9 New Loan Apps In Nigeria 2023

New Loan Apps In Nigeria

According to Trading Economics, Lending Rate in Nigeria averaged 14.05 percent from 1961 until 2023, reaching an all-time high of 37.80 percent in September of 1993 and a record low of 6.00 percent in April of 1975.

Considering the present state of affairs in Nigeria, only a small fraction of individuals can afford to live without relying on credit. The situation is arduous and continues to worsen day by day.

Getting loans from banks can be really difficult, It brings to mind the time when people had to queue for loan applications, even for amounts as low as five digits. The loan process often took weeks, if not longer. However, thanks to technology, we now have the convenience of obtaining mobile loans within 24 hours to address personal and business needs, using nothing more than a smartphone, a mobile app, and an internet connection.

In Nigeria, there is now a multitude of loan apps available, catering to various interest rates. Some of these rates are borrower-friendly, while others may not be as favourable. Loan apps are easier to use and more flexible, without the need for collateral and with minimal interest rates, all from the comfort of your home or office. yet it has its own difficult part as well, because, there have been some fake loan apps in Nigeria and some genuine ones as well.

Due to the many loan apps in Nigeria, the customer service of the old loan apps can be really bad at times, so you have to take advantage of the new loan apps in Nigeria. see also, where to invest money in Nigeria

So, If you’re tired of using the same conventional loan apps in Nigeria, new loan apps in Nigeria have emerged to rescue you. Let’s review these new loan apps in Nigeria, which can be used in conjunction with some of the best loan apps available. But before we proceed, I have a few pieces of advice for you:

• It is crucial to borrow an amount that you will be able to repay to avoid any potential embarrassment from loan agents.
• Borrow only for pressing needs, such as health, education, and other important matters.
• Keep in mind that the interest you pay is determined by the timeline you choose for repayment. Longer timelines result in higher interest rates. Therefore, it is essential to make accurate calculations when planning your repayment strategy.

Standard Requirements for loan applications in Nigeria

1. Bank verification number
2. Favourable credit rating
3. Minimum age requirement of 18 years
4. Smartphone equipped with data connectivity
5. Proof of salary or income

New Loan Apps In Nigeria

In Nigeria, there are specific applications that provide instant loans, and among them, there are reliable and trustworthy options. In this article, we will explore some of the finest loan applications that are reputable and offer loans starting from at least 5000 Naira to new users.

Now, let’s delve into the details of these new loan apps in Nigeria that you can utilize in conjunction with some of the best loan apps available.

1. P2Vest

P2Vest stands out as one of the well-known peer-to-peer (P2P) loan apps in Nigeria, providing individuals with an alternative funding option. This P2Vest platform acts as a link between carefully selected borrowers and lenders or investors who seek higher returns on their capital in comparison to savings accounts and fixed deposits. Additionally, P2Vest offers a separate loan platform called P2VFB, specifically designed for businesses to effectively manage their money lending activities.

2. Blocka Cash

Blocka Cash emerges as one of the recently introduced loan apps in Nigeria, offering convenient and effortless access to loans. Blocka Cash is available on both the Android app store and Apple app store.

On the Blocka platform, individuals can access short-term loans starting from a minimum of N5,000 and going up to N50,000, based on their credit score. To qualify for a Blocka Cash loan, you need to be at least 21 years old and may be required to provide a valid government identification.

Notable features of Blocka Cash loans include:

• Platform: Available on iOS and Android
• Loan Amounts: Ranging from N5,000 to N50,000
• Interest Rate: Monthly interest rates vary between 3% and 10%
• Annual Percentage Rate (APR): APR ranges from 36% to 120%
• Loan Tenure: Flexible repayment period of 60 to 180 days
• Repayment Channels: Accepted payment methods include debit card, Quickteller, and direct transfer

When assessing loan eligibility, Blocka Cash considers various factors, such as past loan performance and credit score. It is important to note that the Blocka Cash app operates under the umbrella of James Crown Credit Limited, which holds a money lender license issued by the Ogun State Government of Nigeria. For any inquiries, you can reach out to Blocka Cash at [email protected].

3. Kuda Loan

Kuda Bank stands out as one of the most renowned new loan apps, which also operates as a digital bank in Nigeria. Kuda offers its users the convenience of an overdraft facility, allowing them to borrow up to N50,000 at a daily interest rate of 0.3%.

