173 Legit loan apps Approved By CBN (2023)

If you wonder about a very legit loan app to go for, then you can’t go wrong with any from these our compiled list of loan apps approved by CBN

The Central Bank of Nigeria (CBN) is the apex bank in Nigeria responsible for regulating and supervising financial institutions in the country. 

One of its key roles is to promote financial inclusion by providing access to credit facilities to individuals and businesses. 

To achieve this, lots of independent marketers were allowed to provide short loans to individuals and businesses but ever since the loan sector has been abused leading to all sorts of malpractices.

To curb the menace posed by these fake loan apps, the CBN has stepped in to regulate and supervise these apps to ensure that borrowers are protected from predatory lending practices.

Google has also stepped in to disallow non-approved apps from accessing sensitive data using its Play store

The CBN’s approval of loan apps is important because it ensures that the apps are operating within the regulatory framework set by the apex bank. 

This framework includes guidelines on loan limits, interest rates, and repayment terms to protect borrowers from excessive debt burdens. 

In addition, the CBN’s approval of loan apps gives borrowers confidence that the apps are legitimate and safe to use.

Besides, the CBN’s role in approving loan apps is crucial in promoting financial inclusion in Nigeria while protecting borrowers from predatory lending practices.

Below is the full list of the Legit loan apps that got full approval

Table of Contents

• List of Legit Loan Apps Approved By CBN
• List of Loan App With Conditional Approval
• Why You Should Access Loan From List Of Loan Apps Approved By CBN 
• Verdict

 

List of Legit Loan Apps in Nigeria Approved By CBN

This is a list of registered loan companies in Nigeria with CBN and officially approved to operate as legit loan apps to facilitate credit facilities in a safe and transparent manner.

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 INVESTMENT 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. RANK CAPITAL LIMITED
18. IBS GOLDEN INVESTMENT COMPANY LIMITED
19. LENDVISERY SERVICES LIMITED
20. RENMONEY MICROFINANCE BANK LIMITED
21. SWIPEBILL TECHNOLOGIES NIGERIA LIMITED
22. HOMETOWN FINTECH LIMITED
23. GIASUN TECHNOLOGY NIGERIA LIMITED
24. BE RESOURCES LIMITED
25. ROCKIT LENDERS NIGERIA LIMITED
26. PIVO TECHNOLOGY LIMITED
27. YES CREDIT COMPANY LIMITED
28. IRORUN TECHNOLOGIES LIMITED
29. CSENSE LIMITED
30. SUPREME HELP COOPERATIVE SOCIETY LIMITED
31. ORCOM AND ORCOM BUSSINESS SUPPORT LIMITED
32. PAYHIPPO LIMITED.
33. EASYCHECK FINANCE INVESTMENT LIMITED
34. QUARK FINANCIAL NIGERIA LIMITED
35. EDMOND SOLUTIONS COMPANY LIMITED
36. TED ROCKET LIMITED
37. PENAID LIMITED
38. ARVE LIMITED
39. DOVER CREDIT LIMITED
40. RAGEKAY GLOBAL INVESTMENT LIMITED
41. MAYWOOD LENDING LIMITED
42. LINKPARK TECHNOLOGY NIGERIA LIMITED
43. MANGNET LENDING LIMITED
44. RUBYSTAR GLOBAL LIMITED
45. BESTFIN NIGERIA LIMITED
46. FUBRI CENTURY COMPANY LIMITED
47. BERLY SPRING GLOBAL LIMITED
48. ROCK FINANCIALS LIMITED
49. PHOENIX PAYMENT SOLUTION LIMITED
50. VALUE DRIVER TECHNOLOGY SOLUTION LIMITED
51. NEXTPAYDAY LIMITED
52. BLACKCOPPER SERVICE LIMITED
53. TRAFALGAR ASSOCIATE LIMITED
54. WINDVILLE FINANCIAL NIGERIA LIMITED
55. ORANGE LOAN & PURPLE CREDIT LIMITED
56. CARBON MICROFINANCE BANK LIMITED
57. NEO-LINK TECHNOLOGY COMPANY LIMITED
58. FINNEW FINTECH LIMITED
59. OTP INTERNET TECHNOLOGY LIMITED
60. RED HARBOR FINTECH LIMITED
61. PAYLATER HUB LIMITED
62. SKITLOAN NIGERIA LIMITED
63. RACEOVA NIG. LIMITED
64. NEW CREDAGE NIGERIA LIMITED
65. BETTERLENDING COMPANY LIMITED
66. FAST-POINT INTEGRATED LIMITED
67. APEX LENDING LIMITED
68. PISKA TECH NIGERIA LIMITED
69. PRINCEP CREDIT SYSTEM LIMITED
70. OMALEND SERVICE LIMITED
71. POCKFUL FINANCE LIMITED
72. HIGH CREDIT NIGERIA LIMITED
73. HOLLANDALE NIGERIA LIMITED
74. PAY FINANCIAL TECHNOLOGY SERVICE LIMITED
75. A1 CAPITAL SOLUTION LIMITED
76. NEWEDGE FINANCE LIMITED
77. PAPICHOU TECHNOLOGY LIMITED
78. GO HARVEST INTERNATIONAL LIMITED
79. MINO SPARKS LIMITED
80. XGO FINANCE LIMITED
81. PRIMERA MICROFINANCE BANK
82. CREDIT TECH LENDING COMPANY
83. 83. PROSPERITY ARCHIPELAGO LIMITED
84. FINESEST LIMITED
85. SINGULARITY TECHNOLOGY NIGERIA LTD
86. ECON MART FINTECH LIMITED
87. PENNEE TECHNOLOGIES LIMITED
88. OXYMON SOLUTION LIMITED
89. LANTANA TECHNOLOGY LIMITED
90. APPLINK CAPITAL NIGERIA LIMITED
91. YEGON TECH LIMITED
92. FEZOTECH NIGERIA LIMITED
93. ERIC VSTA LIMITED
94. MOBLASPAY COMPANY LIMITED
95. PAYCREDIT LIMITED
96. NIZ SERVICES LIMITED
97. MINO SPARKS LIMITED
98. FLO WOOD LENDING
99. LIBERTY ASSURED LIMITED
100. UNI TECHNOLOGY NIGERIA LTD
101. TRADE LENDA COM LIMITED
102. CREDITVILLE MICROFINANCE BANK LTD
103. LETSHEGO MICROFINANCE BANK LTD
104. KIOWOPE CAPITAL LIMITED
105. VEENDHQ LIMITED
106. UCPLUS ADVANCE LIMITED
107. MAVEN FINANCE LIMITED
108. AELLA FINANCIAL SOLUTIONS LIMITED
109. FLUNA CAPITAL LIMITED
110. NEWEDGE FINANCE LIMITED
111. TA PRIME LIMITED
112. REGXTA GLOBAL SERVICE LTD
113. PROVEST LIMITED
114. JM RUBINUS LIMITED
115. CROSSROADS E-PAYMENT SYSTEMS LIMITED
116. CONSYNERGY LIMITED
117. FINTCRED INNOVATION LIMITED
118. AFROSAY FINTECH LIMITED
119. MIM FINANCE COMPANY

