About Loan Apps

If you are looking for instant micro loans then loan apps are the sure way to go.

All you have to do is to go to Google Store and download the apps.

After which you can fill the application for loan and submit.

Things you must have/provide.

  1. Bvn
  2. Active account that is link to your Bvn
  3. Mastercard or visa atm card(for repayment)
  4. A good credit score
  5. Your name and date of birth must be the same in your Bvn
  6. A good internet
  7. Mobile line connected to your bank account

List of Loan Apps

(Click on the apps below to download from Google Store)

  1. Carbon (Paylater)
  2. Aella credit
  3. Palmcredit
  4. Branch
  5. Quickcheck
  6. Fairmoney
  7. Sokoloan
    Other are;
  8. Money Pal
  9. Micro Money
  10. Quick credit
  11. LendMe
  12. Aposhashamurah
  13. Jumia- One loan
  14. Quiloans from citycore ( download app here https://bit.ly/2EnO6LE )

How Loan Apps Work

These apps can give loans ranging from N1000 to N200 000.  All you have to do is borrow small or the lowest amount they can offer you for a start and pay back in time.

As you continue borrowing and paying back, your loan will continue to increase till you get the highest amount they can offer.

Also note that intereat charged on this loans ranges from 15% to 45% depending on the app.

Payment duration is from 7 days to 3 months depending on the app.

If you have any issue in the process you can alsways contact their customer care through email or phone numbers provided on their apps or facebook page.


To withdraw cash from Paylater wallet, take the following steps;

Click on send money,

then type ur account number and amount,

After that you’ll be asked if you’re sending from ATM card linked to your app or from wallet,

click on wallet and it will display ur name and a service charge of #50.

Click on continue or send and the money will be in your account asap.

Join us in our forum for more information:



A credit score is a numerical expression based on a level analysis of a person’s credit files, to represent the creditworthiness of an individual. A credit score is primarily based on a credit report information typically sourced from credit bureaus.

Lenders, such as banks and credit card companies, use credit scores to evaluate the potential risk posed by lending money to consumers and to mitigate losses due to bad debt. Lenders use credit scores to determine who qualifies for a loan, at what interest rate, and what credit limits. Lenders also use credit scores to determine which customers are likely to bring in the most revenue. The use of credit or identity scoring prior to authorizing access or granting credit is an implementation of a trusted system.

Credit scoring is not limited to banks. Other organizations, such as mobile phone companies, insurance companies, landlords, and government departments employ the same techniques. Digital finance companies such as online lenders also use alternative data sources to calculate the creditworthiness of borrowers. Credit scoring also has much overlap with data mining, which uses many similar techniques. These techniques combine thousands of factors but are similar or identical.
source: wikipedia

If you want a high credit score…

*Always patronise your bank
*Don’t go to your bank only when you need loans
*Always pay back any money you borrow from bank or lenders.
*Don’t keep your account idle for too long. Learn to save .