It is worth noting that the loan amount you can obtain from Kuda Bank has the potential to increase based on your usage of the Kuda app.

4. Kredi Loan

Kredi is yet another emerging loan app in Nigeria, which is making waves as a rising digital bank in the country. It provides borrowers with the convenience of instant loans in Nigeria. Kredi offers four distinct types of loans, namely the Kredi SME Loan, Kredi Nano Loan, Kredi Salary-backed loan, and Kredi collateral-backed loan.

The loan amount available through Kredi depends on your eligibility and qualification, which are determined by the customer tier you belong to.

5. Umba Loan

Umba Bank is progressively gaining popularity as a digital bank in Nigeria, providing not only loans but also rewarding its users with various bonuses and perks. By having an Umba bank account, individuals can conveniently perform financial activities such as spending, bill payments, loan applications, and even cashback, all through the Umb mobile app.

Additionally, Umba Bank offers its users the advantage of zero fees and unlimited transfers. As for the Umba loan app, it is one of the recently introduced loan apps in Nigeria that focuses on providing personal loans. The loan amounts through Umba start from N1115 and can go up to N89182 Naira, with a fixed interest rate of 10% for a loan duration of 62 days.

6. Yescredit Loan

YesCredit is one of the loan apps specifically designed for iPhone users in Nigeria, offering loans with relatively lower amounts. Their loan range spans from N5,000 to N50,000. Accessing a YesCredit loan is a quick process that can be completed within minutes, and once approved, the funds can be deposited into your wallet and transferred to your bank account immediately.

YesCredit is among the new loan apps in Nigeria that progressively increase your loan limit with each successful repayment. The platform operates on iOS devices. The loan amounts available through YesCredit range from ₦5,000 to ₦50,000. The interest rates vary between 4.5% and 35%, equivalent to a monthly interest rate of 5% to 29%. The Annual Percentage Rate (APR) ranges from 29% to 120%. Loan tenures can range from 60 to 180 days.

Repayment channels accepted by YesCredit include debit/ATM cards and direct transfers. The unique aspect of YesCredit is that it does not require collateral, guarantors, or extensive documentation to grant loans. However, individuals must be at least 21 years old. For loan amounts exceeding a certain threshold, additional documentation may be required.

YesCredit is a product of YesCredit Limited, a licensed money lender authorized by the Lagos State Government of Nigeria. To contact YesCredit, you can reach out to them at [email protected].

7. Irorun Loan

Irorun is one of the new loan apps in Nigeria specifically designed for iPhone users. On the Irorun app, you can sign up and easily request a loan, which will be disbursed to you within minutes.

If you are looking for mobile loans in Nigeria and want peace of mind, Irorun claims to be the ideal choice. It focuses on providing micro-credit and specializes in small loans.

• Platform: iOS
• Loan Amounts: N2,500 – N50,000
• Interest rate: 4.5% – 35% with a monthly interest of 5% – 29%
• Annual Percentage Rate (APR): 29% – 120%
• Loan tenure: 60 – 180 days.
• Repayment channels: Manual or auto-debit service.

To repay a loan on or before the due date, you simply need to fund your Carbon wallet through a bank transfer or the USSD option available on the app.

8. EaseMoni Loan

Easemoni is a secure and reliable loan app that provides instant loans in Nigeria. With Easemoni, you can obtain a loan within minutes, and if needed, you have the option to cancel the loan application within 24 hours.

Easemoni utilizes the data on your phone, including your financial transaction messages, and takes into account your borrowing purpose and loan repayment history. This information is used to generate an individualized credit score, which determines your eligibility for a loan.

The interest rate for an Easemoni loan is based on your credit evaluation conducted by the app, as well as your loyalty to the product.

9. FirstNell personal loan

First Nell is one of the newest loan applications recently introduced to the Nigerian market. It was launched on August 11, 2023, and is developed by Merit Finance Credit. This app provides loans ranging from ₦50,000 to ₦250,000, with a loan duration of 91 days, and the longest repayment period being 365 days. The daily interest rate is 0.0057%, and the maximum annual interest rate (APR) is 20.55%. Currently, First Nell has garnered over 100,000 downloads on the Play Store, with an average rating of 4.6. It is considered one of the new loan apps in Nigeria, offering convenient loan services to users.

