Borrowing money via an app may feel fast and easy. But in Nigeria, not every “loan app” is safe or legal. Fortunately, a number of loan-apps are officially registered and approved by the government. In this guide, we will show you how to research these apps, list some of the legitimate ones, explain how they become registered, and teach you how to borrow responsibly so your credit and future stay strong.
What “registered” means for Loan Apps
When a loan-app is registered in Nigeria, it means it meets rules set by regulators like the Federal Competition and Consumer Protection Commission (FCCPC) and sometimes the Central Bank of Nigeria (CBN). punchng.com+1. According to recent regulatory reporting, the Federal Competition and Consumer Protection Commission (FCCPC) has approved approximately 434 digital-lending companies for full approval in Nigeria.
Due to the extensive nature of this list (437 fully approved companies) we have highlighted some key companies with their verified app names from the official FCCPC website:
Popular & Well-Known Apps
| Company Name | App Name(s) |
| CARBON MICROFINANCE BANK LIMITED | Carbon |
| FAIRMONEY MICRO FINANCE BANK | FairMoney |
| BRANCH INTERNATIONAL FINANCIAL SERVICES LIMITED | Branch Mobile |
| RENMONEY MICROFINANCE BANK LIMITED | Renmoney Instant Cash Loan |
| BLUE RIDGE MICROFINANCE BANK LIMITED | OKash, Easemoni |
| AELLA FINANCIAL SOLUTIONS LIMITED | Aella |
| GROLATECH CREDIT LIMITED | LionCash, LairaPlus, LCash, CashLion, TrueNaira, CayCredit, NairaPlus, CranCash |
| SYCAMORE INTEGRATED SOLUTIONS LIMITED | Sycamore |
| CREDITVILLE MICROFINANCE BANK LIMITED | Creditville |
| LETSHEGO MICROFINANCE BANK LIMITED | LetsGo |
| PRIMERA MICROFINANCE BANK | Koins by Primera |
Companies Operating Multiple Apps
| Company Name | App Name(s) |
| ACETECH FINANCE LIMITED | Kashout, FlashCredit, FlashAlart, SwiftCredit, RapidLoans, AceCredit, AceLoan, RapidAlart |
| KEENEST TECH SERVICE LIMITED | KashPal, MiniCredit, NairaNow, MoreCash |
| APPLINK CAPITAL NIGERIA LIMITED | HiKash, PapKash, NewCash, AliKash, DohCash, YohCash |
| FEZOTECH NIGERIA LIMITED | TakiCredit, VoiceMoney, TradeCredit, PonyCash, WayaCredit |
| GIASUN TECHNOLOGY NIGERIA LIMITED | TLoan, NiceNaira, TCredit, PalmCash, EaseMoney, GreenCredit |
| HOLLANDALE NIGERIA LIMITED | Tiger Credit, KKCash, ZCash, EasyKash |
| PAPICHOU TECHNOLOGY LIMITED | EasyFund, RoyalCredit, NiceCredit, IK Credit, Warm Lending |
| RUBYSTAR GLOBAL LIMITED | LoanNaira, AjeLoan, Boost Lending, Aje Homes |
| WINDVILLE FINANCIAL NIGERIA LIMITED | ProCash, QCash, My Cash, HCash |
| QUARK FINANCIAL NIGERIA LIMITED | CashPaddie, 9Money, PayNaira, GboBloan, OneMoney, Frimoni |
| MAYWOOD LENDING LIMITED | Top Credit, Hi Credit, Best Cash |
| EASYCHECK FINANCE INVESTMENT LIMITED | LuckyLoan, OneCash, RiteCash, FlyCash, OmegaLoan |
| CASTILLO CREDIT LIMITED | HappyLoan, HappyCredit, InstantLoan, FirstLoan, FirstCredit |
| MINICLOUD SOLUTION LIMITED | NiceKash, MaxMoni, TrustNaira, YesLoan, BoomCash |
Full List of Approved Companies
For the complete list of all 437 fully approved companies with their app names, please visit the official FCCPC website at: https://fccpc.gov.ng/registration-of-digital-money-lenders
