Where can I borrow a loan of 100k in Nigeria

Where can I borrow a loan of 100k in Nigeria.

Are you looking for an app where you can borrow more than N100,000 in Nigeria?

Check also some legit business that can earn you some cool cash

There are more than one hundred loan apps currently helping people with financial support. Most of these loan apps can only give you a maximum of fifty thousand while some can be around thirty.

If you’re a rich business man or you need a huge amount of money like 100K for an urgent issue, you will find it difficult to raise that amount of money from those apps.

There are some loan apps in Nigeria that give people more than 100K with a low interest rate.

Here I will be providing you with the tested and trusted loan app in Nigeria that gives a loan of N100,000 and above instantly with little interest rate.

In this article, you will get the answers to these questions;

How can I get a 100k loan?

How can I borrow 100k online?

How can I get CBN loan in Nigeria?

How can I get fast loan in Nigeria?


Where can I borrow N100,000 in Nigeria?

Here is the list of the loan apps that give 100,000 instantly,  you can borrow more than100k in Nigeria with this loan apps below.

1. Alat

2. carbon

3. Palm credit

4.  kudabank

5 Aella’s credit

6new credit

7. 9credit

8t. 9ja money

9. Sokoloan

10. Easy  money

There are the best loan apps in Nigeria today that can give you an instant loan of 100k without collateral. They will credit you even on your day off registration. It provides small-scale loans for customers who need them. However, for a while, people who needed loans above $100, 000 found it difficult, as many apps do not offer up to that amount. If you are one, this article puts your search to an end as it discusses these loan apps that can give more than 100k in Nigeria, their requirements, and interest rate.

  • Alat loan application

This Alat loan app is Nigeria’s first-ever fully digital bank and is the first on this list of best loan apps in Nigeria. Alat loan app is the best loan app in Nigeria.

ALAT does not require a visit to a physical location.

All you have to do is to download the Alat Loan app in the play store, sign up and click on the menu. There you will see the loan option. They will ask you a few questions.


After you have completed all the necessary documentation, an evaluation of your risk store will be conducted and a range of loan offers will be presented to you along with the applicable duration and interest rate. There you will see the loan amount options,


Just click on your preferred loan offer, accept it, and your account will be credited. With this platform, you can borrow as much as 2 million naira without collateral, even on your first day of transacting with them.


ALAT loan also offers a range of services such as the Device-lending offer and the Goal-based loan, which allows you to receive a loan towards a specific goal or towards getting your preferred device or gadget.

The Alat loan app is still the best loan app in Nigeria for borrowing money because you can borrow up to N2 million in your first month and pay it back over the course of 24 months at a low interest rate of 2%.

  • Carbon (formerly Paylater):

Carbon is another rapid loan service available to you through your mobile phone. This simple lending platform gives you access to loans within minutes. It provides short-term loans that help you cover immediate expenses and emergencies. You can request and receive a loan through Carbon effortlessly without any documentation.


Carbon can provide you with a loan of approximately 29 million that you must repay within 10 months at an interest rate ranging from 5 to 15%.


All that is required is your bank verification number (BVN) to ascertain loan credit.


Carbon is one of the best loan apps where you can borrow 100k in Nigeria without collateral.



  • Aella credit:


This app makes it easier for individuals looking for quick cash to gain access easily. It focuses on employees with a stable income and is affiliated with different credit bureaus in Nigeria. This app makes use of an algorithm to determine your creditworthiness before approving loans.


You can just search for the Aella loan app in the play store and install it. Aella follows the same procedure with carbon.


  • Kuda bank (Kuda free bank)


Kuda bank is the trending loan app currently in Nigeria as you can easily receive money from them without much delay.


All you need to do is just open your play store and search for Kuda Bank or Free Bank of Kuda, install the app and complete the registration process.


They will request for your bank verification number, which after entering it, you’re not ready to borrow money from them.





  • 9ja cash


9ja Cash is an application that is not well known. It’s not too popular in Nigeria because they are still new in the business. 9ja Cash works absolutely well. They allow you to borrow up to a whopping N300,000 for a tenor of 180 days.


However, their interest rate is the only issue they have, as they don’t have a standard interest rate. It could be quite exorbitant as it spans between 1% and 34%.


Before borrowing money from any of the listed loan apps,


Before deciding on which one to use, make a thorough and informed decision. Make use of a loan comparison platform that allows you to weigh the pros and cons of the different app offers within minutes. This ensures that, as much as possible, you’re only going for the offer that works best for you without entering into the hands of a savvy or hungry company with a high interest rate.


How can I borrow 100k in Nigeria?

The procedure is too simple, and it’s applicable to each of those loan apps that can give more than a hundred thousand.

First, you have to install the loan app and open an account with them. Most of these apps request your BVN number, as that’s the major means by which they can get to know a real customer. Put your BVN number in the area provided and check the interest rate before borrowing any loan from those apps.

best loan app you can borrow money without bvn.

here is the best loan app you can borrow any amount even 100k without BVN.

  1.  FairMoney Loan App
  2. JumiaOne Loan App
  3. OKash by Opay Loan App
  4. Aella Credit Loan App ·
  5. Eyowo Loan app.


worst loan app to avoid when borrowing online.

How to identify bad lenders (bad loan apps)

Being bad doesn’t mean that you can’t get a loan from them, but how they operate is the real issue and if you care about your respect and peace of mind, then avoid them. Below are the signs of a bad loan

Higher interest rate

Shorter loan duration like (7-14 days)

Bad lenders will create a service fee and interest differently

They treat their customers like trash

They send out abusive messages to all your contacts when you default, even for a few hours.

Can start a fight even before the loan expires

They charge for card verification before approving a loan

Some don’t offer a loan but refer you to other apps and charge for services fees


here’s is the list of loan app you shouldn’t borrow from.


  1. Sokoloan
  2. 9Credit
  3. NairaPlus
  4. Go cash loan app
  5. 9jaCash
  6. LionCash


Nigerians are now realizing the need to borrow money from loan apps to start a business or solve an urgent issue.


This is the top ten loan app in Nigeria where you can instantly borrow more than a hundred thousand without collateral. Just your Bvn and account number

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