Getting a loan in Nigeria has become easier with the rise of digital lending platforms. However, not all loan apps operate legally. To protect Nigerians from fraud and exploitation, the Central Bank of Nigeria (CBN) approves and regulates certain loan apps. Using a CBN-approved loan app ensures security, fair interest rates, and consumer protection.
In this article, we will provide the list of loan apps approved by CBN and FCCPC , explain the benefits of using them, and show you how to verify if a loan app is legitimate.
What Are Loan Apps Approved by CBN?
CBN-approved loan apps are digital lending platforms that have been officially registered and licensed by the Central Bank of Nigeria. These loan apps comply with financial regulations, ensuring that borrowers get fair loan terms and protection from unethical lending practices.
The CBN, through the Federal Competition and Consumer Protection Commission (FCCPC), has regularly updated its list of approved loan apps to remove illegal operators. The FCCPC ensures that loan apps operate legally, follow fair lending practices, and do not engage in harassment or data privacy violations. If you want to borrow money, use only loan apps approved by CBN to avoid scams, hidden charges, and data privacy violations.
List of Loan Apps Approved by CBN
The Central Bank of Nigeria (CBN) has approved several loan apps to ensure safe and regulated digital lending in the country; here is the list of loan apps approved by CBN that are safe and legal to use:
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Name of Company
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Name of App(s) Approved by CBN
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Remark
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|---|---|---|
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Creditclan Tech Limited
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Clan App
|
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Acetech Finance Limited
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Kashout, Flashcredit, Flashalart, Swiftcredit, Rapidloans, Acecredit, Aceloan, Rapidalart Apps
|
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Nextpayday Limit
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Nextpayday App
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Kobogo Nigeria Limited
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Kobogo App
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Grola Tech Credit Limited
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Lioncash, Lairaplus, Lcash, Cashlion Apps, Truenaira App, Caycredit App, Nairaplus App, Crancash App
|
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Paylater Hub Limited
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Paylater App
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Pennee Technologies Ltd
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Pennee App
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Altracred Finance Investment Limited
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Vkash Apps, Swiftkash
|
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Menacred Company Limited
|
Menacred App
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Csense Limited
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Csense App
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Flowood Lending Limited
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Cashrun, Mintcredit, Creditnow Apps
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Trivista Capital Limited
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Trivista App
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Instawave Internet Technology
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Vibecredit App
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Umba Digital Solutions Limited
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Umba Mobile App, Umba Web
|
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Sycamore Integrated Solutions Limited
|
Sycamore App
|
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Pivo Technology Limited
|
Pivo App
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Provest Limited
|
Provest App
|
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Allawee Technologies Limited
|
Allawee App
|
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Dot Microfinance Bank Limited
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Dotbank App
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Maven Finance Limited
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Floatr App
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Oxymon Solutions Limited
|
Oxymon App
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Creditville Microfinance Bank Limited
|
Creditville App
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Neo-Link Technology Company Limited
|
Newlending App
|
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P2Vest Technology Limited
|
P2Vest App
|
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Yescredit Company Limited
|
Yescredit App
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Lantana Tech Limited
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Crimson App
|
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Hollandale Nigeria Limited
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Tiger Credit, Kkcash, Zcash, Easykash App
|
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Primera Microfinance Bank
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Koins by Primera App
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Fineset Limited
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Go Loan App
|
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Kiredi Rock Company Ltd
|
Nairabox App
|
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Pocketfuel Finance Limited
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Pocketfuel App
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Berly Spring Global
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Iustus, Snappy Credit Apps
|
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Creditech Technology Limited
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Tap Cash, Credit Pocket, C Loan App, Credible Loan App
|
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Omalend Service Limited
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Omafin App
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Princeps Credit System Limited
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Credit Wallet App
