If you find yourself in a situation where you need quick funds to cover various expenses such as mobile data top-up, airtime top-up, energy recharge, DSTV subscription, Uber payments, and more, there are several popular loan apps in Nigeria that you can consider. Each app comes with its own set of terms and conditions.
Here are some details about the loan apps:
Carbon (Paylater):
You can borrow from ₦1,500 to ₦500,000. The monthly interest rate varies from 1.75% to 30%, and the repayment period ranges from 2 to 24 weeks. Required documents include a valid ID card, BVN, and a credit check.
Branch :
You can borrow from ₦1,000 to ₦200,000, with interest rates between 1.5% to 20% per month. The repayment term is from two to forty weeks, and similar documents are required.
Okash :
You can borrow from ₦1,500 to ₦50,000, with daily interest rates of 1% to 10%. The repayment period is between 7 to 30 days, and the necessary documents are a valid ID card, BVN, and a credit check.
Palmcredit :
You can borrow from ₦1,500 to ₦100,000, with interest rates ranging from 1.5% to 12% per month. The repayment period is from two to twelve months, and the required documents are a valid ID card, BVN, and a credit check.
QuickCheck :
You can borrow from ₦1,500 to ₦500,000, with a monthly interest rate of 1% to 30%. The repayment period is from two to twelve months, and the necessary documents are a valid ID card, BVN, and a credit check.
FairMoney :
You can borrow from ₦1,500 to ₦150,000, with monthly interest rates between 1% to 25%. The repayment period is from two to twelve months, and the required documents are a valid ID card, BVN, and a credit check.
CreditDirect:
provides loans from ₦1,500 to ₦100,000, with interest rates of 1.5% to 12% per month. The repayment time ranges from two to six months, and the necessary documents include a valid ID card, BVN, and a credit check.
Conclusion:
Nigerian loan applications provide a user-friendly experience, understand loan terms, evaluate credit score, and choose trustworthy lenders. Borrow wisely and seek help with financial planning or debt settlement. Visit our website for more info.