Nigerian Loan App Comparator
Select up to 6 Nigerian loan apps and compare them side by side on interest rate, repayment cost, requirements, loan limits, speed, and penalties โ before you borrow a single kobo. Updated with 2025/2026 rates.
Select Apps to Compare
Choose 2โ6 apps from the grid below. All 9 major Nigerian loan apps included with 2025/2026 rates.
Enter Your Loan Amount & Tenure
Set how much you want to borrow and for how long. This drives the real cost simulation.
Click Compare
Get a full side-by-side table, cost simulation, and overall scorecard ranking.
Share Your Results
Download an HD comparison card or share to WhatsApp, X, or Facebook.
Side-by-Side Comparison
๐ธ Real Cost Simulation
What you actually pay back
Monthly rate โ Annual rate
A 5%/month rate = 60% annually. Always multiply monthly rate ร 12 to understand the true yearly cost.
Your credit history determines your actual rate
All apps show a range (e.g., 2.5โ30%). New users almost always get the highest rate. Build repayment history on one app first before expecting lower rates.
Rollover is a debt trap
Rolling over means paying full interest again on the original amount. โฆ50,000 at 10%/month with two rollovers costs โฆ65,000+.
GSI is active โ defaulting hits all your accounts
The CBN's Global Standing Instruction (GSI) allows lenders to debit any Nigerian bank account linked to your BVN if you default. All 9 apps on this list have GSI activated.
Use the Loan Calculator before applying
Run the exact amount in our Loan Calculator tool to see your full repayment schedule before submitting. Never borrow blind.
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Use the Loan Calculator to See Full Repayment First
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