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Bestfin Nigeria Limited
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Icredit App
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Fubri Century Company Limited
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Hifund App
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Blackcopper Service Limited
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Blackcopper App
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Doja Lemaire Global Limited
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Swifund App
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Citygate Global Investment Limited
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Monee App
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Paydayhub Online Nigeria Limited
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Payday Loan App
|
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Swipebill Technologies Nigeria Limited
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Float -Cash App
|
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Fair Money Microfinance Bank
|
Fairmoney App
|
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Lighting Finance Technology Nigeria Limited
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Okilocash, Lumosloan Apps
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Windville Financials Nigeria Limited
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Procash, Qcash, My Cash, Hcash Apps
|
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Liberty Assured Limited
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Libertycred App
|
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Renmoney Microfinance Bank
|
Renmoney Instant Cash Loan
|
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Mim Finance Company
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Money in Minutes App
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Ugt Technologies Limited
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Urgent10k App
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Passeco Technology Nigeria Limited
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E4moni App
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Moblaspay Company Limited
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Nowcredit App, Ponycash App, Wayacredit App, Correctloan App, Palmcredit Plus App
|
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Applink Capital Nigeria Limited
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Hikash, Papkash, Newcash, Alikash, Dohcash, Yohcash Apps
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Tajow Investment Limited
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Topcredit.com.ng
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Afrowide Development Limited
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Imoney App
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Ibs Golden Investment Company Limited
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Creditinn.com.ng
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Glosh Tech Limited
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Halowallet App
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Fezotech Nigeria Limited
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Creditwise, Kashcash Apps, Gomoni App, Truemoney App, Surecredit App
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Blue Ridge Microfinance Bank Limited
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Okash Easemoni Apps
|
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Afrofirst Mobile and Technology Company Limited
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Creditgo App, Easy Money Loan App
|
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Ta Prime Limited
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Tractionapp App
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Raceova Nigeria Limited
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Cashbus App
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Papichou Technology Limited
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Easyfund App, Royalcredit App, Nicecredit App, Ik Credit App, Warm Lending App
|
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Skitlone Nigeria Limited
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Twaleloan App
|
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Rubystar Global Limited
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Loannaira, Ajeloan Apps, Boost Lending, Aje Homes
|
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Penaid Limited
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Penaid.ng
|
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Giasun Technology Nigeria Limited
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Tloan App, Nicenaira App, Tcredit App, Palmcash App, Easemoney App, Greencredit App
|
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Mino Sparks Limited
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Wekash App
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Muska Tech Limited
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Nairago App
|
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Shara Technology Management Nigeria Limited
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Shara App
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Dash Innovation Business Links West Africa Limited
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Instantcred App
|
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Uni Technology Nigeria Limited
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Hcwallet, Prime Pay Apps
|
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Aella Financial Solutions Limited
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Aella App
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Trafalgar Association Limited
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Kwikpay Credit App
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Kiowope Capital Ltd
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Kiowope App
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Rockit Lenders Nig. Ltd
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Rockit App, Flexi Cash App
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Prosperity Archipelago Ltd
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Gocash App
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Veendhq Limited
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Veend App
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Highcredit Nigeria Limited
