Loan apps that give up to 50k & 100k in Nigeria

Read all about Loan apps that give up to 50k & 100k in Nigeria.

These days there are numerous apps that will offer you small loans without any paperwork or collateral. Usually all you have to do is register on the app by providing all the required details, and you can then apply for a loan.

The loan apps will show you the amount of money that you can get as loan, the interest that you will have to pay and also the duration.

Some of these loan apps will offer you little amounts as your first loan, and as you pay back on time, you can get higher loans overtime.

If you are looking for apps that can give you up to 50k and 100k loan, then you will need to continue reading this post.

Remember to leave us a comment after you finish reading and also share with your friends on social media.

Let’s get into it then…

Read my post on Palm credit loan in Nigeria

Loan apps that give up to 100k in Nigeria

Branch loan app

Branch offers loans from ₦2,000 to ₦500,000. Loan terms range from 9 – 52 weeks. Interest ranges from 17% – 40% with an equivalent monthly interest of 1.5% – 20% and APR of 18% – 260%, depending on your loan option. No collateral is required and interest rates are determined by a number of factors, including your repayment history and the cost of lending for Branch.

You can borrow money using the Branch lending app starting from N1000 and as much as N200,000.

Carbon loan app

Carbon which was formerly known as paylater, allows you access to loans of up to 1,000,000 naira with no collateral, no guarantors and no paperwork. You can also get cashback on interest paid once you repay on time.

To get started, you will need to download the Carbon app from Google Playstore or iOS app store and create an account. After creating your account, you can apply for your desired loan and once it is approved, it will be sent to your bank account.

Repay on time and unlock higher loan amounts and lower interest rates.

Fairmoney loan

Loan amounts on Fairmoney range between ₦1,500 to ₦1,000,000 with repayment periods from 61 days to 18 months at monthly interest rates that range from 2.5% to 30% (APRs from 30% to 260%).

You need an Android phone and a BVN. That’s all! Download the FairMoney app from the Google Play Store.

Sign up with the phone number linked to your BVN, answer a few questions and confirm your identity to receive a loan offer. If you accept it, you will receive your loan instantly in your preferred bank account.

Palm Credit loan app

Palm credit is another loan app where you can get loans from 10,000 naira to 300,000 naira for a duration of 90 days – 365 days.

Palmcredit’s monthly interest rate ranges from 4%-4.7% while Loans Interest Rate ranges from 14%-24%. The Annual Percentage Rate (APR) on a Palmcredit loan is 48%-56%.

To get a loan from this app, you will need to download the app from Google playstore and register with your phone number, bank verification number, phone number and more.

You can request for a loan and get t paid to your bank account in just a few minutes.

Quick check loan app

Quickcheck is a loan app that grants you quick loans without the need for paper work or any collateral. To get a loan on quick check, you just need to download the app, which is available only on android and apply for a loan.

According to the website, they use machine learning to predict borrower’s behavior and instantly evaluate loan applications.

You can borrow from ₦1,500 to ₦500, 000.  But at your first attempt, you will be unable to borrow big figure. You borrow small then as you pay back you get a bigger offer next time.

Aella Credit loan

Read my post on Salary advance loan in Nigeria

Aella Credit allows you to access loans of up to 1,000,000 naira in just 5 minutes. The loan requires no collateral or paperwork.

To get a loan, you will need to download the app which is available on Android and iOS, create an account by providing all the required details, answer a few questions and apply for a loan.

If your loan is approved, the money will be disbursed into your bank account.

This Loan platform also rewards you for repaying your loans on-time.

Frequently asked questions (FAQs)

Which app can offer loan without bvn?

All loan apps require you to provide your BVN before you can get a loan.

Which loan app can borrow me up to 50K?

Branch loan, Quick check, Fairmoney loan app, aella credit etc.

Does Fairmoney ask for BVN?

Fairmoney requires you to provide your BVN

Summary

With the above, you should now know all the loan apps that can give you 50k & 100k in Nigeria and more. If you need help or you have questions, you can visit our contact us page or leave us a comment and we will get back to you as soon as possible.

Conclusion

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