Looking for safe and reliable loan apps in Nigeria? Not all digital lenders are legitimate, which is why the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer Protection Commission (FCCPC) now regulate loan apps to protect borrowers.
As of 2025, there are 322 fully approved loan apps and 42 conditionally approved loan apps, making a total of 364 legal loan apps in Nigeria. Using these CBN-approved apps helps you avoid fake lenders that charge hidden fees, misuse your data, or harass borrowers.
In this guide, you will find:
The full list of CBN-approved loan apps in 2025
The top 10 best loan apps with flexible repayment and low interest
How to spot fake or unlicensed apps to avoid
Tip: Always confirm an app’s approval status on the official CBN or FCCPC websites before borrowing.
What Are Loan Apps Approved by CBN?
CBN-approved loan apps are digital lending platforms that have been officially licensed by the Central Bank of Nigeria. This means they meet regulatory standards for transparency, fair interest rates, and customer protection.
Using an approved loan app ensures:
Legitimacy: The app operates under Nigerian law.
Security: Your personal and financial data are better protected.
Fairness: Interest rates and repayment terms must follow CBN guidelines.
Redress: If issues arise, you can report the lender through official channels.
In short, CBN-approved apps are safer, more reliable, and less likely to exploit borrowers compared to unlicensed lenders.
Benefits of Using Loan Apps Approved by CBN
When you borrow from a licensed loan app, you enjoy several advantages:
Safety and trust: Approved apps are recognized by the CBN and FCCPC, making them more credible than illegal loan apps.
Fair terms: Interest rates, repayment periods, and late fees are regulated to protect borrowers.
Customer protection: Borrowers can seek help through official complaint channels if treated unfairly.
Data security: Licensed loan apps must comply with Nigeria’s data protection laws, reducing the risk of privacy abuse.
By sticking to approved loan apps, you are making a smart financial choice that reduces risks and helps build trust in digital lending.
Before applying for a loan in Nigeria, it’s important to confirm that the platform you are using is licensed by the Central Bank of Nigeria (CBN) and recognized by the Federal Competition and Consumer Protection Commission (FCCPC).
Approved loan apps are safer, more transparent, and provide fair interest rates and repayment terms compared to unlicensed platforms. Using only CBN and FCCPC-approved loan apps helps you avoid fraudulent apps, hidden charges, and data misuse.
Below is the updated list of all loan apps that have been approved to operate legally in Nigeria. This list is regularly updated to reflect new approvals and changes.
S/N
Loan App Name
1
1-Hour Loan App
2
9Credit
3
9Money
4
A1 Credit App
5
AceCredit
6
AceLoan
7
Adashe App
8
Aella App
9
Aje Homes
10
AjeLoan
11
AirMoni App
12
Aladdin Digital App
13
Allawee App
14
Apex Loan App
15
Ball App
16
Bank One
17
BankBook.cloud
18
Best Cash App
19
BGLoan
20
BimzuKash App
21
BlackCopper App
22
Bonzer Loan App
23
Boost Lending
24
Branch Mobile App
25
Carbon App
26
Care Finance App
27
CashAdvance App
28
CashBus App
29
CashHop App
30
CashLion
31
CashOwoMi App
32
CashPaddie
33
CashPulse App
34
CashRun
35
CBSL Credit App
36
Clan App
37
CorrectLoan App
38
Crevance.com
39
CredPal App
40
Credible Loan
41
Credit Loan
42
Credit Pocket
43
Credit Wallet App
44
CreditFast App
45
CreditInn.com.ng
46
CreditLab App
47
CreditNow
48
Creditville App
49
CreditWise
50
Crimson App
51
DohCash
52
DoCredit App
53
DotBank App
54
DynamiqueIOS
55
E4Moni App
56
EaseMoney App
57
Easemoni
58
Easy Money Loan App
