Money Lender


Top 6 Online Working Capital Loan Lenders To SMEs

Loans are very important for any business in a way to easily survive and here are the top list of Working Capital Loan lenders. 


If you have a small or medium business you need need a working capital loan to take it to the next level. Or you are planning to establish a buisness but don’t know how to raise the capital to start.

Don’t worry, you are at the right place because this post cover all your needs. This post provide you the reliable and reputable online platforms that gives out working capital loan to SMEs with simple steps.


Top list of online platforms that grant working capital loan to SMEs in Nigeria


  1. Opticom Finance Limited
  2. Lidya Financing Institution
  3. Lendigo Nigeria
  4. Renmoney
  5. C24
  6. FastCredit SME Loan


Without wasting your time, let’s go straight to the business in review of the above list.

NOTE: Make sure you read the full content and review each money lenders one by one in a way to choose best suit for yourself.


Opticom Finance Limited

Opticom is one of the leading, best and easy money lenders in Nigeria which offers easy working capital loan to Small-Medium Enterprises (SMEs). Opticom Finance Limited is not a Bank but a reputable and reliable financial company with operating license from Central Bank of Nigeria (CBN).

Opticom offer a loan opportunity to SMEs between N500,000 and N10 Millions with easier repayment. The financial company also have some other products which includes; personal loan, car lease, generator lease, Medical equipments (for hospitals) etc.


How to apply for Opticom Working Capital Loan.

  1. Log on to the official website of Opticom
  2. Fill the available form with your personal details
  3. Go down to “Product/Facility” button, select Business/SME loan then click ‘Submit’ below
  4. A successful message will pop up then wait for their email for the follow up.



Lidya Financing Institution

Lidya is another great money Lender for SMEs and located in different 3 continents (Africa, America & Europe). Found in five countries (Nigeria, US, Portugal, Poland and Czech Republic). This international finance company owned by Tunde Kehinde and Ercin Eksin.

However, Lidya uses close to 100 data points to evaluate businesses, build a credit score unique to each business and give out the loans in less than 24 hours.

Lidya offers opportunity for SMEs to apply for loan between N50,000 to N35Millions.


Requirements for SMEs Loan;

  • Your business must be registered under Government
  • You must at least operate your business for 3 months
  • You must have a bank account


How to apply for Lidya SMEs Loan

  1. Log on to Lidya website here
  2. Stroll down and click the sign up button
  3. Fill the pop up form with your personal details then click on “Create Account” button
  4. Check your email for welcome message
  5. Click on “Activate your account” button
  6. After that, a pop up will display asking you to change you password then type in your new password.
  7. The next step is to fill another form with your Business profile and Bank details then click next
  8. Complete your personal details by filling date of birth and others.
  9. Create an invoice, fill out the form
  10. Click on “Add Customer” button, fill out the form, click add customer and click submit then wait for approval in less than 24 hours



Lendigo Nigeria

Lendigo provides easy and quick access to working capital without cumbersome paperwork, collateral or any hidden charges.

Lendigo is a licensed money lending company which offers a non-binding credit request in less than 10 minutes to SMEs and gives and gives the credit decision with 48 hours.

Lendigo offer flexible monthly interest rates from 2% and processing rates from 0.5%.


How to apply for Lendigo Business loan

  1. Log on to official website of Lendigo
  2. Fill out the simple form and sign up
  3. Lendigo will contact you within 24 hours through phone or email after reviewing your application. Your request will be addressed and tell you the necessary step to take
  4. You will then receive a proposal
  5. After you accept and approve the proposal, you will receive the contract documents
  6. You will need to sign the contract documents and forward it back to them.
  7. Congrats! Loan received straight to your account


CHECK ALSO: 6 Best Loan Apps In Nigeria & Free Loan (2020)



Renmoney is another online money Lender that offer loan up to N6 Millions to SMEs and salary earners. You must be between the age of 25-59 years and have a verifiable source of income.

Renmoney loan process can be completed in 24 hours provided all documents are valid and presented on application. Your loan application can only be rejected if you don’t meet the minimum requirements to access a loan. Renmoney offer maximum loan repayment tenure of 12 months.



  • Bank account statement (6 months)
  • Utility bill
  • Government-issued ID card
  • BVN


How to apply for Renmoney Business loan

  1. Log on to Renmoney loan application page
  2. Choose if you are a business owner or employed
  3. Fill out other required boxes and click on “How much can I borrow” button to generate the qualified loan amount calculated according to your monthly income
  4. Check the generated loan request and if accepted then click on continue
  5. A message will pop up displaying the required documents you need to provide then click in ‘I understand and acknowledge the requirements’
  6. Fill your personal details and submit then wait for the loan approval.



