Best Loan Apps for iPhone in Nigeria [10 List in 2023-2024]

Best Loan Apps for iPhone in Nigeria:

Contrary to popular belief in Nigeria, loan apps aren’t just for Android users; iPhone users can access instant loans right from their devices too! It’s just that not many people know about it.

The reason for this difference is pretty simple. Android is an open-source platform, which means any developer can tinker with it, leading to a ton of loan apps, some of which might not be legit. That is why we conducted research based on the list of fake loan apps in Nigeria. It is essential for you to check them out!

But when it comes to iPhones, user privacy is a big deal, reducing the risk of dodgy loan apps entering the scene.

What this boils down to is that there might be fewer loan apps available for iPhone users in Nigeria, but the ones that are available are trustworthy.

Our team at Cashwiseng has compiled a list of top-notch loan apps for iPhone users in Nigeria, and we’re sharing all the details with you, like interest rates, maximum loan amounts, and even the requirements you need to meet.

So, let’s dive in and find you a loan app that fits your needs!

Best Loan Apps for iPhone in Nigeria 2023-2024

The following is the list of top loan apps in Nigeria for iPhone Users;

1. Renmoney
2. Hometown Loan App
3. Carbon
4. Palmpay
5. YesCredit
6. Aella Credit
7. Kuda
8. Borome
9. P2Vest
10. KiaKia Loan App, and more to come.

Renmoney

Renmoney is one of the best loan apps for iPhone in Nigeria.

If you’re an iPhone user in Nigeria looking for a dependable loan app, Renmoney App is a top pick.

Not just a lending app, Renmoney offers a wide range of financial services right at your fingertips, like savings, money transfers, bill payments, and airtime purchases.

This makes it a one-stop financial shop for most Nigerians.

Renmoney is a well-known name in the lending space, trusted by people across different platforms, be it Android or iPhone. Plus, their loan terms are pretty favorable.

For iPhone users, downloading the Renmoney MFB loan app is super easy. You can find it in the Apple Store or go directly to their website to get it.

Here’s a quick rundown of what Renmoney offers:

Features of Renmoney

• Loan Amount: You can borrow anything from ₦6,000 to a whopping ₦6,000,000.
• Interest Rate: Rates vary between 2.4% and 9.33%, so you can find a plan that works for you.
• Loan Tenure: Flexible repayment options ranging from 3 to 24 months
• Requirements: Just some basic information like your BVN, email, and phone number is needed.
• Repayment Methods: Whether it’s a bank transfer, your account balance, or a debit card, repayment is a breeze.

So, if you’re looking to sort out your financial needs on the go, Renmoney could be your go-to app.

Hometown Loan App

Hometown Loan App also emerges as one of the best loan apps for iPhone users in Nigeria.

Hometown is a fresh face in the Nigerian loan app scene, especially for iPhone users. Apart from providing quick loans in just minutes, Hometown offers a variety of other financial services.

One of the standout features is its flexible loan terms, which come with reasonable interest rates for both new and existing customers.

Features of Hometown Loan App

• Loan Amount: With Hometown, you can secure loans ranging from ₦15,000 all the way up to ₦2,000,000.
• Interest Rate: The interest rates are pretty fair, varying between 6% and 22%.
• Loan Tenure: You’ve got options when it comes to repayment—anywhere from 15 days to 6 months.
• Requirements: All you need to provide are some basic personal details and a few bank-related pieces of info.
• Repayment Methods: Paying back the loan is hassle-free, thanks to options like bank transfers and wallet funds.

If you’re an iPhone user in Nigeria looking for a reliable and user-friendly loan app, Hometown could be a solid choice.

Carbon

This list won’t be fully completed if I don’t include Carbon loan app as one of the trusted loan apps in Nigeria for iPhone users.

Carbon stands out as one of Nigeria’s go-to loan apps for both Android and iPhone users.

What makes it really appealing is that you can grab a loan without any collateral or piles of paperwork.

The process is so streamlined that the loan amount can land in your bank account in mere minutes.

Notably, Carbon offers more generous loan amounts to first-timers compared to some other apps.

But that’s not all; the app is also a handy tool for savings, bill payments, buying airtime, and even transferring money.

Features of Carbon Loan App

• Loan Amount: You can borrow as little as ₦1,500 or go big with up to ₦1,000,000.
• Interest Rate: Rates are varied, ranging from a low 1.75% to a high of 30%.
• Loan Tenure: Choose a repayment period that suits you, from 1 month to 6 months.
• Requirements: To apply, you’ll need some basic personal details, your BVN, and a bank statement.
• Repayment Methods: Paying back is easy; use wallet funds or a simple bank transfer.

So, if you’re in need of quick cash or other financial services, Carbon is definitely worth considering.

See the full Carbon Loan app review

Palmpay

Palmpay is a big name in Nigeria’s online banking scene, and it’s also a hit among iPhone users.

More than just a loan app, Palmpay is a versatile financial tool that lets you do everything from sending and receiving money to paying bills and investing.

For those interested in loans, Palmpay offers a feature known as Palmpay Flexi Cash. This service tailors loan amounts based on your credit history.

The better your credit score, the more you can borrow. Plus, the loan terms are pretty flexible, ranging from 15 to 30 days and coming with attractive interest rates.

Features of Palmpay Loan App

• Loan Amount: Starting at ₦1,500, there’s room to borrow based on your needs.
• Interest Rate: Rates start at 0.70% daily, which is competitive.
• Loan Tenure: You have between 15 and 30 days to repay your loan.
• Requirements: All you need is an active Palmpay account to get started.
• Repayment Methods: Repayment is straightforward with options like using your Palmpay Wallet Fund or a debit card.

So, if you’re looking for a multifunctional financial app that also offers loans, Palmpay should be on your radar.

YesCredit

YesCredit is another top loan app for iPhone in Nigeria.

If you’re in need of quick cash, YesCredit has got your back.

This app streamlines the loan process so well that you can sign up, apply for a loan, and get approval all in a matter of minutes.

Once approved, the money lands in your YesCredit wallet, and from there, you can move it straight to your bank account.

It’s a super-fast and dependable way to bridge any gaps in your finances.

Features of YesCredit Loan App

• Loan Amount: Borrow what you need, from as little as ₦5,000 up to ₦50,000.
• Interest Rate: The interest rates range between 5% and 29%, giving you some options based on your needs.
• Loan Tenure: You have the flexibility to pay back the loan in a period ranging from 2 to 6 months.
• Requirements: A few personal details and some bank info are all you need to apply.
• Repayment Methods: Repaying is a breeze with options like debit card payments and bank transfers.

So, if you’re in a financial pinch and need a reliable solution, YesCredit could be the way to go.

Aella Credit

Aella is not just another loan app for iPhone in Nigeria; it’s one of the most trustworthy and transparent platforms in Nigeria’s financial tech space.

It is known for its speedy loan approval process. Aella can get cash into your account in as little as five minutes.

And the best part? You don’t need any collateral to secure a loan.

Getting started with Aella is a breeze. Simply download the app from the App Store, set up an account, and you’re ready to apply for a loan.

Aella stands out for offering sizable loan amounts, which makes it an excellent option for business owners.

Plus, the loan tenure is flexible, allowing you some breathing room when it comes to repayment.

What really sets Aella apart is its focus on transparency and reliability.

It’s designed to help Nigerians navigate financial gaps efficiently and responsibly, making it one of the top choices for business loans on the iPhone in Nigeria.

Features

• Loan Amount: Aella offers a wide range of loan amounts, from ₦100,000 up to an impressive ₦5,000,000.
• Interest Rate: With rates ranging from 6% to 20%, you’ll likely find an option that suits your financial situation.
• Loan Tenure: Flexible repayment periods of 1 to 3 months make managing your loan easier.
• Requirements: Applying is straightforward; just some personal details and bank information are needed.
• Repayment Methods: You’ve got multiple ways to repay, including wallet funds, debit cards, and bank transfers.

So, if you’re an entrepreneur in need of a financial boost or someone looking for a reliable loan service, Aella is well worth considering.

Kuda

Kuda is just another trusted loan app for iPhone in Nigeria.

Kuda is more than just a banking app; it’s a complete financial hub for Nigerians.

It is available on the App Store, Kuda provides a plethora of banking services like money transfers, bill payments, and so on.

What makes Kuda even more appealing is its loan feature. Yes, you read that right!

Kuda also doubles as a loan app for iPhone users, providing quick loans without the need for collateral or a guarantor.

It’s a great way to get your hands on some instant cash without jumping through hoops.