59
EasyFund App
60
FairMoney App
61
Fast Point Web Apps
62
FastCent
63
FitLoan
64
Flame Loan App
65
FlashAlert
66
FlashCredit
67
Flexi Cash App
68
Float-Cash App
69
Floatr App
70
Fluna App
71
FlyCash App
72
FutureCash App
73
Galaxy Credit App
74
GbobLoan
75
GetCredit App
76
GetNaira App
77
Go Loan App
78
GoCash App
79
GoGetCredit
80
GoLoan App
81
GreenCredit App
82
HaloWallet
83
HappiMoni App
84
HCWallet
85
HCash
86
Hi Credit App
87
HiFund App
88
HiKash
89
Hope Loan App
90
Hometown App
91
IK Credit App
92
InstantCred App
93
IntsWallet App
94
Irorun Mobile App
95
Irorun Web
96
Iustus
97
Kaiope App
98
Kash Loan
99
KashNow App
100
KashOut
S/N
Loan App Name
101
KashPal
102
Kiowope App
103
KKCash
104
Kobogo App
105
KwikPay Credit App
106
LairaPlus
107
LCash
108
LendMe App
109
LendNow App
110
LendQuick App
111
LetsGo App
112
LibertyCred
113
LilyCash
114
LionCash
115
LoanMate App
116
LuckyLoan App
117
LumosLoan
118
Massive Card App
119
MenoFund App
120
Menacred App
121
MicroMoney App
122
MiniCredit
123
MintBag App
124
MintCredit
125
Money in Minutes
126
MoneyHub App
127
MoneySpace
128
MoneyTree App
129
Moni / Moni Africa
130
Monee App
131
MoreCash
132
MyCash
133
MyCashier Mobile
134
NairaBox
135
NairaGo App
136
NairaLoan
137
NairaMax App
138
NairaNow
139
NairaPlus
140
NCash
141
NCredit
142
NMoney
143
NewCash
144
NewLending App
145
NextPayday App
146
NiceCredit App
147
NiceNaira App
148
NowCredit App
149
OkiLoCash
150
Okash
151
Okilo Loan App
152
OK Cash App
153
Omafin App
154
OmegaLoan
155
OneCash App
156
OneMoney
157
OurPass App
158
OvesCredit App
159
OxLoan Pro App
160
Oxymon App
161
P2Vest App
162
PalmCash App
163
PalmCredit Plus
164
PapKash
165
Pasa App
166
Pase Club App
167
PayCredit App
168
PayFi App
169
PayHippo App
170
Paylater App
171
PayNaira
172
Payday Loan App
173
Pearl Cash App
174
Penaid.ng
175
Pennee App
176
Pivo App
177
PlentyCash
178
PocketFuel App
179
PoCash App
180
PonyCash App
181
Prime Pay App
182
ProCash
183
Provest App
184
QuickCheck App
185
QCash
186
Rapaid Africa
187
RapidAlert
188
RapidLoans
189
RealCredit
190
Red Harbour App
191
Regxta App
192
Renmoney Instant Cash Loan
193
Renners App
194
RexAfrica App
195
RiteCash App
196
Rockit App
197
RubiMoni App
198
RushCredit App
199
SharpCredit
200
Shara App
201
ShopTopUp App
202
Snappy Credit
203
SomeMoni App
204
StarCredit App
205
SteadyKash
206
SuperMoney App
207
Supreme Help Co-operative Society
208
SureCredit
209
SwiFund App
210
SwiftCredit
211
Swift Naira Loan App
212
SwiftKash
213
SwiftNaira
214
Sycamore App
215
Tap Cash
216
Tiger Credit
217
TCredit App
218
TLoan App
219
Top Chance
220
Top Credit App
221
TopCredit.com.ng
222
Trade Lenda Web App
223
TractionApp
224
Trivista App
225
TrueMoney
226
TrueNaira
227
TwaleLoan App
228
UShine Cash App
229
UC Salary Loan
230
Ultra Cash
231
Ultra Naira
232
UMBA Mobile App
233
UMBA Web
234
UnlockCash
235
Urgent10K App
236
Value Credit App
237
Veend App
238
Vidus Loan App
239
VibeCredit App
240
VKash
241
VybeCash App
242
WayaCredit App
243
WeKash App
244
WinLoan App
245
Warm Lending App
246
YohCash
247
YesCredit App
248
ZCash
249
Zuvy.co
Top 10 Best Loan Apps Approved by CBN in Nigeria 2025
Best Loan Apps in Nigeria in 2025
1. Carbon Loan App
Loan range: ₦1,500 – ₦1,000,000
Interest rate: 1.75% – 30% per month
Repayment period: 1 – 12 months
No collateral required
Carbon loan app is one of the best loan apps approved by CBN, with a 4.0/5 rating in the Google Play store, making it one of the most trusted and best loan apps in Nigeria. The app also provides financial services like bill payments and investments. With a low interest rate and without collateral, it can be a good option for salary earners and business owners looking for quick funds.
