Connect with us


15 Best Instant Online Loan Apps in Nigeria for Students 2022

Borrowing money from a friend may appear to be the best option at times, but keep in mind that we all live in a time when nothing is simple, as most of your friends may not have any funds to lend. This is when obtaining loans comes in handy.

In Nigeria, there are currently several loan applications that provide loans at various interest rates.

I recall when individuals had to wait in line for a loan application, even if it was only for a small amount. The financing procedure might take up to a month or longer at times.

However, with the advances in technology, you can now obtain mobile loans to meet personal and school needs within 24 hours by utilizing a smartphone, a mobile app, and an internet connection.

Would you like to know about the best instant loan apps in Nigeria for students that can help you receive quick loans in an emergency?


After reading through this post from beginning to end, you will discover at least one instant loan app that will suit your specifications.

Best Instant Online Loan Apps for Students

Here is the list of the best instant online loan apps for students in Nigeria;

  1. Carbon
  2. FairMoney
  3. Branch
  4. Aella Credit
  5. PalmCredit
  6. QuickCheck
  7. Alat
  8. Okash
  9. KwikMoney (MIGO)
  10. SokoLoan
  11. KiaKia Money
  12. CreditVille
  13. Blocka Cash
  14. Lidya
  15. Page Financials

1. Carbon

Carbon is a digital bank that not only provides access to loans but also possibilities for investing, money transfer, airtime purchase, bill payment, and so much more.

All you have to do is get the app from the Google Play store.

Fill out your biodata, submit all of the required facts, including your BVN, and a loan amount will be computed and authorized for you based on the information you provide.

When it was initially launched, the Carbon app was known as the PayLater app. Carbon is the most common and preferred method for most individuals to borrow money online.


The program lends money to anybody, whether you are a student or a monthly wage worker, or even if you are an entrepreneur. Carbon is there for you when you need it, and receiving money is quick. They make it simple to obtain credit.

There is no requirement for guarantors or collateral for you to utilize carbon. You can apply for a loan 24 hours a day, seven days a week, and have cash deposited into your account within minutes.

2.  FairMoney

This is one of the best loan apps for students in Nigeria. Using your registered account, you may get a loan in minutes, buy airtime, and pay bills.

To begin, just register with the phone number associated with your BVN (an OTP will be sent to the registered number for verification).

You must include your contact information, as with any other loan application. Within minutes, cash will be deposited into your account.


Fairmoney is secure and reliable, and they make getting loans and paying bills fast and easy.

As a student, you can also earn extra cash when you join their referral program.

You may apply for loans online for as much as ₦150,000 with FairMoney, and you don’t need any documentation, no collateral, and it’s completely stress-free to use the FairMoney Loan App to acquire loans.

FairMoney also allows you to stretch your repayments across numerous instalments, giving you more flexibility and making the software and services easier to use.

3. Branch

The Branch loan platform is also one of the top loan applications for students in Nigeria, and the best news about it is that it doesn’t just operate in Nigeria; it also has operations in Kenya, Mexico, and India. This means that a trusted worldwide


The Branch makes it simple for you to obtain loans for your needs at any time and from any location.

Sign up in seconds, apply for a loan, and get your money deposited directly into your bank account. It’s a quick, easy, and dependable method to get cash amounts, even in emergency situations.

As a student, you may borrow loans as low as ₦1000 and as much as ₦200,000 via the Branch loan app.


This loan app features no late/rollover penalties, monthly interest rates ranging from 3% to 21%, and yearly interest rates ranging from 15% to 34%.

4. Aella Credit

Another loan app in Nigeria that assures speedy loans is Aella Credit, which offers loans up to 1 million with interest rates ranging from 6% to 20%.


The loan duration is 1–3 months with no late/rollover penalties.

You may get the software from the Playstore (Android), the App Store (iOS), Fill out all of the required information to utilize the app and have access to fast loans wherever you are.

Make sure your details are valid and correspond to the information you provide, as incorrect details may prevent you from using the app.

5. PalmCredit

Palmcredit takes the top spot among the best loan applications in Nigeria. Palmcredit allows you to receive a loan for as little as ₦2,000 and as much as ₦100,000 directly from the app.

The PalmCredit loan app is available for download on the Playstore, or you may find out more information on any PalmCredit social media platform.


