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 CBN-approved apps helps you avoid fake loan app that charge hidden fees, misuse users data, or harass borrowers.
In this guide, you will find:
- The full list of loan app approved by CBN and FCCPC in Nigeria
- The top 10 best CBN approved loan apps
- How to spot fake or unlicensed apps to avoid
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 CBN 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.
See Also: List of Loan Apps Banned in Nigeria 2025 (Blacklisted Apps)
Benefits of Using Loan Apps Approved by CBN and FCCPC in Nigeria
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.
See Also: Top Loan Apps Without Face Verification in Nigeria 2025
Full List of CBN Approved Loan Apps
Below is the list of loan apps that have been approved to operate legally in Nigeria:
1.1-Hour Loan App
- 9Credit loan app
- 9Money
- A1 Credit App
- AceCredit
- AceLoan
- Adashe App
- Aella App
- Aje Homes
- AjeLoan
- AirMoni App
- Aladdin Digital App
- Allawee App
- Apex Loan App
- Ball App
- Bank One
- BankBook.cloud
- Best Cash App
- BGLoan
- BimzuKash App
- BlackCopper App
- Bonzer Loan App
- Boost Lending
- Branch loan App
- Carbon App
- Care Finance App
- CashAdvance App
- CashBus App
- CashHop App
- CashLion
- CashOwoMi App
- CashPaddie
- CashPulse App
- CashRun
- CBSL Credit App
- Clan App
- CorrectLoan App
- Crevance.com
- CredPal App
- Credible Loan
- Credit Loan
- Credit Pocket
- Credit Wallet App
- CreditFast App
- CreditInn.com.ng
- CreditLab App
- CreditNow
- Creditville App
- CreditWise
- Crimson App
- DohCash
- DoCredit App
- DotBank App
- DynamiqueIOS
- E4Moni App
- EaseMoney App
- Easemoni loan app
- Easy Money Loan App
- EasyFund App
- FairMoney Loan App
- Fast Point Web Apps
- FastCent
- FitLoan
- Flame Loan App
- FlashAlert
- FlashCredit
- Flexi Cash App
- Float-Cash App
- Floatr App
- Fluna App
- FlyCash App
- FutureCash App
- Galaxy Credit App
- GbobLoan
- GetCredit App
- GetNaira App
- Go Loan App
- GoCash App
- GoGetCredit
- GoLoan App
- GreenCredit App
- HaloWallet
- HappiMoni App
- HCWallet
- HCash
- Hi Credit App
- HiFund App
- HiKash
- Hope Loan App
- Hometown App
- IK Credit App
- InstantCred App
- IntsWallet App
- Irorun Mobile App
- Irorun Web
- Iustus
- Kaiope App
- Kash Loan
- KashNow Loan App
- KashOut
- KashPal
- Kiowope App
- KKCash
- Kobogo App
- KwikPay Credit App
- LairaPlus Loan App
- LCash
- LendMe App
- LendNow App
- LendQuick App
- LetsGo App
- LibertyCred
- LilyCash
- LionCash
- LoanMate App
- LuckyLoan App
- LumosLoan
- Massive Card App
- MenoFund App
- Menacred App
- MicroMoney App
- MiniCredit
- MintBag App
- Money in Minutes
- MoneyHub App
- MoneySpace
- MoneyTree App
- Moni / Moni Africa
- Monee App
- MoreCash
- MyCash
- MyCashier Mobile
- NairaBox
- NairaGo App
- NairaLoan
- NairaMax App
- NairaNow
- NairaPlus
- NCash
- NCredit
- NMoney
- NewCash
- NewLending App
- NextPayday App
- NiceCredit App
- NiceNaira App
- NowCredit App
- OkiLoCash
- Okash Loan App
- Okilo Loan App
- OK Cash App
- Omafin App
- OmegaLoan
- OneCash App
- OneMoney
- OurPass App
- OvesCredit App
- OxLoan Pro App
- Oxymon App
- P2Vest App
- PalmCash App
- PalmCredit Plus
- PapKash
- Pasa App
- Pase Club App
- PayCredit App
- PayFi App
- PayHippo App
- Paylater App
- PayNaira
- Payday Loan App
- Pearl Cash App
- Penaid.ng
- Pennee App
- Pivo App
- PlentyCash
- PocketFuel App
- PoCash App
- PonyCash App
- Prime Pay App
- ProCash
- Provest App
- QuickCheck App
- QCash
- Rapaid Africa
- RapidAlert
- RapidLoans
- RealCredit
- Red Harbour App
- Regxta App
- Renmoney Loan App
- Renners App
- RexAfrica App
- RiteCash App
- Rockit App
- RubiMoni App
- RushCredit App
- SharpCredit
- Shara App
- ShopTopUp App
- Snappy Credit
- SomeMoni App
- StarCredit App
- SteadyKash
- SuperMoney App
- Supreme Help Co-operative Society
- SureCredit
- SwiFund App
- SwiftCredit
- Swift Naira Loan App
- SwiftKash
- SwiftNaira
- Sycamore App
- Tap Cash
- Tiger Credit
- TCredit App
- TLoan App
- Top Chance
- Top Credit App
- TopCredit.com.ng
- Trade Lenda Web App
- TractionApp
- Trivista App
- TrueMoney
- TrueNaira
- TwaleLoan App
- UShine Cash App
- UC Salary Loan
- Ultra Cash
- Ultra Naira
- UMBA Mobile App
- UMBA Web
- UnlockCash
- Urgent10K App
- Value Credit App
- Veend App
- Vidus Loan App
- VibeCredit App
- VKash
- VybeCash App
- WayaCredit App
- WeKash App
- WinLoan App
- Warm Lending App
- YohCash
- YesCredit App
- ZCash
The above apps are CBN-approved lenders in Nigeria. Now let’s look at the most popular among them.
Below is the top loan app in the list:
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.
You can Download the cabon loan app here.
2. FairMoney
- Loan range: ₦1,500 – ₦3,000,000
- Interest rate: 2.5% – 30% per month
- Repayment period: 14 days – 18 months
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
You can download the Fairmoney loan app here
3. Branch Loan App
- Loan range: ₦1,000 – ₦500,000
- Interest rate: 15% – 34% per month
- Repayment period: 4 – 52 weeks
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
See also: Eager Loan App (Download, Requirements, Interest rate, 2025 Review)
5. QuickCheck
- Loan range: ₦1,500 – ₦500,000
- Interest rate: 2% – 30% per month
- Repayment period: 30 days – 12 months
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/EaseMoni
- Loan range: ₦3,000 – ₦500,000
- Interest rate: 10% – 30% per month
- Repayment period: 15 – 91 days
Okash and the EaseMoni loan app are two other great apps that offer short-term loans with good repayment plans. It’s the best option for those who have Opay accounts 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.
See Also: How to Get an Urgent ₦10,000 Loan Without BVN in Nigeria
How to Verify Loan Apps CBN Approval
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:
- Check with FCCPC Database
Go to the Federal Competition and Consumer Protection Commission (FCCPC) official website; there you will see an updated list of approved loan apps. If the app is not on this list, it is best to avoid it. - 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.
See Also: 30 Best Loan App in Nigeria 2025 Review
FAQs on Loan Apps in Nigeria
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. What happens if I don’t repay my loan on time?
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.
3. 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.
See Also: Specta Loan App: Requirements, How To Apply, Review, Is It Legit or Scam?
Conclusion
This updated 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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