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Top 10 Online Loan Platforms that Offer 24hrs Loan in Nigeria

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24hrs loan in Nigeria

Top 10 Online Loan Platforms that Offer 24hrs Loan in Nigeria

There are several ways to get a quick loan in Nigeria. With the increasing number of digital financial service platforms providing quick loans to prospective customers, you can now get an online loan within 24hrs.
There are even some that offer loans in less than five minutes.
With technological advancement, traditional lending institutions are now experiencing disruption with innovative digital services that are making the borrowing process easy and more convenient.
Although the system is easier now, some of them will require that you have a good credit score before you can access a loan.
With the ease of borrowing, you can now easily raise capital for your business without stress.

Online Loan Platforms that Offer 24hrs Loan in Nigeria

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Renmoney is one of the lending platforms in Nigeria that provides small-business loans up to N4 million.
To acquire a Renmoney SME loan, your business must have a good income statement history and can boast of regular monthly earnings for repayments.
The minimum loan amount is N100,000 with an interest rate of 2.8% per month.
The platform also makes it easy to access funds for capital-intensive businesses like in the case of a real estate company in Nigeria.
The Renmoney loan app offers a great user experience because of its highly responsive page
Convenient and secure
They design the app with the best security and privacy standards.
The loan application process on the app is quick and seamless.
There is no way to cancel your loan application once the loan application is submitted.


Previously known as PayLater, Carbon Loan is a lending platform that gives you access to a loan in minutes to applicants.
The 3-year-old lending platform prides itself as “a simple digital finances management platform” that offers instant online loans to help you cover urgent and unexpected cash needs.
The platform uses your Bank Verification Number (BVN) to decide your loan worth.
Its loan amount is as high as N20 million while interest varies.
Carbon is available on the web, and on mobile apps for both Android and iOS.
Their loan rates range from 5 – 15%, and this depends on the loan repayment period and the amount of money you borrow.
Aside from being one of the top lenders in Nigeria, Carbon provides a platform that allows its customers to transfer funds, recharge airtime, and pay bills.

Carbon financial services are available 24/7on the app
Easy and secure loan app
The bank transfer is fast, and the charges are very affordable
The app experiences bugs. Although, an update on the app fixes most of the bug issues on the app.


Branch Loan is another company that offers quick online loans in Nigeria.
You can access loans from ₦1,000 to ₦200,000 within 24hrs, and you are given a period of 4 to 40 weeks to pay back.
This app is regarded as one of the most reliable loan apps in Nigeria because of its mode of operation. Their interest rates ranges from 15% to 34%.
As an applicant, you don’t need any collateral or income-generating assets to get a loan from the platform.
Interest rates are determined by a number of factors, which includes the lender’s repayment history and the cost of lending for Branch.
Branch has made it simple for Nigerians to access quick loans from anywhere in the country without physical engagement or collateral.

The app is simple and straightforward to use
Branch Mobile app uses world-class security and data encryption to keep user data secure.
The user interface design of the app is beautiful and easy to interact with.

Aella Credit

Aella Credit is a loan software in Nigeria designed to help employees access more funds between 1,500 to 700,000 at an interest rate between 4% – 29% monthly.
Aella Credit is available in Nigeria, Ghana and the Philippines.
Like most of the platforms on this list, the Bank Verification Number is one of its requirements.
Its loan period spans between 1 to 2 months.

The app is easy to use with first-time users in mind.
You do not have to pay for any agent or convenience fee to make transfers


FairMoney is a licensed loan app that provides quick loans to cater to emergency payments.
The app requires your Bank Verification Number and your debit card to obtain a loan. Their loans range from ₦2,500 to ₦150,000.
Interest rates on FairMoney start at 5% and can grow up to 28% depending on how much you are borrowing.
Their loan terms have a duration of 4 – 26 weeks.
If you pay back your loan before the due date on the app, you will repay at a reduced interest rate.
Loan processing on the app is fast and worry-free
The app is easy to use even for first-time users
Nice user interface


KiaKia is an online platform where you can get a loan in Nigeria as an individual or a business.
Powered by Sterling Bank Plc, this lending platform also permits savers to lend out funds at negotiated interests through intuitive conversations.
Its minimum loan amount starts from N50,000 with an interest rate of 3.5% monthly.

Rapid loan disbursement time
Simple loan application process
Collaterals or guarantors not required
Loans are only available to the employed or steady-income earners
The maximum loan amount is limited to your level of income


QuickCheck provides up to N500,000 instant loan online in minutes. However, you can only access up to N10,000 for a period of 30 days as a first-time user.
Their repayment terms mention that early loan repayment guarantees lower interest rates and higher amounts.
Plus, interest on loans is only paid for the number of days you collect the loan.
Like other loan platforms, QuickCheck also requires your BVN for security and verification purposes. Your bank account number is needed for the disbursal of your approved loan.
Collateral or guarantors are not required
Quick disbursement time after loan approval
Easy-to-use platform
Maximum loan amount of N200,000
High-interest rate of up to 30%

Fint Loan

Fint Loan app grants you access to affordable loans.
This is one of the loan platforms in Nigeria that provides the opportunity to get loans at as low as 2% interest monthly.
You can get this loan for your medical bills utilities, rent, school fees, and bills for yourself and your co-workers once you register your company on the FINT employment model.
It offers a place for businesses to get alternative funding
Fint helps investors identify high-value businesses to invest in and get a profit
Long verification process
Fint is more of an investor-to-business platform, making competition on the platform very high as several businesses are in need of investment.

Jumia Loan

This is a quick cash loan platform established by Jumia to provide its users with instant loans.
Jumia loan is accessible on the JumiaPay Android app on Google Play Store.
All you have to do is to download the app, navigate to the financial services section, and enter your details.
Once your request is approved, you get your loan without collateral.

Does not require a guarantor or collateral to access
Easy application process
Quick disbursement time
Low-interest rate of 3.5%
Maximum loan amount is relatively low.

Opay Loan

Popularly known as the Okash loan, this is a lending platform owned and operated by Opera.
They have positioned themselves as one of the best loan companies in Nigeria today.
To access an instant loan, all you have to do is to download the Okash mobile app.
Open an account, provide your details, and wait for the approval. You will get your loan within 24hrs.
Easy loan access
Low maximum loan amount of N50,000
High-interest rate of up to 36% per annum
They select the loan for you


Getting a loan has become easier. Indeed, you can now get a 24hrs loan in Nigeria without providing any collateral.
Just go through the list and choose a preferred lending platform.
The highest amount of money you can borrow differs from platform to platform.
Each lender has its own borrowing limits and terms.
Also, some of these lenders can approve your loan request in as little as 5 minutes.

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