I once told myself that I need a loan of 50000 Naira too before deciding to make this post. In Nigeria, there are a lot of Loan apps out there that offers quick instant loan to customers. The downside of these loan apps is that, for starters, it is very difficult to access even up to N30,000 loans let alone when you need a loan of 50000 Naira. But that is not a thing to worry about anymore because, in this article, I’ll be showing you some of the best instant loan apps in Nigeria that can offer you a loan of 50000 Naira as a first-time customer.
I need a loan of 50000 Naira In Nigeria, Which App is Okay?
If need an urgent loan of 50000 Naira in Nigeria, below are the top loan apps that offer loans up to 50000 Naira for starters.
Fairmoney is no doubt one of the most reliable loan apps to get a loan with peace of mind for not being harassed as we earlier stated. Although the company currently offers interest rates a little bit too high. However, Fairmoney is one of the best loan apps you can get an N50000 loan as a starter.
To qualify for a Fairmoney N50000 loan, you, therefore, need to meet every other requirement that the app might present to you like ensuring you have a good credit record with any other loan company because they all operate with the same credit bureau registries in Nigeria.
Okash promised to give its customers loans up to N50000 for the first time. And this has been proven as some of their users have testified to getting at least N30000-N50000 when they needed a loan with Okash.
Okash has not been reported to be harassing customers the way other loan sharks do and therefore is safe to get your urgent loan from them without being scared.
To get the loan from Okash, simply go to Google Playstore and download the Okash loan app and fill in your details including BVN and request a loan of N50000 which would be credited to your account instantly.
Aella credit isn’t just a loan company but a financial solution company that can give you a loan of N50000 and up to N1,000,000 for personal or business use. Aella credit is available to iOS and Android users on their respective app stores and its been confirmed to be giving genuine loans to users.
Aella Credit has one of the best interest rates among its competitors. Interest rates start from as little as 4%-29% per month depending on your repayment history. You can acquire a loan in minutes without any collateral with Aella.
EasyCredit gives both personal, business, and salary advanced loans from N1000 to as high as N200000. With EasyCredit, you can acquire up to N50000 emergency loans for business or personal use in Nigeria. The app however violated a couple of Google Play Protect rules and was taken down by Google Play. However, they still operate somehow in another name.
5. Carbon Loan
Carbon like many other companies has grown beyond being just a loan app and has become a fintech and mobile money company in Nigeria to provide fast instant loan opportunities to borrowers. The app is able to provide you with a loan up to N50000 today if you need it. Some of their requirements are Bank Verification Number (BVN), and a registered phone number.
6. RenMoney Loan App
RenMoney though we put it in our 7th position is still the best loan app in Nigeria that not only focuses on getting a loan but also gives customers the chance to invest their monies in fixed deposits and get a fair return on investments within a period of time.
RendMoney can give you an instant loan of up to 50,000 Naira in Nigeria without any form of paperwork. All you would need to provide is your Bank Verification Number, your phone number, and two guarantor’s contacts, and your loan amount would be disbursed to you as soon as possible.
Newcredit has one of the largest customer databases in the loan business. The loan app has about 1.5m+ downloads from the Google Playstore. It can offer a loan amounts up to N50000 with just your Bank Verification Number and a phone number required. You do not need any strict paperwork to get a loan with Newcredit loan app.
What app gives 50000 loans?
In a nutshell, Newcredit, RenMoney, Fairmoney, Carbon, Okash, and Aella credit are the most reliable apps that give 50,000 Naira loans in Nigeria as we know.
If you have read this article and were asking yourself if you need a loan of 50,000 Naira in Nigeria and wondering where to get it, then this article should have helped you out. Read also a list of fake loan apps in Nigeria.