CONDITIONAL APPROVAL (42 Companies)
| Company Name | App Name(s) |
| COMPETENCE ASSET MANAGEMENT LIMITED | Edike |
| LIFESTALIA LIMITED | Lifes Talia |
| KIAKIA BITS LIMITED | Kiakia P2P |
| RETAIL BOOSTERS LIMITED | Retail Boosters |
| LIDYA GLOBAL LIMITED | Lidya Web |
| ZIPPY CAPITAL LIMITED | Zippy |
| FEDHA LIMITED | Dole |
| TRIPODBASE LIMITED | Tasere Loan |
| THE PLATFORM DIGITAL NETWORK LIMITED | Growly |
| OLIVERMEAD INVESTMENT LIMITED | Avro |
| HELPPO AFRICA LIMITED | Helppo |
| NODENS NIGERIA LIMITED | NodCredit |
| SOKO LENDING LIMITED | Soko Loan, 9ja Cash, Get Cash, Fast Money, Go Cash |
| LENDING EDGE LIMITED | Lending, YouthCorper |
| ROCKSHIELD MICROFINANCE | Rockshield Digital Saving |
| LENDHA TECHNOLOGIES LIMITED | Lendha.com |
| OWOAFARA FINTECH SERVICE | Owoafara.com |
| KWABA INTERNATIONAL LIMITED | Kwaba |
| ZENNAL INTERNATIONAL LIMITED | MyZennal.com |
| WHITE HORSE NIGERIA LIMITED | CreditMoney |
| FOX LENDING LIMITED | LoanMate |
| FEWCHORE FINANCE COMPANY LIMITED | Fewchore Pay |
| LUCRED TECHNOLOGY LIMITED | Lucred |
| REXCREDIT LIMITED | RexAfrica |
| CREDITPRO BUSINESS SUPPORT SERVICES LIMITED | Loan247 (Paylist) |
| ALTARA CREDIT LIMITED | Altara |
| PEBBLE FINANCIAL TECHNOLOGIES LIMITED | PebbleCred |
| EATON HILL INVESTMENT LIMITED | Vendor Credit |
| RIVERBANK PARTNERS LIMITED | RiverMoney |
| RIVERBRAND TECHNOLOGY LIMITED | RiverBrand |
| FINPADI TECHNOLOGIES LIMITED | Finpadi |
| RETAIL BOOSTER LIMITED | Retail Boosters |
| TOPMOST FINTECH LIMITED | Okilo Loan, Flame Loan, Poppokket, Loan Part |
| GRIT-TECH LIMITED | Grit-Tech Loan |
| PRIME AVIS INVESTMENT SERVICES LIMITED | Lenda, Prime Pay |
| X3 LEASING LIMITED | Xero Accounting, Finratus |
| AIBANC TECHNOLOGIES LIMITED | Aibanc Mobile |
| LEADSTACK LIMITED | Leadstack |
| DEVTAGE FINANCIAL SERVICES LIMITED | Devtage |
| SOLIDFIN TECHNOLOGY LIMITED | CashMart |
| HEAT FINANCE AND INVESTMENTS | HeatMoney.com, HeatFinancial.com |
| AFRICOINSPHERE TECHNOLOGIES LIMITED | OkCoin |
CBN LICENSED COMPANIES (Waivers – 22 Companies)
These companies are licensed by the Central Bank of Nigeria (CBN):
| Company Name | App Name(s) |
| FASTCREDIT LIMITED | N/A |
| GREENBOND FINANCE COMPANY LIMITED | N/A |
| BAINES MICROFINANCE BANK LIMITED | N/A |
| EKONDO MICROFINANCE BANK LIMITED | EK-Pay |
| ACCION MICROFINANCE BANK LTD | N/A |
| PALMPAY LIMITED | PalmPay, PalmPay Agent, PalmPay Business |
| NEWEDGE FINANCE LIMITED | Easy Buy, XCross Cash, PalmCredit, NewCredit, XCash |
| SHEPHERD TRUST MICROFINANCE BANK | Neo Cash |
| FIRMUS MICROFINANCE BANK LIMITED | Firmus Mobile |
| CASHBRIDGE DIGITAL LIMITED | N/A |
| STEP BY STEP MICROFINANCE BANK LIMITED | KashPit, MoniFix, DoveKash, AwoofKash, FreshMoni |
| CORESTEP MICROFINANCE BANK LIMITED | CoreBank Mobile, CoreBank Business |
| OXYGEN X FINANCE COMPANY LIMITED | Oxygen X Mobile, Oxygen X Web |
| ISHIAGU MICROFINANCE BANK LIMITED | AidaCredit, AidaMoni |
| BLOOMS MICROFINANCE BANK LIMITED | Pal Loan |
| FLEXI MICROFINANCE COMPANY LIMITED | FlexiBank, FlexiCredit, FlexiMFB |