Loan Duration

Its loans range from 91 to 180 days. The interest rate ranges between 14% and 24%. This implies that if you request a $100,000 loan for six months, your total payback amount will be $124,000.

A student can apply for a loan on palm credit if you meet their age requirements, which is 18 years and above.

6. QuickCheck

Quickcheck’s mission is to provide financial services to help people and businesses achieve their goals. However, as a first-time customer, you can obtain a loan of $10,000 for a period of 30 days.

With the QuickCheck app on your phone, you may acquire immediate loans directly into your bank account at any time of day or night. This is one of the top loan applications in Nigeria since their method of obtaining money is excellent.

You can obtain rapid cash loans with interest rates in the single digits at any time and from any location.


This loan software enables Nigerian students to obtain instant online loans without the need for collateral, and it works flawlessly.

7. Alat

Alat by Wema provides you with access to rapid loans without the need for documentation or a visit to a bank.

Despite the fact that it is owned and managed by Wema bank, you can borrow up to ₦2,000,000 subject to specific restrictions and limitations.

8. Okash

Recall the widely known Opay app, where you could do transactions, purchase airtime, pay bills, and lots more all at the same time?

Okash is an Opay subsidiary that was formerly featured in the Opay app.


Okash is now an independent loan application in Nigeria, which means you can get the software from the Playstore (Android), the App Store (iOS), Fill out all of the required information to utilize the app and have access to fast loans.

Loan Amount

Okash gives you access to loan sums of up to ₦50,000 with no collateral, while the maximum loan amount varies. They offer flexible payback plans ranging from 91 days to 365 days.

9. KwikMoney (MIGO)

Obtaining a loan via KwikMoney is an entirely unique experience, as loans can be obtained without the use of the app. Loans are obtained through their website’s loan portal.

You don’t need any proof to have your loans approved in a matter of minutes. The sooner you return your loan, the greater the interest rate you can borrow the next time you use the site.

You can visit their official website at to complete the loan in seconds using only your phone number and have the money deposited directly into your bank account.


Repayment Duration

You have 14 days to 30 days to repay the loan. If the loan is paid off before the 14th day, you will not be charged interest.

That’s a great feature for students. The interest rate on the money you borrowed will increase by 5% after the 14th day.

10. SokoLoan

Soko Lending Company Limited, a microfinance institution, aims to enhance the chances for the poor to access financial services by offering financial services to low-income businesses, students who continue to learn, and others.

Sokoloan is an easy-to-use app that can be used at any time of day or night to obtain short-term loans in Nigeria.

The sooner you pay off your borrowed funds, the higher your loan limitations will be. As a student, You can always rely on the Sokoloan money lending platform/app to obtain instant loans in Nigeria.


11. KiaKia Loan

The KiaKia Platform is another safe platform for borrowing money and getting instant loans in Nigeria. KiaKia literally means “fast fast” in Yoruba country (Nigeria), implying that the procedure of giving money is quick.

As a student looking to pay school fees for the semester or if you are into business and want finances to expand it, KiaKia Money is ready to provide loans.

You can receive loans from Sterling Bank, the official proprietors of Kiakia loans, by dialling *822# on your cell phone.

All you have to do is go to the Kiakia official website ( at any time of day to begin the loan procedure.

12. CreditVille

CreditVille is another money lending application for working students in Nigeria. CreditVille provides cash loans to address immediate demands in any area.


Loan Amount

At CreditVille, you may acquire loan offers ranging from ₦100,000 to ₦4,000,000 for up to 18 months with no collateral to suit your financial demands.

To apply for a loan at CreditVille, simply go to their official website and fill out the registration form.

You will receive your loan without any hassles as quickly as 4 hours after meeting the required conditions and documentation.

13. Blocka Cash

Blocka Cash offers simple and convenient loans for students in Nigeria. Blocka Cash is accessible in both the Android Playstore and the Apple App Store.

You could get a short-term loan on Blocka for as little as ₦5,000 and as much as ₦50,000, depending on your payment history.


However, you should be at least 21 years old to apply and participate. You may also be. You may be required to show a valid government ID. You may be required to show a valid government ID.

