Nigeria Loan

Best 3 Nigeria Loan App for Quick Cash to Paylater Without Collateral


A loan helps both Individual and businesses to meet obligations Financially. Majority of Nigeria loan company requires to forms of collateral before giving out loan to an individual or Businesses to ensure the borrower will payback. However, Not everyone has a property they can tender as collateral in other to access a loan in Nigeria. So, that brings us to today’s article where we will talk about some companies that offer loan to individual and businesses without collateral or Going to Physical location.

Nigeria LoanWithout Capital, there’s no business if you are looking at going into business and you’ve got no capital, then With the easy and quick online loan platform, you can easily asses loan to start your business. On this article, we will talk about the Top 3  top online lending platforms in Nigerian that offers Individual and small businesses loan without collateral using their official app or platform and their features.

Nigeria Loan App Without Collateral

There are tons of amazing loan apps in Nigeria, but here we will talk of a few of them.

  • Carbon (Paylater) Loan App
  • Branch Loan App
  • FairMoney loan App
  • FastLoan App: This is Powered by Fidelity bank.
  • RenMoney Platform
  • PalmCredit Loan App

Above are some Amazing Loan App based on Customer Reviews. However, we will discuss the Best 3 loan app.

Carbon (Paylater) Loan App

Carbon is one of the best Loan apps in Nigeria. They are Formerly called Paylater, Carbon offers more than loan, on this app you can save money, send fund to family and friends, recharge your phone, pay bill bills (Utility, GOTV, DSTV, BET9JA), you can invest money in the payment portfolio which is added recently (PayVest) and much more. Carbon is very secure, fast, reliable and it works 24 hours daily and it’s currently available in Ghana and Nigeria.

However, one can get a fast loan up to the sum ₦1million within the period 5 minutes without collateral via Carbon loan app. Note this is based on your credit score and repayment can be done within a period of 30 days to 6 months. Once the application is approved, the fund will be transferred to you Instantly.
Kindly download the app on Google Play Store, Its currently not available on App store.
You can as well visit their official platform.

Branch Loan App

The branch is an amazing app, it grants to loan within 24hours as soon as your application approved and it works for 24 hours, without collateral or any document. Application can be completed within a few minutes and you get to receive your fund straight to your registered account. It’s fast, reliable and very convenient. The loan repayment period is 30days, which can also be spread out weekly. The Branch App is currently available in Nigeria, Kenya, and Tanzania.
Kindly download the App on Google play store, it’s not available on App Store for now. Or visit their official platform

FairMoney loan App

Fairmoney is a good lending app for quick Loan Nigeria, Fairmoney offers quick cash for Education, Health, Personal finance, Car repairs, Payment of Rent and much more. With no collateral, but by your creditworthiness. There’s also business loan which is available for small business or to develop a current or existing business. The fund is will be transferred to your bank account in 10 Minutes. Go to their official website or google play store to download their App.

RenMoney Platform

Here you can get a loan up to N5,000,000 with the repayment plan for the period of a year, there’s on thing about them. Kindly Note: RenMoney doesn’t offer a self-employed loan but Employed. But if by any chance offer self-employed loan, then the repayment plan will be weekly payment and is for a period of 6 months. Visit their platform to learn more.


With our above review, you can make your choice on which to use.

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