Top 10 Best Long-Term Loan Apps in Nigeria In 2024
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Top 10 Best Long-Term Loan Apps in Nigeria In 2024
It’s no longer news that people often find themselves in need of quick financial assistance to cover unexpected expenses or invest in long-term projects.
Long-term loan apps in Nigeria have emerged as a convenient and accessible solution for Nigerians seeking such financial aid.
In this article, you will explore the best long-term loan apps in Nigeria for 2024, their requirements, downloads, how to apply for a loan, and their founding year.
Without much ado, let’s quickly delve in right now.
Top 10 Best Long-Term Loan Apps in Nigeria In 2024
Palmcredit
Palmcredit, is one of the most popular and best long-term loan apps in Nigeria. This loan app is known for its ease to use interface and flexible repayment options, Carbon offers loans ranging from N5,000 to N500,000.
To apply, you must be at least 18 years old, have a valid BVN, and have an active bank account.
Once you have that, proceed to download the Palmcredit loan app from the Google Play Store or Apple App Store and follow the application process.
OKash
OKash is another reliable and one of the very best long-term loan app in Nigeria in 2024 that provides loans between N2,000 and N1,000,000.
Before you can apply for this loan, you must be at least 18 years old, have a valid BVN, and have an active bank account.
To get started, download the OKash app from the Google Play Store or Apple App Store. Once downloaded, open the app and sign up.
KwikCredit
KwikCredit is a loan app that offers loans ranging from N2,000 to N100,000.
Although this loan app may look unpopular but it’s definitely one of the best long-term loan apps in Nigeria in 2024.
Similarly to other loan apps mentioned earlier, users must be at least 18 years old, have a valid BVN, and have an active bank account.
Once you meet the requirements, you can proceed to apply for a loan.
Note that the amount of money you can borrow will depends on your creditworthiness.
Aella Credit
Aella Credit is a reputable long-term loan app in Nigeria that provides loans between N5,000 and N200,000. This is a loan app that has been doing really great for tye the past 7 years I’ve known it.
They have a flexible loan repayment. Apart from offering loan service, you can also enjoy some other services which includes savings, paying utility bills, airtime and data purchase etc.
Read: Best Loan Apps for N10,000, N20,000, N30,000 Naira Loans in Nigeria (2024)
To get a loan from Aella credit, ensure you’re at least 18 be years old, have a phone number linked to your BVN. Download app and follow the processes of application.
Migo
Migo is a loan app that offers loans between N5,000 and N150,000.
While applying for a loan with Migo loan is simple, it’s essential for you to meet their loan requirements such as being at least 18 years of age, have a bank account where the loan will be disbursed to, be ready to provide contact details of two or more people on your contact list.
To get the loan, firstly download the app from Google play store, sign up, login and follow the prompts to get the loan.
Branch
Branch is a popular long-term loan app in Nigeria very similar in features to Aella credit. It’s a loan app that offers loans between N5,000 and N150,000.
This loan can be gotten of the essential requirements are met.
They also have a flexible loan repayment making it easier for borrowers to repay without difficulty.
To get started, visit the Google play store download the app and follow the prompt to apply.
Renmoney
Renmoney is one of the leading loan apps in Nigeria, offering long-term loans with a repayment period of 61-180 days.
They have over 10 million downloads and provide quick online loans.
To apply, you need to download the Branch app, create an account, and provide the necessary personal and financial information.
FairMoney
FairMoney is a popular lending app in Nigeria with over 10 million downloads. They offer long-term loans and have competitive interest rates.
To apply, you need to download the FairMoney app, register, and provide a your BVN, your full name, home address, office/work address, location, your monthly income etc as requirements.
Specta by Sterling Bank
Specta is a loan app offered by Sterling Bank that provides long-term loans.
They have a seamless application process and offer loans with attractive interest rates. If you need to apply for specta loan, download the Specta app, sign up, and complete the application process by providing the required information.
Once you’ve provided the requirements details, proceed to choose the amount you need. Your creditworthiness would be accessed.
If you’re eligible for the loan, it will be disbursed to your bank account immediately.
Fint Loan
Fint Loan is a trusted loan app in Nigeria that offers long-term loans. They provide loans with competitive interest rates.
To get started with the loan application, download the Fint Loan app, register, and complete the application process by submitting the necessary documents.
FAQs On Best Long-Term Loan Apps in Nigeria
The following are some frequently asked questions on Best Long-Term Loan Apps in Nigeria 2024 with answers:
Which is the most trusted loan app in Nigeria?
There are several loan apps available in Nigeria, and determining the most trusted one can be subjective as it depends on individual experiences and preferences.
However, some loan apps that are widely recognized and have gained a significant level of trust among users in Nigeria include:
Carbon (formerly Paylater): Carbon is one of the most popular loan apps in Nigeria, offering instant loans to individuals and small businesses.
Branch: Branch is another reputable loan app in Nigeria that provides instant loans to users. It offers competitive interest rates, flexible repayment options, and has a good track record for customer service.
FairMoney: FairMoney is a trusted loan app that offers quick loans to individuals in Nigeria. It provides loans without collateral and has a simple application process.
Renmoney: Renmoney is a well-known loan app that provides personal loans to individuals in Nigeria. It offers competitive interest rates, flexible repayment plans, and has a reputation for reliable customer service.
Which loan app gives 50000 instantly?
Several loan apps in Nigeria offer instant loans up to 50,000 Naira. Here are some options:
- Carbon (Paylater): Carbon offers instant loans ranging from 10,000 Naira up to 1 million Naira. Depending on your creditworthiness, you can access up to 50,000 Naira instantly through the app.
- Branch: Branch also provides instant loans up to 50,000 Naira. The loan amount you can access instantly may vary based on your credit profile and repayment history.
- FairMoney: FairMoney offers instant loans ranging from 2,500 Naira up to 3,000,000 Naira. Depending on your eligibility, you can access up to 3,000,000 Naira instantly through the app.
Can a loan app access my contacts if uninstalled?
Loan apps usually require permissions to access certain information on your device, including contacts, for verification purposes.
However, once you uninstall a loan app from your device, it should no longer have access to your contacts or any other information stored on your device.
How do I remove my personal information from a loan app?
To remove your personal information from a loan app, you can follow these general steps:
- Open the loan app on your device.
- Go to the settings or account section within the app.
- Look for options related to privacy or data management.
- Find and select the option to delete or remove personal information.
- Follow any additional prompts or instructions provided by the app to complete the process.
