So you need a loan, and you need it very fast? In a world that moves at the speed of a click, financial needs often require immediate attention. Whether it’s an unexpected medical expense, a home repair, or an opportunity that can’t wait, the urgency for quick access to funds is a common concern. Fortunately, technology has made the financial landscape more evolving, giving rise to a ton of loan apps in Nigeria.

Yet, the hitch with many of these apps lies in their time-consuming processing and disbursement timelines, which often seem out of sync with the urgency of the expenses at hand. That said, there are a few loan apps out there that approve and disburse loans to bank accounts within minutes. These loan apps can be classified as the fastest loan apps in Nigeria. In this post, we will be exploring some of these apps.

Best Instant Approval Loan Apps in Nigeria

Below are the top loan apps that can give you loans immediately in Nigeria:

1. Fairmoney:

With over 10 million downloads recorded from the Google Play Store alone, Fairmoney has proven to be the go-to option for loan seekers in Nigeria. This app is not just a loan app, but also a microfinance bank. Fairmoney offers loans within 5 minutes with no documentation or collateral required. Loan amounts can range from N1,500 to N1,000,000 with repayment periods from 14 days to 360 days. To get started, simply download the Fairmoney app on the App stores, and submit the required details.

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2. Branch:

app that gives loan immediately

Branch is another widely used app that is known for fast approvals and disbursals. They offer loans up to N2 million with repayment periods ranging from 1 month to 60 months. Their app has over 10 million downloads and a 4.6-star rating out of 5. Branch is a trusted app that operates under the license of the Central Bank of Nigeria. You just need to meet the requirements, and you will get your money in minutes.

3. Carbon:

Formerly Paylater, Carbon provides instant loans that could range from N2,000 to N1 million with minimal documentation. Disbursement can happen within minutes upon approval. They have over 1 million downloads and a 4.4-star rating. The Carbon app is available on both the Google Play Store and the Apple App Store.

4. QuickCheck:

QuickCheck uses machine learning to assess loan applications, leading to approvals and disbursals within 5-10 minutes. Loan amounts range from N1,500 to N500,000 with terms from 30 days to 1 year. Their app has over 1 million downloads and a 4.5-star rating. QuickCheck is also a partner of JumiaPay and disburses loans also through the JumiaPay app.

5. Kuda Overdraft:

This list of fastest loan apps in Nigeria would not be complete without Kuda’s overdraft making the cut. Although not traditionally a loan app, Kuda allows its users the added privilege of spending beyond their normal account balance. Here there are no wait times, the money is always in your account and all you need do to be able to spend it is use up your normal account balance. Unlike some loan apps with hidden charges, Kuda keeps things crystal clear. You’ll know exactly what your daily interest rate is and how much you’ll owe before making any transactions.

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6. Aella Credit:

Aella Credit is a top licensed loan app in Nigeria. It offers competitive rates and flexibility, making it a good choice for borrowers. With over 1 million downloads, Aella Credit gives loan amounts of up to 1 million naira with a repayment period of 1 – 3 months. Aella stands out for its affordability, boasting some of the market’s lowest interest rates with a transparent flat fee structure. Their loan app-based process is swift, with approvals and disbursals often within minutes. For a smart, affordable loan without compromising speed or convenience, Aella Credit is the ideal choice.

7. Migo:

For small money hiccups, Migo is like a helpful pocket superhero. No need for long forms or big amounts – Migo is all about little loans, starting from just N500. Great for a sudden flat tire or urgently needed groceries. You pay it back on your next payday, making it a fast and easy way to cover small gaps. If you’re lucky, you might get approval and the money within minutes! Just keep in mind, Migo is best for small, urgent needs. If you have a bigger money challenge, consider other options on this list.

8. Newcredit

Newcredit wants to be your go-to app when you need a quick loan. Forget about paperwork and collateral – Newcredit is all about fast approvals and getting money into your phone within minutes. You can borrow up to N300,000 with flexible repayment periods from 14 days to 365 days. It’s like a financial first responder for unexpected medical bills, appliance breakdowns, or sudden opportunities that can’t wait. Even though the interest rates might be a bit higher than some others, Newcredit’s simplicity and speed make it a reliable choice for fast financial solutions when time is crucial.

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9. Renmoney

Renmoney isn’t just for small, urgent needs. It caters to bigger financial aspirations with loans up to N6 million and repayment periods stretched over two years. This makes it a solid choice for debt consolidation, business expansion, or tackling larger unforeseen expenses. While instant approval isn’t guaranteed, Renmoney offers a more traditional loan experience with potentially higher loan amounts and longer repayment terms compared to the typical “5 minutes to your bank account” apps.

10. LinkCredit

Although without a CBN license, LinkCredit focuses on providing quick and convenient access to funds for users of all financial backgrounds, including the “unbanked” and “underbanked” who might struggle with traditional loan options. Although they might not offer you up to the amount you can get with Fairmoney and its like, you can still get up to 100k using this app. LinkCredit repayment terms are within 2 weeks to 1 month, and their interest rates can be higher than the others on this list.

Get a Loan Immediately After Application

With the above-listed fast approval loan apps, you can get funds deposited into your bank account within minutes of applying. No more waiting hours or days to get a loan; the financial world has evolved to cater to your urgency. Choose the app that best aligns with your needs and experience the ease of quick access to funds.


Many loan apps change their interest rates and repayment terms over time. Always review the terms and conditions carefully before downloading any loan app. B4loan doesn't promote any loan app, we just help you make informed decisions.

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