Which Loan Apps in Nigeria Offer Up to ₦800,000?

Getting a loan in Nigeria is easier now. Many loan apps offer quick cash. Some give up to ₦800,000. If you need that much, you are in the right place. I will show you the best loan apps that can give you up to ₦800,000. No fluff. Just straight facts.

Which Loan Apps in Nigeria Offer Up to ₦800,000?

Not all loan apps offer that much. But, a few reliable ones do. Let’s dive in.

1. Carbon (Formerly Paylater)

Carbon is popular. Fast loans, no paperwork. You can get up to ₦1 million. No hidden fees. No collateral.

Features:

  • Loan amount: ₦15,000 to ₦1,000,000.
  • Interest rate: 5% to 30% monthly.
  • Repayment: 1 to 12 months.
  • Instant disbursement.

You need a good credit score. The app reviews your bank statement. You can apply anytime. Money goes straight to your account.

2. FairMoney

FairMoney is quick. No stress. You can get up to ₦1 million. It’s one of the best options.

Features:

  • Loan amount: ₦15,000 to ₦1,000,000.
  • Interest rate: 2.5% to 30% monthly.
  • Repayment: 2 to 18 months.
  • Fast approval.

They check your BVN. If you qualify, you get your loan in minutes. Pay on time. You get higher amounts next time.

3. Branch

Branch is trusted. You can borrow up to ₦500,000. No collateral. No paperwork.

Features:

  • Loan amount: ₦1,000 to ₦500,000.
  • Interest rate: 1.5% to 20% monthly.
  • Repayment: 1 to 12 months.
  • No hidden charges.

It works 24/7. Easy application. If you repay on time, your limit increases.

4. PalmCredit

PalmCredit is reliable. You can get up to ₦500,000. Quick process.

Features:

  • Loan amount: ₦10,000 to ₦500,000.
  • Interest rate: 4% to 24% monthly.
  • Repayment: 1 to 6 months.
  • Instant approval.

They check your details. If approved, you get the money fast. Good credit means better offers.

5. Renmoney

Renmoney is a licensed microfinance bank. They offer up to ₦2,000,000. No collateral.

Features:

  • Loan amount: ₦50,000 to ₦2,000,000.
  • Interest rate: 2.8% to 3.5% monthly.
  • Repayment: 3 to 24 months.
  • Fast processing.

You must have a bank account. Valid ID is required. If approved, the money comes in 24 hours.

6. Aella Credit

Aella Credit is fast and simple. They offer loans up to ₥1,000,000.

Features:

  • Loan amount: ₥10,000 to ₥1,000,000.
  • Interest rate: 6% to 20% monthly.
  • Repayment: 1 to 12 months.
  • No collateral.

Good for salary earners. Approval is fast. Pay on time. Your limit increases.

7. Kiakia

Kiakia is unique. They offer loans to individuals and businesses. You can get up to ₦2,000,000.

Features:

  • Loan amount: ₦50,000 to ₦2,000,000.
  • Interest rate: 5.6% to 24% monthly.
  • Repayment: 1 to 18 months.
  • Fast disbursement.

They check your credit score. Businesses can also apply. Quick approval if you meet the requirements.

What You Need to Get a Loan Up to ₦800,000

Getting large loans requires preparation. Here’s what most apps need:

  • Valid Bank Verification Number (BVN).
  • Proof of income (bank statement).
  • A working bank account.
  • National ID, driver’s license, or passport.

Make sure your details are correct. Accurate information speeds up approval.

How to Improve Loan Approval Chances

Want better chances? Follow these tips:

  1. Maintain a good credit score.
  2. Pay previous loans on time.
  3. Use the same phone number linked to your BVN.
  4. Avoid multiple loan applications at once.

FAQs

1. Which Loan App in Nigeria Gives the Highest Amount?

Renmoney and Kiakia offer the highest. You can get up to ₦2,000,000.

2. Can I Get ₦800,000 Without Collateral?

Yes. Apps like Carbon, FairMoney, and Aella Credit offer up to ₦800,000 without collateral.

3. How Fast Can I Get ₦800,000?

Approval can be within minutes. Apps like FairMoney and Carbon are the fastest.

4. Do I Need a Salary to Qualify?

Not always. Some apps like Branch and PalmCredit check your transaction history instead.

5. Is It Safe to Use Loan Apps in Nigeria?

Yes, if you use trusted ones like Carbon, FairMoney, or Renmoney. Always read the terms.

6. Can I Extend My Loan Repayment?

Some apps offer extensions. Check their policies or contact support.

7. What Happens If I Miss Payments?

You get penalties. It affects your credit score. Always repay on time.

8. Which Loan App Requires the Least Documents?

Branch and PalmCredit need minimal paperwork. Just your BVN and bank account.

9. Can Businesses Apply for Loans?

Yes. Apps like Kiakia offer business loans. They require more details, but approval is fast.

10. Are There Hidden Charges?

Most reliable apps have no hidden charges. Always read the fine print before accepting.