Latest List of Loan Apps Approved by CBN 2024

February 15, 2024 (3 months ago)
Latest List of Loan Apps Approved by CBN 2024

List of Loan Apps Approved by CBN: In a bid to combat the proliferation of illegal lending apps and safeguard borrowers from exploitation, the Federal Competition and Consumer Protection Commission (FCCPC) in Nigeria has taken proactive measures. The approval of over 162 digital lending applications by the FCCPC, with 107 receiving full approvals and 55 receiving conditional approvals, marks a significant step towards providing borrowers with safe and reliable financial assistance.

Latest List of Loan Apps Approved by CBN 2024

Latest List of Loan Apps Approved by CBN 2024

The collaboration between the FCCPC and the Central Bank of Nigeria (CBN) underscores a shared commitment to regulating the digital lending landscape effectively. Through stringent review processes, these regulatory bodies aim to weed out non-compliant and predatory lending practices, thereby fostering a conducive environment for borrowers.

Top 10 Trusted Loan Apps Approved by CBN

Navigating through the plethora of approved loan apps can be daunting for borrowers. To simplify the process, we’ve curated a List of Loan Apps Approved by CBN and highly-rated loan apps based on customer feedback and ratings:

  1. Branch International: With over 10 million downloads and a stellar rating of 4.5, Branch International stands out as a pioneer in providing safe and reliable financial assistance to Nigerian borrowers.
  2. Okash: Owned by Opay, Okash offers convenient personal loans with over 5 million downloads since its inception in 2018, highlighting its popularity among Nigerian mobile users.
  3. Kuda: As a trusted digital banking platform, Kuda obtained approval from the CBN to offer comprehensive financial services, ensuring user confidence and reliability.
  4. QuickCheck: Leveraging machine learning, QuickCheck provides 24/7 loans without collateral, catering to underserved Nigerian consumers and micro-businesses.
  5. FairMoney: Known for its fast loan disbursal process and flexible repayment options, FairMoney has become a go-to platform for users seeking efficient financial solutions.
  6. Palmcredit: With a user-friendly interface and quick loan disbursement process, Palmcredit remains a favorite among Nigerian borrowers.
  7. Renmoney: Renmoney’s adherence to CBN regulations and positive user feedback solidify its position as a trusted loan app, empowering more Nigerians to manage their finances effectively.
  8. Aella Credit: Backed by Y Combinator, Aella Credit offers innovative financial solutions, catering to the diverse needs of borrowers in Nigeria.
  9. Carbon: Formerly known as Paylater, Carbon provides a fully digital lending experience with impressive ratings and a wide range of loan options.
  10. PayCredit: Offering salary advances and business loans without the need for collateral or guarantors, PayCredit ensures accessibility and convenience for borrowers.
  11. Rbi Approved Loan Apps List in India 2024

Latest List of Loan Apps Approved by CBN

We have compiled the complete List of Loan Apps Approved by CBN and lenders approved by the CBN in light of the shifting regulatory landscape. This list represents the most recent view of authorized loan apps as reported by the Central Bank, and we will be updating this list frequently as the CBN continues to remove non-compliant lending apps.

Remember to bookmark this page so you can always have an accurate, up-to-date roster of all the lending apps and services currently List of Loan Apps Approved by CBN.

