Detailed List of Loan Apps Approved by CBN

Are you facing a financial crunch and need quick cash? Look no further than loan apps approved by CBN. These apps offer a convenient alternative to traditional bank loans, bypassing lengthy processes and paperwork.

Unlike banks, loan apps provide swift access to funds without requiring collateral or extensive eligibility criteria. With just a few taps on your phone, you can access instant loans from the comfort of your home, with flexible repayment options

However, it’s crucial to tread carefully; relying on unapproved loan apps can lead to unforeseen complications if repayment becomes challenging.

That’s why it’s essential to opt for trusted platforms approved by regulatory bodies like the Central Bank of Nigeria (CBN) and the Federal Competition and Consumer Protection Commission (FCCPC).

In this article, we’ll present a comprehensive list of loan apps approved by the CBN and FCCPC, so that you can make informed decisions and access loans responsibly.

As we examine the list of the legal loan apps, we will also examine the list of some illegal loan apps in Nigeria.

1What Are the Things to Consider Before Choosing a Loan App?

2What Is the Full List of Loan Apps Approved by the CBN?

3Which Loans Apps Are Awaiting Approval?

4Delisted loans Apps in Nigeria

5Frequently Asked Questions

6Conclusion

7Recommendations

What Are the Things to Consider Before Choosing a Loan App?

Many lending applications offer rapid and simple access to finances. Whether you are accessing a loan from legal loan apps or not, it’s crucial to consider a few key factors to ensure you’re making the right choice for your financial needs Five key points to remember are as follows:

Also read: Latest Update on Npower Loan in Nigeria

Interest Rates

Before selecting a loan app, carefully examine the interest rates and fees associated with borrowing. Some apps may offer seemingly low interest rates but compensate with hidden fees or charges.

Check Reviews

Research the reputation of the loan app and read reviews from other users. Look for feedback regarding customer service, ease of application, and transparency in terms and conditions.

A reputable app will prioritize customer satisfaction and provide transparent information about its services.

Loan Terms

Recognize the terms of the loan and the possibilities for repayment that the app offers. Verify whether they provide customizable loan terms and flexible payback schedules to suit your demands.

Steer clear of apps with strict repayment schedules that could strain your budget.

Also read: Code to Liquidate GTBank Quick Credit Loan in Nigeria

Security and Privacy

Confirm that the lending app places a high priority on security and safeguards your financial and personal data.

Opt for apps with strong privacy policies and encryption technology to protect your information. Apps with a history of shady data practices or security lapses should be avoided.

Customer Support

Take into account the loan app’s customer service’s dependability and accessibility. Select an app that provides help across several channels, like email, live chat, and phone support.

When it comes to any problems or questions, prompt and friendly customer service can be quite useful.

Also read: Bank of Industry Loan in Nigeria 2024

What Is the Full List of Loan Apps Approved by the CBN?

The following are the legal loan apps in Nigeria:

