List of 173 Loan Apps Approved by CBN (2023)

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List of Loan Apps Approved by CBN: Ever wondered which loan apps in Nigeria have the golden seal of approval from the top financial authority?

Dive in as we unravel the intricate world of digital loans and why that CBN stamp of approval is your passport to a safer borrowing journey.

List of Loan Apps Approved by CBN in 2023

List of Loan Apps Approved by CBN

Here’s the golden list of CBN approved loan apps in 2023:

  1. TRADE LENDA COM LIMITED
  2. ROCK FINANCIALS LIMITED
  3. RED HARBOR FINTECH LIMITED
  4. HOMETOWN FINTECH LIMITED
  5. BLUE RIDGE MICROFINANCE BANK LIMITED
  6. PROVEST LIMITED
  7. CREDIT TECH LENDING COMPANY
  8. PHOENIX PAYMENT SOLUTION LIMITED
  9. WINDVILLE FINANCIAL NIGERIA LIMITED
  10. ORCOM AND ORCOM BUSSINESS SUPPORT LIMITED
  11. PENAID LIMITED
  12. RENMONEY MICROFINANCE BANK LIMITED
  13. DOVER CREDIT LIMITED
  14. MAYWOOD LENDING LIMITED
  15. VALUE DRIVER TECHNOLOGY SOLUTION LIMITED
  16. ROCKIT LENDERS NIGERIA LIMITED
  17. AFROFIRST MOBILE AND TECHNOLOGY COMPANY LIMITED
  18. CROSSROADS E-PAYMENT SYSTEMS LIMITED
  19. NEO-LINK TECHNOLOGY COMPANY LIMITED
  20. AFROWIDE DEVELOPMENT LTD
  21. LANTANA TECHNOLOGY LIMITED
  22. TRADE DEPOT
  23. FLO WOOD LENDING
  24. LINKPARK TECHNOLOGY NIGERIA LIMITED
  25. NEW CREDAGE NIGERIA LIMITED
  26. EASYCHECK FINANCE INVESTMENT LIMITED
  27. SWIPEBILL TECHNOLOGIES NIGERIA LIMITED
  28. ORANGE LOAN & PURPLE CREDIT LIMITED
  29. POCKFUL FINANCE LIMITED
  30. FAIRMONEY MICRO FINANCE BANK
  31. KEENEST TECH SERVICE LIMITED
  32. BESTFIN NIGERIA LIMITED
  33. PIVO TECHNOLOGY LIMITED
  34. BLACKCOPPER SERVICE LIMITED
  35. A1 CAPITAL SOLUTION LIMITED
  36. FLUNA CAPITAL LIMITED
  37. RED PLANET NIGERIA LIMITED
  38. P2VEST TECHNOLOGY LIMITED
  39. NEXTPAYDAY LIMITED
  40. CREDITWAVE FINANCE LIMITED
  41. PAY FINANCIAL TECHNOLOGY SERVICE LIMITED
  42. TAJOW INVESTMENT
  43. RUBYSTAR GLOBAL LIMITED
  44. SYCAMORE INTEGRATED SOLUTIONS LIMITED
  45. XGO FINANCE LIMITED
  46. KEOWOPE CAPITAL LIMITED
  47. RANK CAPITAL LIMITED
  48. GIASUN TECHNOLOGY NIGERIA LIMITED
  49. BRANCH INTERNATIONAL FINANCIAL SERVICES LIMITED
  50. HOLLANDALE NIGERIA LIMITED
  51. MIM FINANCE COMPANY
  52. IRORUN TECHNOLOGIES LIMITED
  53. OXYMON SOLUTION LIMITED
  54. SKITLOAN NIGERIA LIMITED
  55. BETTERLENDING COMPANY LIMITED
  56. APPLINK CAPITAL NIGERIA LIMITED
  57. ARVE LIMITED
  58. PAPICHOU TECHNOLOGY LIMITED
  59. LIBERTY ASSURED LIMITED
  60. PRIMERA MICROFINANCE BANK
  61. AELLA FINANCIAL SOLUTIONS LIMITED
  62. FAST-POINT INTEGRATED LIMITED
  63. NEWEDGE FINANCE LIMITED
  64. TRAFALGAR ASSOCIATE LIMITED
  65. SUPREME HELP COOPERATIVE SOCIETY LIMITED
  66. JUNK MERCHANT
  67. GROLATECH CREDIT LIMITED
  68. MANGNET LENDING LIMITED
  69. PRINCEP CREDIT SYSTEM LIMITED
  70. BERLY SPRING GLOBAL LIMITED
  71. CSENSE LIMITED
  72. FUBRI CENTURY COMPANY LIMITED
  73. QUARK FINANCIAL NIGERIA LIMITED
  74. MAVEN FINANCE LIMITED
  75. RACEOVA NIG. LIMITED
  76. PAYCREDIT LIMITED
  77. MINO SPARKS LIMITED
  78. PISKA TECH NIGERIA LIMITED
  79. NIZ SERVICES LIMITED
  80. EDMOND SOLUTIONS COMPANY LIMITED
  81. FINTCRED INNOVATION LIMITED
  82. REGXTA GLOBAL SERVICE LTD
  83. CARBON MICROFINANCE BANK LIMITED
  84. UNI TECHNOLOGY NIGERIA LTD
  85. YES CREDIT COMPANY LIMITED
  86. AFROSAY FINTECH LIMITED
  87. OMALEND SERVICE LIMITED
  88. YEGON TECH LIMITED
  89. MENACRED COMPANY LIMITED
  90. LETSHEGO MICROFINANCE BANK LTD
  91. CREDITVILLE MICROFINANCE BANK LTD
  92. SINGULARITY TECHNOLOGY NIGERIA LTD
  93. UCPLUS ADVANCE LIMITED
  94. GO HARVEST INTERNATIONAL LIMITED
  95. FINESEST LIMITED
  96. ALTRACRED FINANCE INVESTMENT LIMITED
  97. VEENDHQ LIMITED
  98. FEZOTECH NIGERIA LIMITED
  99. ECON MART FINTECH LIMITED
  100. TED ROCKET LIMITED
  101. CROSSROADS E-PAYMENT SYSTEMS LIMITED
  102. BE RESOURCES LIMITED
  103. PENNEE TECHNOLOGIES LIMITED
  104. LENDVISERY SERVICES LIMITED
  105. JM RUBINUS LIMITED
  106. RAGEKAY GLOBAL INVESTMENT LIMITED
  107. CONSYNERGY LIMITED
  108. APEX LENDING LIMITED
  109. IBS GOLDEN INVESTMENT COMPANY LIMITED
  110. HIGH CREDIT NIGERIA LIMITED
  111. PAYLATER HUB LIMITED
  112. OTP INTERNET TECHNOLOGY LIMITED
  113. PAYHIPPO LIMITED
  114. MOBLASPAY COMPANY LIMITED
  115. CREVANCE CREDIT LIMITED
  116. FINNEW FINTECH LIMITED