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Rushcredit App
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Fintcred Innovations Limited
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Creditfast App
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Afrosay Fintech Limited
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Getcredit App
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Trust Cen. Limited
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Pocash App
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Cash Advance Limited
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Cashadvance App
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Lendvisery Services Limited
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Lendquick App
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Maywood Lending Limited
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Top Credit App, Hi Credit App, Best Cash App
|
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Irorun Technologies Limited
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Irorun Mobile App, Irorun Web
|
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Carbon Microfinance Bank Limited
|
Carbon App
|
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Paycredit Limited
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Paycredit App
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Micro-Cash Nig. Limited
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Micromoney App
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Dover Credit Limited
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Docredit, Care Finance App
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Ragekay Global Investment Limited
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Oyescredit App
|
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Arve Limited
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Quickcheck App
|
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Ucplus Advance Limited
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Uc Salary Loan, Kashnow Apps
|
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Zuvy Technologies Limited
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Zuvy.co
|
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Topmost Fintech Limited
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Okilo Loan App, Flame Loan App
|
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Bimzu Limited
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Bimzukash App
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Rexcredit Limited
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Rexafrica App
|
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Trustrock Fintech Nig Ltd
|
Nairamax App, Getnaira App
|
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Renmoney Lending Company Limited
|
Renmoney Instant Cash Loan
|
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Fox Lending Limited
|
Loanmate App
|
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Nature Lending Nigeria Limited
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Futurecash App
|
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Fulcrum Sigma Enterprise Ltd
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Fulcrummoney App, Sigmamoney Loan App, Tokcash Loan App
|
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Xtra Mfs Nigeria Limited
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Extra Cash App, Quickteller App
|
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Leeburg Technology Limited
|
Edonenter App, Credit-Moi App
|
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Summit Finance Limited
|
Lendwise App, Naijaease App, 9jiacashpool App
|
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Econ Credit Fintech Limited
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Econ Mart App, Hubcash App, Near Money App
|
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Flickwheel Limited
|
Flickwheel App
|
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The Dataseed Company Limited
|
Seedfi App
|
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Kiya Bits Limited
|
Kiakia P2P App, Kiya App
|
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Rexen Fintech Limited
|
Superwallet App, Gosling App, Spendmoney App, Fortune Treasure App, Gold Source App
|
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Blackstone Capital Limited
|
Kliksave App
|
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Care Credit Limited
|
Care Credit App
|
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Slash Finances Limited
|
www.slashfinances.com
|
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Silkroad Finance Limited
|
Rocketlend-Fastmoney App, Silkloan-Quickcash Loan App
|
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Cwh Success Nigeria Limited
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Cashop App
|
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De Fintek Nigeria Investment Limited
|
Instant Loan App, Flash Silver App, Credit Cube App, Goose Wallet, Urgent Money App
|
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Savings Box Global Impact Limited
|
Savingsbox App
|
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Fewchore Finance Company Limited
|
Fewchore Pay App
|
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Stash Fintech Limited
|
Stash App
|
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Busiyard Limited
|
Busiyard Credit App
|
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Naijasync Company Limited
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Ola Credit App, Jara Cash App, Opp Cash App, Cheddar App
|
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Newrgy Lending Limited
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Sapa Jump App, Sharp Collect App, Togain App, Stream Sapa App
|
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Indie Finance Company Limited
|
Yanzu Afrika App
|
|
|
One Payout Limited
|
Yanzu Kredit App
|
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Eric Vsta Ltd
|
Linkcredit, Moniepot, Urkash, Kashon, Powerkash
|
|
|
Futurecrest Internet Technology Ltd
|
Ease Cash App
|
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Instawave Internet Technology Ltd
|
Secucash App
|
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Zemek Nigeria Limited
|
Zemcash App, Wakacash App
|
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|
Blazeloan Limited
|
Blazeloan-Online Credit Loan App, Flashcredit-Quick Money App
