Loan in Minutes in Nigeria 2024: Top 10 Offers & How to Apply

  • November 19, 2023

Are you in a financial bind and need a loan in minutes in Nigeria? Well, this Loan is a new and innovative way for individuals and small businesses to access loans quickly and easily.

With the advent of digital technology, lenders are now able to offer loans through online platforms, making the process of applying for and receiving a loan faster and more convenient than ever before.

The loan in minutes concept is simple: borrowers can apply for a loan online and receive an instant decision, with funds disbursed to their account in less than 15 minutes.

This approach is particularly beneficial for small businesses, which often struggle to access credit through traditional lending channels, as well as individuals who need to sort unexpected expenses.

So, if you fall in any of the above categories, this comprehensive guide will light your path in the often confusing landscape of quick loans, helping you navigate your way to the best loan apps that deliver cash faster than a heartbeat.

So, without any further ado, let’s get started!

10 Apps That Give Loans in Minutes in Nigeria 2023

There are many loan apps that give loans in minutes in Nigeria. Nairarush has researched and curated 10 of them, and they include:

1. Carbon

Carbon is a legit lending app that gives loans in minutes with low interest rates in Nigeria. Without any collateral, guarantor, or documentation, individuals and small business could access loans ranging from 1,500 to 1 million Naira on the app.

The Carbon app also serves online banking services such as savings, money transfers, and lots more. Loan tenor on Carbon ranges from 1 to 6 months with flexible repayment options.

Check Out: List of New Loan Apps in Nigeria

2. Fairmoney

Fairmoney is one of the best and most popular lending apps in Nigeria that gives loans without documentation or collateral. Upon that, both as a new or existing user, you can get access to a loan in minutes in Nigeria on this app.

You can just download the Fairmoney app, sign up, add your personal details, and apply for a loan which will be disbursed into your Fairmoney account in less than 5 minutes. You can transfer the money into your bank account, or use it to pay online such as buying airtime, paying bills, and so on.

Fairmoney loan also comes with flexible terms, as the tenor goes up to 18 months, and the loan amount ranges up to 1 million Naira, with a very low interest rate.

Related: Top 15 Loan Apps with Low Interest Rates

3. Branch

Branch is one of the most popular lending apps that provide an online banking platform alongside an amazing loan in minutes service to Nigerians.

Using the Branch loan app, you can get an urgent loan with low interest rate in Nigeria. The platform also offers flexible repayment methods for loans.

Branch offers personal loans ranging from 2,000 to 500,000 Naira in minutes. The app also offers an amazing loan tenor which usually ranges from 62 days to 1 year.

4. PalmCredit

PalmCredit is another loan app that offers an instant loan in minutes in Nigeria. This app has been in the Nigerian lending market for long, and it has lots of downloads online.

On palm credit, you can access relatively huge loan amounts with fair interest rates ranging from 14 to 24 percent. Just like the loan apps above, you do not need to submit any documentation, collateral or guarantor to get your loan approved on PalmCredit.

See Also: Best Loan Apps That Don’t Require BVN in Nigeria

5. QuickCheck

Loan in minutes in Nigeria

With QuickCheck, no collateral, documentation or guarantor is needed to get an urgent loan in minutes in Nigeria. That simply means, there are no long queues, and no long wait times to get your loan disbursed into your account once approved.

QuickCheck loans come with flexible terms, fair interest rates, flexible payment methods, and long tenors. QuickCheck is also very reliable, as it has over a million downloads on the google play store with lots of positive reviews.

On the app, you can get access to instant loans worth up to 1 million Naira.

6. Specta

Owned by Sterling Bank, Specta is a popular lending app where individuals can access a personal loan in minutes in Nigeria. This app also offers business loans to entrepreneurs, and no collateral or guarantor is needed to get the loans approved.

Specta loans can be accessed through their website. Individuals can access personal loans ranging up to 5 million Naira on Specta. You can also apply for, and get a credit card as a form of loan from Specta. All these are processed very fast.

Read Also: Top Loan Apps That Don’t Require ATM Card in Nigeria

7. Aella Credit

loan in minutes in Nigeria

Aella Credit is another transparent loan app that gives loans in minutes in Nigeria. On this app you can access low interest rates, and collateral-free loans within just five minutes.

