There are currently tens of loan apps in Nigeria that provide small-scale loans to clients who require them. Nonetheless, for a time, it was problematic for those who require loans in excess of 100k, as many applications do not extend that far. This article concludes your quest as it discusses loan applications in Nigeria that offer more than 100k

What financing apps in Nigeria can provide more than 100k

The tried-and-true applications that can grant more than 100,000 Naira in Nigeria are as follows:

Carbon, previously Paylater:

Carbon is a mobile-based service for obtaining a short-term financing. In addition, they offer two main packages for salary earners and one for everyone else. Additionally, the app can be used to pay other expenses, including recharge cards and PHCN.

Branch:

Branch is an application that provides unsecured loans. In actuality, the only requirement is to register by providing personal information. After registering, you can borrow as little as N1,000 or as much as N200,000 at a high interest rate.

Borrow up to N100,000 at the most reasonable rates in Nigeria.

Using our loan simulator, you can now compare interest rates from various lenders and find the best offer. Before committing to a loan, it is necessary to compare different loan offers in order to make an informed choice. Through our simulator, you can view loan offers from multiple lenders in less than 5 minutes, allowing you to make an informed decision about your financing.

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Aella credit:

This application facilitates access to quick funds for those in need. In addition, it focuses on employees with stable incomes and is affiliated with various Nigerian credit bureaus. Because they use an algorithm to determine your creditworthiness before sanctioning loans, this is the case.

KiaKia:

Quick, simple, and stress-free, just like its Yoruba name kiakia, which means quick. This program provides loans of up to N200,000 with variable interest rates based on the nature of the loan. In addition, the term is between 7 and 30 days.

Xcredit:

Despite its lack of popularity, xcredit is one of the best loan apps in Nigeria that offers a solid loan package to consumers. Currently, they offer loans ranging between N2,000 and N500,000. In addition, their loan duration is approximately five months and they do not require collateral. However, you must provide your bank account information.

9ja cash:

Similar to xcredit, 9ja cash is a relatively unknown but fully functional application. They will lend you up to a staggering N300,000 for a term of 180 days. However, their interest rates may be quite exorbitant, ranging from 1% to 34%.

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Included among the notable mentions are Palmcredit, 9credit, lend me, and Sokoloan. However, we did not include them on our list because, at the time of writing, their utmost loan amount was 100k Although things may change in the future, they do not meet the requirements of this article as written. However, they are trustworthy and can be relied upon.

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Utilize this loan comparison platform, which allows you to weigh the pros and cons of various app offers within minutes, to make a thorough and well-informed decision before selecting a loan application. This ensures that, as much as possible, you only accept the most advantageous offer.

How do I request a loan?

The application process is straightforward and pertains to all of these submissions. Simply obtain their official app from the Google Play Store, and then register. After registering successfully, you can then request for a loan. Additionally, note that while some apps limit the utmost amount a new user can borrow and increase it over time, loanspot.africa has minimal restrictions.

Conclusion

Increasing numbers of citizens are becoming aware of how simple it is to obtain a loan, causing the importance and usage of loan applications to rise rapidly. In addition, you can rest assured that every app listed on our website has been tested and is reliable. Simply download and register to gain access to their loan benefits.