New loan apps are recently launched platforms that provide fast personal or business loans to users. Most of these new loan apps are regulated or approved by the Central Bank of Nigeria (CBN) and other relevant agencies to ensure safety and compliance.
But how can you find these new loan apps so you can try them out? That’s what this article is all about. We will reveal the top 4 new loan apps in Nigeria launched between 2024 and 2025. We’ll also share tips on how to find other new loan apps in Nigeria 2025.
Top 4 Best New Loan Apps in Nigeria 2025
Loan apps in Nigeria are becoming more popular, with new ones launching every year. Many of these apps promise fast and easy loans for both individuals and businesses.
Here we will reveal the top 4 new loan apps in 2025, their loan terms, and what users are saying about them.
1. CashX (CashXpress Nigeria Ltd)
- Launch: March 2024
- Loan Type: Personal, small business loan
- Loan Amount: ₦3,000–₦300,000
- Interest Rate: 2–4% per month (approx. 24–48% APR)
- Repayment Term: Average of 65 days
- Approval Time: Under 15 minutes
- Platform: Android only
- Regulation: FCCPC-registered
- Downloads: Over 500,000
CashX is one of the new loan apps in Nigeria launched in 2024 to provide small, short-term loans for those looking for personal loans without collateral.
The app requires only your BVN for verification, and approvals are automated, enabling instant funding.
It has been downloaded over 500,000 times; some users praise its speed, transparency, and high approval chances. We can say this app is for those who need emergency funds or quick working capital.
New loan app? Consider CashX loan app, click here to download
2. SecuCash (Instawave Internet Tech)
- Launch: 2025
- Loan Type: Instant personal loans
- Loan Amount: ₦1,000 – ₦100,000
- Interest Rate: Up to 19% per annum (approx. 1.58% monthly)
- Repayment Term: 91–180 days
- Platform: Android only
- Regulation: FCCPC-licensed
- Downloads: Over 500,000
- Rating: 4.6★ (37,500+ reviews)
SecuCash, launched in 2025, is another emerging loan app in Nigeria that claims to offer loans with one of the lowest APRs among instant loan apps. It also comes with a free digital wallet for transfers, utility payments, and banking services.
The app is user-friendly and can offer loans without collateral. Some of its users praise the app’s reliability and low rates; there are occasional reports of repayment-related glitches. It’s a good option for users looking for lower-cost, flexible loans.
3. Oxygen X (Access Holdings Plc)
- Launch: Early 2024
- Loan Type: Salary advances, SME loans
- Loan Amount: Up to ₦10 million
- Interest Rate: 4.15–6.75% monthly (up to 81% APR)
- Repayment Term: 3–24 months
- Platform: Web-based (mobile app coming soon)
Regulation: Fully licensed by CBN
Oxygen X is a new loan app that was launched in early 2024 for individuals and small businesses who need a broader loan range and longer loan tenures.
You can apply for loans without having an Access Bank account. It also offers large asset financing (e.g., solar or vehicle loans) and business capital loans. This loan app is backed by Access Bank and is best for medium-to-large loan needs, especially for salary earners and entrepreneurs.
See Also: 30 best loan app in nigeria 2025
4. CreditDirect Mobile (Credit Direct Ltd.)
- Launch: April 2025
- Loan Type: Salary loans, Buy Now Pay Later (BNPL), savings
- Loan Amount: Up to ₦1,000,000 (BNPL); salary loans vary.
- Interest Rate: Not disclosed for loans (savings yield up to 21% per annum)
- Repayment Term: Based on product type
- Platform: Android and iOS
- Regulation: CBN-licensed
- Rating: 4.2★ (583 reviews)
The CreditDirect Mobile app is one of the new digital lender platforms that was launched in 2025 that offers salary-backed loans, BNPL services, savings, and digital wallets.
The app is well-designed for both government workers and salaried employees, for ease of access and strong customer support. Its multi-functional approach makes it suitable for users looking for more than just loans.
Need load without BVN? Check this out: Loan Apps Without BVN in Nigeria (2025 Review)
Top New Loan Apps Key details
| New App | Max Loan Amount | Interest Rate | Repayment Term | Regulation | Platform | User Rating |
|---|---|---|---|---|---|---|
| CashX | ₦300,000 | 2–4% monthly | ~65 days | FCCPC | Android | – |
| SecuCash | ₦100,000 | ~1.58% monthly | 91–180 days | FCCPC | Android | 4.6★ |
| Oxygen X | ₦10 million | 4.15–6.75% monthly | 3–24 months | CBN | Web/mobile | – |
| CreditDirect Mobile | ₦1,000,000 (BNPL) | Not stated (up to 21% yield for savings) | Varies | CBN | Android/iOS | 4.2★ |
Summary: New Loan Apps in Nigeria
So far, we have discussed the top four new loan apps you can try. These include CashX, SQL Cash, OxygenX, and Credit Direct Mobile. While these apps are among the latest options, they are not the only new loan apps available. There are many others you can explore.
The question is, how can you find these new loan apps? It’s very simple. Start by going to the Google Play Store on your phone. In the search bar, type “Loan App.” At the top of the search results, you will see a filter option called “New.” Tap on it. This feature will display only the recently launched loan apps.
From there, you can browse through the list of available apps. Before downloading any new loan app, take time to review some important details. Start by reading the About section to understand what the app offers and its main features. Next, check the Terms and Conditions so you know the requirements, repayment periods, and interest rates. Finally, go through the user ratings and reviews to learn about other users’ experiences with the app.
Doing this will help you avoid downloading apps with poor user experiences or bad reputations. Always research carefully before choosing a loan app to ensure safety and reliability.
One of the best steps to take before taking a loan is to read each app’s user review. Click here to see other reviews of loan apps in Nigeria so that you know their interest rates, user experience, and rating.
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