Just like Carbon, Aella Credit app is available to both iPhone and Android users, and it can also be used as an online banking app. You can access loans on this app by just downloading the app, creating an account and applying for a loan.

Aella Credit Loan App offers a reasonably huge loan amount with a relatively long tenure.

8. JumiaPay

JumiaPay is another legit online banking app that offers both new and existing users low-interest loans in minutes in Nigeria. Using the app, you can access a huge loan amount ranging up to 500,000 Naira.

After applying, you get your loan disbursed directly into your bank account within minutes. Just like some loan apps on this list, no collateral, or paperwork is needed to access JumiaPay loan. In fact, you don’t even need a BVN to get your loan approved.

Interest rates on JumiaPay loans are also low, and it offers flexible repayment methods. For those seeking to get a loan in minutes in Nigeria without bvn, Jumiapay could be your best bet.

Related: List of Fake Loan Apps to Avoid in Nigeria

9. Lendingo

Without any collateral, or guarantor whatsoever, you can get easy access to a huge loan worth up to 10 million Naira on the Lendingo App.

This app offers borrowers low-interest loans within minutes in Nigeria. Lendingo majorly focuses on business loans, so you can get anything from 100,000 to 10,000,000.

Although this lending platform requires some paperwork for the huge loan they offer, you don’t need a guarantor or collateral to get your loan application approved once you meet their requirements and accept their loan terms.

Loans can be easily repaid on Lendingo, as it offers lots of flexible repayment options.

10. Okash

Last on this list of loan apps that give loan in minutes in Nigeria is Okash. This app offers personal loans without the need for a guarantor or any collateral whatsoever. Okash gets loan application assessed quickly, and get loans disbursed directly into borrowers’ account instantly if approved.

Okash loans come with fair interest rates, as well as an amazingly long tenor. The repayment method of Okash loans is also flexible allowing you to use multiple options.

Check Out: Loan Apps that Give 5k in 2 Minutes in Nigeria

How to Get a Loan in Minutes in Nigeria: Step-By-Step Guide

Here’s an easy guideline on how to get a loan in minutes in Nigeria:

Pick a Loan App

Before diving in, understand the terms and conditions of each loan app. Different apps have different criteria and offerings. Check out the interest rates, repayment periods, and any hidden fees.

Download The App

Choose the app that suits your needs best. Head over to Google Play Store (for Android) or Apple Store (for iPhone users) and download the desired app.

Register Your Details

After downloading, open the app. You’ll be prompted to register with some basic details: name, phone number, and sometimes, your BVN (for security reasons). Always ensure that you provide accurate information.

Choose Loan Amount and Duration

Once registered, navigate to the loan section. Select your desired loan amount and the tenure for repayment.

Remember, the amount you can borrow might be restricted based on your credit history or usage of the app.

Submit Your Application

After choosing the loan amount and duration, click on ‘Apply’ or ‘Submit’. The app will process your request. This is where the magic happens – many of these apps use algorithms to determine your creditworthiness in seconds!

Await Approval

One of the beauties of these apps is the quick response time. Usually, in a few minutes or even seconds, you’ll get a notification regarding your loan approval status.

Receive Your Funds

If approved, the funds will be disbursed directly into your bank account or in-app wallet in no time. It’s as simple as that!

Loan in Minutes in Nigeria – FAQs

How can I get loan in minutes in Nigeria?

To get a loan in minutes in Nigeria, choose a reliable quick loan app, register, submit your application, and await approval.

Who can help me with money urgently in Nigeria?

Urgent monetary help in Nigeria can come from quick loan providers like Carbon, QuickCheck, or Branch, which offer instant loan approval.

Which app can borrow me money immediately in Nigeria?

For immediate loans in Nigeria, apps like Carbon, QuickCheck, or Branch can be helpful, thanks to their speedy and easy loan processes.

How to get a mini loan in minutes in Nigeria?

To get a mini loan quickly in Nigeria, use reputable quick loan apps, specify a small loan amount, and complete your application.


Loan in minutes in Nigeria is a convenient and accessible option for those in need of quick financial assistance. With the rise of digital lending platforms, the process of applying for and receiving a loan has become faster and easier.

However, it is important to exercise caution and thoroughly research the lending company and terms before applying for a loan.

To save you time is why we’ve curated this post containing 10 of the best apps that give loans in minutes in Nigeria for you to choose from.