Loan Apps That Can Give More Than 100k in Nigeria

loan in nigeria

If you’re in Nigeria and need a loan larger than 100k, you might have faced challenges finding the right loan app. Many loan apps in Nigeria focus on providing small-scale loans, leaving those needing more significant amounts with limited options. However, a few reliable loan apps can help you access loans of more than 100k. In this article, we will explore these loan apps and provide you with all the information you need to make an informed decision. 

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Carbon (formerly Paylater)

Carbon is a well-established loan service in Nigeria that offers loans through a mobile app. This app caters to salary earners and individuals who do not receive a regular salary. With Carbon, you can conveniently access loans and pay bills like recharge cards and electricity bills through the app. The loan amounts offered by Carbon vary depending on your eligibility, but you can expect to borrow more than 100k if you meet the requirements.


Branch is another popular loan app in Nigeria that provides loans without collateral. The application process is simple and can be done through the app by providing your details. Once approved, you can borrow as little as N1,000 or as much as N200,000 with reasonable interest rates. Repayment terms are flexible, ranging from a few weeks to a few months. Branch also offers credit score-building opportunities, allowing you to access higher loan amounts in the future.



RenMoney operates as a microfinance bank in Nigeria and offers convenient online loans for both businesses and individuals. With RenMoney, you can access loans of up to 6 million Naira for a repayment period of up to 24 months. The application process is hassle-free, and the loan disbursal is fast. Whether you need funds for business expansion, home renovation, or personal expenses, RenMoney can provide the necessary financial support.

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Palmcredit is a virtual credit card that allows you to access loans anytime and anywhere through its mobile app. With Palmcredit, you can borrow up to ₦100,000 within minutes directly on your mobile phone. The loan application process is quick and straightforward, and you can instantly receive funds in your account. Palmcredit also offers a credit score system where timely repayments can increase your credit limit to ₦100,000.



Although less well-known than other loan apps, Xcredit is a reliable option for those seeking loans larger than 100k in Nigeria. Xcredit offers loans ranging from a minimum of N2,000 to a maximum of N500,000. The repayment period spans about five months, and no collateral is required. However, you must provide your bank account details during the application process. Xcredit uses an algorithm to assess your creditworthiness and determine the loan amount you qualify for.

Loan Apps That Can Give More Than 100k in Nigeria


QuickCheck is a modern lending platform that uses mobile technology to provide individuals and small businesses with access to financial credit. With QuickCheck, you can access quick and hassle-free loans of up to 30,000 Naira without collateral. Loan durations range from 15 to 30 days, making it suitable for short-term financial needs. The application process is simple and can be completed through the QuickCheck app.


Aella focuses on employee lending and empowerment, offering quick and affordable loans without paperwork. Aella Credit uses its proprietary credit scoring algorithm, which considers social and demographic factors, debt-to-income ratio, and other variables to determine your creditworthiness. With Aella, you can access loans tailored to your needs and financial capabilities.

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Lendigo is an SME finance provider that offers easy and fast access to working capital for Nigerian SMEs. With Lendigo, you can access business loans ranging from 100,000 Naira to 1,000,000 Naira. The loan application process is straightforward, and funds can be credited directly to your bank account. Lendigo offers low-interest rates and flexible repayment terms to support your business growth.


FairMoney provides short-term loans to cover urgent needs, bills, and more. You can access loans within minutes with an easy and efficient loan application process. FairMoney offers various loan packages, including personal, education, and business loans. The use of technology ensures a speedy and efficient loan approval process.


Kiakia is a mobile web app that offers personal and small business loans. It utilizes psychometry, big data, machine learning, and digital forensics to provide direct and peered loans to individuals and SMEs without credit information. Kiakia enables lenders to lend funds at negotiated interests through intuitive conversations, making it a unique platform for borrowing and lending.


OKash is a micro-lending platform that provides quick collateral-free loans to registered users who meet the requirements. You can borrow loans ranging from 3,000 Naira to 500,000 Naira. The entire loan process is conducted online, from application to disbursement. OKash offers 24/7 loan services, and the application can be completed within minutes. Repayment is convenient through the linked bank account.


In conclusion, if you need a loan larger than 100k in Nigeria, several loan apps are available to cater to your needs. These apps offer convenient and efficient loan application processes, quick disbursement, and flexible repayment options. Whether you need funds for personal expenses, business growth, or emergencies, these loan apps can provide you with the necessary financial support. Before deciding, consider the terms and conditions, interest rates, and repayment periods.

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