Other Best Loan Apps In Nigeria

1. Fairmoney

Fairmoney currently holds the top position among loan apps in Nigeria, and there are several reasons for this. Fairmoney offers a highly advanced platform for managing loans and facilitating repayments. Additionally, they excel in increasing credit scores for users who regularly utilize the application.

Fairmoney provides numerous benefits to its users, including the ability to receive money through an assigned account number, add funds to their accounts, and send money to any bank account free of charge. Users can also apply for loans without the need for collateral, conveniently pay online bills, enjoy affordable airtime and bill payments, and even earn daily interest from savings. Furthermore, Fairmoney does not charge any fees for transfers.

These reasons contribute to Fairmoney’s well-deserved position as the number one loan app in Nigeria on this list of the best loan apps.

2. Branch

Branch is an online bank that provides instant cash loans, transfers, bill payments, and investment opportunities. Borrowers have the option to obtain loans ranging from 62 days to 1 year, with interest rates varying between 3% and 23% based on the customer’s risk profile. The APR (annual percentage rate) falls within the range of 34% to 271%. Branch secures the second position on this list of the best loan apps in Nigeria due to several reasons. Firstly, no collateral is required to access their loans. Additionally, borrowers are not subjected to late payment fees, loan origination fees, processing fees, or any hidden costs associated with the loan agreement.

3. Palmcredit

NewEdge Finance’s Palmcredit is another loan application in Nigeria where you can conveniently apply for an instant loan with a flexible repayment plan and favourable interest rate. The loan limit ranges from NGN10,000 to NGN300,000, and borrowers have the flexibility to repay their loans within a period of 91 to 365 days. Palmcredit secures the third position as one of the best loan apps in Nigeria for various reasons. Firstly, it does not require any collateral from borrowers. Additionally, there are no hidden fees, rollover charges, or transaction fees associated with the loans. Moreover, by repaying the loan on time, borrowers have the opportunity to increase their credit limit and significantly reduce the interest rate.

4. Quickcheck

QuickCheck is a loan servicing app that is accessible in Nigeria and is designed to assist individuals in growing their businesses or dealing with emergencies. The app eliminates the need for collateral when applying for a loan. To get started, you simply need to download the app, complete the registration process, and submit a loan application. If you meet the eligibility criteria, the loan amount will be swiftly deposited into your account within minutes. The loan amounts offered by QuickCheck range from N2,000 to N1,000,000, and the interest rates commence at 5% per month. QuickCheck stands as one of the new loan apps in Nigeria that provides hassle-free access to loans for various purposes.

5. Carbon (Paylater)

The Carbon Banking app, previously known as Paylater, is regarded as one of the top loan applications in Nigeria, offering a convenient solution for obtaining loans, saving money, and managing bill payments. With the app, you can access loans of up to ₦1m and even earn up to 15.5% interest on your savings and investments. The app is accessible 24/7, and the notable advantage is that there are no late fees or processing costs associated with the loans. Additionally, users can benefit from a complimentary Visa debit card for domestic transactions. The Carbon Banking app stands out as one of the new loan apps in Nigeria that provides a seamless experience for various financial needs.

6. Okash

OKash is a convenient mobile platform for personal loans designed for users in Nigeria. It is presented by Blue Ridge Microfinance Bank Limited, which is fully licensed by the Central Bank of Nigeria (CBN). OKash provides a complete online solution for customers’ financial needs, available 7 days a week. As one of the new loan apps in Nigeria, the application process is straightforward, requiring minimal documentation, and once approved, the loan amount is promptly deposited into your bank account. OKash can be accessed either through the Opay application or by directly downloading it from the Play Store.

7. Aella App

Aella Credit is a fintech company that provides fast and convenient access to loans within 5 minutes. It offers a wide range of loan amounts from ₦2,000 to ₦1,500,000, with repayment periods spanning from 61 days to 365 days. The monthly interest rates range from 1.5% to 22%. Customers have the flexibility to choose tenors that suit them for up to 6 months, and there is an early repayment discount of up to 60%. Importantly, Aella Credit ensures transparency and fairness by not imposing any hidden fees or late fees on borrowers. It is one of the new loan apps in Nigeria that aims to simplify the lending process and provide accessible financial solutions.

