List of Government Approved Loan Apps in Nigeria – Trusted Loan Apps in Nigeria

List of Government Approved Loan Apps in Nigeria – Trusted Loan Apps in Nigeria

The Nigeria loan industry seem to have taken a new turn since 2018 and the birth of Covid-19 saw the influx of loan apps on the rise while the year 2022 was a year where most Nigerians received calls or sms tagging their friends, family and other contacts as fraudstars or debtors for not refunding loans borrowed from loan apps and in some cases, the loan was already paid without proper records and update on the loan app servers.

The series of pre-recorded calls and SMS to millions of Nigerians as a resault of contact theft or unapproved contact harvesting by these loan apps resulted series of sactions and order of closure by the government and also the need for official licensing before commencement of operations in the Nigerian space with a deadline given as Novermber 14th 2022 and later extended to 31st January 2023 by the Federal Competition and Consumer Protection Commission (FCCPC).

Following the above authomatium, some loan apps has obeyed the order and has followed the due process and have now been fully approved while some are still under conditional approval but are permitted to operate for the time been and here are the list of government approved loan apps in Nigeria at the moment.

Read also: Top Ways to Get Loan in Nigeria without Collateral

Trusted Loan Apps in Nigeria Base on Government Approval

1. Sycamore Integrated Solutions Limited
2. Trade Depot
3. Tajow Investment
4. Blue Ridge Microfinance Bank Limited
5. Grolatech Credit Limited
6. Branch International Financial Services Limited
7. P2vest Technology Limited
8. Creditwave Finance Limited
9. Keenest Tech Service Limited
10. Fairmoney Micro Finance Bank
11. Altracred Finance Investiment Limited
12. Crevance Credit Limited
13. Menacred Company Limited
14. Afrowide Development Ltd
15. Red Planet Nigeria Limited
16. Afrofirst Mobile And Technology Company Limited
17. Rankcapitals Limited
18. Ibs Golden Investment Company Limited
19. Lendvisery Services Limited
20. Creditwave Finance Limited
21. Renmoney Microfinance Bank Limited
22. Swipebill Technologies Nigeria Limited.
23. Hometown Fintech Limited
24. Giasun Technology Nigeria Limited
25. Be Resources Limited
26. Rockit Lenders Nigeria Limited
27. Pivo Technology Limied
28. Yes Credit Company Limited
29. Fubril Century Limited
30. Irorun Technologies Limited
31. Csense Limited
32. Supreme Help Cooperative Society Limited
33. Orcom And Orcom Bussiness Suport Limited
34. Payhippo Limited.
35. Easycheck Finance Investment Limited
36. Quark Financial Nigeria Limited
37. Edmond Solutions Company Limited
38. Ted Rocket Limited
39. Penaid Limited
40. Arve Limited
41. Dover Credit Limited
42. Ragekay Global Investment Limited
43. Maywood Lending Limited
44. Linkpark Technology Nigeria Limited
45. Mangnet Lending Limited
46. Rubystar Global Limited
47. Bestfin Nigeria Limited
48. Fubri Century Company Limited
49. Berly Spring Global Limited

These are the Fully Governement Approved Loan Apps in Nigeria so you can trust these company’s since they have been documented by a governement agency to have met the operational guidelines for registration.

Read also: Nigeria Loan Apps and USSD Code

Conditionally Governemnt Approved Loan Appls in Nigeria

1. Trippdbase Limited 
2. Blackcopper Service  
3. Owoafar Fintech Service 
4. Paylater Hub 
5. Windville Financial Nigeria Limited 
6. Afrofirst Mobile And Technology Company Limited 
7. Orcom And Orcom Business Support Limited 
8. Otp Internet Technology Ltd 
9. Red Harbor Fintech Limited 
10. Beryl Spring Global Limited 
11. Hometown Fintech Limited 
12. Ajax Lending Limited 
13. Raceova Nig. Limited 
14. Lantana Technology Limited 
15. The Platform Digital Network Limited 
16. Zippy Capital Limited 
17. Neo-Link Technology Limited 
18. Tripobase Limited 
19. Bestfin Nigeria Limited 
20. Pocketfuel Finance Limited 
21. Lending Edge Limited 
22. Ted Rocket Limited 
23. Penaid Limited 
24. Altara Credit Limited 
25. New Credage Nigeria Limited 
26. Lendha Technologies Limited 
27. Doja Lemaire Global Limited 
28. Paydayhub Online Nigeria Limited 
29. Retail Booster Limited 
30. Finnew Fintech Limited 
31. Fezotech Nigeria Limited 
32. Orange Loan & Purple Credit Limited 
33. Citadele Capitals Limited 
34. Fewchore Finance Company Limited 
35. A1 Capital Solution Limited 
36. One Payout Limited 
37. Linkpark Technology Nigeria Limited 
38. Lidya Global Limited 
39. Phoenix Payment Solutions Limited 
40. Red Planet Nigeria Limited 
41. Kwaba International Limited. 
42. Maywood Lending Limited. 
43. Princeps Credit System Limited 
44. Linkpark Technology Nigeria Limited 
45. Finpadi Technologies Limited 

Although these loan apps in Nigeria have been partially approved by the governement, the may not have met all requirement or they are still under close watch to monitor their services and customer relation process. So you are advised to use them with caution till they are fully approved.

Read also: 3 Ways to Get Loan as an SME in Nigeria

Final Words

Borrowing is not a bad idea but it is always borrow what you can pay or at least reach out to the company few days to deadline if for any reason you think you can’t meet up with the deadline.

It is also important to check the type of interest rate a loan company uses before lending money from them because some tends to compound their interest over time especialy if you miss the deadline.

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