  1. A1 Capital Solution Limited
  2. Afrofirst Mobile and Technology Company Limited
  3. Afrosay Fintech Limited
  4. Afrowide Development Ltd
  5. Altracred Finance Investment Limited
  6. Apex Lending Limited
  7. Applink Capital Nigeria Limited
  8. Arve Limited
  9. Bestfin Nigeria Limited
  10. Betterlending Company Limited
  11. Be Resources Limited
  12. Berly Spring Global Limited
  13. Bettersave Nigeria Limited
  14. Betteryield Company Limited
  15. Blackcopper Service Limited
  16. Blue Ridge Microfinance Bank Limited
  17. Branch International Financial Services Limited
  18. CarbOn Microfinance Bank Limited
  19. Consynergy Limited
  20. Credit Tech Lending Company
  21. Creditville Microfinance Bank Ltd
  22. Creditwave Finance Limited
  23. Crevance Credit Limited
  24. Csense Limited
  25. Crossroads E-Payment Systems Limited
  26. Doverty Technologies Limited
  27. Easycheck Finance Investment Limited
  28. Edmond Solutions Company Limited
  29. Eric Vsta Limited
  30. Econ Mart Fintech Limited
  31. Fairmoney Micro Finance Bank
  32. Finesest Limited
  33. Fluna Capital Limited
  34. Flo Wood Lending
  35. Fubri Century Company Limited
  36. Giasun Technology Nigeria Limited
  37. Golatech Credit Limited
  38. Goharvest International Limited
  39. Grolatech Credit Limited
  40. Highcredit Nigeria Limited
  41. Hollandale Nigeria Limited
  42. Hometown Fintech Limited
  43. Ibs Golden Investment Company Limited
  44. Irorun Technologies Limited
  45. Jm Rubinus Limited
  46. Keenest Tech Service Limited
  47. Kiowope Capital Limited
  48. Lantana Technology Limited
  49. Letshego Microfinance Bank Ltd
  50. Liberty Assured Limited
  51. Linkpark Technology Nigeria Limited
  52. Mangnet Lending Limited
  53. Maven Finance Limited
  54. Maywood Lending Limited
  55. Menacred Company Limited
  56. Mino Sparks Limited
  57. Neo-Link Technology Company Limited
  58. New Credage Nigeria Limited
  59. Newedge Finance Limited
  60. NexxtPayday Limited
  61. Niz Services Limited
  62. Orange Loan & Purple Credit Limited
  63. Otp Internet Technology Limited
  64. Oxymon Solution Limited
  65. P2vest Technology Limited
  66. Papichou Technology Limited
  67. Paycredit Limited
  68. Payhippo Limited
  69. Paylater Hub Limited
  70. Pay Financial Technology Service Limited
  71. PenaId Limited
  72. Phoenix Payment Solution Limited
  73. Piska Tech Nigeria Limited
  74. Primera Microfinance Bank
  75. Princep Credit System Limited
  76. Prosperity Archipelago Limited
  77. Provest Limited
  78. Quark Financial Nigeria Limited
  79. Quickcheck Nigeria Limited
  80. Raceova Nig. Limited
  81. Ragekay Global Investment Limited
  82. Rankcapital Limited
  83. Red Harbor Fintech Limited
  84. Red Planet Nigeria Limited
  85. Renmoney Microfinance Bank Limited
  86. Regxta Global Service Ltd
  87. Rock Financials Limited
  88. Rockit Lenders Nigeria Limited
  89. RubyStar Global Limited
  90. Singular Technology Nigeria Ltd
  91. Skitloan Nigeria Limited
  92. Sycamore Integrated Solutions Limited
  93. Swipebill Technologies Nigeria Limited
  94. Tajow Investment
  95. Ta Prime Limited
  96. Ted Rocket Limited
  97. Trade Depot
  98. Trade Lenda Com Limited
  99. Trafalgar Associate Limited
  100. UnI Technology Nigeria Ltd
  101. Ucplus Advance Limited
  102. Value Driver Technology Solution Limited
  103. Veendhq Limited
  104. Windville Financial Nigeria Limited
  105. Xgo Finance Limited
  106. Yes Credit Company Limited
  107. Yegon Tech Limited

Conclusion

The concerted efforts of regulatory bodies like the FCCPC and CBN have reshaped the digital lending landscape in Nigeria. By approving a diverse range of loan apps, borrowers now have access to safe, reliable, and convenient financial assistance. This regulatory framework not only fosters healthy competition but also upholds the rights and protections of borrowers, ushering in a new era of financial empowerment in Nigeria.

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