CLAN APP
RAPIDALART APPS
KASHOUT
FLASHCREDIT
FLASHALART
SWIFTCREDIT
RAPIDLOANS
ACECREDIT
AACELOAN
LETSGO APP
NEXTPAYDAY APP
ALADDIN DIGITAL APP
KOBOGO APP
OXLOAN PRO APP
LIONCASH
LAIRA PLUS
LCASH
CASHLOAN APPS
TRUENAIRA APP
CAYCREDIT APPS
NAIRAPLUS APPS
CRANCASHAPPS
MYCASHIER MOBILE
FAST POINT WEB APPS
PAYLATER APP
SHOPTOPUP APP
PENNEE APP
CREDIT OTP
VKASH APPS
RED HARBOUR APP
MENACRED APP
CSENSE APP
SUPREME HELP
CASHRUN
MINTCREDIT
CREDITNOW APP
MONEYPAL APP
PLENTYCASH
LIFELINE
STEADYKASH APP
TRIVISTA APP
“AIRMONI,”
URGENTK APP
VIBECREDIT APP
NCREDIT
NMONEY
FITLOAN
SWIFTNAIRA
BGLOAN
WECREDIT
UMBA MOBILE APP
UMBA WEB
GOLOAN APP
SYCAMORE APP
BRANCH MOBILE APP
PIVO APP
FLUNA APP
PROVEST APP
TOPCHANCE
GOGETCREDIT
LILYCASH
CONSTANT CASH
ALLAWEE APP
DOTBANK APP
FLOATR APP
OXYMON APP
CREDITVILLE APP
NEWLENDING APP
PVEST APP
YESCREDIT APP
CRIMSON APP
TIGER CREDIT
KKCASH
ZCASH
EASYKASH
KOINS PRIMERA
GO LOAN APP F
NAIRABOX APP
POCKETFUEL APP
IUSTUS BERLY
SNAPPY CREDIT
TAP CASH
CREDITPOCKET
CASHBUS
OMAFIN APP
CREDIT WALLET APP
ICREDIT APP
HIFUND APP
BLACKCOPPER APP
SWIFUND APP
MONEE APP
PAYDAY LOAN APP
FLOATCASH APP
FAIRMONEY APP.
OKILOCASH
LUMOSLOAN
PROCASH WINDVILLE
QCASH
MYCASH
ZCASH
LIBERTYCRED APP
RENMONEY INSTANT CASH LOAN
MONEY IN MINUTES APP
URGENTK APP
EMONI APP P
ALL CREDIT APP
HIKASH
PAPKASH
NEWCASH
ALIKASH
DOHCASH
YOHCASH
MONI/MONI AFRICA APP
TOPCREDIT.COM.NG
NAIRABOX APP
IMONEY APP
KASH LOAN
CREDITLOAN
NAIRA LOAN
CREDITINN.COM.NG
ADASHE APP
HALOWALLET APP
WINLOAN APP
CREDITWISE
KASHCASH
GOMONI
TRUEMONEY
MENOFUND APP
OKASH EASEMONI APPS
RAPAID AFRICA APP
CREDITGO
EASY MONEY LOAN
USHINE CASH APP
TRACTIONAPP APP
MONEYTREE APP
CASHBUS APP
PAYFI APP
EASYFUND APP
PASA APP
TWALELOAN APP
SOMEMONI APP
LOANNAIRA
AJELOAN
CASHOWOMI APP
PENAID.NG
HOMETOWN APP
TLOAN APP
NICENAIRA
TCREDIT
PALMCASH
EASEMONEY
GREENCREDIT
LENDME APP
WEKASH APP
REGXTA APP
NAIRAGO APP
SHARA APP
INSTANTCRED APP
STARCREDIT APP
HCWALLET
PRIME PAY
FASTCENT
INTSWALLET
AELLA APP
MINTBAG APP
KWIKPAY CREDIT APP
KIOWOPE APP
KASHPAL
MINICREDIT
ROCKIT APP
FLEXI CASH APP
PAYHIPPO APP
GOCASH APP
GALAXY CREDIT APP
VEEND APP
UNLOCKCASH
SUNQUOTA
MASSIVE CARD
RUSHCREDIT APP
RUBIMONI APP
CREDITFAST APP
ULTRA CASH
ULTRA NAIRA APPS
GETCREDIT APP
BANK ONE
CBSL CREDIT APPS
POCASH APP
CREDPAL APP
CASHADVANCE APP
CASHPADDIE MONEY
PAYNAIRA
GBOBLOAN
ONEMONEY
LENDQUICK APP
TRADE LENDA WEB APP
TOPCHANCE APP
A CREDIT APP
IRORUN MOBILE APP
CARBON APP
PAYCREDIT APP
SUPERMONEY APP
MONEYHUB APP
CASHHOP APP
CREDITLAB APP
MICROMONEY APP
1 -HOUR LOAN APP
DOCREDIT
CARE FINANCE APP
APEX LOAN APP
OYESCREDIT APP
OK CASH APP
PEARL CASH APP
QUICKCHECK APP
WEB PORTAL.
UC SALARY LOAN
KASHNOW APPS
RENNERS APP
ZUVY.CO
LUCKYLOAN APP
OKILO LOAN APP
FLAME LOAN APP
VYBECASH APP
BIMZUKASH APP
DYNAMIQUEIOS
BANKBOOK.CLOUD
REXAFRICA APP
VIDUS LOAN APP
EARLY LOAN APP
HOPE LOAN APP.
NAIRAMAX APP
GETNAIRA APP
BALL APP
CREDITMONEY APP
LOANMATE APP
OURPASS APP
FUTURECASH APP
EDIKA APP
FULCRUMMONEY APP
SIGMAMONEY LOAN APP
TOKCASH LOAN APP
MONIGO APP
EXTRA CASH APP
QUICKTELLER APP
SALAD AFRICA APP
EDONENTER APP
CREDIT-MOI APP
LENDWISE APP
ECON MART APP
HUBCASH APP
NEARMONEY APP
FLICKWHEELAPP
SEEDFI APP
KIAKIA PP APP
KIYA APP

Also read: Ultra Naira Loan App in Nigeria: How to Apply for Loan

Which Loans Apps Are Awaiting Approval?