FairMoney is the most widely used loan app with a 4.4/5 rating in the Google Play store. It is known for its super-fast loan approval process. It’s perfect for those who need urgent financial assistance with longer repayment plans.
What users Say:
“I had the best experience with FairMoney compared to other loan apps. As soon as I installed the app and applied for a loan, it was approved, and I got the money in just a few minutes, just as advertised.
This was truly a lifesaver, something which seems impossible with all the other loan apps I tried before FairMoney, even when they promised the same service as FairMoney in their advertisements. All the other apps refused to approve my loan, even when I have a good credit score.”- Lemboye Cole
Branch is one of the best loan apps approved by CBN in nigeria that offers loans without the need for collateral or paperwork. The more you borrow and repay on time, the higher your credit limit. With a 4.5/5 rating in the google play store, you can access quick loan with no hassles, Branch is a best option
What User say:
“Apart from a minor glitch I experienced once in transferring money from my Branch wallet to another account, which later turned out to be a general data problem, the loan app is great. The ease of accessing and repaying loans is great, and above all, the interest rates are the best amongst the many loan apps that I have used. I hope you will maintain the standard, if not better.” – Carl Jide
4. PalmCredit
Loan range: ₦2,000 – ₦300,000
Interest rate: 14% – 24% per month
Repayment period: 91 – 365 days
PalmCredit loan app is among the best CBN approved platforms that offer quick access to loans with no collateral. Users can increase their loan limits by maintaining a good repayment history.
What Users Say:
“Very good app for lending to sort your financial issues at the appropriate time. Palm Credit offers high amount of money and a longer duration period. They are also fast in disbursement, which is unique about them, unlike some other apps that spend days for disbursement. Palm Credit is not like that. So fast, longer duration period, and high amount of money. Big thanks to the organization.” – Otosint Otosint
This loan app uses AI technology to assess creditworthiness. Quickcheck has gain a 4.5/5 rating in the Google Play Store, making it one of the most reliable and best loan apps in Nigeria.
What Users Say:
“If you are looking for a loan app with peace of mind, you need to try this app. It’s one of the best I have seen so far. Long duration payment and very low interest. My loan was one day over due and they didn’t add more interest, and no threatening messages or calls.. Even after overdue, you can still pay what you have the moment and pay rest later. Customer service so friendly. I hardly rate apps but I have to rate this because it’s just so different. kudos!” –
Tomiwa Dada
6. Aella Credit
Loan range: ₦2,000 – ₦1,000,000
Interest rate: 4% – 29% per month
Repayment period: 30 – 60 days
Aella Credit, although not popular, it is one of the best CBN approved loan apps that provides personal and business loans with competitive interest rates.
7. Okash
Loan range: ₦3,000 – ₦500,000
Interest rate: 10% – 30% per month
Repayment period: 15 – 91 days
Okash loan app is one of the best apps with short-term loans and good repayment plans. It’s the best option for those who already use Opay’s services and need emergency funds.
8. Umba Loan App
Loan range: ₦2,000 – ₦500,000
Interest rate: 10% – 25% per month
Repayment period: 62 – 180 days
Umba is one of the best loan apps in Nigeria that offers loans without requiring your BVN, making it one of the best choices for people who prefer privacy.
