15 Loan Apps on iOS in Nigeria | 2025 Update

Imagine that life throws you a curveball – a sudden medical emergency, a once-in-a-lifetime business opportunity, or maybe just an unexpected expense that threatens to derail your plans, but you are an iPhone user and you need cash, and you need it now, and navigating the traditional banking system can feel like running a marathon in stilettos. 

Forget long queues, mountains of paperwork, and agonizing wait times. Nowadays, there’s a much quicker, more convenient solution: loan apps on iOS. 

Nigeria is experiencing a fintech revolution, and iPhone loan apps are at the forefront. With just a few taps on your screen, you can access funds in minutes, all from the comfort of your iPhone. These innovative apps are designed to break down barriers and make borrowing easier than ever before. 

But with a plethora of options available in the Nigerian market, choosing the right loan app on iOS can feel overwhelming. 

This article serves as your ultimate guide, providing you with a curated list of 15 reliable and trustworthy apps that can be downloaded from Apple play store. We’ll delve into the nitty-gritty – loan amounts, interest rates, repayment terms, and unique features – so you can make an informed decision that best suits your individual needs and financial goals. 

15 Loan Apps on ios in Nigeria

Here are 15 loan apps on iOS in Nigeria:

1. FairMoney

Overview: FairMoney is a leading digital bank and loan app in Nigeria, offering instant loans and banking services. The app provides a seamless experience for users seeking quick financial solutions.

Loan Amounts: Users can access loans ranging from ₦1,500 to ₦1,000,000, depending on their creditworthiness and repayment history.

Interest Rates: Interest rates vary between 10% to 30%, influenced by the loan amount and repayment duration.

Repayment Terms: Repayment periods range from 61 days to 18 months, offering flexibility to borrowers.

Unique Features: FairMoney provides a user-friendly interface, quick loan disbursement, and additional banking services such as bill payments and fund transfers. All deposits are insured by the NDIC, ensuring security for users.

2. Carbon

Overview: Formerly known as PayLater, Carbon is a comprehensive financial platform offering loans, investment opportunities, and bill payment services.

Loan Amounts: Borrowers can access loans up to ₦1,000,000, with the exact amount determined by user profiles and credit assessments.

Interest Rates: Interest rates range from 1.75% to 30%, based on the loan amount and repayment period.

Repayment Terms: Repayment periods span from 1 to 12 months, providing flexibility to meet various financial needs.

Unique Features: Carbon offers a seamless application process, instant loan approvals, and additional services like free credit reports and cashback rewards on timely repayments. 

Related: 10 Loan Apps for iPhones in Nigeria

3. Branch

Overview: Branch is a globally recognized loan app that has established a strong presence in Nigeria, providing quick loans without the need for collateral.

Loan Amounts: Users can borrow between ₦1,000 and ₦200,000, with amounts increasing based on repayment history and app usage.

Interest Rates: Interest rates range from 15% to 34%, depending on the loan amount and repayment term.

Repayment Terms: Flexible repayment options are available, ranging from 4 to 40 weeks.

Unique Features: Branch offers a straightforward application process, quick disbursement, and does not require collateral or guarantors. The app also provides financial education resources to help users manage their finances effectively.

4. PalmPay

Overview: PalmPay is a versatile financial app that combines mobile payments with instant loan offerings, aiming to enhance financial inclusion in Nigeria.

Loan Amounts: Users can access loans starting from ₦2,000, with higher amounts available based on user activity and creditworthiness.

Interest Rates: PalmPay’s loan interest rate varies between 15% to 30%, depending on the borrower’s credit score and loan amount.

Repayment Terms: PalmPay loan repayment terms are 1 to 12 months, with flexible customization options.

Unique Features: Beyond loans, PalmPay offers services such as airtime purchases, bill payments, and fund transfers. The app also provides rewards and cashback incentives for frequent users.

5. Okash

Overview: Okash operates as a micro-lending platform in Nigeria, providing users with quick access to short-term loans through a user-friendly mobile app.

Loan Amounts: Borrowers can access loans ranging from ₦3,000 to ₦50,000, with potential for higher amounts based on repayment history.

Interest Rates: Okash offers an interest rate between 0.1% to 1% daily, with an Annual Percentage Rate (APR) of 36.5% per annum.

Repayment Terms: Repayment periods range from 91 to 365 days, offering flexibility to borrowers.

Unique Features: Okash provides a swift application process, with loan approvals and disbursements typically completed within minutes. The app emphasizes user privacy and data security.

6. Newcredit

Overview: Newcredit is a Nigerian finance app designed to provide seamless access to mobile loans, catering to diverse financial needs with a user-friendly interface.

