How to get loan in minutes in Nigeria

If you need some quick cash to solve an urgent problem, you might be wondering how to get a loan in minutes in Nigeria.

Fortunately, there are many online platforms popularly known as loan apps that offer fast and easy loans without collateral or paperwork. 

In this article, I will review some of the best loan apps in Nigeria that can give you access to funds in a matter of minutes.


Specta is an online lending platform powered by Sterling Bank that gives you loans of up to N5 million in 5 minutes. 

You don’t need any collateral, guarantor or visit to any office. You just need to sign up on their website or app, provide some basic information and upload your bank statement.
You can choose a repayment period of 1 to 12 months and enjoy a low interest rate of 25.5% to 28.5% per annum.
Fairmoney logo
Fairmoney Logo 


FairMoney is another popular loan app that offers instant loans of up to N500,000 with a repayment period of 15 days to 6 months. 

You just need to download the FairMoney app, sign up and follow a simple application process to get an instant loan in only 5 minutes.

FairMoney is a fast, secure, reliable and free Android mobile banking app, available in Nigeria. 

They make getting loans and paying bills enjoyable and easy.


JumiaPay is not just an e-commerce platform, but also a loan app that offers both new and existing users low-interest loans in minutes in Nigeria. 

Using the app, you can access a huge loan amount ranging up to N500,000. 

After applying, you get your loan disbursed directly into your bank account within minutes. 

You can also use JumiaPay to shop online, pay bills, buy airtime and data, and enjoy cashback rewards.


KwickCash is a service that allows you to get instant loans without BVN or collateral. 

You just need to dial *561# from your phone and follow the prompts to apply for a loan of up to N100,000. 

You can choose a repayment period of 14 days to 30 days and pay back with a 15% interest rate. 

KwickCash is available on all networks and works with any bank account.

Other loan apps 

Some of the other loan apps in Nigeria which can give loans in minutes are; 
  • Carbon loan app 
  • Page financials 
  • Branch loan app 
  • Play loan app 
  • Easybuy loan app 
  • Access more loan app
  • Palmpay
  • Fundy loan app
  • Zuma cash loan app 
  • Icredit loan app
  • Daily loan app
  • Easykash loan app 
  • Okash loan app 
  • Umba loan app 
  • Newcredit loan app
  • Renmoney 
  • Migo loan app 
  • iMoneyPlus loan app

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