Related: Loan Apps without BVN in Nigeria

Loan Apps with Conditional Approval from CBN

Conditional doesn’t mean bad. It just means these apps have some more boxes to tick. However, always tread with caution:

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

Check Out: Loan Apps without ATM Card in Nigeria

Understanding the Role of CBN in the Financial Ecosystem

The Central Bank of Nigeria isn’t just any bank. It’s the heart pumping life into our financial ecosystem.

Ensuring fairness, transparency, and overall economic stability, CBN plays a pivotal role, especially when the worlds of tech and finance collide.

In the burgeoning landscape of fintech, with numerous loan apps popping up, CBN’s watchful eyes ensure that Nigerians get only the best, safe, and fair services.

Why CBN Approval Matters for Loan Apps

The digital world is a double-edged sword. While convenience is at our fingertips, so are scams and frauds. Here’s where the CBN steps in:

  • Protection from the Unknown: The approval ensures you’re not diving into a scam.
  • Regulated Frameworks: You’re banking on apps that adhere to established guidelines.
  • Boosted Confidence: Using a loan app approved by CBN means you’re on the right track.

Benefits of Using CBN-Approved Apps

Navigating the vast sea of loan apps can be daunting. However, zeroing in on those stamped with CBN’s approval can drastically change your borrowing experience. