Top 5 Loan Apps That Give 100k in Nigeria 2023-2024

Hey there! Are you in need of some quick cash? Thinking about how to sort out an urgent bill?

Do you need a loan to fund your business? 

Whatever the case maybe taking a loan is actually not a bad idea. A lot of Nigerians are turning to loan apps for an easy way to get cash.

Yes, we’ve all been there, scrolling through the internet, getting stressed while checking different loan apps that give instant loans of 100k. But let’s be real; not all loan apps  gives you up to 100k 

In this blog post, we’re going to help you out by breaking down some of the most reliable loan apps that give 100k in Nigeria. 

No stress, no long talk. Just the information you need to get that money in your account.

Here is the 500K Loan in Nigeria Without Collateral

Why Choose Loan Apps?

Before we jump into the list, let’s talk about why loan apps are the way to go.

They are actually convenient. Just a few taps on your phone, and you’re good to go.

Do we need to talk about how fast they are? These apps deliver cash to your account within minutes.

5 Loan Apps That Gives 100k in Nigeria

If you’re in need of quick cash, you’re in luck. Nigeria has several loan apps that offer loans up to ₦100,000.

Below are the lists of loan apps that give 100k in Nigeria. 

  1. Alat
  2. Palmcredit
  3. Carbon
  4. QuickCheck
  5. FairMoney


You must have heard of ALAT by Wema Bank, right? Well, ALAT is a loan app in Nigeria that’s so convenient and reliable. It’s actually Nigeria’s first fully digital bank, so it’s more than just a loan app.

It’s a whole banking experience right on your phone. Imagine you requesting a loan, without stepping into a bank. Sweet, right?.

That’s it!  ALAT does not demand physical visit to the location and response time between loan acceptance and loan disbursement doesn’t take much time at all.

With this app, you can borrow more than ₦100,000 without collateral.The interest rate is so favorable to the user. All you need to do is follow the procedures , it’s so simple.

Is ALAT Reliable?

By now, you might be wondering if the ALAT app is reliable? 

Well, since it’s backed by Wema Bank, which has been around for ages, it’s as reliable as it gets. They use top-notch security features, so you don’t have to worry about your info getting into the wrong hands. 

Just like with any financial service, you should read the terms carefully, especially for loans, so you’re not hit with surprises later.


PalmCredit is another app in the Nigerian loan app space. With Palmcredit, not only can you get a loan, but you can also earn by referring friends. 

The maximum loan amount is, and ₦100,000 the best part is that their repayment plan is flexible.

All you need is your mobile phone and some basic personal info, and you’re good to go. They’ve designed it to be simple, quick, and convenient.

Just make sure you pay it back on time, or you might face some extra charges. 

Is Palmcredit Reliable?

Now, I know you’re probably thinking, “Is this legit?” Fair question!

 Palmcredit has been around for a bit, and they’ve built a good reputation. They’re known for their transparency,everything from interest rates to repayment terms is laid out clearly, so you know exactly what you’re getting into.

Just make sure you read all the information and pay back on time to avoid any headaches. All in all, it’s a solid option for quick loans in Nigeria. Just remember to borrow responsibly!


If you’re on the lookout for quick, easy and loans up to 100k in Nigeria, this is another app you’ll want to know about.

Whether you’re looking to cover some unexpected expenses or start a side hustle, Carbon’s got a loan option for you. It offers instant loans. And the repayment terms? Super flexible. 

They offer loans up to ₦100,000 flexible repayment plans. Their interest rates are also not too bad.

Also, they have this cool feature where you can see your credit report right in the app. It’s a great way to keep your loan status in check.

Is Carbon Reliable?

I get it; the world of online lending can be tricky. But Carbon’s been around since 2016 and has earned its stripes as a reliable lender. 

They’re backed by some reputable financial institutions, and they’re pretty transparent about their terms and conditions. 

Just make sure you read everything carefully before taking out a loan to avoid any surprises and make sure you can pay back on time.

For more information, read on the Carbon Loan App Review


Ever found yourself in need of an instant loan of 100k, Well, if you’re in Nigeria, QuickCheck might be your savior.

This app offers instant loans without the paperwork and long queues you’d find at a regular bank. It’s pretty much what the name says: a quick check, and you could have the money you need.

This app is like that reliable friend you can always count on. 

With QuickCheck, you can get loans up to 100K without any collateral. Yes, you heard that right and it’s risk free.