|
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|
Aibanc Technologies Limited
|
Aibanc Mobile App
|
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Coolbuck Limited
|
www.coolbucksng.com
|
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Hizo Technology Limited
|
Hizo.africa
|
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Pitch Capital Limited
|
Pitch Credit App, Paypoint App
|
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Zelia Services Limited
|
Zelia App
|
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Minioma Investment Limited
|
Minioma App, Snowpay App
|
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Elephant Globe Limited
|
Elephant App
|
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Little Ant Limited
|
Alend App
|
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Firmus Retail Services Limited
|
Firmus Monie App
|
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Elitefin Nigeria Limited
|
Creditease App, Nairaboost App
|
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Prosperity Lending Limited
|
Loannow App, Rapidlend App, Ikashpro App, Easylend App
|
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Smartloans Integrated Services Limited
|
Hover Loan App, Korrect Kash App, Lend Safe App, Lend Joint App, Distro Kash App
|
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Linth Integrated Services Ltd
|
Phastmoney App
|
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Inchoi Technology Nigeria Limited
|
Fastcash App, Mcash App
|
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Klump Technology Company Limited
|
Klump App
|
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Sharp Credit Limited
|
www.sharpcrediting.com
|
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Wakanda Credit Limited
|
Creditjet-Safe & Fast Loan App, Tifi Slice-Fast Cash Loan App
|
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Kenda Lending Limited
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Century App, Rocket Loan App
|
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Jalisco Lending Limited
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Cashwise Loan App
|
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Ripley Nigeria Limited
|
Money Tap App, Vibecash App
|
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Cashigo International Limited
|
Lcredit
|
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Entourage Integrated Trust Limited
|
www.entourageloans.com
|
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Direct Bridge Nigeria Limited
|
www.directbridgeng.com
|
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Quick Credit Nigeria Limited
|
Quick Credit App
|
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Grit-Tech Limited
|
Grit-Tech Loan App
|
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Edgeplus Capital Limited
|
Factorwise App, Rentmata App
|
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Cashxpress Nigeria Limited
|
Cashx App
|
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Lqty Nigeria Limited
|
www.oneliquidity.com
|
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Gap Credit Limited
|
Gap-Gap Finance for Individual App, Gap Business-Gap Business for Business Enthusiasts App
|
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Blueone Nigeria Limited
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Omnikash App, Rapidnaira App
|
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Blazeloan Limited
|
Ninecash-Quick Money App, Money 99-Safe & Fast Cash App, iiimoney-Fast Cash Loan App
|
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Digital Cheetah Limited
|
www.loanproni.com , Top Credit App, Hi Credit App, Best Cash App
|
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Sunny Cyber Technology Nigeria Limited
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Sunnycredit App, Credit Plus App
|
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Blazeloan Limited
|
Blazeloan App, Flashcredit App
|
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Sixth Penguin Limited
|
Sixth Penguin Loan App
|
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Gbowy Capital and Investment Services Limited
|
||
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Floodlights Technology Limited
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Smartnaira App, Primecash App
|
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Bridgenext Innovations Limited
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Loanstar App, Quickash App
|
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Coreinnovation Digital Solution Limited
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Quickmoni App, Trustkash App, Nicenaira Plus App
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Loanbook Limited
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Lb Credit App, Lb Cash App
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Nolt Finance Company Limited
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Nolt App
|
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Seespring Limited
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Kulu App, Fegsol App
|
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Finspa Investment Limited
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Finspa Mobile App
|
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Aventrafussion Nigeria Limited
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Zoomcash App, Trustloan App
|
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Wiam Nigeria Limited
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Lendswap App
|
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Castillo Credit Limited
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Happyloan App, Happycredit App, Instantloan App, Firstloan App, Firstcredit App
|
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Capitalwise Dynamic Pay C Limited
|
Capitalwise Payment Web App
|
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Antpay International Limited
|
Antpay App
|
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Plano Lending Limited
|
Egretcash App, Egretlend App, Okadanaira, Okadacash App, Okadaloan App
|
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Samued Tech Nigeria Limited
|
True Money App, Cash9ja App
|
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Minicloud Solution Limited
|
Nicekash App, Maxmoni App, Trustnaira App, Yesloan App, Boomcash App
|
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Credility Fin Services Limited
|
Cashgo App, Crednow App
|
