7 Top Loan Apps That Give More Than 100k in Nigeria

In Nigeria, getting more than ₦100,000 has become a breeze, thanks to user-friendly apps. These apps make borrowing simple, and you usually don’t need to give valuable stuff or deal with loads of paperwork. What’s more, they’ve been a big help to many folks with their money needs, both personal and for business.

1. Carbon (Paylater):

• Offers quick loans for urgent needs.
• Borrow: ₦1,500 to ₦1M.
• Pay back: Up to 64 weeks.
• Interest: 1.75% – 30%, with a monthly rate of 1 – 21%.

2. Branch:

• Get speedy loans up to ₦500,000.
• Interest: 2% to 18% based on how safe they think you are.
• Pay back: 62 days to 1 year.

3. Aella Credit:

• Loans from ₦2,000 to ₦1,500,000.
• Pay back in 61 to 365 days.
• Monthly interest: 2% – 20%, APR: 22% – 264%/year.
• Early pay discount: Up to 60%.

4. KiaKia:

• Get loans for your business or yourself, even up to N100,000,000.
• Pay back in 30 days to 24 months.
• Flexible interest rates, as low as 6.5%.

5. XCredit:

• Borrow from N2,000 to N500,000.
• Pay back in about 5 months.
• No need for valuable stuff; interest is 12% of what you borrow.

6. PalmPay:

• Get instant loans up to ₦200,000.
• No forms or valuable stuff needed.
• Interest: 15% to 30%, depending on how much you borrow and your credit score.

7. 9ja cash:

• Borrow up to N300,000, choose to pay in 91 to 720 days.
• Interest: 10% to 28% each year.
• Example: If you borrow ₦20,000 for 120 days with 18% yearly interest, you pay N1,200 in total interest.

Conclusion:

These apps changed how Nigerians get money, offering an easy way without lots of rules. They give you money quickly, and you don’t have to give anything valuable or do too much paperwork. With loans more than ₦100,000, they cover many money needs. If you need cash for yourself or your business, try these apps—they can help.