Where to Get Loans in Nigeria Online


Obtaining loans in Nigeria has become easier and faster with the help of online services. Now, you can easily apply for a loan without having to visit a bank, thanks to the Internet. Some websites and apps can provide quick loans for personal use, business purposes, or emergencies.

Where to Get Loans in Nigeria Online

This article will help you discover where to find these online loan services in Nigeria and explain how they work. You can apply for a loan from the comfort of your home, and the money is disbursed quickly. Online loans are increasingly becoming popular because of their convenience and accessibility, especially for those who may not have access to traditional banking services.

10 Platforms to Get Loans In Nigeria Online

Here are 10 of the best platforms that you can get loans in Nigeria online.


FairMoney is a platform that offers short-term loans to help cover urgent needs, bills, business expenses, and more. Their loan application process takes only 5 minutes and is accessible anytime and anywhere. They offer different packages, including personal loans, education loans, business loans, and more. Their efficient use of technology allows them to provide a speedy and hassle-free loan application process to all their esteemed customers.


OKash is a micro-lending platform that is presented by Blue Ridge Microfinance Bank Limited. It offers registered users with quick collateral-free loans, as long as they meet the requirements. The loan amount ranges from 3,000 Naira to 500,000 Naira. One of the most significant advantages of OKash is that it offers loans 24/7 and the entire process is conducted online. Users can download the app from Google Play, create their loan account in seconds, choose their preferred bank account, connect their active bank card for repayment, answer a set of questions, and get a decision on their loan application in minutes without any paperwork.


Paylater is an online lending platform that gives short-term loans to individuals and small businesses in Nigeria. It is an easy and convenient way to access funds for unexpected expenses or urgent cash needs. One of the advantages of using this platform is that you can get a loan of up to 500,000 Naira without any collateral. Once your application is approved, you can receive the funds within 1-3 business days. Also, Paylater rewards customers who make on-time repayments with access to higher credit limits for their next loan. So, if you need funds quickly and easily, Paylater is the solution for you.


The name was KiaKia is derived from a Nigerian language and means “Fast Fast”. It shows the company’s focus on providing simple, fast, effective, and efficient solutions to its customers. It is a digital money lending platform that operates in Nigeria and offers fast and direct loans to both individuals and small businesses. They use advanced technologies such as psychometry, big data, machine learning, and digital forensics to assess credit risk and determine creditworthiness. This enables them to offer loans to millions of people who have no credit history.


Renmoney is a microfinance bank in Nigeria that offers convenient online loans to individuals and businesses. They provide loans of up to 6 million Naira for up to 24 months to meet various needs such as growing your small business, renovating your home, buying a new car, paying rent, school fees, medical bills, and more. This platform prides itself on being the most convenient online lending company in Nigeria.


PalmCredit is a virtual credit card that enables you to access a loan quickly and easily from anywhere, using your mobile phone. With PalmCredit, you can borrow up to N100,000 in minutes. Getting a mobile loan with PalmCredit is straightforward. You can apply for your credit limit in minutes, and then take as many instant loans as you need without requiring further approval. When you repay your loan, your credit score is updated. So, as you repay on time, you can watch your credit limit grow to N100,000.


QuickCheck is a modern lending platform that offers financial credit to individuals as well as small businesses. The platform utilizes mobile technology to provide quick and easy access to loans without requiring any collateral. Users are eligible to borrow up to 30,000 Naira for a duration of either 15 or 30 days.


Aella is a company that is creating platforms to enable access to financing for individuals in Africa. They focus on employee lending and empowerment. To provide quick and affordable loans with no paperwork to their customers, the company has been affiliated with three main credit bureau agencies in Nigeria. They make use of a proprietary credit scoring algorithm to determine the creditworthiness of their users.


Branch is a leading loan app in Nigeria with over 10 million downloads. They offer fast online loans with a repayment period of 61 – 180 days. Their cash loans range from ₦2,000 to ₦500,000 and are easily accessible through the Branch app. You do not also need documentation to get the loan.


Carbon is a loan financing app that operates in Nigeria that helps customers purchase necessary commodities by paying for them in installments at a later date. You will need to pay an initial deposit of 25% of the product price before the purchase can be completed. The repayment period is between 3 to 6 months.


There are various platforms where you can get quick loans online, however, it is advisable to review their Terms & Conditions (T&C) carefully before applying. One other factor that should not be overlooked is the interest rate and payback period. As a business, it is crucial to avoid loans with a very short payback period, unless you are confident that you will be able to generate enough revenue to repay the loan on time.

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