9. Renmoney
Renmoney is one of Nigeria’s leading digital lending platforms, offering personal and business loans. With loan amounts ranging from ₦50,000 to ₦6,000,000, it caters to individuals seeking significant financial support for major expenses like business expansion, medical bills, or home renovations.
Loan Amount: ₦50,000 – ₦6,000,000
Interest Rate: 4% – 8% per month
Repayment Period: 3 – 24 months
One of Renmoney’s biggest advantages is its longer repayment period of up to 24 months, which allows borrowers to manage their finances without excessive pressure. Additionally, it provides unsecured loans, meaning you don’t need collateral. However, borrowers must have a steady source of income and a good credit history to qualify for larger amounts.
10. Sokoloan
For those looking for smaller, short-term loans, Sokoloan is a go-to option. It offers instant loans starting from ₦5,000 to ₦100,000, making it ideal for emergency expenses, utility bills, and daily financial needs.
Loan Amount: ₦5,000 – ₦100,000
Interest Rate: 4.5% – 34% per month
Repayment Period: 7 – 180 days
Sokoloan provides fast disbursement, often within minutes of approval. However, borrowers should be mindful of its higher interest rates, which can go up to 34% per month for shorter repayment periods. While it’s convenient for urgent needs, users should ensure they can repay on time to avoid accumulating high charges.
With so many loan apps available in Nigeria, it is important to confirm that the one you are about to use is truly approved by the Central Bank of Nigeria (CBN). This will protect you from fraud, high hidden charges, and harassment from unlicensed lenders. Here are simple steps to verify:
Look for Regulatory Disclosures on the App A genuine loan app will display its licensing details, company name, and regulatory information either on its website, within the app, or in the Google Play Store/Apple App Store description.
Read User Reviews and Ratings Go through reviews on the Play Store or App Store. Consistent reports of harassment, unauthorized data sharing, or hidden fees are red flags that the app may not be operating legally.
Confirm Contact Information Approved loan apps usually provide verifiable customer service numbers, emails, and physical office addresses in Nigeria. Fake apps often hide or use suspicious contact details.
By following the above guide, you can easily confirm if a loan app is approved by CBN and FCCPC before borrowing. Always remember that borrowing from unapproved apps can put your personal data and financial security at risk.
How to Apply for a Loan Using a CBN-Approved App
Applying for a loan using a CBN-approved loan app is simple and straightforward. These apps are designed to make borrowing quick, safe, and convenient. Follow the steps below to get started:
Download the Loan App: Go to the Google Play Store or Apple App Store and search for the loan app you want to use. Make sure it’s published by the official company and not a fake copy.
Create an Account: Open an account using your name, phone number, and email, and set up a secure password. Some apps may also ask for your BVN (Bank Verification Number) for identity verification.
Complete Your Profile: Fill in your personal and financial details, such as your income source, employment status, or business details. This helps the app determine your eligibility.
Apply for a Loan: Confirm the amount you need and select a repayment period. The app will show you the interest rate, fees (if any), and repayment schedule before you confirm.
Wait for Approval: Most CBN-approved loan apps use automated systems to review your application. If approved, the loan will be disbursed directly into your bank account within minutes or hours.
1. What is the best CBN approved loan app in Nigeria in 2025?
The best loan app depends on your needs. Carbon, FairMoney, and Branch are among the top options due to their low-interest rates and fast approval times.
2. Which loan app has the lowest interest rate?
Renmoney, Carbon, and Aella Credit offer some of the lowest interest rates in Nigeria.
Failure to repay a loan on time can result in higher interest rates, late fees, and a negative credit score. Some loan apps may also report defaulters to credit bureaus.
5. How do I know if a loan app is legit?
Check if the app is licensed by the Central Bank of Nigeria (CBN), read reviews, and verify its presence on Google Play Store or Apple App Store.
This updated 2025 list of loan apps approved by the CBN provides safe options for personal and business loans. Whether you need emergency funds or a larger business loan, choosing from approved apps ensures security and fair terms. Always borrow responsibly, compare options, and select the loan app that best fits your financial needs.
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