8. Xcrosscash

Xcrosscash is another loan app that provides urgent loans to individuals in Nigeria. With Xcrosscash, there are various methods available to enhance your credit limit. This offers the opportunity to access higher borrowing limits, benefit from lower interest rates, and enjoy more flexible repayment terms. The Annual Percentage Rate (APR) ranges from 24% to 56%.

For instance, if you opt for a 6-month loan and borrow ₦10,000, Xcrosscash applies a monthly interest rate of 4%. This results in an interest rate of 24% with an APR of 48%. Xcrosscash holds the position of number 8 among the best loan apps in Nigeria. As one of the top loan apps in Nigeria, you can effectively increase your limits by engaging in stress-relieving activities or maintaining a favorable repayment history.

9. Renmoney

With the Renmoney loan app, individuals can access loans of up to ₦6,000,000 and also earn attractive interest on their savings. The app provides a range of convenient features such as bill payments, airtime purchases, and general payments. Renmoney offers urgent loans without requiring collateral or a salary account. As one of the top loan applications in Nigeria, all you need is your BVN (Bank Verification Number) to initiate a quick loan application.

The minimum loan repayment period is 3 months, while the maximum repayment period extends to 12 months. Monthly interest rates fall within the range of 2.65% to 9.89%, and the maximum Annual Percentage Rate (APR) is 35.76%. Renmoney does not charge any additional fees, providing a transparent borrowing experience.

10. Kaahkash

Kash Kash is a recently launched loan servicing app in Nigeria, introduced in January 2023, and it is compatible with both Android and iOS platforms. Kashcash provides a convenient and secure borrowing experience, offering loan amounts ranging from ₦10,000 to ₦100,000. Repayment terms are flexible, ranging from 91 days to 365 days. The Annual Percentage Rate (APR) for Kash Kash loans varies from 12% to 34% per year.

The app has gained significant popularity, with over 500,000 downloads on the Google Play Store. Users have given Kash Kash an average rating of 4.5, positioning it as one of the top new loan applications in Nigeria.

11. Easycash

EasyCredit is a reliable and secure loan app available in Nigeria. It allows borrowers to access loans ranging from 3,000 to 100,000 NGN for a period of 91 days to 365 days. The app offers competitive interest rates, ranging from 0.1% to 1%. Additionally, there is a one-time processing fee, which varies from 1,256 to 6,000 NGN. The Maximum Annual Percentage Rate (APR) stands at 40%.

Applying for a loan with EasyCredit is simple and straightforward. All you need to do is download the app, create an account, and submit your loan application. Upon approval, the loan amount will be disbursed to you. Furthermore, each successful repayment helps increase your loan limit, providing you with greater borrowing opportunities in the future.

12. Newcredit

The Newcredit app is a secure and user-friendly loan service application available in Nigeria. It provides a straightforward application process for individuals seeking personal loans. With the Newcredit app, borrowers can access loan amounts ranging from N10,000 to N300,000, which can be repaid within a flexible timeframe of 91 to 365 days. One of the notable features of the Newcredit app is that it allows users to obtain loans without the need for collateral.

The annual percentage rate offered by the Newcredit app varies from 24% to 56%, ensuring competitive interest rates for borrowers. To be eligible for a loan through the Newcredit app, applicants must meet certain criteria. This includes being a Nigerian resident between the ages of 18 and 60, as well as possessing valid identification documents and proof of identity.

13. icredit

The iCredit online loan platform in Nigeria offers secure and flexible lending options, allowing borrowers to repay their loans over a period of 91 to 365 days. Loan amounts available on the platform range from N1,000 to N50,000, and the annual percentage rates (APRs) offered vary from 5% to 36%. Additionally, there is a one-time origination fee applicable to loans, ranging from N1,000 to N6,000.

To qualify for a loan through iCredit, applicants must meet certain criteria. They need to be Nigerian residents between the ages of 20 and 55, and have a steady monthly income or salary.

iCredit is among the new loan apps in Nigeria, providing individuals with a reliable and convenient online platform for obtaining loans with flexibility and security.

14. TrueNaira

TrueNaira is one of the emerging loan applications making waves in the industry. To access a loan through TrueNaira, individuals need to be Nigerian citizens aged between 20 and 60. The loan amounts offered range from N2,000 to N300,000, and borrowers can choose repayment terms spanning from 91 to 365 days. TrueNaira applies annual interest rates that fall within the range of 16% to 21%. Notably, there are no service fees involved, meaning that the total repayment amount comprises solely the loan amount and the accrued interest. TrueNaira stands out as one of the promising new loan apps in Nigeria, attracting attention in the market.

