Loan apps are popular for quick loan in Nigeria without visiting a bank. You can get a loan for emergencies or when your salary is not enough. But not all loan apps in Nigeria are safe or reliable. Some are CBN approved, and they work well. Others operate without regulation with hidden problems.”
Vidus loan app is one of the digital lenders available in Nigeria. It claims to give loans from ₦5,000 to ₦500,000 without collateral. But is Vidus a good choice? Is it safe and legit? Here is a review of its interest rates, how to apply and download, etc.
About the Vidus Loan App
The Vidus Loan App is one of the many digital lending apps in Nigeria that offers small, short-term loans, and it is owned by Sipan Finance Nigeria Ltd.
Vidus Loan App is among the loan apps that have been approved by the Federal Competition and Consumer Protection Commission (FCCPC), which means it has been registered in the Central Bank of Nigeria for digital lending.
Recently the Vidus loan app is not available on the Google Play Store and is also not on any banned list of loan apps. It appears the loan app is not operating. So far, there are no public warnings against Vidus. If you are still using the Vidus app, make sure you read the terms and conditions and be cautious since it is no longer in the Google Play Store.
Vidus Loan Eligibility
- You must be 18–60 years old.
- Must have a valid means of identification.
- You must have an active bank account number in Nigeria.
- You must have a source of income to improve your chances of getting approval.
Loan Amounts and Repayment
Minimum amount: ₦5,000–₦50,000 (for new users)
Maximum loan amount: ₦500,000 – 1,000,000 (for returning users with good credit scores)
Repayment Terms: You can choose between 7 and 30 days for a short-term loan and 1 and 6 months for a loan term loan. You can repay your loan by bank transfer, USSD, and auto-deductions.
How to Download the Vidus Loan App
- For Android: Go to Google Play Store on your phone, search for “Vidus Loan App,” and click on install and activate it; only download the one from Sipan Finance Nigeria Ltd.
- For iOS: Open the Apple App Store on your phone, search for “Vidus Loan App,” and download the app.
Once you install and activate the app, open the app, sign up, and follow the steps to apply for your loan.
Click here to download the Vidus Loan app.
How to Apply for a Loan on the Vidus Loan App
You need to download the app by installing and activating it, then follow the steps below:
- Register an account: You need to create an account by signing up using your phone number and BVN (Bank Verification Number).
- Verify your identity: Then you will be directed to verify your identity by taking a selfie and other KYC requirements.
- Apply for a loan:Click on loan and choose the amount and repayment term.
- Wait for approval: your loan can be approved within minutes.
- Receive funds: money will be sent directly to your registered bank account.
Interest Rates
The Vidus Loan App interest rate can be anywhere from 5% to 30% interest for short periods. You may see late fees or penalties adding to the loan cost, so it’s important to understand loan terms before borrowing.
See Also: Top 10 Loan App That Gives ₦50,000 Instantly in Nigeria (2025 Reviews)
Pros and Cons of the Vidus Loan App
Pros:
- Fast access to cash: you can get a quick loan for emergencies.
- User-friendly interface: you can navigate the app very easily even if you’re not tech-savvy.
- No collateral needed: you don’t need a guarantor to access loans for users.
Cons:
- High interest rates: The interest rate is high compared to other loan apps.
- Not Available on Google Play Store:
- Privacy concerns: many users complain of unnecessary excess data collection.
Best Alternatives to the Vidus Loan App
If you want to consider other loan apps, consider these alternatives:
- Branch Loan App: This loan app is known for its low interest rates and good customer service.
- FairMoney: It is one of the best loan apps in Nigeria that offers loans up to 3 million.
- Palmcredit: the best loan app for small loans with fast disbursement.
- Carbon: another best loan app that you can consider; it comes with other features like bill payment and investments.
- Aella Credit: the best loan app for longer loan tenures and savings.
These loan apps are regulated, user-friendly, and may be better than the Vidus Loan App.
See Also: Best Loan Apps Without BVN (2025 Review)
Conclusion
Vidus Loan App is one of the many digital lending apps in Nigeria for small, short-term loans owned by Sipan Finance Nigeria Ltd. The app is among the loan apps that have been approved by the Federal Competition and Consumer Protection Commission (FCCPC) and licensed by the Central Bank of Nigeria for digital lending.
The app is not available for download on the Google Play Store or Apple Store. It appears the loan app is not operating, so if you are still using the Vidus app, be cautious since it is no longer in the Google Play Store.
FAQs (Frequently Asked Questions)
1. Is the Vidus Loan App approved by CBN?
Yes, there’s clear information confirming that the Vidus Loan App is registered with the Central Bank of Nigeria and recognized by consumer protection bodies.
2. Can I get a loan without BVN on the Vidus Loan App?
No, the Vidus Loan App requires your BVN as part of KYC. Without your BVN, eligibility may be denied or limited since it uses BVN to verify identity and prevent fraud. If you need a loan app without BVN, check out this: Best Loan Apps Without BVN (2025 Review)
3. How long does it take to get approved?
Within a minute, but users’ experiences may vary; many users report approval and disbursement within minutes after successful registration. However, some report delays because of verification issues that occur.
4. Is the Vidus Loan App safe for personal data?
Vidus loan app is safe, but you should be cautious since it is not available for download on the Google Play Store or Apple Store, and it appears that the loan app is not operating, so if you are still using the Vidus app, be very cautious.
Read more: 5 Best Loan App with NIN in Nigeria 2025
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