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Confirmed Loan Apps That Give ₦50,000 Instantly in Nigeria

Are you in urgent need of a ₦50,000 loan but tired of loan apps that only offer small amounts like ₦5,000 or ₦10,000 for first-timers? The good news is that there are several trusted loan apps in Nigeria that can credit ₦50,000 instantly to your account—even if it’s your first time applying.

While many lenders prefer to test new users with smaller amounts before increasing limits, some platforms now approve ₦50,000 loans upfront. These apps are available on Google Play Store and Apple Store, and most require only your BVN or NIN for verification.

To help you make the right choice, here’s a list of the best loan apps in Nigeria that give ₦50,000 instantly, their features, interest rates, and repayment terms.

1. EaseMoni

EaseMoni is one of the fastest loan apps that can grant you ₦50,000 instantly. It offers loans up to ₦2,000,000 and is directly integrated with OPay, which means your OPay transaction history and credit behavior can help you qualify quickly.

Loan range: ₦3,000 – ₦2,000,000
Interest rate: 5% – 10% monthly
Tenure: 91 – 365 days
No collateral required
Funds are credited directly to your bank account once approved.

2. Okash

Okash is another highly reliable loan app that offers ₦50,000 instantly to new borrowers and up to ₦2,000,000 for returning users.

Loan range: ₦3,000 – ₦2,000,000
Interest rate: 3% – 15% monthly
Tenure: 91 – 365 days
Okash is known for its speed and has a strong reputation among Nigerian borrowers.

3. Carbon

Carbon provides instant personal loans up to ₦1,000,000, with ₦50,000 available for first-time applicants depending on your credit history.

Loan range: ₦2,500 – ₦1,000,000
Interest rate: 4.5% – 30% monthly
Tenure: 61 days – 12 months
Carbon also allows you to transfer funds instantly to your bank account once approved.

4. FairMoney

FairMoney offers instant ₦50,000 loans for new users and up to ₦3,000,000 for existing customers.

Loan range: ₦5,000 – ₦3,000,000
Interest rate: 2.5% – 30% monthly
Tenure: 61 days – 18 months
It also provides additional services like bill payments and savings.

5. Renmoney

Renmoney is one of the most affordable loan providers in Nigeria with very competitive interest rates.

Loan range: ₦5,000 – ₦1,000,000
Interest rate: 2.1% – 2.65% monthly
Tenure: 3 – 12 months
Once approved, ₦50,000 is credited instantly to your bank account.

6. Kuda

Kuda, the digital bank, also offers instant loans based on your account activity.

Loan range: Up to ₦150,000
Interest rate: 0.23% – 0.8% daily
Tenure: 1 – 3 months
Loans are deposited instantly into your Kuda account.

7. Aella

Aella Microfinance Bank’s loan app provides quick loans starting from ₦2,000 to ₦50,000 for new users.

Loan range: ₦2,000 – ₦1,500,000
Interest rate: 2% – 20% monthly
Tenure: 61 – 365 days
Aella also rewards early repayment with up to 60% interest discount.

8. SnapCash

SnapCash by Sterling Bank gives instant ₦50,000 loans with simple requirements.

Loan range: ₦5,000 – ₦100,000
Interest rate: 3% – 10% monthly
Tenure: 61 – 90 days
Funds are usually credited within 5 minutes of approval.

9. QuickCheck

QuickCheck is another fast option if you want ₦50,000 credited instantly.

Loan range: ₦1,500 – ₦500,000
Interest rate: 2% – 30% monthly
Tenure: 61 – 365 days
It has one of the best user ratings on Google Play Store, known for speed and transparency.