Quite a number of feedbacks, commendations and complaints have been received from users of loan apps in Nigeria about the lending practices by FINTECH platforms that have cropped up to help millions of unbanked and underbanked citizens of the country have access to quick loans and around the clock financial services.
QUICK LOAN ARENA has decided to change the narratives by making our own recommendation of the top 6 loan apps in Nigeria that have exceeded 500k reviews from customers and crossed 5 million downloads as of Q4 2022 from customer feedback and practical experiences they have experienced.
The make up of this carefully selected list of 6 most used, most reviewed and most downloaded lending platforms in Nigeria are in our opinion the most legit instant loan apps in 2022 for emergency cash loans, for low interest, with the highest loan amounts.
Many of these digital lending loan apps FINTEC platforms come with very high-interest rate and shorter loan tenure, but the rate and timing at which it quickly takes lending decisions and disburses funds to borrowers’ account have made many of them become the darling of many Nigerians, no thanks to the cumbersomeness, requirement for collateral, excessive waiting time and documentation need that the traditional banks require before you can access their loans.
In this article, QUICK LOAN ARENA looks at the number of reviews made by loan apps customers and the amount of time these apps have been downloaded by Nigerians on Google Play Store to determine how often they are been used. It would surprise you to note that some of these lending apps have more customers on Play Store than many traditional deposit money banks in Nigeria.
Top 6 loan apps in Nigeria that have exceeded 500k reviews, 5 million downloads (As of Q4 2022)
Find below the top 6 loan apps that have exceeded 500k user reviews and feedbacks and have been downloaded for up to or more than 5 million times on Google Play Store as at the beginning of Q4, 2022.
Branch Loan App — (10 million+ downloads)
FairMoney Loan App — (5 million+ downloads)
Palmcredit Loan App — (5 million+ downloads)
Okash Loan App — (5 million+ downloads)
PalmPay Loan App — (5 million+ downloads)
Carbon Loan App — (1 million+ downloads)
