Full List of Loan Apps Approved by CBN in Nigeria - TL Updates
Skip to content

Full List of Loan Apps Approved by CBN in Nigeria

Loan Apps Approved by CBN


Having easy access to loans may be revolutionary in the rapidly evolving realm of personal and commercial finance. Many loan applications that provide financial solutions to both people and companies have been approved to operate in Nigeria by the Central Bank of Nigeria (CBN). We’ll go over the whole list of loan applications that CBN in Nigeria has authorized in this post to assist you in making well-informed selections about your borrowing requirements.

(Previously Paylater) Carbon

In Nigeria, Carbon—formerly Paylater—is a well-known lending app. Since it provides quick loans without collateral, many people choose it first.

Money Renmoney

Another lending site that has been licensed by the CBN is Renmoney, which offers personal loans for a range of purposes and has an easy application procedure.


With a user-friendly mobile app design and affordable interest rates, FairMoney provides fast and simple access to loans.

Palm Credit

Popular lending app Palmcredit provides rapid loans with adaptable payback schedules. Many Nigerians who are looking for financial aid now trust it.


In the lending app market, Branch is a major participant worldwide and is well-liked in Nigeria. It has a solid track record and offers quick loans without collateral.


Thanks to its credit scoring algorithm, QuickCheck is well-known for being able to provide loans to customers based only on their creditworthiness. It’s a reliable personal loan platform.

Credit Aella

Aella Credit is dedicated to provide loans and financial services to Nigerian consumers and small enterprises. They emphasize prudent financing techniques.


A Nigerian financial app called Kiakia provides loans for both individuals and businesses. It is well-known for its rapid loan payout and features an easy-to-use interface.


Payday loans, personal loans, and other lending products are available via Specta, a Sterling Bank offering.


In Nigeria, QuickCredit is a newly popular credit software that offers consumers instant loans at affordable interest rates.

Advantages of Applying for Loans Approved by CBN