7 Loan Apps That Can Give More Than 100k In Nigeria

Many small people in Nigeria with business ideas or that own small businesses often have the challenge of finding the capital or funds to either start something or expand.

In Nigeria there are loan firms that offer as little as 10,000 Naira loans up to as much as 500,000 Naira and with reasonable repayment plans. But for the purpose of this article we will highlight five of these money lending platforms that offer N100,000 loans

Where can I get a loan of 100k in Nigeria?

There are several platforms that offer N100k loan for business in Nigeria. Here are some options:

1. Paylater: Paylater is a digital financial services platform that offers quick loans to individuals and small businesses. You can access loans of up to N500,000, with repayment periods ranging from 1 to 12 months. The application process is easy and can be completed online.

2. Renmoney: Renmoney is a fintech company that provides loans to individuals and small businesses in Nigeria. You can access loans of up to N4 million, with repayment periods ranging from 3 to 24 months. The application process is also easy and can be completed online.

3. Carbon: Carbon (formerly known as Paylater) is a leading digital financial services platform that provides loans to individuals and small businesses in Nigeria. You can access loans of up to N1 million, with repayment periods ranging from 1 to 12 months. The application process is fast and can be completed online.

4. KiaKia: KiaKia is an online lending platform that provides loans to individuals and small businesses in Nigeria. You can access loans of up to N200,000, with repayment periods ranging from 7 to 30 days. The application process is fast and can be completed online.

5. Aella Credit: Aella Credit is a fintech company that provides loans to individuals and small businesses in Nigeria. You can access loans of up to N1 million, with repayment periods ranging from 1 to 6 months. The application process is easy and can be completed online.

6. Okash: This is a micro-lending platform owned by Blue Ridge Microfinance Bank Limited. Once you are registered, you can access quick collateral-free loans ranging from 3,000 Naira to 500,000 Naira.

OKash provides loans 24/7, and the whole process is entirely online. To borrow money from OKash download the app from Google Play and set up their loan account in seconds.

7. Lendigo: Lendigo is a finance provider for small and medium scale enterprises in Nigeria. The platform offers users business loans from N100,000 Naira up to N1,000,000.

Simply visit app store to download the loan App on your smartphone, and apply for loan at low-interest rate even if your business is not registered

Please note that before taking out a loan, it’s important to carefully consider the terms and conditions of the loan, including interest rates, repayment periods, and any other fees or charges that may apply. You should also ensure that you have a solid plan for repaying the loan on time to avoid default and potential negative consequences on your credit score.