List of Nigeria Online Approved Loan Apps to borrow money

Last Updated on June 15, 2024 by admin

Do you want to known the Full List of Online Loan Apps that is Approved by Nigeria government to operate as loan company as Branch International Financial Services Limited, Fairmoney Micro Finance Bank, Pivo Technology Limited, Renmoney Microfinance Bank Limited, Carbon Microfinance Bank Limited, Creditwave Finance Limited amongst others make the list.

The Federal Competition and Consumer Protection Commission has approved 173 digital lending applications to operate in Nigeria. 119 have full approvals and 54 have conditional approvals as the commission rules out steps to protect citizens from the atrocities from some loan apps-shark.

Loans without the FCCPC’s approval will be removed from Play Store by Google and unavailable for download this to prevent illegal lending apps from operation in Nigeria

The guidelines also mandate different service providers in the relevant ecosystem (such as banks, access/download platforms or stores, technology providers and payment systems) to require regulatory approval before providing services.”

Importance of Online Approved Loan Apps for Borrowers

Online approved loan apps have become increasingly popular in Nigeria, and for good reason. They offer several advantages that make them a preferred choice for borrowers:

1. Accessibility and Convenience: Loan apps provide a convenient way to access credit, eliminating the need to visit physical bank branches. Borrowers can apply for loans from anywhere, anytime, using their smartphones or computers.

2. Speed and Efficiency: Online loan applications are processed much faster than traditional loan applications. Approved loan apps often utilize advanced algorithms and automation to assess borrower eligibility quickly, leading to faster approval and disbursement of funds.

3. Transparency and Clear Terms: Reputable loan apps provide transparent terms and conditions, including interest rates, repayment schedules, and any associated fees. This allows borrowers to make informed decisions and avoid hidden charges.

4. Financial Inclusion: Online loan apps extend credit access to individuals who might not be eligible for traditional bank loans due to a lack of credit history or collateral. This fosters financial inclusion and empowers individuals to meet their financial needs.

5. Flexibility: Loan apps often offer flexible loan amounts and repayment options, catering to diverse borrower needs. Borrowers can choose loan terms that align with their financial capabilities.

6. Competitive Interest Rates: Some loan apps offer competitive interest rates compared to traditional lenders, potentially saving borrowers money in the long run.

7. 24/7 Availability: Unlike traditional banks with limited operating hours, loan apps are available 24/7, allowing borrowers to apply for loans whenever they need them.

8. User-Friendly Interface: Loan apps are designed with user-friendly interfaces, making the application process simple and straightforward even for those who are not tech-savvy.

9. No Collateral Requirement: Many online loan apps offer unsecured loans, meaning borrowers don’t need to provide collateral to secure the loan.

Criteria for Borrowing Money from Loan Apps

In Nigeria, the criteria for borrowing money from loan apps typically include the following:

Basic Requirements:

• Age: You must be at least 18 years old. Some apps may have a higher minimum age requirement.
• Bank Verification Number (BVN): You must have a valid BVN linked to your bank account.
• Active Bank Account: You need an active bank account in your name to receive the loan disbursement and make repayments.
• Phone Number: A valid and active phone number is required for registration and communication.
• Smartphone: Most loan apps require a smartphone with internet access to download and use the app.

Additional Requirements (may vary between apps):

• Employment Status: Some apps may require proof of employment or a steady source of income.
• Credit History: While some apps cater to borrowers with no credit history, others may consider your credit score for loan approval and interest rates.
• Valid Identification: You may be asked to provide a valid ID, such as your National ID, Driver’s License, or International Passport.
• App Permissions: The app may require access to your phone contacts, SMS messages, and other information for verification and risk assessment.

Specific Requirements for Each App:

Different loan apps may have additional requirements or variations in the criteria mentioned above. It’s essential to read the terms and conditions of each app before applying for a loan.