Loan Amounts: Loans range from ₦10,000 to ₦300,000, accommodating various financial requirements.

Interest Rates: For example, borrowing ₦100,000 over six months at a 4% monthly interest rate results in a total repayment of ₦124,000.

Repayment Terms: NewCredit offers flexible loan repayment terms of Minimum: 91 days (3 months) and Maximum: 365 days (1 year).

Unique Features: Newcredit offers a straightforward application process, quick loan approvals, and emphasizes user data security. The app is exclusively available within Nigeria.

7. Aella App

Overview: Aella App is a comprehensive financial services app in Nigeria, offering users access to instant loans, savings plans, bill payments, and micro-insurance. The platform aims to promote financial inclusion by providing straightforward financial products.

Loan Amounts: Aella provides loans ranging from ₦2,000 to ₦1,500,000, accommodating a wide array of financial needs.

Interest Rates: Monthly interest rates vary between 2% to 20%, with an Annual Percentage Rate (APR) spanning from 22% to 264%, depending on the loan specifics.

Repayment Terms: Borrowers can select repayment periods from 61 days to 365 days, offering flexibility to suit different financial situations.

Unique Features: Aella stands out with its user-friendly interface and a suite of additional services, including high-yield savings accounts, bill payments, and micro-insurance plans. The app ensures quick loan approvals and emphasizes user data security.

8. Palmcredit

Overview: Palmcredit is a mobile loan app in Nigeria that offers users quick access to loans with flexible repayment plans. The app is designed to provide a seamless borrowing experience with minimal documentation.

Loan Amounts: Users can borrow amounts ranging from ₦10,000 to ₦300,000, catering to various financial requirements.

Interest Rates: Palmcredit offers daily interest rates as low as 1.2%, making it a competitive option for borrowers.

Repayment Terms: Palmcredit offers flexible loan repayment terms for Minimum: 91 days (3 months) and Maximum: 365 days (1 year)

Unique Features: Palmcredit boasts a swift loan approval process, often disbursing funds within minutes. The app also offers a revolving loan feature, enabling users to access additional funds upon repayment.

Related: 5 Trusted Loan Apps to Watch Out In 2025

9. Moniepoint

Overview: Moniepoint is a financial services platform in Nigeria that provides quick and accessible loans to individuals and businesses. The platform aims to support financial inclusion by offering tailored loan products.

Loan Amounts: Moniepoint offers loans starting from ₦5,000, with higher amounts available based on user profiles and credit assessments.

Interest Rates: Moniepoint offers 24% – 40% per annum loan interest rates depending on the loan type.

Repayment Terms: Repayment periods are flexible, ranging from 30 days to 6 months, accommodating various borrower needs.

Unique Features: Moniepoint provides a seamless application process with quick loan approvals. The platform also offers additional services such as bill payments and fund transfers, enhancing user convenience.

10. LendSafe

Overview: LendSafe is a Nigerian loan app designed to provide secure and quick loans to users through a straightforward mobile interface.

Loan Amounts: Users can access loans ranging from ₦5,000 to ₦200,000, depending on their creditworthiness and repayment history.

Interest Rates: LendSafe offers competitive interest rates of Maximum Annual Percentage Rate (APR): 29.2% or Daily interest rate: 0.08%

Repayment Terms: Repayment periods range from 30 to 180 days, offering flexibility to borrowers.

Unique Features: LendSafe emphasizes user data security and privacy. The app offers a quick application process with instant loan approvals and disbursements.

11. KashLoan

Overview: KashLoan is a mobile lending platform in Nigeria that provides users with instant access to loans through a user-friendly app.

Loan Amounts: Borrowers can access loans ranging from ₦3,000 to ₦100,000, with potential for higher amounts based on repayment history.

Interest Rates: KashLoan offers interest rate of Maximum Annual Percentage Rate (APR): 28% or Daily interest rate: 0.0767%.

Repayment Terms: Repayment periods range from 91 to 180 days, offering flexibility to meet various financial needs.

Unique Features: KashLoan provides a swift application process with quick loan approvals. The app also offers financial education resources to help users manage their finances effectively.

12. Renmoney MFB

Overview: Renmoney Microfinance Bank is a Nigerian financial institution that offers personal and business loans through its mobile app, aiming to provide convenient financial solutions to its users.

Loan Amounts: Users can access loans up to ₦6,000,000, depending on their credit profile and repayment capacity.