| TRUSTBANC J6 MICROFINANCE BANK | TrustBanc Prime, Internet Banking |
| ZEDVANCE FINANCE LIMITED | Zedvance Business, Zedvance |
| GTI MICROFINANCE BANK LTD | Saha |
| STERLING BANK LTD | Specta Mobile |
| MADOBI MICROFINANCE BANK LIMITED | IUBank, www.MadobiMFB.ng |
| CREDINOVA MICROFINANCE LIMITED | CashNova, CrediNaija |
IMPORTANT WARNINGS
Apps on FCCPC Watchlist (103 Apps to Avoid)
Warning: These loan apps are currently under investigation by the FCCPC for possible violations such as privacy breaches, harassment, or unlicensed operations.
Avoid borrowing from them until they are cleared by the FCCPC.
| Apps on Watchlist | Important Warning |
|---|---|
| CashLawn, EasyNaira, Crediting, Yoyi | Avoid — operating without full FCCPC approval |
| Nut Loan, CashPal, NairaEasy Gist Loan, CamelLoan | Under investigation for privacy and harassment complaints |
| MoneyTreeFinance, CashMe, CreditBox, CashMama | Possible misuse of user data and threats during recovery |
| Crimson Credit, Galaxy Credit, XCredit, iMoney | Reported for unlicensed digital lending |
| Naira Naija, iMoneyPlus, NairaNaija-Instant, NowNowMoney | Do not install — fake or clone versions of legit apps |
| Naija Cash, GetLoan, Joy Cash, LuckyLoan Personal Loan (Niz Services) | Reported for violating FCCPC lending rules |
| Hen Credit Loan (Orange Loan), Cash Door, EagleCash, Ragle Cash | Invasive loan recovery and blackmail reports |
| Quick Naira, Mega Credit, Cash Bus, Quick Loan | Misleading terms and hidden interest rates |
| Cash Loan Market, Cash Cow, Cash Loan Rupee, Loan Supermarket | Flagged for illegal collection practices |
| Money Loan, Money Estate, Quickly, Liberty Loan | Non-transparent data use and predatory interest |
| JoyCash, Quick Credit, Swift Cash, Bee Cash | Suspicious ownership and unverifiable operations |
| Super Loan, Swift Kash, Cash Mama, Spark | Duplicate/clone apps imitating registered lenders |
| FirstNell, FlyPay, Spark Credit, SoftNaira | Removed pending FCCPC investigation |
| CashDey, NairaLoans, SwiftCash, YMoney SomeMoney | Unsafe for use — data and privacy breaches reported |
| AimLoan, HenCredit Loan, EaseLoan, CashLoan | Unlicensed and unsafe lending platforms |
| FineKudi, KudiCash, LoanMe, Naira9ja | Misleading app names to mimic approved lenders |
| 9jaCash, NNMoney, ZMoney, NairaLand | Illegal digital money lending activity |
| Mama Credit Loan, Nigeria Loan, Daily Loan, EasyCash | Unauthorized operators using false company details |
| CashDoor, MegaLoan, LinkLoan, FairKash Loan | Currently blacklisted by FCCPC pending case outcomes |
| LinkCredit, EarlyCash, CreditWallet, Credit Pro | Not officially verified by FCCPC |
| SomeMoney, Quick Cash, DeLoan, Anytime Credit | Unknown data practices; flagged by consumer reports |
| SuMoney, DetLoan, Cash Money, Rosabon Finance Services | Unverified or impersonating known financial brands |
| Cash Express, PeakLori, Hive Loan, Orange Loan | Removed due to repeated consumer complaints |
| Cash Farm, An Credit, Altara | FCCPC flagged for unlicensed lending operations |
🚫 Delisted Apps (47 Apps — Permanently Banned)
Warning: These apps have been permanently banned and delisted by the FCCPC.