Other features of Blocka Cash include:

  • Loan tenure: 60 to 180 days.
  • Rate of interest: 3% – 10% per month
  • iOS, Android,
  • Loan Amounts: ₦5,000-₦50,000
  • APR (Annual Percentage Rate): 36% to 120%

14. Lidya

Lidya was one of the first loan applications in Nigeria to provide access to a secured fast online loan in Nigeria to small and medium-sized enterprises.

Loan Amount

The platform provides credit to enterprises ranging from ₦500 to ₦50,000. This loan amount is exactly what students are looking for.

Lydia evaluates the capital adequacy of any individual or company seeking a loan. This evaluation is used to provide a credit score that is unique to each organization.

Lydia also makes loans available within 24 hours or less. The loan tenure is determined by the loan amount, and multiple loans cannot be given at once.


Payment methods include debit cards and direct deposit. And as a student, to be able to qualify for this loan, you need to own a business.

15. Page Financials

Page Financials is a CBN-licensed financial firm that provides personal loans in Nigeria.

The organization states that obtaining a loan from them is simple and straightforward and that they employ a flexible paperwork process.

Loan Amount

Loan amounts range from ₦100,000 to ₦5,000,000, with monthly interest rates ranging from 3.76 per cent to 120 per cent, and annual percentage rates ranging from 29 per cent to 120 per cent.


Loan Tenure

The loan tenure ranges from 60 to 180 days, and repayment methods are either manually entered or charged through the auto-debit service.


There are many apps to obtain instant loans online as a student in Nigeria, but I cannot include all of them, which is why I have decided to list the top 15 best loan apps and platforms to get instant loans as a student.

However, you should be aware that if you are going to borrow money, especially for business purposes, make sure you have carefully planned everything so that you do not get into debt, and if you are borrowing for personal reasons, make sure you have the means of repaying it on time due to interest.

Click to comment

Leave a Reply

Your email address will not be published.


How to Get Unskilled Jobs in Canada for Foreigners

If you are a citizen or a permanent resident of Canada you can simply apply for a job at any company that is hiring unskilled workers. If neither a Canadian citizen nor a permanent resident, your single option is to apply to immigrate to Canada as a foreign worker. You must have to complete the Canada unskilled work visa process and the immigration process may take up to five years.

During the period you’ll have to meet all the procedures, requirements, and score enough points to be eligible. You will also have to show that you have at least the minimum level of financial status by providing the statement of bank balance. You would have a very minimal chance of getting a work permit visa in Canada for some sort of unskilled worker jobs.

In the case of a company in Canada that wants to recruit foreign workers on work permits, they have to prove that they’ve executed all available options to find a Canadian to fill the unskilled job position. They also have to prove that there is a limited supply of unskilled workers in Canada who are a qualified candidate and able to fill the position.

Moving to Canada by Applying Temporary Foreign Worker Program

For unskilled and semi-skilled workers seeking jobs in Canada, another beneficial offer available is the Temporary Foreign Worker Program.


This program allows foreign workers to work and live in Canada on a temporary basis, usually for 2 years. During the period immigrants can also apply for a new work permit or an extension on the existing work permits. However, the process depends on the employers and the job offer workers have received. In order to be eligible for this program, you must:
• Have written letter of the job offer you have received from a Canadian employer
• Have an approved Labour Market Impact Assessment (LMIA).
• Convince the immigration officer that you are staying in Canada temporarily and will leave the country as soon as the end of your employment contract period.
• Provide all necessary documents that you meet the requirements of the job. These documents may be your previous work experience, job-specific training (2 years maximum), and academic requirements (usually a high school diploma).
• You must not have criminal records
• You must be in good health.
• Make sure all documents are in English or French.
• Prove that you do not pose a threat to the security of the country.
• Provide evidence of having a sufficient amount of funds to live in Canada.


