10 Best Loan Apps on Playstore: With the many financial obligations that come along with life, getting a loan is one of the ways to meet that commitment is to collect a loan from either a bank or an organization. The process of accessing quick loans in banks is always quite lengthy and tedious.
If you are in need of financial support, read through this article 10 Best Loan Apps on Playstore, carefully for information on the 10 Best Loan Apps on Playstore 2021 for Financial Support
Who thought it was going to be so easy to get loans online with Loan apps in ? What if I told you that you can grab quick online loans in Nigeria instantly without collateral would you agree? Mobile loan apps in Nigeria and their loan sites can help you meet your personal loan or small business loans need.
Most often, many individuals and business owners might need some extra cash to in handling some financial issues around them. In times like this when all means of getting money have been exhausted, the best alternative is to consider getting a quick and easily affordable loan online.
We all have that one time in our lives that we would need money urgently maybe for some personal use or for some other things that come and needs some funds to pull through and getting a quick loan might be the fastest way.
How do I get a Loan?
Get a loan by trying out the mentioned loan apps in this guide. Whether it’s something we planned for or not, unexpected/emergency usually sufficed and we need to bridge the cash flow gaps, you are not alone, loans can come in handy to help you in this kind of situation.
These loan apps can be suitable for a variety of purposes either for personal or business; it can be accessed by anyone, as a student, employee, business owner or self-employed.
1. PalmCredit
is one of the best loan Apps. With the PalmCredit app, loans can be accessed in minutes without collateral. PalmCredit is powered by Transnet, its subsidiaries are Palmpay and Palmsave.
With the PalmCredit app, you can get a loan ranging from N15, 000 to N100,000. Paying your debt on time will increase your credit limit. Hence, you would be able to borrow a higher amount when next you apply for a loan. You can also request an airtime loan on PalmCredit when you run out of airtime.
How to Apply For PalmCredit Loan
- Download the PalmCredit loan app from the Google Play Store on your mobile device.
- Provide your phone number, make sure it is active and functioning because a code will be sent to the number for verification.
- Fill out a form where you will be asked to provide your name, surname, date of birth, gender, and .
- Provide your bank account details.
- Provide your education and employment information.
- You would receive a congratulatory message from PalmCredit and your requested loan amount will be sent to your bank account.
2. FairMoney
Launched in March 2018, is one of the leading online lending platforms. Lending over one thousand loans daily, FairMoney has helped organizations and individuals get to their financial goals. With FairMoney you get access to instant loans without collateral with little interest. Customers can get access to amounts as high as 150, 000. Paying back your loan on time would give you a chance to enjoy flexible interest rates.
How to Get a Loan on Fair Money
- Download the Fair Money Android app from the Google Play Store.
- Sign Up using your phone number or Facebook profile.
- Create a profile.
- Submit an application.
- Then wait to receive money in your bank account within minutes
3. Quickcheck
Quickcheck is another fascinating loan app. It was built to help Nigerians with our banking needs.
With Quickcheck, you can get up to N30, 000 at an interest rate as low as 1% per day and approval can be done in less than 24 hours.
Quickcheck app doesn’t allow its first-time users to borrow more than N10,000, paying your loan on time will increase your chances of collecting a higher amount.
How to Apply For Quickcheck Loan
- Download the Quickcheck app from Google Play Store.
- Next, you can sign up using your Facebook information.
- Fill out some information after signing up.
- You would be asked for your purpose of borrowing the money.
- After filling out the necessary information click on ‘Submit’ and you would get your loan within minutes.
4. Alat
Alat loan is another online lending platform. With Alat, you can get a loan as high as N200,000 without collateral. Alat is a multipurpose app, you can pay bills, buy airtime and do a lot more with it.
Alat is sponsored by Wema Bank. Alat recently won an award at ‘Prestigious World Finance Digital Banking Awards’ as the “Best Mobile banking app“ and “Best Digital Bank for 2017″.
How To Apply For A Loan From Alat
- Download and install the Alat app from the Google Play Store using your mobile phone.
- Sign Up for a new account.
- Click on ‘Loan’ on the menu.
- If you have the requirements for the proposed loan Alat will send you the requested amount into your Alat account.
5. Branch
Branch is another amazing loan app. Its services are spread across different countries like Kenya, Tanzania, Mexico, and Nigeria. Getting a loan from Branch doesn’t require any collateral.
