Every day, millions of Nigerians turn to loan apps to get quick loans for personal and business needs.
As of September 2025, the loan app has been downloaded more than 50 million times. Let’s look at the most downloaded apps and what makes them a go-to choice for Nigerians.
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 (over 50 million downloads)
Branch is the number 1 most downloaded loan app in Nigeria, with over 50 million downloads. Making it one of the best loan apps that offer instant loans without collateral.
Users’ reviews of the Branch loan app are mixed; some users praised the app for its fast loan disbursement and no harassment. Other complaints include bad customer service, small loan amounts, the app not working, and high interest rates.
Despite the mixed user ratings, the app is one of the FCCPC- and CBN-approved lenders.
With Branch, you can borrow money, save money, and pay bills.
Its app interface makes it attractive for first-time users.
See Also: Best Loan App Without BVN in Nigeria 2025 | Full List
2. FairMoney – Loans & Banking (over 10 million downloads)
FairMoney comes right after Branch, with over 10 million downloads across Android and iOS. It is operated by FairMoney Microfinance Bank and approved by FCCPC.
The app is a popular choice for Nigerians because of its fast loan approval system, higher loan limits, and additional services like bill payments and airtime recharge.
User reviews are mixed; some users recommend it because of how easy it is to borrow money within minutes.
However, some users also complain about hidden charges, high interest for new users, and bad customer support.
Despite these concerns, FairMoney remains one of the most reliable and trusted loan apps in Nigeria in 2025.
Click here to download the FairMony loan app
3. Palmcredit Loan App (over 10 million downloads)
Palmcredit is one of the most downloaded loan apps, with more than 10 million downloads.
It is famous for providing instant loans without collateral.
The Palmcredit loan app is ideal for emergencies because loan approval takes only a few minutes.
Users recommend the app design and the fact that you can build your credit limit over time by repaying loans early.
Other users complain about high interest rates and harassment.
Still, Palmcredit is FCCPC-approved, and many consider it as one of the most widely used loan apps in Nigeria.
4. OKash – Safe & Reliable Loan (over 10 million downloads)
The OKash loan app by Blue Ridge Microfinance Bank has over 10 million downloads.
It is one of the earliest loan apps to gain popularity in Nigeria.
OKash is one of the most downloaded and trusted apps because of its quick loan offers, flexible repayment plans, and regulatory approval.
Many users praise the app for its quick loan approval, flexible repayment plan, and ability to increase your loan amount over time if you repay on schedule.
However, some borrowers complain about daily charges, high interest rates, and occasional app glitches.
Overall, OKash remains one of the go-to loan apps for Nigerians looking for reliable digital lending.
5. EaseMoni – Instant Loan (over 5 million downloads)
EaseMoni is another most downloaded loan app owned by Blue Ridge Microfinance Bank; it has gained more than 5 million downloads.
The app is one of the best loan apps in Nigeria that offers instant loans with little or no paperwork.
EaseMoni user reviews are mixed; some users recommend it for quick loan disbursement, often within minutes.
While some complain about high penalty fees for late repayment and aggressive reminders when due dates are missed.
Being both FCCPC- and CBN-approved, EaseMoni still ranks among the trusted loan apps in the country.
6. Carbon – Mobile Banking & Loans (over 5 million downloads)
Carbon, formerly known as Paylater, is one of the loan apps that offer more than loans. It offer bill payments, savings, investments, and transfers—making it a complete digital financial platform.
With over 5 million downloads, Carbon is one of the most downloaded loan apps in Nigeria.
Many users love the convenience of handling multiple financial needs in one app.
The app is licensed as Carbon Microfinance Bank and approved by both CBN and FCCPC, which gives users more confidence.
Some users complain about the interest rate and app downtime.
Still, Carbon’s all-in-one financial services make it stand out from regular loan apps.
7. Newcredit—Safe & Instant Loan (over 5 million downloads)
Newcredit, also operated by Newedge Finance Ltd, has over 5 million downloads.
The app uses smart data (like phone and transaction history) to assess loan eligibility.
Many of its users find it helpful for quick short-term loans without collateral.
Some users praise its simple process and fast disbursement but complain about loan limits being too small for first-timers and interest that increases with longer tenures.
As an FCCPC-approved app, Newcredit continues to attract more users across the country.
8. QuickCheck – Fast Loan App (over 1 million downloads)
The QuickCheck loan app has over 1 million downloads and is growing steadily.
The app offers fast loans without collateral that are useful for daily needs or emergencies.
The app is owned by Arve Limited and is FCCPC-approved, though it does not have a CBN license like the bigger players.
Users love how quickly the app responds, but complaints include low first-time loan limits and system errors during repayment.
QuickCheck is popular among young Nigerians looking for a backup loan option.
9. Quickash (over 1 million downloads)
Quickcash is a rising name in the digital lender with over 1 million downloads.
It is operated by Bridgenext Innovations Ltd and approved by FCCPC.
The app offers instant loans without collateral and is mostly targeted at people who need small loans quickly.
Borrowers appreciate its fast approval process but complain about poor customer service and relatively high charges.
Even with these complaints, Quickash continues to grow as more Nigerians download it as an alternative to bigger loan apps.
10. 9Credit (over 1 million downloads)
9Credit is one of the new loan apps with more than 1 million downloads.
It is operated by OTP Internet Technology Ltd and is FCCPC-approved.
The app is popular among those who need quick cash for urgent expenses.
Users like how easy it is to set up and get approved, but many complain about high interest rates and short repayment periods.
Despite these drawbacks, 9Credit is still among the fastest-growing loan apps in Nigeria.
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 tops the list in September 2025 with 50M+ downloads, making it the most used loan app in Nigeria.
2. Are these loan apps legal?
Yes, the apps listed above are either approved by the FCCPC or licensed by the CBN. Always check the FCCPC’s official list before borrowing.
3. Can I get a loan without collateral?
Yes, most of these apps (like Branch, Palmcredit, and FairMoney) give 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 loan apps: Branch, FairMoney, Palmcredit, and others are the most popular loan app in Nigerians for instant loan.
They’re fast, simple, and widely used—but should always be used responsibly.
Borrow what you can repay, and check the app’s term and conditions before taking any loan.