15. Umba

Umba is a digital banking application that provides a range of services including loan applications, bill payments, and money transfers. Upon successful verification, users receive a risk rating, enabling them to access larger loans with reduced fees and flexible repayment terms. The noteworthy aspect is that no collateral or physical visits to an office are required, and loans are swiftly approved and disbursed. Loan amounts offered by Umba range from N2,000 to N30,000, and borrowers can select a repayment duration within the maximum and minimum limits of 62 days. The annual percentage rate (APR) for Umba loans is attractively low, standing at just 10%. Umba is among the promising new loan apps in Nigeria, offering convenient digital banking solutions to its users.

16. Ajeloan

Ajeloan is a Nigerian lending platform that provides a convenient and fully online loan application process with a low-interest rate. It offers you the flexibility to access the loan anytime and anywhere you need it. Whether you require emergency cash or a personal loan, Ajeloan can assist you, saving your valuable time and effort. The application is designed to ensure the safety and security of your information. With quick approval, you can instantly access the cash through the app. The loan amounts available range from ₦5,000 to ₦100,000, and the repayment plan is designed to be easy and flexible. The interest rate varies from 0.013% to 0.05%, and a one-time processing fee of 10% is charged. The loan term can be selected within the range of 91 days to 180 days, and the annual interest rates offered are between 14% and 20%. Ajeloan is one of the promising new loan apps in Nigeria, providing accessible and secure loan solutions to its users.

17. Xcash

With the Xcash loan app, you have the convenience of borrowing money online. The loan amounts available range from N10,000 to N50,000, and you can choose a repayment term that suits you within the range of 91 to 180 days. The annual percentage rate offered by Xcash ranges from 24% to 56%. To get started, all you need is an Android phone and internet access. Simply download the Xcash app from the Google Play store and create an account using your phone number. Carefully enter your information when applying for the desired product. Once your application is approved, the loan amount will be deposited directly into your bank account, and you can begin making payments as agreed upon. Xcash is one of the new loan apps in Nigeria, providing a user-friendly platform for borrowing money conveniently online.

18. Quickbucks by Access bank

QuickBucks is a loan app provided by Access Bank in Nigeria. To get started, simply download the app and complete the registration process using your email address and phone number. Once you’ve successfully signed up, you’ll have the ability to customize your profile and view the loans that you are eligible for. Additionally, the app provides information about nearby establishments such as supermarkets, bank branches, and shops. QuickBucks is one of the new loan apps in Nigeria, offering convenient access to loans and useful location-based services.

19. Bg Loan

Bg Loan is a newly launched loan financing application in Nigeria that provides instant loans at varying interest rates to its users. The registration process requires only a mobile phone and identification documents. The loan amount ranges from ₦3,000 to ₦200,000, with a repayment period of 91 to 180 days. The interest rates vary between 0.75% to 1.9% per month, which translates to an annual interest rate of 9% to 23% based on your credit rating. This application offers a convenient and efficient quick loan service. With over 100,000 downloads and an average rating of 4.7, it is considered one of the new loan apps in Nigeria, highly regarded by users.

20. Fair credit

Fair credit is another one of the best online loan apps. Since its launch, it has gained popularity among Nigerians and has currently accumulated over 100k downloads on the Play Store. With Fair Credit, individuals can borrow loan amounts ranging from ₦1,500 to ₦1,000,000, and repayment periods span from 95 days to 18 months. The monthly interest rates vary from 2.5% to 30% (with APRs ranging from 0% to 32%). Fair Credit is known for its prompt disbursement and reliability, making it a trusted choice for borrowers in Nigeria.

21. Surecredit

Sure credit is a dependable and safe loan application. It provides loans to customers ranging from ₦10,000 to ₦100,000, with repayment periods spanning from 91 days to 365 days. The annual interest rates offered by Surecredit range from 12% to 20%. This new loan app in Nigeria is characterized by its user-friendly interface, straightforward loan application process, and prompt loan disbursement.