Features of Kuda Loan App

• Loan Amount: You can borrow up to ₦50,000, which is pretty handy for those unexpected expenses.
• Interest Rate: Kuda offers a daily interest rate of just 0.3%, making it quite competitive.
• Loan Tenure: With up to 90 days to repay, you have some wiggle room to get your finances in order.
• Requirements: All you need is a verified Kuda Bank Account to get started.
• Repayment Methods: Repayment is simple and straightforward; just use your Kuda Bank Account funds.

So if you’re seeking a versatile financial app that also comes with the added perk of quick loans, Kuda is definitely one to consider.

Borome

Now, let’s discuss another best loan app for iPhone in Nigeria which is “Borome”.

When urgent financial needs arise, Borome is a go-to solution for quick, collateral-free loans.

This platform really shines with its lenient eligibility requirements, making it accessible for a wide range of borrowers.

If you’re eligible, you won’t have to wait long—Borome gets the money into your bank account in just a matter of minutes after your loan is approved.

But what sets Borome apart from the competition? Well, its flexibility extends beyond easy eligibility.

They offer loans with various repayment options that can stretch up to an entire year. This makes it a suitable choice not just for quick fixes but also for those looking for a more long-term loan solution.

Features of Borome Loan App

• Loan Amount: Whether you need just ₦2,000 or as much as ₦100,000, Borome has got you covered.
• Interest Rate: With a daily interest rate of 0.9%, Borome offers competitive loan terms.
• Loan Tenure: A very flexible repayment period, ranging from a few weeks to a whole 52 weeks, gives you the time you need to sort your finances.
• Requirements: The application is hassle-free, requiring just some basic personal and bank details.
• Repayment Methods: Making repayments is convenient with options like bank transfers and debit cards.

If you’re seeking an accommodating and speedy loan service, Borome should be high on your list of options.

Whether it’s a minor emergency or a more substantial need, Borome offers flexibility and quick access to funds that can make all the difference.

P2Vest

P2Vest is another trusted loan app for iPhone users in Nigeria.

P2vest is redefining the lending game in Nigeria by offering a Peer-to-Peer (P2P) loan service right from your iPhone.

The standout feature? It connects borrowers with individual lenders, resulting in lower interest rates compared to traditional financial institutions.

And guess what? P2vest is not just for individual borrowers. Businesses can also tap into this lending pool to access funds for growth or operational expenses.

With loan amounts ranging from as low as ₦2,000 to a substantial ₦2,000,000, the P2Vest lending platform (P2VFB) caters to a wide array of financial needs—all without requiring a guarantor.

Getting started is a cinch. Just download the P2vest app from the App Store, register yourself as a borrower, and apply for your desired loan.

Upon approval, the funds are transferred directly to your bank account. It’s that simple!

Features

• Loan Amount: Offering a broad range from ₦2,000 to ₦2,000,000, P2vest suits both small and large financial needs.
• Interest Rate: Unique to P2vest, the interest rate depends on the individual investor, allowing for competitive and often lower rates.
• Loan Tenure: Enjoy the flexibility of repayments with tenures that can stretch up to a year.
• Requirements: A straightforward application process involves just some basic personal information and bank details.
• Repayment Methods: When it comes time to repay, you can conveniently use your debit card.

So, if you’re looking for a lending platform that goes beyond the traditional to offer more flexible, user-centric loan options, P2vest might just be the ideal choice for you.

Whether you’re an individual in need of quick cash or a business looking for substantial funds, P2vest has got you covered.

KiaKia Loan App

We can’t go without adding KiaKia loan app to the list of the best loan apps for iPhone in Nigeria.

In the Nigerian P2P lending space, KiaKia stands as a robust option for iPhone users seeking quick loans.

The platform has a lot in common with P2vest, such as a straightforward application process.

Just download the KiaKia app from the App Store, register as a borrower, and you’re all set to connect with lenders who are willing to approve your loan request.

What sets KiaKia apart, however, is its wide range of loan amounts and swift disbursement process.

Once you’ve met all the necessary requirements, you can expect the funds to hit your bank account in mere minutes.

Features of KiaKia Loan App

• Loan Amount: KiaKia offers an impressive loan range, from as low as ₦10,000 to as high as ₦10,000,000, catering to a variety of financial needs.
• Interest Rate: With a 15% monthly interest rate, KiaKia offers competitive terms that you’ll need to factor into your repayment plan.
• Loan Tenure: You have the option to choose a repayment period ranging from 1 to 3 months, giving you some flexibility in your financial planning.
• Requirements: To apply, you’ll need just basic personal and bank details, making the application process hassle-free.
• Repayment Methods: Multiple repayment options are available, including wallet funds, debit cards, and direct bank transfers, for your convenience.