Jobs Available

Food Processing
– Process Control and Machine Operators

– Industrial Butchers, Meat Cutters, Poultry -Preparers


– Fish Plant Workers

– Food Testers, and Graders

– Food, Beverage and Tobacco Processing

Travel and Accommodation
– Hotel Front Desk Clerks

Tour and Recreational Guides & Casino Occupations
– Tour and Travel Guides


– Outdoor Sport and Recreational Guides

– Casino Occupations

Long-haul Truck Drivers
– Long-haul truck driver

Food and Beverage Service
– Hostesses

– Bartenders


– Food and Beverage Servers

– Food Counter Attendants

– Kitchen Assistants

– Light Duty Cleaners

– Specialized Cleaners


– Janitors, Caretakers, and Building Superintendents

Elemental Services
– Dry Cleaning and Laundry

– Hotel Valet

Continue Reading


WareHouse Workers Urgently Needed In Coquitlam, BC facility

We are currently looking to hire Warehouse Workers to work in our Coquitlam facility and join our outstanding team of support! In this role you would be supporting various departments including but not limited to the welding and service technicians team. Hands-on training will be provided along with forklift certification. You will be stocking and organizing inventory and maintaining the housekeeping of the warehouse and yard. The General Laborer position requires some heavy lifting, and some experience in a warehouse facility. This role is long-term and full-time and gives you an opportunity to work with an outstanding team, it is a fantastic opportunity! Are you looking to easily get started in your new career? Send us a resume!

Shift: Monday-Friday
Time: 8:00am-4:30pm OR 4:00pm-11:30pm
Wage: $20-$22 an hour (depending on experience)
Area: Coquitlam, BC
Looking for candidates who can start immediately
Full-Time/ Permanent position
Transit Accessible
• Can start right away*

If interested in the Warehouse Worker role in Coquitlam, BC – please send us your resume and we will take care of the rest!

– Starting wage is $20+ an Hour
– Shift is Monday to Friday (Days)
– Job Security
– Fantastic Benefits Packages
– Opportunities for growth.
– A dynamic work environment with a strong team.
– Transit accessible location

– Assembling pallets of products for inventory requests including wrapping orders and preparing them for shipping
– Ensuring items are accurately picked and identified to avoid discrepancies
– Adhering to all safety and equipment regulations, and maintaining a clean work environment
– Utilizing an electric pallet jack to maneuver through the warehouse
– Ability to take direction from a voice-automated system to pick and organize orders
– Gathering orders, packing, wrapping and strapping
– Loading and unloading trucks
– Pallet-Jack use/ Sit down counterbalance- not required but would be an asset


– Previous experience in a warehouse or working with inventory is a bonus but not required
– We prefer that you have your own steel toe boots and a safety vest.
– Must be able to lift up to 35+ lbs
– Reliable, responsible & willing to get the job done
– Good attention to detail
– Ability to provide previous references
– You are currently located in the Coquitlam, BC area!

If this sounds like the perfect job opportunity for you, look no further!
We are also accepting referrals and offer a bonus that will put extra cash into your pocket- ask us about it to learn more.

Just send your resume along to Randstad Team!
Lipika @
Nicole @

Continue Reading


I Have No Income And Need Money Now: How To Get Cash Now With No Job

If you find yourself in the league of those constantly using the term “I have no income and need money now” and you keep wondering how you could scale through your expenses and pay up your bills. It may seem difficult to secure a loan with manageable interest rates and payback terms for those who need to borrow money without proving their income, but this is simply untrue!

When you are unemployed or lack access to a standard pay stub from a 9 to 5 job, you have a lot of possibilities for emergency loans.

I Have No Income And Need Money Now: How To Get Cash Now With No Job

These loans are a form of funding accessible to people without a job or a stable source of income.

Before qualifying an applicant for a loan, many traditional lenders need verification of yearly or monthly income. Some even set a minimum income requirement for applicants to be accepted and reject applications if the applicant doesn’t make the required amount.

<em><strong> I Have No Income And Need Money Now | Amazing Tips To Guide You Through </strong></em>
I Have No Income And Need Money Now: How To Get Cash Now With No Job

This can make it challenging for people looking for no income loan products to find a direct lender. Thankfully, several internet lenders offers loans to individuals who keep using the term “I have no income and need money now”. These type of loans accept applications from borrowers without a job or conventional income proof. There are many other ways besides a pay stub to demonstrate your ability to repay a loan!

How Does No Income Loans Really Work?

These loans work similarly to other types of loans. However, no-income loans require that you have some alternative method of paying them back with interest. Therefore, lenders will want to see your credit history, bank accounts, and proof of any liquid assets that demonstrate your ability to repay the loan, if you pass the test, they will offer you some loans you can pick from and that will take you off the term “I have no income and need money now.”