On this app, getting a loan doesn’t require much time, and it’s transparent. Also, the more you use the app and repay loans on time, the higher the amount you can borrow next time. It’s like they reward you for being responsible!

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Wondering if QuickCheck Reliable?

Now, the question is can you trust your infomation with it? 

QuickCheck has been around for a bit and has built a name for itself as a reliable micro-lending platform. They take data security seriously, so your information is in safe hands. 

But hey, it’s always smart to read the terms and conditions before taking out any loan, so make sure you know what you’re signing up for.


Fairmoney is another loan app making waves in Nigeria, but it’s got its own twist.

FairMoney isn’t just about giving you quick cash; it’s about providing a more rounded financial service.

With FairMoney, you can get up to 100K and they even offer discounts if you repay your loan early. 

The cool thing about FairMoney is their lower interest rates for repeat customers. It’s like they’re saying “thank you” for paying back on time. 

They also offer financial advice and tips within the app to help you manage your money better. 

That’s pretty thoughtful, don’t you think?

Is FairMoney Trustworthy?

Here comes the trust factor. Super important, right? Well, FairMoney has been around since 2018, and they’ve helped a lot with quick loans and other services. 

They’re transparent about their fees and interest rates, and they have pretty solid reviews online. 

Still, it’s always smart to read the terms and conditions thoroughly so you know exactly what you’re getting into.

Now, let’s talk about methods for using a 100k loan app.

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Tips for Using 100k Loan Apps in Nigeria

  1. Download the app: With the above talks, it’s left to you to decide which loan app you trust and want to get a 100k loan from.
  1. Input the requirement: After you’re done installing the app, the next step for you is to register. Drop the required documents, your BVN is also needed as it helps bring more loan offers. 
  1. Check the offer: Go ahead and input the amount you want to loan.Remember you might have more offers than the one you input, so carefully check your available offer.
  1. Read the Terms: Seriously, read the terms and conditions. You don’t want any nasty surprises later.
  1. Check Reviews: A quick scroll through the app reviews will give you an idea of what you’re getting into.
  1. Compare Interest Rates: Don’t just jump on the first app you see; compare interest rates to get the best deal.

FAQs on Loan Apps That Give 100k in Nigeria

What Loan Apps in Nigeria Offer Up to 100k?

Alright!! We’ve listed some loan apps in Nigeria that offer up to 100k and all are mobile platforms where you can borrow money without the need for collateral. 

Some of the loan apps we wrote about include, ALAT, Carbon, PalmCredit, and QuickCheck. 

These apps are super useful for emergencies or if you need quick cash to sort some stuff out.

How Do These 100,000 Naira Loan Apps Work?

Most of these loan apps are pretty straightforward. You download the app, fill in your details, and then you might have to link it to your bank account.

Once you are done, you can request a loan. The money is usually sent to your account within a few minutes.

What Are the Interest Rates Like?

Interest rates vary a lot. Some might offer you a lower rate if you repay quickly, while others could be a bit on the high side.

It’s very important to read the terms and conditions so you know what you’re getting into. 

You don’t want to be shocked when it’s time to pay back, right?

Are These 100,000 Naira Loan Apps Safe?

Yes, most of these apps are pretty secure. They have to follow strict financial regulations, and they use encryption to protect your data.

But, you know, always be cautious. Make sure you’re downloading the official app and check out reviews to see what other people are saying.

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What Happens if I Don’t Repay on Time?

If you don’t repay on time, some apps will charge you late fees, and others might report you to a credit bureau.

 Your credit score could take a hit, and you might find it difficult to get loans in the future.

 So, it’s better to make sure you can pay back within the stipulated time.

Any Tips for First-Time Users?

Yeah, sure. First, only borrow what you can repay. Also, compare different apps to see which one gives you the best terms. 

Remember to always read the fine print so you know what you’re agreeing to.

These are the basics you should know about loan apps in Nigeria that offer up to 100k. If you’re thinking of getting a quick loan, I hope this helps you make an informed decision.


Life is unpredictable, and sometimes, we need a little financial boost to get us through. 

These loan apps offering up to 100K in Nigeria can be that financial friend you need in times of crisis.

Just remember, loans are a responsibility. Make sure you can pay back on time, and always read the fine print.

Basically, these are all you need to know about loan apps in Nigeria that offer up to 100k. If you’re thinking of getting a quick loan, I hope this helps you make an informed decision.

So, which of these loan apps have you tried, or are you considering trying?

Drop your thoughts in the comments below. 

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