaPay was designed to enable customers pay for goods and services on the Jumia platform. Along the line, the company thought it wise to start offering loan services on the same app.

JumiaPay in partnership with Quickchecks Nigeria is giving out loans of up to N100,000 to users.

All you need to do is download the app on Google Play Store, register on it and apply for a loan of any amount on it.

In less than 10 minutes, your loan will be approved and disbursed to your bank account.

JumiaPay has the lowest interest rate in Nigeria presently. The approval rate is also the fastest.

Everyone, regardless of their financial strength, can get a loan on JumiaPay!

2. FairMoney

If you value your peace of mind and reputation when it comes to borrowing money from loan mobile apps, make FairMoney your “go-to-place” for loans.

Again I say, if you truly value your peace of mind and reputation, let FairMoney be the number 1 app  you go to when you need to borrow money. Trust me, you won’t regret it. I speak from experience.

Interestingly, the mobile app is also available for Indian users.

Simply download the mobile app from Google Play Store and apply for any amount you want on it. The approval rate is 99.9% and the interest rate is super low compared to several other loan applications on Play Store.

3. Kashkash

Kashkash may not be as popular as the first two loan apps mentioned here, but trust me, the mobile app is definitely one of the best micro credit mobile apps you will come across on Play Store.

Not only is the interest rate very low, it also has one of the fastest approval rate in Nigeria as of this moment.

One of the most exciting things about Kashkash is that their customer care agents are very friendly, always ready to speak to you politely and resolve whatever issues you are having.

You don’t have to be scared of having your reputation damaged if you ever default for some days, none of such will ever happen. But that doesn’t mean you shouldn’t work hard and pay back your loan on time.

4. EasyCredit

Imagine a loan mobile application with customer service that truly listens, low interest rates and 99.9% approval rate. That is EasyCredit for you!

Just like the name suggests, EasyCredit makes it super easy for you to access micro loans of up to N100,000 without any form of collateral.

You can start from borrowing small amounts and build up your credit history as you repay them on time.

5. Palmcredit

Palmcredit is unarguably one of the best loan mobile applications to quickly borrow money. No wonder it already has over 1 million downloads on Play Store.

The app has a very tight security, a fast approval rate and a very nice customer support service.

The only challenge is that the interest rate is higher than that of every other app listed here. However, you can be sure that your contacts will not be texted with negative stories about you if for any reason you couldn’t meet up repaying your loan on the due date.

If you ever need help using the app, feel free to contact their customer care service. Your issues will be resolved as soon as possible.

6. Carbon

Carbon is also one of the top 10 loan mobile applications you should consider if you need money urgently.

The app is highly rated on Play Store and social media platforms.

7. Branch

This mobile app is owned by Branch International, a very reputable financial organisation that operates in the US, Nigeria, Kenya, Tanzania and India.

You’ll find their interest rates very friendly.

In Summary

I wrote this guide to assist those searching online for best loan applications with the cheapest interest rates.

Have you been searching on Google for mobile loan applications to borrow money instantly?

You’ll find the apps listed here very helpful.

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