Explore the latest nano loan in Nigeria 2025
This post is updated to include both old and the new nano loan providers. We also compare trusted apps like Branch, FairMoney, Carbon & Palmcredit here, plus new low-interest options like SecuCash.
What Is A Nano Loan in Nigeria?
A nano loan is the smallest type of loan offered by financial institutions or digital lenders, designed to meet urgent short-term cash needs.
A nano loan in Nigeria is a very small loan amount, between ₦1,000 and ₦50,000 in Nigeria, offered without collateral and repayable within a short period of 7–30 days.
Key Features of Nano Loans in Nigeria
- Small loan size – from ₦1,000 – ₦50,000 (sometimes up to ₦100,000).
- Short repayment period – often 7, 14, or 30 days.
- Collateral-free – no physical assets required; eligibility is based on BVN, income, or transaction history.
- Fast approval – processed instantly or within minutes through loan apps.
- Higher interest rates than traditional loans due to the short term and low amount.
Why Nigerians Use Nano Loans
- Emergency expenses (medical bills, transport, airtime/data top-up).
- Daily business cash flow support for small traders.
- Bridge finance before salary or income arrives.
Examples of Nano Loan Apps in Nigeria (2025)
Need a nano loan in Nigeria? Check out the top 10 providers in 2025, from Branch, FairMoney & Carbon to new apps like CashX and SecuCash. Fast approval, flexible repayment & secure loans.
- Branch
- FairMoney
- Carbon
- Palmcredit
- Okash
- EaseMoni
- New entrants like CashX and SecuCash
In short, a nano loan in Nigeria is that quick, small, short-term loan you can get via your phone, without any form of collateral, to solve urgent money problems.
2025 Nano Loans Updates in Nigeria
In 2025, the landscape of nano loans has expanded, with several new entrants and evolving regulations shaping borrower options.
What’s New in 2025?
- The number of licensed digital lending platforms in Nigeria has grown to 425, with 362 fully approved by the FCCPC and 21 licensed by the CBN.
- Fintechs like PalmPay stand out—not just for peer-to-peer transfers but also for nano loans, backed by 35 million users and expanding services like debit cards and insurance.
- The CREDICORP government initiative is supporting affordable credit through partnerships with fintechs and banks, potentially benefiting nano loan availability in future.
Read on to discover the top 10 apps for nano loan in Nigeria 2025. Compare interest rates, repayment terms, and approval requirements from trusted providers like Branch, FairMoney, Carbon, Palmcredit, and new entrants such as SecuCash and CashX. Get quick, secure, and affordable nano loans today.
Latest 10 Nano Loan Providers in Nigeria (2025)
Based on popularity, download metrics, approval status, and nano-loan suitability, here are the top 10 nano loan apps in Nigeria presently.
1. Branch
- Downloads: 10M+
- Loans: ₦2,000–₦1,000,000
- Interest rate: See here
- Fast approval, smartphone-data evaluation
Branch remains one of the most popular providers of nano loan in Nigeria in 2025, with over 10 million downloads on the Google Play Store. The app allows Nigerians to access quick loans starting as low as ₦2,000, making it suitable for urgent financial needs such as emergencies, bills, or small business expenses.
Loan amounts can go up to ₦500,000, and repayment terms range from 62 days to 12 months. Branch uses advanced data analysis, including smartphone usage and transaction history, to assess creditworthiness, enabling instant approval and fast disbursement directly to a user’s bank account.
What sets Branch apart in the nano loan in Nigeria market is its reliability, ease of use, and regulatory approval by both the Central Bank of Nigeria (CBN) and the FCCPC.
Interest rates are relatively low monthly, and adjusted based on a borrower’s profile and repayment history. With its seamless digital process, transparent policies, and proven track record, Branch continues to be a go-to choice for millions of Nigerians seeking quick and secure nano loans.
Check out Branch here or Try Branch today to see how it can help you access instant nano loans in Nigeria.
2. FairMoney
- Downloads: 10M+
- Loans: ₦1,500–₦3,000,000
- Interest rate: See here
- Tight disbursement (under 5 minutes)
FairMoney is another leading provider of nano loan in Nigeria, trusted by millions of users across the country. With over 10 million downloads on the Google Play Store, FairMoney offers instant loans starting from as little as ₦1,500, making it a reliable choice for individuals who need quick access to cash. The platform provides loan amounts of up to ₦3,000,000 with flexible repayment periods ranging from 61 days to 18 months, catering to both small urgent needs and larger financial requirements. Loan approvals are typically processed within minutes, ensuring fast disbursement directly into a borrower’s bank account.