C24 provides first-class financial services in an atmosphere of transparency with competitive interest rates and a simplified repayment structure.

C24 offer a working capital loan starting from N150,000 upward and their repayment structure is flexible which means you don’t need to break the bank to pay back.


How to apply for C24 working capital loan

  1. Log on to C24 official loan page
  2. Fill out the form with your personal details and click on continue button
  3. Provide your means of identification and next of kin details
  4. Fill out your employment or business informations
  5. Request for your loan and wait for approval.



FastCredit SME Loan

FastCredit offers working capital loan to micro, small and medium enterprises to support business growth.

The loans are backed by guarantors and are for maximum tenor of 6 months for business owners that meet the criteria. FastCredit offers business loan N100,000 to N5 Millions.



  • Government-issued ID card
  • Statement of Bank account (1year)
  • Passport photograph
  • Utility bill
  • CAC (Business Name certificate)
  • Business owner’s cheque
  • Guarantor
  • Evidence of tax payment


How to apply for FastCredit Business loan

  1. Log on to FastCredit online loan page
  2. Select the amount you want to apply for and months of repayment
  3. Fill out your personal details then click submit button
  4. Wait for their message through the registered email account for the follow up.


ALSO CHECK: The Truth Behind Access Bank Alleged 340 Branches Closure


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6 Best Loan Apps In Nigeria & Free Loan (2020)


Top list of Loan Apps and best Loan App in Nigeria 2020. 


We tested, analyzed and brings out 6 top list of loan apps and best loan app in Nigeria 2020. We have a lot of free loan and money lending app in Nigeria in a way to get quick loan in minutes.

Being a debtor is not a sin. Most of the top companies in Nigeria are debtors.

Either you borrow money or not, you are a debtor as long as you are Nigerian because Nigeria herself is a debtor.

Don’t get confused, you don’t need to borrow money if you don’t need it but if you are reading this, I bet it you really need money, lol.

If you are looking for the best loan app in Nigeria 2020, you are at the right place. Because I’m going to teach you how to get free loan in minutes with simple steps listed below accordingly.


This is top loan apps in Nigeria 2020

  1. Carbon Paylater
  2. Palmcredit Loan
  3. Fairmoney App
  4. Branch Loan App
  5. QuickCheck Loan App
  6. Kiakia Loan App


Out of the above list, some of them might not make the list of 2019 but available in the list of best loan app in Nigeria 2020. But in this year 2020 or even at this moment, they are the best and reliable money lending app in Nigeria.

Without wasting much time, let’s go straight to the business in order to get answers to these questions;

  • How to apply for quick online loans in Nigeria
  • Highest amount you can get from Nigeria’s best and fast loan
  • Where and how to get free loan in minutes in Nigeria
  • How to get mobile loan in Nigeria without collateral, guarantor nor paperwork. etc



Carbon (Paylater) Loan App

Carbon loan app (formerly known as Paylater) is one of best money lending app and mobile loan in Nigeria. Carbon Paylater Loan gives out free loan in minutes less than five without collateral, guarantor or any paperwork.

You can however unlocks some opportunities to request for higher loan and also reduce the interest rate by repaying your loan on time.

With Carbon Loan App, you can get loan up to N1million without any documents. That sound great though!


Carbon (Paylater) Loan App | 6 Best Loan Apps In Nigeria & Free Loan (2020)


How to get instant Carbon (Paylater) Loan

To get quick online loan Carbon App is very easy and simple, just follow the steps below;

  1. Download Carbon App on Play store or get here
  2. Register through the app in order to know you
  3. Request for quick loan by filling a brief application form with basic personal informations and apply.
  4. Your application approved after a review of less than five minutes.
  5. Get the money credited in to your wallet then transfer it to your bank account.


NOTE: When you repay your loan before the due date, this will automatically gives you a chance of requesting for higher loan and reduces the interest rate for your next loan.

Meanwhile, there are some things you can do with Carbon Paylater Loan App e.g. Recharge airtime, pay bills, transfer money with lower interest, invest your money and view your credit report etc.



Palmcredit Loan App

Palmcredit Loan is one of the best loan apps in Nigeria at this moment without any doubt. This App gives user an opportunity to borrow up to N100,000 (One hundred thousand naira only) without collateral or guarantor.

Palmcredit Loan App is owned by Transsnet Nigeria Limited. The App is among the best mobile loan in Nigeria with their lower interest rate between 14% to 24%.