FULLY APPROVED

1.SYCAMORE INTEGRATED SOLUTIONS LIMITED
2.TRADE DEPOT
3.TAJOW INVESTMENT
4.BLUE RIDGE MICROFINANCE BANK LIMITED
5.GROLATECH CREDIT LIMITED
6.BRANCH INTERNATIONAL FINANCIAL SERVICES LIMITED
7.P2VEST TECHNOLOGY LIMITED
8.CREDITWAVE FINANCE LIMITED
9.KEENEST TECH SERVICE LIMITED
10.FAIRMONEY MICRO FINANCE BANK

11.ALTRACRED FINANCE INVESTMENT LIMITED
12.CREVANCE CREDIT LIMITED
13.MENACRED COMPANY LIMITED
14.AFROWIDE DEVELOPMENT LTD
15,RED PLANET NIGERIA LIMITED
16.AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED
17.RANKCAPITAL LIMITED
18.IBS GOLDEN INVESTMENT COMPANY LIMITED
19.LENDVISERY SERVICES LIMITED
20.RENMONEY MICROFINANCE BANK LIMITED

21.SWIPEBILL TECHNOLOGIES NIGERIA LIMITED
22.HOMETOWN FINTECH LIMITED
23.GIASUN TECHNOLOGY NIGERIA LIMITED
24.BE RESOURCES LIMITED
25.ROCKIT LENDERS NIGERIA LIMITED
26.PIVO TECHNOLOGY LIMIED
27.YES CREDIT COMPANY LIMITED
28.IRORUN TECHNOLOGIES LIMITED
29.CSENSE LIMITED
30.SUPREME HELP COOPERATIVE SOCIETY LIMITED

31.ORCOM AND ORCOM BUSSINESS SUPORT LIMITED
32.PAYHIPPO LIMITED.
33.EASYCHECK FINANCE INVESTMENT LIMITED
34.QUARK FINANCIAL NIGERIA LIMITED
35.EDMOND SOLUTIONS COMPANY LIMITED
36.TED ROCKET LIMITED
37.PENAID LIMITED
38.ARVE LIMITED
39.DOVER CREDIT LIMITED
40.RAGEKAY GLOBAL INVESTMENT LIMITED

41.MAYWOOD LENDING LIMITED
42.LINKPARK TECHNOLOGY NIGERIA LIMITED
43. MANGNET LENDING LIMITED
44.RUBYSTAR GLOBAL LIMITED
45.BESTFIN NIGERIA LIMITED
46.FUBRI CENTURY COMPANY LIMITED
47.BERLY SPRING GLOBAL LIMITED
48.ROCK FINANCIALS LIMITED
49.PHOENIX PAYMENT SOLUTION LIMITED
50.VALUE DRIVER TECHNOLOGY SOLUTION LIMITED

51.NEXTPAYDAY LIMITED
52.BLACKCOPPER SERVICE LIMITED
53.TRAFALGAR ASSOCIATE LIMITED
54.WINDVILLE FINANCIAL NIGERIA LIMITED
55.ORANGE LOAN & PURPLE CREDIT LIMITED
56.CARBON MICROFINANCE BANK LIMITED
57.NEO-LINK TECHNOLOGY COMPANY LIMITED
58.FINNEW FINTECH LIMITED
59.OTP INTERNET TECHNOLOGY LIMITED
60.RED HARBOR FINTECH LIMITED

61. PAYLATER HUB LIMITED
62.SKITLOAN NIGERIA LIMITED
63.RACEOVA NIG. LIMITED
64.NEW CREDAGE NIGERIA LIMITED
65.BETTERLENDING COMPANY LIMITED
66.FAST-POINT INTERGRATED LIMITED
67.APEX LENDING LIMITED
68.PISKA TECH NIGERIA LIMITED
69.PRINCEP CREDIT SYSTEM LIMITED
70.OMALEND SERVICE LIMITED

71.POCKFUL FINANCE LIMITED
72.HIGHCREDIT NIGERIA LIMITED
73.HOLLANDALE NIGERIA LIMITED
74.PAY FINANCIAL TECHNOLOGY SERVICE LIMITED
75.A1 CAPITAL SOLUTION LIMITED
76.NEWEDGE FINANCE LIMITED
77.PAPICHOU TECHNOLOGY LIMITED
78. GOHARVEST INTERNATIONAL LIMITED
79.MINO SPARKS LIMITED
80. XGO FINANCE LIMITED

81.PRIMERA MICROFINANCE BANK
82.CREDIT TECH LENDING COMPANY
83.PROSPERITY ARCHIPELAGO LIMITED
84.FINESEST LIMITED
85.SINGULARITY TECHNOLOGY NIGERIA LTD
86.ECON MART FINTECH LIMITED
87.PENNEE TECHNOLOGIES LIMITED
88.OXYMON SOLUTION LIMITED
89. LANTANA TECHNOLOGY LIMITED
90.APPLINK CAPITAL NIGERIA LIMITED