They are no longer authorized to offer digital lending services in Nigeria.
| Delisted Loan Apps | Important Warning |
|---|---|
| WeCredit, Hen Credit Loan, Cash Door, Joy Cash | Permanently banned for harassment and blackmail |
| EagleCash, LuckyLoan Personal Loan, GetLoan, EaseLoan | Removed from all platforms by FCCPC order |
| Naira Naija, CashLawn, EasyNaira, Crediting | Data privacy breaches and unlicensed operations |
| Yoyi, Nut Loan, CashPal, NairaEasy Gist Loan | Associated with illegal digital lending networks |
| CamelLoan, MoneyTreeFinance, CashMe, SecuCash | Delisted due to false registration details |
| CreditBox, CashMama, Crimson Credit, Galaxy Credit | Fake or cloned versions of legitimate lenders |
| Ease Cash, XCredit, iMoney (by Elsner Technology), NairaNaija-Instant | Repeated privacy violations and fraudulent practices |
| NowNowMoney, Naija Cash, Eagle Cash, FirstNell | Removed for abusive recovery and identity theft |
| FlyPay, Spark Credit, SoftNaira, CashDey | Delisted for unauthorized lending and data leaks |
| NairaLoans-Loans, SwiftCash, NaiaraLand, Mama Credit Loan | Permanently blacklisted by FCCPC |
| Nigeria Loan, Loan 300,000 Naira in CranCash, LinkLoan, FairKash Loan | Illegal lending activities and multiple user complaints |
| Apex Lending | Deregistered — not licensed to operate in Nigeria |
How to Verify a Loan App
- Visit the official FCCPC website: https://fccpc.gov.ng
- Check the registration page: https://fccpc.gov.ng/registration-of-digital-money-lenders
- Ensure the app appears in the “Full Approval” or “Conditional Approval” sections
- Avoid any apps on the Watchlist or Delisted sections
- Report suspicious apps to FCCPC
Disclaimer: This information is based on the official FCCPC website as of November 2025. Always verify directly with FCCPC before using any loan app, as the list is updated regularly.
How to research loan apps before borrowing
- Check regulatory approval: Visit FCCPC or CBN websites to confirm the app is listed.
- Read reviews & user feedback: Are users complaining about hidden fees or harassment?
- Inspect terms & interest rates: Is the cost clearly shown? Too good to be true might be risky.
- Consider data permission: If the app asks to access all your contacts/photos, be cautious.
- Borrow only what you need: Even registered apps can result in debt if misused.
How to borrow responsibly
Borrowing isn’t bad but how you borrow matters. Use these steps:
- Set a clear purpose for borrowing.
- Choose an app that is registered.
- Check the repayment schedule and ensure you can meet it.
- Avoid borrowing additional loans to repay existing loans.
- Monitor your credit-report via services like PebbleScore and fix any errors or unauthorized loans. Silicon Africa
Why your credit report matters
Your credit score shows how lenders see you. Unpaid or mis-reported loans harm your score. If you borrow from unregistered apps or borrow irresponsibly, your credit report may suffer. By using PebbleScore to access and understand your credit report, you protect your financial future.
Final thoughts
Choosing a loan app is a serious decision. A registered loan app gives you better protection. A responsible borrowing habit keeps your credit healthy. Start with research. Borrow with purpose. And use tools like PebbleScore to monitor your credit journey.