22. WeCredit

WeCredit is a relatively recent addition to the array of loan applications in Nigeria, although not as well-established as prominent platforms like Branch and Fairmoney. WeCredit stands out by offering swift loan approvals, and the registration process is uncomplicated and user-friendly. Borrowers can access loan amounts ranging from ₦3,000 to ₦500,000, with repayment periods extending from 91 days to 16 months. The monthly interest rates vary from 2% to 24%. WeCredit ensures a seamless loan application experience, requiring only your BVN (Bank Verification Number) for processing.

List Of Fake Loan Apps In Nigeria

1. Cash Mall Loan App
2. Cash Lion Loan
3. Fast Money Loan App
4. Lend Cash Loan App
5. Borrow Now Loan
6. LCredit Loan App
7. Naira Plus Loan
8. 9ja Cash Loan App
9. Cash Wallet Loan
10. GGMoney Loan
11. 9Credit Loan
12. Sokoloan
13. Palmcash Loan App
14. Ease Cash Loan
15. ForNaira Loan
16. GotCash Loan App
17. NCash Loan
18. GotoCash Loan
19. GoCash Loan
20. KashKash Loan

How To Report Loan Apps In Nigeria

If you have been subjected to harassment, cyberbullying, character assassination, or any other unlawful practices by loan apps in Nigeria, you have the option to report such activities to the Federal Competition and Consumer Protection Commission (FCCPC). You can reach out to them via [email protected]. 

In a recent announcement, Babatunde Irukera, the Executive Vice Chairman/Chief Executive Officer of the commission, shared this information. Through their official Twitter handle, the FCCPC stated that they have observed a significant decrease in consumer complaints related to illicit digital money lending activities. Irukera credited this decline in complaints concerning loan apps in Nigeria to the rigorous enforcement efforts undertaken by the FCCPC joint task force.

FAQs on New Loan Apps In Nigeria

1. Can I get a loan with a new BVN?

Lenders require your Bank Verification number (BVN) to verify your identity. This serves as a precautionary measure as the BVN enables them to authenticate your true identity. It’s important to note that a BVN does not grant access to any bank account or facilitate direct deposits or withdrawals on its own. Its primary purpose is to ensure the accuracy and security of your personal information when engaging with loan apps.

2. Is it possible for a loan app to block your BVN?

Loan apps are unable to block or restrict access to your Bank Verification Number (BVN). However, if you fail to repay a loan, your information may be reported to the National Credit Bureau. As a result, you may be designated as a high-risk borrower, which can make it challenging to secure loans from any loan platform in the future.

3. Which loan app does not request for BVN?

These platforms include FairMoney, Aella Credit, JumiaOne, Carbon (formerly Paylater), and Okash.

4. How can I stop loan app harassment in Nigeria?

If you encounter such issues, it is advisable to report them to the appropriate authorities and seek legal counsel. While it may be challenging for some Nigerians to access legal advice, taking this action can help mitigate the harassment by loan apps and discourage predatory lending practices.

5. Who regulates loan apps in Nigeria?

The Federal Competition and Consumer Protection Commission (FCCPC) oversee and governs the digital lending sector, requiring companies in this space to register and obtain approval before operating in Nigeria’s loan app industry.

6. Is defaulting on a loan a crime in Nigeria?

According to a legal practitioner, while defaulting on a loan is considered a civil offence rather than a criminal offence in Nigeria’s loan app industry, it is important to note that the court can rule against you if it is determined that you have a deliberate intention to default on the loan.

Conclusion

If you’re considering using the new loan apps available in Nigeria, it’s important to approach them with caution and make informed decisions. These apps offer convenient options for obtaining loans, but it’s essential to understand their terms and conditions before proceeding.

To protect your interests, it’s advisable to report any illegal activities or grievances to relevant authorities such as the Federal Competition and Consumer Protection Commission (FCCPC). They play a crucial role in regulating the digital lending space and ensuring fair practices for borrowers like you.

Remember that loan defaulting is considered a civil offence, not a criminal one. However, intentionally defaulting on a loan can have consequences. It’s wise to seek legal advice if you find yourself in a challenging situation to understand your rights and responsibilities fully.

By staying informed and making responsible borrowing decisions, you can effectively utilize these loan apps to meet your financial needs while minimizing risks. Be proactive in understanding the terms, seeking assistance when necessary, and making timely repayments to maintain a positive borrowing experience.

Ultimately, the availability of new loan apps in Nigeria offers convenience, but it’s crucial to navigate this space wisely and protect yourself as a borrower.

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