91. YEGON TECH LIMITED
92. FEZOTECH NIGERIA LIMITED
93.ERIC VSTA LIMITED
94.MOBLASPAY COMPANY LIMITED
95.PAYCREDIT LIMITED
96.NIZ SERVICES LIMITED
97.MINO SPARKS LIMITED
98.FLO WOOD LENDING
99. LIBERTY ASSURED LIMITED
100. UNI TECHNOLOGY NIGERIA LTD

101.TRADE LENDA COM LIMITED
102.CREDITVILLE MICROFINANCE BANK LTD
103. LETSHEGO MICROFINANCE BANK LTD
104.KIOWOPE CAPITAL LIMITED
105.VEENDHQ LIMITED
106.UCPLUS ADVANCE LIMITED
107.MAVEN FINANCE LIMITED
108.AELLA FINANCIAL SOLUTIONS LIMITED
109.FLUNA CAPITAL LIMITED
110.NEWEDGE FINANCE LIMITED

111.TA PRIME LIMITED
112. REGXTA GLOBAL SERVICE LTD
113.PROVEST LIMITED
114. JM RUBINUS LIMITED
115. CROSSROADS E-PAYMENT SYSTEMS LIMITED
115.CONSYNERGY LIMITED
117.FINTCRED INNOVATION LIMITED
118.AFROSAY FINTECH LIMITED
119. MIM FINANCE COMPANY

CONDITIONAL APPROVAL

1. TRIPODBASE LIMITED
2. OWOAFARA FINTECH SERVICE
3. AJAX LENDING LIMITED
4. THE PLATFORM DIGITAL NETWORK LIMITED
5. ZIPPY CAPITAL LIMITED
6. LENDING EDGE LIMITED
7. LENDHA TECHNOLOGIES LIMITED
8. DOJA LEMAIRE GLOBAL LIMITED
9. PAYDAYHUB ONLINE NIGERIA LIMITED
10. RETAIL BOOSTER LIMITED
11. CITADELE CAPITALS LIMITED
12. FEWCHORE FINANCE COMPANY LIMITED
13. ONE PAYOUT LIMITED
14. LIDYA GLOBAL LIMITED
15. KWABA INTERNATIONAL LIMITED
16. FINPADI TECHNOLOGIES LIMITED
17. UMBA DIGITAL SOLUTIONS LIMITED
18. FINTRADE SOLUTIONS LIMITED
19. U TECHNOLOGY
20. STELLAR FINANCE LIMITED
21. DASH INNOVATIONS
22. GRIT-TECH LIMITED
23. CAELUM TECHNOLOGIES LIMITED
24. U THINKING NIGERIA LIMITED
25. EATON HILL INVESTMENT LIMITED
26. CREDITPRO BUSINESS SUPPORT SERVICES LTD
27. MUSKA TECH LIMITED
28. HELPPO AFRICA LIMITED
29. RENNERS INVESTMENT LIMITED
30. PEBBLE FINANCIAL TECH. LIMITED
31. KIAKIA BITS LIMITED
32. WEALTHBRIDGE CAPITAL PARTNERS LIMITED
33. TRIVISTA CAPITAL LIMITED
34. ATIMI LENDING LTD
35. ZUVY TECHNOLOGIES LIMITED
36. ROCKSHIELD MICROFINANCE
37. DOT MICROFINANCE BANK LIMITED
38. ALLAWEE TECHNOLOGIES LIMITED
39. LUCRED TECHNOLOGY LIMITED
40. NOLT FINANCE LIMITED
41. SOKO LENDING LIMITED
42. CITYGATE GLOBAL INVESTMENT LIMITED
43. OLIVERMEAD INVESTMENT LIMITED
44. LIGHTING FINANCE TECHNOLOGY NIGERIA LIMITED
45. MENO FINANCE LIMITED
46. HOIL INVESTMENT LIMITED.
47. KIREDI ROCK COMPANY LTD
48. GLOSH TECH LIMITED
49. CLEMO FRESH CO. LTD
50. PASSECO TECHNOLOGY NIG. LTD
51. TRUST CEN LIMITED
52. RIVERBANK PARTNERS LIMITED
53. PRIME AVIS INVESTMENT SERVICES LIMITED
54. RIVERBRAND TECHNOLOGY LIMITED