<em><strong> I Have No Income And Need Money Now | Amazing Tips To Guide You Through </strong></em>
I Have No Income And Need Money Now: How To Get Cash Now With No Job

Lenders look over your finances, assets, credit score, distributions, or payouts from any other sources to determine the level of risk you represent to their firm if they were to approve your loan. If they are confident that you can pay them back, they’re likely to approve your request.

There are many different types of liquid or cash-equivalent assets, monetary compensation, benefits, or alternative income sources you can use to show that you can make payments.

Alternatives You Can Use When You Constantly Use The Term “I Have No Income And Need Money Now”

  • Side gigs or a business startup
  • Self-employment income
  • Unemployment benefits
  • Royalty payments
  • Partner income
  • Child support
  • Tip income
  • Alimony
  • Social Security benefits (retirement or disability)
  • Dividend payments or other investment income
  • A job offer with an offer and an acceptance letter
  • A retirement account (including a pension)
  • Veterans Administration (VA) benefits

A lender can still believe there is some danger even if they believe you can repay the loan. As a result, you can be required to make additional payments to cover the lender’s risk. No-income loans may also have a number of drawbacks.

<em><strong> I Have No Income And Need Money Now | Amazing Tips To Guide You Through </strong></em>
I Have No Income And Need Money Now: How To Get Cash Now With No Job

For a lender to be confident in approving your loan when using the term “i have no income and need money now” they usually offer you loans with higher interest rate, higher fees, repayments period of months and not years for those who have income and lastly, they’ll rather offer you low loan amounts rather than the usual bulky amount they offer.

There are four types of no-income loans currently in use:

  • Stated income, verified assets (SIVA)
  • No income, no job, no assets (NINJA)
  • No income, verified assets (NIVA)
  • No income, no assets (NINA)


An applicant for a SIVA loan must have sufficient confirmed assets to serve as collateral and sufficient income, even if it is insufficient to qualify for a loan.


NINJA loans was quite popular before the 2008 financial crisis. They were essentially loans granted on the basis of the borrower’s assurance that they would be able to repay the amount. However, financing restrictions have made it much more difficult to get them.



Of the four loan types, clients without conventional or alternative incomes can typically apply for an NIVA loan. Before a loan is accepted, assets must first be valued and then put up as collateral.


NINA loans are often only given to landlords who are real estate investors. For the loan to be approved, these investors must prove they have the funds necessary to make re payments.

There are alternative options if you are unable to get a no-income loan approved and you keep using the term “i have no income and need money now” there are other possibilities and It’s a good idea to consider your options before choosing one of these loans:


1. Ask Family Members Or Friends You Feel Can Help You Out

Check a loved one to see if they can assist you rather than going to the bank. Better terms will be offered. Just be sure to pay back the debt on time to avoid losing a crucial relationship.

2. Community Assistance

Look around your neighborhood to see if any resources are accessible. For instance, you might be able to get short-term financial assistance from religious groups, indigent utility programs, or food pantries without getting a loan. A community resource that could assist you in raising money for a mortgage is crowdsourcing.

3. Get Creative In Other To Make A Few Bucks

Think about taking a ride-sharing job. Every day, you have the option to pay out, giving you the chance to make some quick cash. To make extra money quickly, you may also provide child care, pet sitting, or handyman services. You can also make some extra money by renting out a room in your house or by selling things you don’t need.

Frequently Asked Questions (FAQs) About ‘I Have No Income And Need Money Now: How To Get Cash Now With No Job

Can I Get A Loan If I Have No Income?

Can you get a loan if you have no income? You can get a loan even if you have no income. Most no-income loans carry higher interest rates, but with Instacash cash advances, you’ll have access to up to $250 without having to pay any interest for an entire month.

What Loans Do Not Require Proof Of Income?

A no-doc mortgage loan, also known as a no-income verification home loan, does not require you to provide income proof to the mortgage lender. And you can as well check our listings above to find the one that suits you.


What Apps Pay You Instantly?

  • Cashyy (Android Only)
  • Mistplay (Android Only)
  • Rewarded Play (Android Only)
  • Swagbucks
  • MyPoints.
  • Kashkick.
  • InboxDollars.
  • Steady.

What Is Begging Money?

Begging (also panhandling) is the practice of imploring others to grant a favor, often a gift of money, with little or no expectation of reciprocation. A person doing such is called a beggar or panhandler. Beggars may operate in public places such as transport routes, urban parks, and markets.

Continue Reading


Copyright © 2022