Loan apps come in handy when you are in a tight financial position. You may not necessarily need a lot of money, only, a small amount to balance up expenses or clear bills. This is where being able to access loans instantly is a blessing.

How do you know for sure that you wouldn’t be wasting your data downloading a particular loan app on playstore only to be declined? This is why you have to read this to the end because we will take you through the various loan apps that will give you loans instantly.

FairMoney, one of the best loan apps on playstore

One of the best loan apps on playstore is FairMoney. They have good customer loan proposals. Once you fill in the necessary personal and bank details, your eligibility will be processed, and you can access loans.

As a first-time customer, you can access loans amounts up to N5000 and pay back N6000 in the next 10- 20 days.

Newer amounts include N20000, N30000, N150000, etc.

If you want to sign up, you need the phone number that your BVN is registered with and a password of your choice.

Loan amounts are subject to change and it is dependent on your credit score. You have to build a good credit score to access higher loans. This means you have to learn to pay your due loans on or before due dates.

Download the fair money loan app here


Carbon is another loan app that you access money instantly and without hurdles. Again, you have to sign up with all of the necessary details.

For first-timers, you will access the sum of 2000 Naira only. With an improved credit score, you will access loan amounts such as N4000, N7000, N21000, N36500, N38200, etc.

If you have an increased credit score, you will be given a long-term loan duration too. This means you can borrow a certain sum of money, and pay it up in 2-3 months. Your loans will be split into manageable amounts so that you can pay them up for each month.

Download the carbon loan app here

PalmCredit, voted, one of the best loan apps on playstore

A lot of people say Palm credit is the best loan app, and this is because of the interest, they give on each loan application. Loan interest ranges from 7%-24% depending on the duration of debt and probably the amount loaned.

First-timers gain access to the sum of N8000. Subsequent amounts that can be issued include N9000, N11000, N12700, N15000, N18400, N24900, N32900, N35000, etc.

The amount you are eligible for can be increased if;

  • Set up more than one card for payment
  • Run face identification
  • Provide more than one phone number
  • Provide your Facebook account
  • Provide your driver’s license
  • Provide your credit history
  • Run the daily limit package.

With or without any of the above, you can gain access to more money if you pay on time as it is with the rest of the other loan apps.

Download the PalmCredit loan app here


Jumiapay follows the same procedure and you can access loan amounts up to N10000,for first-timers. Other amounts include N13000, N17000, N22000, N27000, N30000, N35000, etc.

Read also: How to build a good credit score in few Easy Steps

All in all on-time payment helps increase your credit score and gives you access to higher loan amounts.

Download the jumiapay loan app here

BlackCopper, Branch, and Aella

The three loan apps above give you access to funding instantly as well. BlackCopper has the special function of debiting your account on due dates, so that you do not miss payment dates and reduce your credit score. Branch and Aella app loan you money instantly as well. The key is to pay your debts on time, and you will access higher loan amounts.

Download the BlackCopper loan app here

Download the Branch loan app here

Download the Aella loan app here

Kashkash and EasyCredit, newest loan apps

These two loan apps are owned by the same financial institution. They are reliable and you can choose to work with them throughout your loan journey. Kashkash gives you 15days, while EasyCredit gives you 10day to repay any of the money you borrowed. They both start with N5000 Naira for first-timers and increase up to N30500 or N35000. All you have to do is fill in your personal and bank details and you are good to go.

Download the Kashkash loan app here.

Download the EasyCredit loan app here


It’s easy to access funds with the presence of all of the mentioned loan apps and more. The most important thing is for you to pay your loan on time. This will improve your credit score and grant you better loan amounts in the future. You have to go through the terms and conditions of each loan app before applying.

Read also: Are the unemployed qualified for loan options?

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