{"id":3278,"date":"2018-08-28T18:02:49","date_gmt":"2018-08-28T18:02:49","guid":{"rendered":"https:\/\/pishondesigns.org\/Dbase\/?p=3278"},"modified":"2023-07-06T04:04:15","modified_gmt":"2023-07-06T04:04:15","slug":"9-top-loan-mobile-apps-in-nigeria","status":"publish","type":"post","link":"https:\/\/pishondesigns.org\/Dbase\/9-top-loan-mobile-apps-in-nigeria\/","title":{"rendered":"9 Top Loan Mobile Apps in Nigeria for 2022 – No Collateral!"},"content":{"rendered":"

Need money to run a quick project to payback later? Good. Here are 9 Top Loan Mobile Apps in Nigeria that can help you quickly get things done. These are small term loans for individuals and SMEs.<\/p>\n

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Update 1st March 2022:<\/span> These apps are updated, bigger and better.<\/span>
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Read the follow up article here<\/a><\/p>\n

1. Carbon (Formerly PayLater)<\/h2>\n

\"carbon<\/p>\n

Carbon, formerly Paylater\u00ae lets you control your finances with a few clicks. You can get instant short-term loans for urgent needs, invest money to earn high-interest rates, recharge airtime on your mobile phone, and make bill payments for services.<\/p>\n

It\u2019s fast, secure, reliable and works 24\/7. Currently available in Nigeria and Ghana. A word of caution though — if you don’t pay on time, your credit report gets damaged and it will be hard to get another loan until you pay up. But the good thing is that: Pay only what you owe. No late fees, rollover fees, or processing costs.<\/p>\n

As of 2022, Carbon is now a digital bank where you are given your own account number and everything.<\/p>\n

See a customer’s review about Carbon (paylater)<\/span><\/a><\/p>\n

USSD Code for Loans in Nigeria\u00a0<\/a><\/span><\/p>\n

2. QuickCheck<\/h2>\n

\"quickcheck<\/p>\n

This money loan app in Nigeria is a lending and credit system which is designed for small business enterprises and private individuals. With them, clients can receive instant and readily accessible funds of not more than 30,000 Nigerian Naira for a period of either fifteen or thirty days without providing any collateral in exchange. Quick Check app is available only Google Play<\/a><\/span> for now.<\/p>\n

They are quite reliable. QuickCheck loan has interest rates starting from as low as 5% monthly on the first loan. Generally, interest ranges from 2% \u2013 30%, with an equivalent monthly interest rate of 1 \u2013 21%.<\/p>\n

3. QuickTeller Loans<\/h2>\n

\"\"<\/p>\n

Quickteller is a financial service application that enables you to make online transactions like sending and receiving money, airtime, paying bills etc. The digital payments company, Interswitch<\/a><\/span> developed and maintains this application.<\/p>\n

Interswitch is a digital payments and commerce company. They facilitate electronic payments and value of exchange between individuals and organizations across Africa.<\/p>\n

Getting a loan from Quickteller doesn’t require any paperwork or collateral but can be done using your mobile phones, tablets, and laptops. You sign up by filling in your details which would include your name, email, password, and mobile number. The next step to take is to sign in to your Quickteller account, add your bank details, and then make a request for a loan.<\/p>\n

Quickteller has an option in their main banking app or their website<\/span><\/a> to request for small loans. I checked it out and it looked good. You may have to try and try again though – as the option hardly ever works.<\/p>\n

To get started simply dial\u00a0*322*6#\u00a0and follow the prompt and there are 2 options ” request loan & borrow airtime” or\u00a0visit\u00a0https:\/\/next.quickteller.com\/loan-request<\/a>\u00a0<\/strong><\/span><\/em><\/p>\n

This offer is for those who need between N1000 – N10,000 and it will be credited to your bank account once you are eligible. It NEVER works though.<\/span>
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RECOMMENDED READ: <\/span>About Kenya’s MPESA<\/span><\/a><\/strong><\/span><\/p>\n

4. <\/strong>KiaKia Loan<\/h2>\n

\"kiakia\"Though not an app, it is worthy of mention. <\/em><\/span><\/p>\n

Kiakia loan is offered by Sterling Bank. It’s a non collateral offer. The Kiakia loan comes with a new Sterling Bank account when applying. The amount you borrow will be deposited into your new account once your loan is approved.<\/p>\n

How to Apply for KiaKia Loan<\/h3>\n
    \n
  1. Visit the website and create an account with your accurate details<\/li>\n
  2. Start an application chat on the site<\/li>\n
  3. Upload a valid means of identification<\/li>\n
  4. Enter your desired loan amount<\/li>\n
  5. Choose the loan duration<\/li>\n
  6. Upload a screenshot of your last 3 salary or business income alerts<\/li>\n
  7. Accept the loan terms and conditions if your application is approved<\/li>\n
  8. Authenticate your bank account and Get credited<\/li>\n<\/ol>\n

    Currently, there is no KiaKia loan app in any of the mobile app stores. All borrowing services are conducted through their website<\/a><\/span>. They claim that this is to allow customers with utility phones to access all their services.<\/span><\/p>\n

    Things I don’t like:<\/em><\/p>\n

      \n
    1. You have to meet an agent for the loan application. (For a quick loan?)<\/em><\/li>\n
    2. You will be required to pay an application fee. It is N2500. (huh?)<\/em><\/li>\n
    3. You will need to wait for few weeks for the sterling bank account to be opened.<\/em><\/li>\n<\/ol>\n

      I’d recommend you looking at other options though, especially if you don’t want a Sterling Account.<\/em><\/span><\/p>\n