The interest rate varies as it depends on your bank history and length of repayment. Monthly interest rates typically range from 1 to 21%.
The loans Branch gives can be divided into sub-categories such as Medical Loan, Travel Loan, Business Loan, Personal Loan, and Emergency Loan. Branch can also give you a loan if you are in dire need of money.
How to Apply For a Loan From Branch
- Download the Branch loan app from Play Store.
- Fill in the required information.
- After you must have logged in to the Branch Loan app, click on the menu at the top left corner.
- Click on ‘My Loans’.
- Enter the amount of money you intend to borrow and also enter the duration of time you want the loan.
- Click on the name of the bank with which you own an account with.
- Click on ‘request this loan’.
- Click on apply and wait for your Branch Loan to get into your account within minutes.
6. Quickteller
is one of the biggest transaction processors in Nigeria. Quickteller recently introduced a platform where people can get a loan without the stress of paperwork or collateral.
If you want a huge loan then Quickteller might not be for you, Quickteller loan typically ranges from N1,000 to N10,000 and must be paid back within 14 days with an interest rate of 15%.
How to Apply For Quickteller Loan
- Sign Up to Quickteller
- After signing up, click on ‘Request Loan’ on the left side of the screen.
- Enter your desired loan amount.
- Next, put in your account details and click on ‘Continue’.
- Enter your card information.
- Finally, click on ‘Accept Offer’.
- Alternatively, you can request a loan from Quickteller
by dialing *322*6# on the phone number that you used during your Quickteller registration.
7. Aella Credit
is a company that offers a short-term loan. Aella Credit offers loans to people who are not registered in their company. However unregistered clients (out-network) will not be able to get more than N90, 000 unlike the registered (in-network) who will be able to borrow up to N720,000. Aella Credit does not charge a late payment fee and has a fair interest rate for registered customers.
How to Apply For Aella Credit Loan
- Download the Aella Credit app from Google Play Store.
- Enter your name, email, and phone number.
- Next, enter your bank details and employee ID.
- Provide information about your next of kin.
- Aella Credit will approve your application within minutes. Take note that you have to pay a processing fee of N30.
Other Reads:
8. Paylater
Paylater is another online lending platform that gives Nigerians the opportunity to get a loan within minutes. Paylater is sponsored by ‘One Finance & Investments Limited’.
You don’t need a guarantor and you also don’t need to pay an application fee. There is a limit of N10, 000 for first-time users of the app. When you pay back your loan on time you stand a chance of getting a higher amount of loan the next time you apply.
How to Apply For Paylater Loan
- Firstly, download the Paylater app on the Google Play Store.
- Fill in the required information.
- Choose the amount you want to borrow.
- Add the Paylater card setup.
- Submit your to get a loan within minutes.
9. SokoLoan
is one of the best loan apps. The loan term ranges from 7 to 190 days with an equivalent monthly interest rate of 3% to 29% and APR of 29% to 365%.
You can get a loan from N5,000 to N100,000. You cannot be offered a large amount of money at your request; you can only get a decent amount of money when you repay your outstanding loan on time.
How to Apply For SokoLoan Loan
- Download the SokoLoan mobile app from Google Play Store.
- Sign Up and fill out all the required information
- Click on apply for a loan
- Choose the amount, repayment date, and other necessary information
- Submit your application.
10. CreditVille
CreditVille is among the best loan apps on Playstore. Creditville offers cash loans (For Salary Earners & Business Owners) to meet urgent needs on any aspect needed.
It is so good at CreditVille that if you need a Vehicle loan to get your preferred choice of vehicle, you can get that done at CreditVille. You can get loan offers between N100,000 to N4,000,000 at CreditVille for up to 18 months without collateral to be able to meet their financial needs.
Creditville Limited’s Payday Loan in Nigeria is a quick loan for salary earners and with you can also get Salary Loans and they are fast and stress-free.
When applying for a loan, you should take the due diligence of checking through the interest rate, the loan tenor and lastly there is nothing like free loans anywhere, make sure you are only applying to the fast cash loans, if you really need it.
With the above list of the 10 Best Loan Apps on Playstore, we believe getting a loan won’t be difficult for you. Why not subscribe for other information about financial supports, you can as well share with your friends by clicking the share button on this website.
StudentsandScholarship Team.
Be the first to comment