Nigeria’s Top 7 Most-Downloaded Loan Apps (May 2025)
The lending scene in Nigeria is booming — and so are downloads of loan apps. According to Google Play Store data, seven apps have crossed 5 million downloads as of May 2025.
Here’s a ranking of the most popular loan apps:
| Rank |
App Name |
Downloads |
Loan Range |
Monthly Interest |
| 1️⃣ |
Branch |
10M+ |
₦2,000 – ₦1M |
17% – 40% |
| 2️⃣ |
FairMoney |
10M+ |
₦1,500 – ₦3M |
2.5% – 30% |
| 3️⃣ |
Palmcredit |
10M+ |
₦10,000 – ₦300,000 |
~4% (APR 24%–56%) |
| 4️⃣ |
OKash |
10M+ |
₦3,000 – ₦1M |
3% – 15% daily |
| 5️⃣ |
Carbon |
5M+ |
₦2,500 – ₦1M |
4.5% – 30% |
| 6️⃣ |
Newcredit |
5M+ |
₦10,000 – ₦300,000 |
4% |
| 7️⃣ |
EaseMoni |
5M+ |
₦3,000 – ₦2M |
5% – 10% |
