Sometimes, a situation may arise whereby you may want to get a 50k instant loan, but after checking some loan apps, none of them offered you up to a N50k loan option.
While most loan apps Nigeria may require a customer to have patronized them for a certain number of times, before giving them a loan of up to 50k, there are still some loan apps where you can get up to 50k loan even at your first time, as long as you have a good credit score.
Best Loan Apps Where You Access Urgent 50k Loan & Above in Nigeria
There are lending platforms in Nigeria that offer instant loans up to N50k, and some of them are discussed below:
1. Carbon Loan App
Carbon is one of the leading lending platforms in Nigeria where you can get an instant 50k loan in Nigeria. With this loan app you can access even up to 1M naira instant loan. The loan application process can be completed online as there is no paperwork or collateral required.
Carbon offers loans with competitive interest rates and their loan term is flexible to enable borrowers to pay back their loan without breaking the bank.
Requirements for Accessing Carbon Loan
- Functional bank account.
- Bank Verification Number(BVN).
- Stable & reliable income source.
- Valid means of identification.
- Active phone number.
2. Fairmoney Loan App
On Fairmoney, you can get 50k loan and even up to 500k instant loan without guarantor or any form of collateral. Their loan term is flexible and they also offer you an option to extend your repayment plan.
Just like Carbon, you can apply for a Fairmoney loan online with ease. And if you’re qualified, the loan amount will be disbursed to your nominated bank account.
Eligibility Criteria for Fairmoney Loan
- Active bank account.
- Must be resident in Nigeria.
- Authentic means of identification.
- Steady income source.
3. Branch Loan App
Another loan app in Nigeria where you can get urgent 50k and above is Branch loan app. Just like other online lending platforms in Nigeria, there is no collateral required to apply for the Branch loan and the loan application process can be completed online.
Branch loans have a repayment plan of up to 15 months, giving borrowers enough time to repay their loan.
Requirements to Apply for Branch Loan
- Bank Verification Number
- Valid means of identification
- Stable income source.
- Functional bank account without positive account balance.
4. Okash Loan App
With the Okash loan app, you can access even up to 1 million collateral free loans. Their loan interest rate is competitive with a flexible repayment plan which makes it idle for borrowers seeking temporary financial relief.
Requirements for Okash Loan
- Valid means of identification.
- Active account number for loan disbursement.
- BVN
- Reliable income source.
5. Renmoney
Renmoney is another top player in the online lending sector in Nigeria. With this loan app, you can get an instant 50k loan and even up to a million naira. For Renmoney repayment plan,they offer a loan term up to 24 months which is really flexible.
Eligibility Criteria for Renmoney Loan
- Stable income source.
- Applicants must be between the age range of 22 – 59 years old.
- Active bank account.
- Valid means of identification.
6. Aella Credit Loan App
Aella Credit loan app is another loan app where users can access urgent 50k. And guess what, the minimum loan amount that you can access from Aella Credit is 50,000 Naira. With this, you can agree with me that it is one of the idle options where you can access instant 50k with ease.
This loan app is available for Android & iPhone users respectively. Hence, to access the loan you can download the loan app from the official app store, create an account with your personal information and complete the loan application form. There is no need for collateral or guarantor so the whole process can be completed electronically. The Aella Credit loan interest rate is relatively low and their repayment plan is flexible.
7. PalmCredit Loan App
PalmCredit is another popular lending platform in Nigeria that offers instant loans upt to 50k or even up to N1 million. Their loan term is up to 5 months, and their loan application process can be completed online.
Requirements
- BVN.
- Active bank account.
- Valid means of identification.
- Must be a Nigeria resident.
- Age range of between 18 to 55 years.
8. KiaKia
Kiakia is a P2P platform where you can access 50k instant loans. The platform offers instant loans to both individuals and businesses. Their loan application process is hassle-free and can be completed online.
However, Kiakia doesn’t have a mobile app hence you can only access their loan via their official website. Their interest rate and repayment plan is friendly too.
9. Quick Checks
Quick Checks is another loan app where you can access quick 50k loans to meet your urgent financial needs. Just like their counterparts in the online lending sector, they offer collateral free loans without collateral.
Requirements
- Stable income source.
- Must be resident in Nigeria.
- Valid ID.
- BVN
- Active bank account for loan disbursement.
10. Irorun Loan App
The last but not the least of the loan apps where you can access urgent 50k loans in Nigeria is Irorun loan app. They offer instant loans to their users with competitive interest rates, and their loan tenure ranges from 15 – 30 days which is relatively short.