As one of the most recognized names in the nano loan in Nigeria space, FairMoney stands out for its speed, convenience, and wide loan range. Its interest rates are actually low, depending on the borrower’s credit profile and repayment history. With a secure, fully digital application process and regulatory oversight by Nigerian financial authorities, FairMoney remains a top choice for Nigerians seeking hassle-free microloans.
Check out FairMoney here or Try FairMoney today to discover how easily you can access fast nano loans in Nigeria.
3. Carbon
- Downloads: 5M+
- Loans: ₦2,500–₦1,000,000
- Interest rate: See here
Carbon is one of the most established providers of nano loan in Nigeria, offering quick and reliable access to credit through its user-friendly mobile app. With over 5 million downloads, Carbon provides loans starting from ₦2,500, making it suitable for urgent personal needs, while also offering higher limits of up to ₦1,000,000 for eligible borrowers. Repayment terms range from 61 days to 12 months, giving users the flexibility to choose a plan that matches their financial situation. Carbon’s application process is fully digital, requiring only basic details such as BVN and bank account information, with most loans disbursed within minutes.
As a trusted name in the nano loan in Nigeria market, Carbon differentiates itself by combining credit access with additional services like bill payments, savings, and investment options—all within the same app. Interest rates vary monthly, depending on borrower risk profiles. With strong regulatory compliance and a reputation for transparent lending, Carbon remains a top choice for Nigerians who want more than just a loan app.
Check out Carbon here or Try Carbon today to experience one of Nigeria’s most versatile nano loan platforms.
4. Palmcredit
- Downloads: 10M+
- Loans: ₦10,000–₦300,000 (nano range)
- Interest rate: See here
Palmcredit has earned its place as a household name in the nano loan in Nigeria space, giving millions of Nigerians access to instant loans without collateral. With more than 5 million downloads on the Google Play Store, Palmcredit offers flexible loan amounts ranging from ₦2,000 up to ₦300,000, making it ideal for both small urgent expenses and slightly larger financial needs. The application process is fast and straightforward—requiring just a smartphone, BVN, and basic details—with most loans disbursed within minutes after approval.
As one of the most widely used loan apps in Nigeria, Palmcredit continues to stand out in the nano loan in Nigeria market for its speed, convenience, and broad accessibility. Interest rates vary monthly, depending on the borrower’s credit history and repayment behavior. With a fully digital platform and a reputation for quick service, Palmcredit remains a go-to choice for Nigerians looking for stress-free microloans.
Check out Palmcredit here or Try Palmcredit today to explore how easily you can access fast and secure nano loans in Nigeria.
5. Okash
- Downloads: 10M+
- Loans: ₦3,000–₦1,000,000
- Interest: See here
Okash is a leading mobile lending platform that has become a trusted provider of nano loan in Nigeria, serving millions of users with fast and convenient credit access. With over 5 million downloads on the Google Play Store, Okash offers loan amounts starting from ₦3,000 and going up to ₦500,000 for eligible borrowers. The app is designed for speed and simplicity, requiring only a BVN, phone number, and bank account details to complete registration. Loan approvals are typically processed within minutes, with disbursement directly to the user’s account, making it ideal for emergencies and everyday financial needs.
As a prominent name in the nano loan in Nigeria market, Okash is known for its transparent lending practices and flexible repayment periods ranging from 91 days to 365 days. Interest rates vary monthly, depending on the borrower’s credit score and repayment history. With its seamless user experience, reliable disbursement, and regulatory compliance, Okash continues to be a top choice for Nigerians seeking quick and accessible microloans.
Check out Okash here or Try Okash today to see how you can access instant nano loans with ease.
6. Aella
- Loans: up to ₦1,000,000
- Interest: 5–10% monthly
- Repayment: 91–365 days
Aella Credit is a trusted digital lending platform that has solidified its place as one of the leading providers of nano loan in Nigeria. Designed to give individuals and businesses instant access to credit, Aella offers loan amounts starting from ₦2,000 up to ₦1,000,000, depending on the borrower’s creditworthiness. The app is easy to use and requires minimal documentation — typically just a BVN, phone number, and bank account details. With approval times often under five minutes, Aella has become a go-to choice for Nigerians who need urgent financial support.
As part of its mission to promote financial inclusion, Aella Credit also integrates additional features such as bill payments, health insurance access, and investment options, making it more than just a lending app. Its flexible repayment terms, ranging from 30 to 90 days, give borrowers enough breathing room to manage their finances responsibly. For anyone looking for a reliable nano loan in Nigeria, Aella Credit provides a secure and user-friendly platform.