So if you’re on the lookout for a P2P lending option that combines versatility in loan amounts with a fast approval process, KiaKia should definitely be on your radar.

Whether you need a small loan for a quick fix or a large loan for a significant project, KiaKia provides a reliable and convenient way to meet your financial needs.

Check out Instant 50,000 Naira Loan in Nigeria

FAQs on Best Loan Apps for iPhone in Nigeria

How can I get loan on my iPhone in Nigeria?

To get a loan on your iPhone follow the steps below;

• Visit the Apple Store, search for a loan app
• Download and Install
• Open the app, and input your information as instructed
• Link your banking information and tap “Apply Loan Now”
• The loan will be disbursed to your bank account in a few minutes to hours.

Which app can I borrow money from my iPhone?

The following loan apps for iPhone will lend your money in an instant;

1. Renmoney
2. Hometown Loan App
3. Carbon
4. Palmpay
5. YesCredit
6. Aella Credit
7. Kuda
8. Borome
9. P2Vest
10. KiaKia Loan App

What is Best Loan Apps for iPhone in Nigeria?

According to our research and users review, the best loan app for iPhone in Nigeria is Palmpay.

Can FairMoney work on iPhone?

No, as of the time of writing this post FairMoney loan app is not yet available for iPhones. It can only work on Android.

How do I get a PalmPay loan on my iPhone?

To install PalmPay on your iPhone follow the steps below;

• Visit the Apple Store, search for “PalmPay”
• Download and Install
• Open the app, and input your information as instructed
• Link your banking information and tap “Apply Loan Now”

What Makes an iPhone Loan App Reliable in Nigeria?

You want to know what makes an iPhone loan app solid in Nigeria, right?

Well, a good one will make getting a loan super easy and will be upfront about all the terms. Security is key, too!

Make sure the app protects your personal info to keep scammers at bay. A quick look at user reviews can also give you a heads-up on whether the app is legit.

Are There Any Hidden Fees on iPhone Loan Apps?

Hidden fees! Honestly, it varies from app to app. Always dig into the fine print or just ask a question to customer service to make sure you know what you’re getting into.

Some might charge you for processing or penalize you for late payments. So yes, better to be safe and double-check.

How Quickly Can I Get a Loan on an iPhone App?

Most of these iPhone loan apps get that, and they try to get your loan sorted as quickly as they can, often within minutes.

Just make sure you’ve got all their requirements ticked off, and you should be good to go.

Is Collateral Needed for Loan Apps?

Good news! Most iPhone loan apps in Nigeria won’t ask you for collateral.

They usually have other ways to check if you’re good for the money, like your bank transaction history or your Bank Verification Number (BVN).

Can I Extend My Loan Tenure?

If you’re thinking of needing more time to pay back, this really depends on the app. Some are flexible with repayments, while others are more strict.

Best to check their policy or chat with their customer service to know your options.

How Do I Repay My Loan?

Most apps make it easy for you. You could do a direct bank transfer, use wallet funds, or even pay with your debit card. Check out what methods your app offers so you can plan accordingly.

What Happens if I Miss a Repayment?

Missed a payment? Not the end of the world, but you could face some penalties or higher interest rates next time.

Also, it might hinder your credit score. So it’s good to understand the consequences before you find yourself in that situation.

Can I Take Multiple Loans at Once?

Well, that’s up to the app’s policy and how good you’ve been with paying back past loans.

Some apps are cool with it once you’ve shown them you’re reliable.

Conclusion on Best Loan Apps for iPhone in Nigeria

I hope this clears things up! Always remember to read the fine print and maybe consult reviews to make sure you’re choosing the app that’s right for you.

So you thought iPhone users in Nigeria were left out of the loan app game?

Think again! Sure, Android gets most of the attention because of its more relaxed privacy settings, but iPhone users have some solid options too.

With this article showcasing the top 15 loan apps for iPhones in Nigeria for 2023, you should now be equipped to pick the right app for you.

Get quick loans, fair interest rates, and easy repayment options right in your bank account. Don’t worry, you’re not missing out on anything!