Furthermore, Palmcredit Debtors and the Loan controls by another platform named “Easybuy”. This package called Easybuy allows user to buy mobile phone or any other electronics at any Easybuy accredited shops. The buyer require to pay at least 20% out of the money and the balance in installments for months with low interest.


Palmcredit Loan App 2020


How to apply and join instant Palmcredit Debtors

It’s very easy get quick online loan from Palmcredit App, just follow the steps below;

  1. Download Palmcredit App on Playstore
  2. Open the App and click on “Apply for loan”
  3. Register with your phone number and fill other necessary personal informations
  4. Submit your application and expect the credit in minutes.


NOTE: Your Loan application might be rejected if you have any uncleared credit history, not only with Palmcredit app



Fairmoney Loan App

Fairmoney Loan is another big app to get quick online loans in Nigeria that gives up to N500,000 to individual.

Fair money loan is a reliable loan app that gives online loan in less than 5 minutes with flexible interest rates without any paperwork or collateral. Fairmoney App is not rely on only quick loan but also gives out personal loans and business loans.

Fairmoney Loan App


How to apply and get instant Fair Money Loan

To get quick loan online with Fairmoney App is very easy and simple, follow the steps below;

  1. Download Fairmoney Loan App on Playstore
  2. Register with your active phone number
  3. Answer some questions and receive a loan offer
  4. Put down your bank details and receive your loan ASAP

NOTE: You can even earn bonus in cash when you invite your friends and also receive discounts on airtime & data purchase.



Branch Loan App

Branch App is one of the oldest and biggest quick online loans in Nigeria which gives out free loan in minutes. Branch Loan App gives out loan up to N200,000 without collateral or guarantor. Branch App determine their interest rates by number of factors, including repayment history but fall between 15% and 34%.

Branch Loan App


How to apply and get quick Branch Loan

Branch Loan application is very simple and easy. To do so, you will need to follow the below steps;

  1. Download Branch Loan App on Playstore here
  2. Create account by filling a simple form within a minute and submit
  3. Apply for the loan that meets your needs
  4. Receive the loan money in mobile money or in your bank account.


NOTE: You can repay the loan with your mobile account. You are unlocking the higher loans as you are building your credit.



QuickCheck Loan App

QuickCheck Loan App is another great and one of the best loan apps in Nigeria which offers quick online loan in minutes without any paperwork or collateral. QuickCheck Loan has a nice and very neat app that is very easy to use.

QuickCheck Loan App doesn’t want you to go broke again and they use machine learning to predict your behaviour and instantly evaluate loan applications.

QuickCheck Loan App


How to apply and get QuickCheck Loan

To get quick online loan from QuickCheck App is very easy and simple, follow the steps below;

  1. Download QuickCheck Loan App on Playstore
  2. Open the App and create your account in a way to get known to them
  3. Apply for a loan
  4. Their machine will run your credit score and generate the amount you qualify to borrow
  5. Accept the offer and get the loan credited to your bank account in minutes.


Kiakia Loan App / Kiakia Loan Website

Kiakia Loan aka Mr. K and also known as Sterling Bank Kia Kia Loan is another trustworthy and reliable mobile loan in Nigeria. Kiakia is a Yoruba word which simply means fast/very fast. Kia Kia loan offer personal loans and business loans and can gives out up to N200,000.

Before you proceed with this method to get quick loan online, make sure you have bank account with Sterling bank. Kiakia Loan website/app is backed with Sterling bank Nigeria PLC and that’s why some people call them Sterling Bank Kia Kia loan. Their website is link to the bank and that’s where you will repay the loan.

Kiakia Loan App / Kiakia Loan Website


How to apply and get instant Kia Kia loan online

Kiakia Loan has a different loan application comparing to other Nigeria’s best and fast loan. There’s Kiakia loan website only because they don’t have app. It’s very simple to get the loan but you will need to follow the steps below;

  1. Log on to official Kiakia loan website
  2. Click on “Click to get loan” tab
  3. A chatbot will pop up and click on “Create an account”
  4. After you’ve done with creation of your account then click on “Get a loan
  5. A chatbot will request for your email to confirm and complete your application
  6. You will then assigned to one of their agents who you are going to meet in person for physical verification
  7. Finally, your loan request approved and get the money credited in to your account



We have plenty list of loan apps in Nigeria but all of them are not genuine, some fraudsters are even using the opportunity to scam many people and that’s why one have to becareful when it comes to anything about money online.

We give you 100% assurance about all the above list of loan apps in Nigeria. Because they are trustworthy, reliable and they are the best loan apps in Nigeria for free loan at this present year 2020.


Check This: How To Apply For CBN 50B Loan For COVID-19 Intervention


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