Interest Rates: Renmoney offers competitive loan interest rate of Monthly interest rate: 2.4% – 9.33% or Annual Percentage Rate (APR): 25.44% – 35.76%

Repayment Terms: Repayment periods range from 3 to 24 months, providing flexibility to borrowers.

Unique Features: Renmoney offers a seamless application process with quick loan approvals. The app also provides additional services such as savings accounts and fixed deposit investments. 

Related: Top 10 Loan Apps for Urgent Loans in Kenya

13. Futurecash

Overview: Futurecash is a fast online cash loan application that offers loans up to ₦100,000 without collateral.

Loan Amounts: Borrowers can access loans up to ₦100,000, catering to various financial needs.

Interest Rates: FutureCash offers an interest rate ranging from 9.9% to 17.2% per year with a daily interest rate of 0.02% to 0.09%.

Repayment Terms: FutureCash offers repayment terms of Minimum: 61 days and Maximum: 240 days.

Unique Features: Futurecash offers a quick and straightforward application process, with approvals in as fast as 5 minutes. No income proof or IDs are needed, making it accessible to a wide range of users.

14. RocketLoan

Overview: RocketLoan is a mobile lending platform that provides users with quick access to personal loans through a simple application process.

Loan Amounts: Users can borrow up to ₦300,000, accommodating various financial requirements.

Interest Rates: Rocket Loans offers personal loan interest rates ranging from 9.116% to 29.99% APR.

Repayment Terms: Repayment period is 7 days.

Unique Features: RocketLoan boasts an immediate approval process, enabling users to access funds swiftly. The app is designed for simplicity, ensuring a user-friendly experience.

15. Hi Credit

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Overview: Hi Credit is a loan app in Nigeria that offers users quick access to personal loans through a user-friendly mobile interface.

Loan Amounts: Hi Credit offers loan amounts ranging from ₦6,000 to ₦500,00023. The app provides flexible loan options.

Interest Rates: Hi Credit offers loans with a maximum annual interest rate of 36% (APR).

Repayment Terms: Repayment periods are 91 – 365 days, which are flexible, accommodating various borrower needs.

Unique Features: Hi Credit provides a seamless application process with quick loan approvals. The app also offers financial education resources to help users manage their finances effectively.

Eligibility Factors for These Loan Apps on iOS in Nigeria

To access loans through these iOS apps in Nigeria, applicants typically need to meet certain eligibility criteria:

Credit History: A positive credit history can enhance loan approval chances and may result in more favorable terms.

Smartphone Verification: Applicants must have a compatible iOS device and may need to verify their phone number during the application process.

Bank Account Linkage: A valid Nigerian bank account is usually required for loan disbursement and repayment purposes.

Personal Identification: Valid identification, such as a National ID or driver’s license, is often necessary to confirm the applicant’s identity.

Related: Legit Online Loan Apps in South Africa

Conclusion

iPhone loan apps have become indispensable tools for individuals seeking quick and convenient access to funds. 

The 15 apps highlighted in this article offer a range of features, loan amounts, interest rates, and repayment terms to cater to diverse financial needs. 

As of 2025, these platforms continue to play a crucial role in promoting financial inclusion and providing accessible lending solutions to Nigerians.

Frequently Asked Questions

1. Are these loan apps safe to use?

Yes, the loan apps mentioned are reputable and have measures in place to protect user data. However, it’s essential to download them from official sources like the Apple App Store to ensure authenticity.

2. How quickly can I receive a loan after application?

Many of these apps offer instant or same-day loan approvals and disbursements, depending on the application’s completeness and the user’s eligibility.

3. Do I need collateral to secure a loan from these apps?

No, the loans provided by these apps are typically unsecured, meaning no collateral is required.

4. Can I apply for multiple loans from different apps simultaneously?

While it’s possible to apply for loans from multiple apps, it’s crucial to manage repayments responsibly to avoid over-indebtedness and potential negative impacts on your credit score. 

References

appfigures.com– Top Finance Apps

siliconafrica.org– 10 Loan Apps for iPhones in Nigeria

siliconafrica.org– Instant Loan App For iPhone in Nigeria

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Oluchukwu Ikemefuna
Oluchukwu Ikemefuna

Oluchukwu Blessing Ikemefuna, a talented content writer from Anambra, Nigeria, found her writing passion in secondary school. Holding a degree in Biological Sciences from Federal University of Technology, Owerri, she specializes in blog writing across technology, finance, healthcare, education, and lifestyle sectors. With strong research and SEO skills, Oluchukwu creates engaging content globally. Her work aims to inspire and engage authentically while driving action. Outside work, she enjoys travel, reading, and movies as she grows as a skilled writer.

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