JA CASH
ALTARA APP
AVRO APP
CREDITMONEY APP
DOLE APP
EASEMONI
EASY BUY APP
EK-PAY
EDIKE APP
FAST MONEY
FEWCHORE PAY APP
FINPADI APP
FINRATUS APP
FLAME LOAN
GET CASH
GROWLY APP
KIA KIA PP
KWABA APP
LENDA APP
LENDHA.COM
LENDING EDGE APP
LIDYA WEB
LIFES TALIA APP
LUCRED APP
MYZENNAL.COM
NEO CASH APP
NODCREDIT APP
NOLT APP
OKILO LOAN
PALM CREDIT APP
PALMPAY AGENT APP
PALMPAY APP
PALMPAY BUSINESS APP
POPPOKKET
PRIME PAY APPS
RETAIL BOOSTERS APP
RETAIL BOOSTERSu
REXAFRICA APP
RIVERBRAND APP
RIVERMONEY APP
ROCKSHIELD DIGITAL SAVING
SOKO LOAN
TASERE LOAN APP
VENDOR CREDIT APP
WWW.SLASHFINANCE.COM
XCASH APP
XCROSS CASH APP
XERO ACCOUNTING APP
YANZU KREDIT APP
ZIPPY APP

Also read: Can I Get a Business Loan Without Collateral in Nigeria?

Delisted loans Apps in Nigeria

We have talked about the legal loan apps. Now, let’s examine the list of some illegal loan apps in Nigeria. Below is the list of fake Nigerian loan apps delisted by the FCCPC:

SWIFTKASH APP
HEN CREDIT LOAN APP
CASH DOOR APP
JOY CASH-LOAN UP TO 100,000 APP
EAGLECASH APP
LUCKYLOAN PERSONAL LOAN APP
GETLOAN APP
EASELOAN APPS
NAIRA NAIJA
CASHLAWN APP
EASYNAIRA APP
CREDITING APP
YOYI APP
NUT LOAN APP
CASHPAL APP
NAIRAEASY GIST LOAN APP
CAMELLOAN APP
MONEYTREEFINANCE MADE EASY APP
CASHME APP
SECUCASH APP
CREDITBOX APP
CASHMAMA APP
CRIMSON CREDIT APP
GALAXY CREDIT APP
EASE CASH APP
XCREDIT
IMONEY
NAIRA NAIJA
IMONEYPLUS-INSTANT
NAIRANAIJA-INSTANT
NOWNOWMONEY
NAIJA CASH
EAGLE CASH
FIRSTNELL APP
FLYPAY
SPARK CREDIT
SOFTNAIRA APP
CASHDEY APP
NAIRALOANS-LOANS APP
SWIFTCASH APP
NAIARALAND APP
SURECREDIT-RELIABLE LOAN APP
MAMA CREDIT LOAN APP
NIGERIA LOAN APP
LOAN NAIRA IN CRANCASH

Frequently Asked Questions

How do I know if a loan app is legal?

To know if a loan app is legal, check if it’s approved by the FCCPC

What are the criteria to consider when selecting a loan?

Before selecting a loan app, carefully examine the interest rates, loan terms, reviews, customer support, and security and privacy.

Which loan apps are delisted in Nigeria?

We have covered the comprehensive list in this article, but here are few ones: Swiftkash App, Hen Credit Loan App, Cash Door App, Joy Cash-Loan up To 100,000 App, Eaglecash App, Luckyloan Personal Loan App, etc.

Conclusion

If you’ve come thus far, then you have a comprehensive idea of the legal loan apps in Nigeria and the loans delisted by the FCCPC.

Using loan apps can come in handy when you are in a tight spot and can’t meet the collateral requirements of traditional banks. But with the increase in loan sharks in Nigeria, it’s important to make sure the app you’re using is legit.

So, the next time you search for a loan app, check if they’re fully approved, waiting for approval, or delisted. Doing this will save you some hassle and give you relative peace of mind.