Getting a loan in Nigeria has become easier than it used to thanks to the power of technology. With the numerous loan apps available to us in our various devices’ App Stores, we can quickly borrow money from wherever we are in the country. But what if you are looking for a tangible sum, say a 100,000 naira loan, are there loan apps that can give you that much for the first time? This post takes a look at your options.

Here, we’ll take a look at loan apps in Nigeria that can borrow you up to 100K. We’ll cover:

  • Top loan apps in Nigeria that offer you up to 100,000 naira loan
  • Factors you need to consider before choosing a loan app
  • The loan application process
  • FAQs about loan apps in Nigeria

Without any waste of time, let’s kick off the proceedings:

Loan in Nigeria

Top 9 Loan Apps for 100k Loans in Nigeria

Here are some of the top loan apps in Nigeria that can offer you up to 100k loan for the first time:

1. Umba

Umba gives loans of up to 300k. It is one loan app that can lend you 100k for the first time if they think you are worth the risk. After you apply, they take a look at the volume of transactions that have occurred in the bank account you will be connecting to their app. If that account has incurred fewer transactions, your chances of getting that 100k will be slim. It is recommended that you link a bank account with lots of transaction history to improve your chances. The Umba app is available for download on the Google Play Store and the Apple App Store.

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2. Renmoney

Renmoney, a trusted microfinance bank, is another loan app that is capable of giving out 100k loans to users with good credit scores. Their loans come with low interest rates plus you get enough time to repay. After applying for a loan, Renmoney checks your credit history including your bank statement, and lets you know their decision in less than 24 hours. If approved, the money is deposited into your account immediately. Download the Renmoney app from the Google Play Store or the Apple App Store to get started.

3. Carbon

Carbon offers loan amounts of up to ₦1,000,000, depending on your creditworthiness. They are a good option for first-time borrowers seeking a 100k loan as they consider various factors beyond just credit score. However, their interest rates can be higher compared to other options. If you are in for it, download the Carbon app from the Google Play Store or the Apple App Store.

4. Fairmoney

Although many users have complained that Fairmoney’s interest rates are usually high, they are still one of the very few loan apps capable of offering big loan amounts to qualified customers. Users can even build their credit limit to over 100k over time if they keep repaying on time. Fairmoney remains one of the most popular loan apps in Nigeria based on user downloads.

5. Branch

Branch provides short-term loans with increasing limits for responsible borrowers. Although they may not offer you up to a 100k loan, they can give you something close to that with a good credit score. And with consistent use and on-time repayments, you can unlock higher limits. The Branch app is available for download on the Google Play Store or the Apple App Store.

6. Aella Credit

Aella Credit is known for its quick disbursal of loans. They claim to offer up to 1 million naira in a single loan. While you may not receive such a large amount, obtaining a loan of 100k from them for the first time is very possible with a good credit score. Aella loans require no paperwork, no collateral, and no initial fees. You receive the exact amount you see, and you pay the agreed-upon sum. There are no extra charges or hidden fees, and they even reward you if you make your repayment on time. Aella app is available for download on the App Store.

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7. Kiakia

Kiakia is not like your normal loan app. It is more of a P2P lending platform where one user lends another user the money he/she needs with KiaKia themselves overseeing the whole transaction to make sure it goes smoothly. A few persons have reported getting a loan of 100k or more from this site, so we had to include it on this list. If you are in urgent need of a loan of up to 100k for your business, Kiakia can be that app that bails you out.

8. Irorun

Irorun may not give you up to that 100k loan you are looking for, especially for the first time, but they can give you something close to that. The loan app whose name means “peace of mind” in Yoruba, targets those seeking short-term loans to address immediate financial needs. Their interest rate is reasonable, and they even disburse fast. Search for the app on the App Store if you are interested in applying.

9. Palmcredit

Palmcredit is the last loan app on our list. It is owned and operated by Newedge Finance limited, a registered financial institution in Nigeria. Palmcredit can lend you 100k loan at a go, however, they would first need to check your credit record.

Factors to Consider Before Choosing a Loan App:

Before you decide to go for any loan app, there are various things you need to take into consideration. They include:

  • Interest Rates: Compare interest rates offered by different apps. Remember, a lower interest rate means you pay less overall for the loan.
  • Loan Repayment Terms: Pay close attention to the repayment period and any applicable fees. Make sure you can comfortably repay the loan within the stipulated timeframe.
  • Eligibility Requirements: Each app has its own eligibility criteria. Make sure you meet the requirements before applying to avoid wasting time.
  • Customer Reviews: Read reviews from other users to get an idea of the app’s ease of use, customer service, and overall experience.
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Loan Application Process:

Most loan app application process typically involves downloading the app, creating an account, and providing basic information like your BVN, bank account details, and employment information. Once submitted, the app will assess your eligibility and inform you of their decision.

FAQs about Loan Apps in Nigeria:

Q: What documents do I need to apply for a loan?

A: Loan application requirements vary depending on the app, but generally include basic information like your BVN, phone number, and bank account details. Some apps may require additional documents like your ID or proof of income.

Q: How quickly can I get a loan?

A: Many loan apps offer instant or same-day loan approvals, but processing times may vary depending on the app and your individual circumstances.

Q: What happens if I can’t repay my loan?

A: Failing to repay a loan can lead to late fees, penalties, and potential damage to your credit score. It’s important to borrow responsibly and ensure you can meet your repayment obligations.

Get 100k Loan in Nigeria

And there you have it! The list of loan apps that can offer you up to 100,000 naira loan in Nigeria. While these loan apps are capable of lending you the said amount, your chances of getting that much greatly depend on your credit history. If you have been a chronic defaulter in the past, you may only qualify for a lesser amount.

Remember: Loan apps can be a helpful financial tool, but it’s essential to use them responsibly and make informed decisions. Always compare offers, understand the terms, and borrow what you can afford to repay on time.


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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