Check out Aella Credit here or Try Aella today to start accessing quick and flexible nano loans.
7. EaseMoni (EasiMoni)
- Downloads: 5M+
- Loans: ₦3,000–₦2,000,000
- Interest: 5–10% monthly
EasiMoni has quickly become one of the most popular platforms for accessing a nano loan in Nigeria, thanks to its instant disbursement and user-friendly mobile app. With EasiMoni, borrowers can access loan amounts ranging from ₦3,000 to ₦1,000,000, depending on their credit profile and repayment history. The app is available on Android devices and requires only basic details such as BVN, phone number, and a linked bank account. Loan approvals are automated and can be processed within minutes, making it a reliable option for Nigerians in urgent need of cash.
Beyond speed, EasiMoni is recognized for its flexible repayment terms, which typically range from 91 to 365 days, giving borrowers enough time to settle their loans responsibly. Interest rates vary based on creditworthiness, but EasiMoni remains competitive among digital lenders in Nigeria. Whether for emergency expenses, business needs, or personal use, EasiMoni offers a simple and secure way to access credit instantly.
Check out EasiMoni here or Try EasiMoni today to experience fast and convenient nano loan
8. WeCredit
- Downloads: 5M+
- Loans: ₦10,000–₦300,000
- Interest: ~4% monthly
WeCredit is another fast-growing digital lending platform making waves in the nano loan in Nigeria space. The app is designed to provide users with instant access to small, short-term loans ranging from ₦5,000 up to ₦200,000, depending on creditworthiness. Registration is simple, requiring only a BVN, phone number, and bank account, with approval decisions often made within minutes. Funds are disbursed directly to the borrower’s account, making WeCredit a convenient solution for emergencies and everyday financial needs.
What sets WeCredit apart is its straightforward loan process, flexible repayment terms of 14 to 60 days, and transparent fees. Its user-friendly mobile interface ensures that both first-time borrowers and repeat customers can access credit without stress. As more Nigerians embrace digital finance, WeCredit continues to stand out as a reliable provider of quick and secure loans.
Check out WeCredit here or Try WeCredit today to access fast nano loans with ease.
9. CashX (CashXpress)
- Launched March 2024
- Loans: ₦3,000–₦300,000
- Monthly interest: 2–4% (24–48% APR)
CashX is emerging as a fast and accessible provider of nano loan in Nigeria, offering quick, collateral-free credit through its intuitive mobile app. Borrowers can apply for amounts ranging from ₦3,000 to ₦300,000, making it suitable for urgent, small-scale financial needs. The platform promises a swift approval process—often under 5 minutes—and transparent interest rates of 2% to 4% per month, equating to approximately 24% to 48% APR—details clearly outlined before borrowers accept the loan terms .
What makes CashX stand out in the nano loan in Nigeria market is its convenience, transparency, and reliability. The app is accessible 24/7, requires only your phone number, BVN, and basic personal information, and no collateral—a winning combination for urgent credit access . As a legally licensed platform under CashXpress Nigeria Limited (approved by the FCCPC), it brings peace of mind to borrowers concerned with legitimacy and fairness .
Check out CashX here or Try CashX today to experience fast, transparent, and hassle-free nano loans in Nigeria.
10. SecuCash
- Launched 2025
- Loans: ₦1,000–₦100,000
- Interest: ~1.58% monthly (very low APR)
SecuCash is an innovative provider of nano loan in Nigeria, having launched in 2025 and quickly gained traction with its user-friendly Android app. It offers unsecured loans ranging from ₦1,000 to ₦100,000, with flexible repayment terms between 91 and 180 days. What sets it apart is its remarkably low annual percentage rate—up to 19% per annum (≈ 1.58% monthly)—making it one of the most affordable options in the nano loan space. The app also integrates digital wallet features, enabling free money transfers, bill payments, and account numbers for receiving funds .
Regulated by the FCCPC and quickly accumulating over 500,000 downloads with a strong 4.6-star rating, SecuCash combines convenience with credibility in Nigeria’s nano-loan market . The application process is fully digital and transparent—after a quick registration, users can apply and receive funds within minutes, with fees clearly displayed and no hidden charges . For borrowers seeking cost-effective microloans with added financial tools, SecuCash stands out as a versatile and trustworthy option.
Check out SecuCash here or Try SecuCash today to access one of Nigeria’s most affordable and seamless nano loan platforms.