 

Loan Apps With Conditional approval

These are registered loan companies in Nigeria with CBN but could not meet all requirements. 

Though they are also legit, caution needs to be taken as some of their terms and condition need to be given thorough scrutiny.

1. TRIPODBASE LIMITED
2. OWOAFARA FINTECH SERVICE
3. AJAX LENDING LIMITED
4. THE PLATFORM DIGITAL NETWORK LIMITED
5. ZIPPY CAPITAL LIMITED
6. LENDING EDGE LIMITED
7. LENDHA TECHNOLOGIES LIMITED
8. DOJA LEMAIRE GLOBAL LIMITED
9. PAYDAYHUB ONLINE NIGERIA LIMITED
10. RETAIL BOOSTER LIMITED
11. CITADELE CAPITALS LIMITED
12. FEWCHORE FINANCE COMPANY LIMITED
13. ONE PAYOUT LIMITED
14. LIDYA GLOBAL LIMITED
15. KWABA INTERNATIONAL LIMITED
16. FINPADI TECHNOLOGIES LIMITED
17. UMBA DIGITAL SOLUTIONS LIMITED
18. FINTRADE SOLUTIONS LIMITED
19. U TECHNOLOGY
20. STELLAR FINANCE LIMITED
21. DASH INNOVATIONS
22. GRIT-TECH LIMITED
23. CAELUM TECHNOLOGIES LIMITED
24. U THINKING NIGERIA LIMITED
25. EATON HILL INVESTMENT LIMITED
26. CREDITPRO BUSINESS SUPPORT SERVICES LTD
27. MUSKA TECH LIMITED
28. HELPPO AFRICA LIMITED
29. RENNERS INVESTMENT LIMITED
30. PEBBLE FINANCIAL TECH. LIMITED
31. KIAKIA BITS LIMITED
32. WEALTHBRIDGE CAPITAL PARTNERS LIMITED
33. TRIVISTA CAPITAL LIMITED
34. ATIMI LENDING LTD
35. ZUVY TECHNOLOGIES LIMITED
36. ROCKSHIELD MICROFINANCE
37. DOT MICROFINANCE BANK LIMITED
38. ALLAWEE TECHNOLOGIES LIMITED
39. LUCRED TECHNOLOGY LIMITED
40. NOLT FINANCE LIMITED
41. SOKO LENDING LIMITED
42. CITYGATE GLOBAL INVESTMENT LIMITED
43. OLIVERMEAD INVESTMENT LIMITED
44. LIGHTING FINANCE TECHNOLOGY NIGERIA LIMITED
45. MENO FINANCE LIMITED
46. HOIL INVESTMENT LIMITED.
47. KIREDI ROCK COMPANY LTD
48. GLOSH TECH LIMITED
49. CLEMO FRESH CO. LTD
50. PASSECO TECHNOLOGY NIG. LTD
51. TRUST CEN LIMITED
52. RIVERBANK PARTNERS LIMITED
53. PRIME AVIS INVESTMENT SERVICES LIMITED
54. RIVERBRAND TECHNOLOGY LIMITED