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Doku Technology Limited
|
Dokucredit App, Egoeasy App, Quickego App, Luckyego App, Happyego App
|
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Credpay Fintech Limited
|
Moniloan App, Kashloan App
|
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Eco Pay Globe Limited
|
Ecopay App
|
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Ivy Cred Limited
|
Ivy Credit App
|
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Electronic Fox Limited
|
Naira Cup App, Creditbag App
|
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Eager Wing Nigeria Limited
|
Flash Loan App, Eager Loan App
|
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Betheone Lending Nigeria Limited
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Easynaira App, Onenaira App
|
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Lendocredit Investment Limited
|
Lendocredit Nano Lending App, Lendocredit Merchant Lending App
|
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Fuelcredit Com Limited
|
Fuelcredit App,
www.myfuelcredit.com |
|
|
Rhythmtech Financials Limited
|
Craft App, Money Solve App, Sweet Credit App, Quickacess Loan App, Guarantee Loan App
|
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Trusty Financial Technologies
|
Trusty App
|
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Credlock Nigeria Limited
|
www.credlock.com , Credlock Bussiness App, Credlock Pay App
|
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Maxblue International Limited
|
Beta Naira App
|
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Optima Nexus Finance Limited
|
Hawkleap-Credit Loan App, Lumocash-Instant Loan App, Afrocredit-Trusted Loans
|
|
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Quickcred Nigeria Limited
|
Quickcred Personal Loan App, Quickcred Salary Loan App, Quickcred Bnpl Loan App
|
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Credit365 Nigeria Limited
|
Cashx Instant Loans App, Credit 365 App, Lendplus App
|
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Ripples J&Mlj Investment Limited
|
Ripples Finance App
|
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Bcbl Fintech Limited
|
Moniemize App, Moniestream App
|
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Techecho Innovations Limited
|
Echoloan App, Swiftecho App
|
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Crestbeam Nigeria Limited
|
Finecredit App, Welend App
|
|
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Kero Global Lendas Limited
|
Kero Fast Cash App
|
|
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Econova Technology Limited
|
Lendify App, Leapcredit App, Hatchpay App
|
|
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Asoso Globa-Tech
|
Owocredit App, Ajomoni Apps
|
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Antsee Nigeria Limited
|
Starcash App
|
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Digitaldelight Integrated Support Service Ltd
|
Pure Cash App, Check Loan Apps
|
|
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Youcare Team Services Limited
|
Grand Naira App, Large Naira App
|
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Lendu Services Limited
|
Lendu App
|
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Myhives Development Foundation Ltd/Gte
|
Myhives App
|
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|
Nikdel Capital Limited
|
Nikdel Fast Cash App, Nikdel Loans App
|
|
|
Purple-Pearl Global Nig. Ltd
|
Purple-Pearl App
|
|
|
Sinofin Limited
|
Fincredit App, Finkash App
|
|
|
Pisi Technologies
|
Beta Finance App
|
|
|
Cowry Finance Company Limited
|
Cowry Wealth App, Cowry Bank App, Cowry Pay App
|
|
|
Mona Finance Ltd
|
Mona App, Mona Finance App
|
|
|
Newducks Nig Ltd
|
Appcredit App
|
|
|
Unique Jmk Limited
|
www.uniqueltd.com , Uniquejmk App
|
|
|
Pivotaliz Innovation Ltd
|
Sunbay Credit Loan App, X-Oravest Capital Loan App, Oklin Credit Loan App
|
|
|
Creditmax Lending Ltd
|
Creditmax App, Fillmore App
|
|
|
Finserve Investment Limited
|
Finserve App
|
|
|
Fleetwood Lending Limited
|
Kwikvault App, Surefund App, Loantech App, Creditflex App, Rapidfund App
|
|
|
Daneizo Trade Africa Limited
|
Daneizo Credit,
www.daneizotradeafrica.com |
|
|
Velasco Lending Limited
|
Kashflex App, Fastkash App, Kashkredit App
|
|
|
Waxdale Lending Limited
|
Nairapocket App, Naira Exp App, Picknaira App
|
|
|
Topeca Lending Limited
|
Flexivault App, Kashvault App, Nairavault App
|
|
|
Raiz Digital Services Limited
|
Raiz Ap
|
The above tables show the company and their loan apps that are fully approved by CBN. For more information on approved loan apps, visit the FCCPC official websites.
But let’s look at the most popular among them in the list of loan apps approved by CBN. Some of the most popular CBN-approved loan apps in Nigeria, based on their popularity, user base, and features, are:
1. FairMoney
FairMoney is one of the most widely used loan apps in Nigeria. It offers instant loans of up to ₦1,000,000 with flexible repayment plans. The app also provides banking services, including bill payments and a debit card.
2. Branch
Branch provides fast personal loans up to ₦500,000 with no collateral. The app uses AI to determine creditworthiness and offers competitive interest rates. It also provides investment and bill payment services.
3. Carbon (formerly Paylater)
Carbon offers loans up to ₦1,000,000, along with bill payments, savings, and investments. It provides instant loan disbursement and rewards users who repay on time with lower interest rates.
4. PalmCredit
PalmCredit is a quick loan app that offers instant loans of up to ₦300,000. It is known for its simple application process and flexible repayment options. The app allows users to apply for loans without collateral.
5. Renmoney
Renmoney provides both personal and business loans up to ₦6,000,000. It is a microfinance bank with a strong reputation for offering loans with flexible repayment terms and competitive interest rates.
6. P2Vest
P2Vest is a peer-to-peer lending platform that connects borrowers with investors. It provides affordable loans with flexible repayment options, making it popular among Nigerians looking for alternative loan sources.
7. Aella Credit
Aella Credit offers personal and business loans with competitive interest rates. It is known for its fast approval process and the ability to improve users’ credit scores over time.
8. Okash (Easemoni)
Okash, operated by Blue Ridge Microfinance Bank, offers quick and easy loans with low requirements. Users can get up to ₦500,000 in minutes, depending on their credit score.
