Every day, millions of Nigerians turn to loan apps to get quick loans for personal and business needs.
As of September 2025, some of these apps have been downloaded millions of times on the Google Play Store and Apple App Store, making them a go-to choice for anyone who need money urgently.
Let’s look at the top 10 most downloaded loan app in Nigeria and what makes them popular.
Top 10 Most Downloaded Loan App in Nigeria (September 2025)
Here is the top and most downloaded loan app in Nigeria as of September 2025.
1. Branch – Loan & Online Banking (50M+ downloads)
Branch is the most downloaded loan app in Nigeria, with more than 50 million downloads globally.
It is known for giving instant loans without collateral, and many users like it for quick disbursement and ease of use.
Some borrowers praise the app for its fast service, while others complain about small loan amounts, high interest rates, and poor customer support.
Despite the mixed reviews, Branch is FCCPC-approved and operates in Nigeria as a licensed lender. Apart from loans, you can also save money, invest, and pay bills on the app.
See Also: Best Loan App Without BVN in Nigeria 2025 | Full List
2. FairMoney – Loans & Banking (10M+ downloads)
FairMoney comes next with over 10 million downloads across Android and iOS.
It is run by FairMoney Microfinance Bank, which is licensed by the CBN and approved by FCCPC.
The app is popular for its higher loan limits, quick approval process, and extra services like airtime recharge and bill payments.
However, users often complain about hidden charges, high interest for first-time borrowers, and customer service issues. Still, FairMoney remains one of the most trusted loan apps in Nigeria.
Click here to download the FairMony loan app
3. Palmcredit Loan App (10M+ downloads)
Palmcredit is another big name in the Nigerian digital lending space with more than 10 million downloads.
It is well-known for providing instant loans without collateral and for its easy-to-use interface.
Many users like how you can increase your credit limit by paying back on time. On the other hand, complaints include high interest rates and aggressive debt collection.
Palmcredit is FCCPC-approved and continues to be one of the top choices for emergency loans.
4. OKash – Safe & Reliable Loan (10M+ downloads)
OKash, owned by Blue Ridge Microfinance Bank, is one of the earliest loan apps to gain wide popularity in Nigeria.
With more than 10 million downloads, it offers quick loans, flexible repayment plans, and regulatory approval.
Borrowers often praise its fast service and ability to increase loan limits over time, but some users report daily charges, high interest, and app glitches.
Still, OKash remains one of the most reliable loan apps in the country.
5. EaseMoni – Instant Loan (5M+ downloads)
EaseMoni is also operated by Blue Ridge Microfinance Bank and has over 5 million downloads.
It offers instant loans with little or no paperwork.
Many borrowers like the app for its fast disbursement, while some complain about penalty fees for late repayment and aggressive reminders.
Being both FCCPC-registered and CBN-licensed, EaseMoni is considered a trusted digital lender in Nigeria.
6. Carbon – Mobile Banking & Loans (5M+ downloads)
Carbon, formerly known as Paylater, is more than just a loan app. It provides loans, savings, investments, bill payments, and money transfers.
With over 5 million downloads, Carbon is one of the most downloaded financial apps in Nigeria.
Borrowers trust it because it operates as Carbon Microfinance Bank, licensed by the CBN and approved by FCCPC.
Some complaints include interest rates and occasional app downtime, but its all-in-one features make Carbon stand out.
7. Newcredit – Safe & Instant Loan (5M+ downloads)
Newcredit, owned by Newedge Finance Ltd, has over 5 million downloads.
The app uses smart data, like your phone and transaction history, to assess loan eligibility.
Users like its simple process and fast approval, but some complain about low loan amounts for new users and high interest on longer tenures.
Newcredit is FCCPC-approved and continues to attract borrowers looking for quick cash.
8. QuickCheck – Fast Loan App (1M+ downloads)
QuickCheck is another fast-growing loan app with over 1 million downloads.
It provides instant loans without collateral and is owned by Arve Limited.
Borrowers love how quickly it disburses loans, but first-time users often face low loan limits and technical errors during repayment.
QuickCheck is FCCPC-approved but not licensed as a microfinance bank. Despite this, it’s gaining popularity among young Nigerians.
9. QuickCash Loan App (1M+ downloads)
QuickCash, owned by Bridgenext Innovations Ltd, has more than 1 million downloads.
It targets borrowers who need small, fast loans without collateral.
Users like its quick approval process but complain about poor customer service and high fees.
QuickCash is FCCPC-approved and is gradually becoming an alternative to bigger loan apps.
10. 9Credit Loan App (1M+ downloads)
9Credit, owned by OTP Internet Technology Ltd, is another rising loan app with over 1 million downloads.
Borrowers praise it for its easy registration and fast approval, but many complain about short repayment periods and high interest rates.
Despite its drawbacks, 9Credit is FCCPC-approved and growing steadily in Nigeria’s loan market.
Why Nigerians Love These Loan Apps
- Speed – No long bank queues; money comes fast.
- Accessibility – Most apps only need a phone number and BVN.
- Convenience – Apply from anywhere, anytime.
- Flexibility – Borrow small or big depending on your profile.
Things to Watch Out For
- High interest rates if you delay repayment.
- Some apps can be aggressive with debt collection.
- Always confirm the app is FCCPC-approved to avoid scams.
- Borrow responsibly to avoid debt cycles.
FAQs
1. Which loan app is the most downloaded in Nigeria?
Branch leads the list with over 50M downloads, making it the most downloaded loan app in Nigeria.
2. Are these loan apps legal?
Yes. Most are FCCPC-approved, and some (like FairMoney and Carbon) are also licensed by the CBN as microfinance banks.
3. Can I get a loan without collateral?
Yes, most of these apps (like Branch, Palmcredit, and FairMoney) offer loans without physical collateral. They rely on your phone data and repayment history.
4. What happens if I don’t repay on time?
You may face extra charges, a bad credit record, or even persistent collection calls. Some apps report late payments to credit bureaus.
5. Which loan app offers the cheapest interest?
It varies. Apps like Branch, FairMoney, and Carbon may give better rates if you have a strong repayment history. Always check the total repayment amount before agreeing.
6. Can I download these apps on iPhone?
Yes. Most of them are available on both the Google Play Store and the Apple App Store.
Final Word:
The above-listed apps—Branch, FairMoney, Palmcredit, Carbon, and others—are among the most downloaded loan apps in Nigeria in 2025.
They are fast, convenient, and widely used, but they should be used responsibly.
Always confirm that an app is FCCPC-approved before borrowing, and make sure to borrow only what you can repay on time.
