Borrowing tool
What can you actually borrow in Nigeria?
Tell us your income, how much you need, and over how many months — we match against every CBN-licensed loan app we track and show what each would charge you. No paperwork; no email capture.
What each lender would charge
Sorted by total repayable, cheapest first. Numbers are estimates based on each lender's published monthly rate × your term.
Branch
Likely qualifiesLimit grows after each on-time repayment.
- Approved amount
- ₦150,000
- Monthly repayment
- ₦29,500
- Total repayable
- ₦177,000
- Effective APR
- 36.0%
Carbon
Likely qualifiesCredit-score-aware; rate drops with on-time history.
- Approved amount
- ₦225,000
- Monthly repayment
- ₦42,450
- Total repayable
- ₦254,700
- Effective APR
- 26.4%
FairMoney
Likely qualifiesCBN-licensed MFB. Salary-earners only for the higher tiers.
- Approved amount
- ₦225,000
- Monthly repayment
- ₦43,125
- Total repayable
- ₦258,750
- Effective APR
- 30.0%
Renmoney
Likely qualifiesLargest amount + longest tenor. Salary verification required.
- Approved amount
- ₦500,000
- Monthly repayment
- ₦96,833
- Total repayable
- ₦581,000
- Effective APR
- 32.4%
How this works
Each Nigerian loan app publishes (or quietly discloses) its monthly interest rate range and the income multiple it'll lend. We approximate their underwriting: max loan = monthly net income × multiple, then compute the total repayable at the lender's typical APR for your term. Output is an estimate — actual approval depends on credit history, BVN signals, and the lender's risk model.
We only surface CBN-licensed Nigerian lenders. The full FCCPC blacklist of banned predatory apps is at /loan-apps/blacklisted.