There are tens of loan apps in Nigeria today that function well, providing small-scale loans for customers who need them. However, for a while, people who need loans above the 100k mark found it difficult, as many apps do not offer up to that. If you are one, this article puts your search to an end as it discusses loan apps that can give more than 100k in Nigeria.
In today’s world, obtaining a loan has become easier with the introduction of loan apps, especially in Nigeria. These apps have revolutionized the lending process and have helped many people in dire need of funds. However, for those who require loans above 100k, finding a suitable app has been a challenge.
Thankfully, there are loan apps in Nigeria that offer loans above the 100k benchmark. These apps have been designed to cater to the financial needs of those who require more significant loans.
The first app on the list is Renmoney. Renmoney is a popular loan app that provides loans up to 6 million nairas. Their loan application process is swift and straightforward, and funds are disbursed within 24 hours of approval. Renmoney has been in operation since 2012 and has grown to become one of the most trusted loan apps in Nigeria.
Another loan app that provides loans above 100k is Carbon. Carbon, formerly known as Paylater, is an app that offers loans up to 500k nairas. Their loan application process is seamless and does not require collateral. Carbon is also known for its fast disbursement of funds, usually within minutes of approval.
Kwikmoney, also known as Migo, is another loan app that provides loans above 100k in Nigeria. Kwikmoney offers loans up to 500k nairas, and their loan application process is easy, with disbursement within minutes of approval.
Aella Credit is another reliable loan app that offers loans above 100k. Aella Credit offers loans up to 1 million nairas, and their loan application process is seamless. They also offer flexible repayment plans, making it easier for borrowers to repay their loans.
FairMoney is another loan app that offers loans above 100k in Nigeria. FairMoney offers loans up to 500k nairas, and their loan application process is easy and fast. They also offer flexible repayment plans, making it easier for borrowers to repay their loans.
In conclusion, obtaining a loan above 100k in Nigeria is now possible, thanks to the loan apps mentioned above. These apps have been designed to cater to the financial needs of those who require more significant loans. It is essential to note that before applying for a loan, it is necessary to read and understand the loan terms and conditions to avoid any issues in the future.
What are the loan apps that can give more than 100k in Nigeria?
The tested and trusted applications that can give more than 100k in Nigeria are:
Carbon (formerly Paylater):
Carbon is a rapid loan service available to you through your mobile phone. Also, they have two major packages available to salary earners only, and another for everyone else. Furthermore, you can use the app in paying other bills including recharge cards and PHCN.
Branch:
Branch is an app that offers you a loan with no collateral. In reality, all you need to do is to register by providing your personal details. After registration, you can borrow as low as N1,000 or as high as N200,000 with considerable interest.
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Aella credit:
This app makes it easier for individuals looking for quick cash to gain access. Furthermore, it focuses on employees with a stable incomes and is affiliated with different credit bureaus in Nigeria. This is because they make use of an algorithm to determine your creditworthiness before approving loans.
KiaKia:
Quick, easy, and stress-free like its name kiakia, which means fast in Yoruba. This loan app offers you up to N200,000 with varying interest rates depending on the nature of the loan. Also, the term is within 7 to 30 days.
Xcredit:
Although not very popular, xcredit is one of the top loan apps in Nigeria that has put together a good loan package for customers. Currently, they offer a minimum loan of N2,000 and a maximum of N500,000. Also, their loan range spans about 5 months and they do not require collateral. However, you are expected to provide your bank account details.
9ja cash:
Just like xcredit, 9ja cash is an application that is not well known, but works absolutely well. They allow you to borrow up to a whopping N300,000, for a tenor of 180 days. However, their interest rate could be quite exorbitant as it spans between 1% and 34%.
Honorary mentions include Palmcredit, 9credit, lend me, and Sokoloan. However, we did not include them on our list because they offer a maximum loan of 100K at the time of this writing. Although things could change in the future, they do not exactly fit into the requirement of this article. However, they are reliable and can be trusted to use.
To make a thorough and informed decision before deciding on a loan app, make use of this loan comparison platform that allows you to weigh the pros and cons of the different app offers within minutes. This ensures that as much as possible, you’re only going for the offer that works best for you.
How do I apply for a loan?
The application procedure is simple and applies to all these applications. Simply start by downloading their official app from the play store and then registering. On successful registration, you can then apply for a loan. Also, note that while some apps put a cap on the maximum amount a new user can borrow and increase it over time, loanspot.africa has little to no hurdles.
Conclusion
The importance and use of loan apps are rapidly rising, with many citizens now starting to realize how easy it is to obtain a loan. Furthermore, you can rest assured that all the apps listed on our site are tested and trusted. You simply need to download and register to enjoy their loan benefits.