Quick Updated Overview Table
| Rank | Loan App | Loan Range (₦) | Interest (Monthly / APR) | Downloads / Notes |
|---|---|---|---|---|
| 1 | Branch | 2,000 – 1,000,000 | 17–40% monthly | 10M+ downloads |
| 2 | FairMoney | 1,500 – 3,000,000 | 2.5–30% monthly | 10M+ |
| 3 | Carbon | 2,500 – 1,000,000 | 4.5–30% monthly | 5M+ |
| 4 | Palmcredit | 10,000 – 300,000 | APR 24–56% | 10M+ |
| 5 | Okash | 3,000 – 1,000,000 | APR 36.5–360% | 10M+ |
| 6 | QuickCheck | up to 1,000,000 | 5–10% monthly | Popular quick loans |
| 7 | EaseMoni | 3,000 – 2,000,000 | 5–10% monthly | 5M+ downloads |
| 8 | Newcredit | 10,000 – 300,000 | ~4% monthly | AI-driven credit |
| 9 | CashX | 3,000 – 300,000 | 2–4% monthly (24–48% APR) | New (2024) |
| 10 | SecuCash | 1,000 – 100,000 | ~1.58% monthly (lowest) | Launched 2025 |
Emerging low-cost options like SecuCash and CashX are particularly valuable for borrowers seeking affordable nano loans in Nigeria.
High-volume trusted platforms such as Branch, FairMoney, Palmcredit, and Carbon still dominate due to their reach and approval ease.
Regulatory oversight is increasing, with more apps being CBN or FCCPC-approved, boosting borrower confidence.
Conclusion
By 2025, nano loans in Nigeria remain widely accessible, with fintech innovation driving better rates, faster processing, and improved compliance. If you’re writing about nano loan in Nigeria, emphasize:
- Apps with micro-loan capabilities and low interest—SecuCash, CashX
- Trusted, high-download options—Branch, FairMoney
- Regulatory credentials and digital security
- Broader fintech trends like PalmPay’s surge and CREDICORP’s interventions
FAQs
What is a nano loan in Nigeria?
A small, short-term loan (₦1,000–₦100,000) designed to provide quick cash, usually without collateral.
In finance we often see loan categories by size, and “nano loan” is just one of them. Here’s how they generally compare in Nigeria and globally:
1. Nano Loans
- Very small loans, usually ₦1,000 – ₦100,000.
- Short repayment period (14–90 days, sometimes up to 6 months).
- Mainly offered via loan apps and fintechs.
- Used for emergencies, airtime, data, small bills, transport, or petty trading capital.
2. Micro Loans
- Slightly larger than nano loans, ₦50,000 – ₦1,000,000 (depending on lender).
- Repayment periods: 3 – 12 months.
- Offered by microfinance banks, cooperatives, and fintechs.
- Targeted at small businesses, market women, and low-income earners.
Example: TraderMoni or SME loans from microfinance institutions.
3. Macro Loans (or “Conventional/Commercial Loans”)
- Large loans above ₦1,000,000, going into tens or hundreds of millions.
- Repayment periods: 1 year to 10+ years.
- Offered by commercial banks and development finance institutions.
- Typically require collateral, business registration, and strong credit history.
- Used for business expansion, mortgages, agriculture, infrastructure projects.
So yes, we can think of loans in Nigeria as a ladder:
Nano → Micro → Macro, depending on loan size, repayment duration, and target users.
Which loan apps in Nigeria currently offer nano loans?
Apps like Branch, FairMoney, Carbon, Palmcredit, Okash, Aella, EasiMoni, WeCredit, CashX, and SecuCash.
How much can I borrow with a nano loan in Nigeria?
Most lenders offer between ₦1,000 and ₦100,000 for first-time users, with higher limits for repeat borrowers.
Do I need collateral to get a nano loan?
No, nano loans are unsecured, but you’ll need a BVN, bank account, and valid ID.
What is the repayment period for nano loans?
Repayment usually ranges from 14 days to 90 days, though some apps extend up to 180 or 365 days.
What are the interest rates for nano loans in Nigeria?
They vary between 2%–30% monthly, depending on the lender, loan amount, and borrower’s credit profile.
How fast will I get the money after applying?
Most nano loan apps disburse funds within minutes if your application is approved.
Can I get a nano loan without a BVN in Nigeria?
No, most licensed lenders require BVN for identity verification and fraud prevention.
What happens if I don’t repay my nano loan on time?
You may face penalties such as higher interest, late fees, negative credit reports, and possible restrictions from borrowing again.
Are all nano loan apps in Nigeria safe and legit?
You can’t say all, many are legit and some are unlicensed or predatory. Always check the FCCPC-approved loan app list before borrowing.
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