 

Why You Should Access Loan From List Of Legit Loan Apps Approved By CBN 

Here are some reasons why using a list of loan apps approved by CBN can be beneficial:

1. Protection from fraudulent loan apps: 

The CBN is responsible for regulating and supervising loan apps in Nigeria to ensure that they operate within the regulatory framework. 

By using a list of CBN-approved loan apps, you can be sure that you are using a legitimate and trustworthy loan app that is operating within the bounds of the law.

2. Competitive interest rates: 

Loan apps that have been approved by CBN are required to comply with the interest rate cap set by the apex bank. 

This means that you are likely to find loan apps with competitive interest rates on a list of CBN-approved loan apps.

3. Transparent loan terms: 

Loan apps that have been approved by CBN are required to disclose all loan terms, including interest rates, repayment terms, and fees, in a clear and concise manner. 

This ensures that borrowers are not caught off guard by hidden charges or fees.

4. Access to higher loan limits: 

Loan apps that have been approved by CBN are required to comply with the maximum loan limit set by the apex bank. 

This means that you may have access to higher loan limits if capable by the loan app when using a list of CBN-approved loan apps.

5. Easy access to credit: 

Using a list of CBN-approved loan apps can make it easier for you to access credit facilities without the traditional bottlenecks associated with obtaining loans from banks. 

This is because loan apps typically have a faster loan approval process and require less documentation.

6. Increased financial inclusion: 

By using a list of CBN-approved loan apps, you are contributing to the goal of increasing financial inclusion in Nigeria. 

This is because loan apps provide access to credit facilities to individuals and businesses that may not have access to traditional banking services.

7. Improved credit score: 

Consistently using a loan app that has been approved by CBN and making timely repayments can help improve your credit score. 

This is because loan apps typically report borrowers’ repayment histories to credit bureaus, which can positively impact their credit scores.

8. Convenient loan repayment options: 

Loan apps that have been approved by CBN typically offer flexible loans repayment options, such as automatic deductions from borrowers’ bank accounts, debit card payments, or online transfers. 

This makes it easier for borrowers to repay their loans on time.

9. Better customer service: 

Loan apps that have been approved by CBN are required to provide efficient and effective customer service to borrowers. 

If you encounter any issues or have questions about your loan, you can expect a prompt and helpful response from the loan app’s customer service team.

10. Increased trust: 

Using a loan app that has been approved by CBN can increase trust between borrowers and lenders. 

This is because the CBN’s approval signifies that the loan app has been thoroughly vetted and meets the regulatory requirements for operating in the financial industry. 

As a result, borrowers are more likely to trust the loan app and use it for their financial needs.

11. Easy to report:

In case you encounter any dubious behavior, you enjoy the liberty of reporting that institution to the Apex Bank by submitting your complaint letter to the email: [email protected] or submit to the CBN Head Office or at any of the Central Bank of Nigeria branches nationwide.

… read also: 

• 57 USSD Code For Loans in Nigeria 2023
• Top 20 List of Fake Loan Apps in Nigeria To Avoid
• List of NCC-Approved USSD Codes in Nigeria

Verdict

Loan apps have become a popular way for Nigerians to access credit facilities without the traditional bottlenecks associated with obtaining loans from banks. 

However, with the proliferation of loan apps in Nigeria, it is important to use loan apps that have been approved by the Central Bank of Nigeria (CBN) to protect oneself from fraudulent lending practices and ensure compliance with regulatory guidelines.

By using a list of loan apps approved by FG, borrowers can enjoy competitive interest rates, transparent loan terms, higher loan limits, and convenient loan repayment options. 

Additionally, using a loan app that has been approved by CBN can contribute to the goal of increasing financial inclusion in Nigeria and improving borrowers’ credit scores.

Overall, the use of legitimate loan apps that have been approved by CBN is essential for borrowers who want to access credit facilities in a safe, transparent, and efficient manner. 

However, you must note that it is very important to conduct due diligence before using any loan app and to verify that it has been approved by the CBN to avoid falling victim to fraudulent loan apps.