9. QuickCheck
QuickCheck is an AI-powered loan app that provides fast loans with minimal documentation. It helps users build their credit scores by offering better loan terms as they repay on time.
10. Carbon
Carbon provides instant loans with a focus on financial inclusion. It offers features such as free transfers, bill payments, and a virtual debit card alongside its loan services.
Read more: Top 20 Loan App in Nigeria: Get Quick Loans Without Collateral
Why You Should Use Loan Apps Approved by CBN
Using a CBN-approved loan app comes with several advantages:
- Security and Privacy – Your personal and financial data are protected.
- Fair Interest Rates – CBN regulates loan interest rates to prevent exploitation.
- No Hidden Charges – Approved apps disclose all fees upfront.
- Consumer Protection – If you face issues, you can report the app to CBN or FCCPC.
Many unapproved loan apps engage in harassment, high-interest rates, and unauthorized data access. To stay safe, always use loan apps approved by CBN.
See Also: List of Fake Loan Apps in Nigeria 2025
How to Verify If a Loan App Is Approved by CBN
With the rise of digital lending platforms in Nigeria, it is essential to verify whether a loan app is approved by CBN before applying for a loan. Using an unapproved loan app can expose you to high-interest rates, hidden charges, and data privacy risks. Follow these steps to confirm if a loan app is legally registered and approved by the CBN and FCCPC:
1. Visit the FCCPC Website
Go to the Federal Competition and Consumer Protection Commission (FCCPC) official page for registered loan apps by clicking this link:
➡️ FCCPC Approved Loan Apps
2. Search for the Loan App
- Once on the page, locate the search Space provided.
- Type in the exact name of the loan app you want to verify.
- If the loan app appears on the list, it means it is approved by CBN and legally registered.
- If the loan app does not appear, it may be unlicensed or operating illegally.
3. Check for Additional Details
- Click on the loan app name (if available) to view more information, such as the company name, approval status, and terms of operation.
- Ensure the app is fully approved and not just under review.
How to Apply for a Loan Using a CBN-Approved App
Applying for a loan through a CBN-approved loan app is simple:
- Download the app from the official website or Google Play Store.
- Register and verify your identity using your BVN, phone number, and ID.
- Apply for a loan and provide necessary details such as income level and employment status.
- Receive funds if approved, usually within minutes or hours.
- Repay on time to maintain a good credit score and access higher loan amounts.
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FAQs
1. How can I confirm if a loan app is approved by CBN?
To confirm, visit the CBN or FCCPC websites for an updated list of approved loan apps. You can also check the loan app’s official website for licensing details.
2. What happens if I use an unapproved loan app?
Unapproved loan apps often have high-interest rates, hidden charges, and unethical debt collection practices. Some may also misuse your personal data. Using such apps puts you at financial and privacy risk.
3. Are CBN-approved loan apps safe?
Yes, CBN-approved loan apps follow strict security protocols to protect users’ information and ensure fair loan terms.
4. Do I need collateral to get a loan from a CBN-approved app?
No, most CBN-approved loan apps offer unsecured loans, meaning you don’t need collateral. Approval depends on your creditworthiness and income.
5. Can I get a loan from a CBN-approved app if I have a low credit score?
Some loan apps offer loans to people with low credit scores but may impose higher interest rates or smaller loan amounts. Repaying on time can help you build a better credit history.
6. What should I do if a loan app harasses me?
If a loan app engages in harassment, report it to the FCCPC or CBN Consumer Protection Department immediately.
Conclusion
Choosing the right loan app is essential for a safe and stress-free borrowing experience. Always use loan apps approved by CBN to avoid scams, high-interest rates, and data misuse. Before applying for a loan, verify the app’s legitimacy and ensure it meets your needs.
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No problem I will take care of it
Good morning my namname Paul chikezie Benson from abia state I have been with future cash since Saturday for my phone and have been their loan the money that I paid is for my business my whole entire for my business but now I don’t have anyone for my business my future cash app cannot be seen in play store what are we going to do and what am I going to do please help me
Hey Paul Chikezie Benson
Read more about Future Cash Loan App: Review, Alternative, Interest Rate, Login, is it Real or Fake?
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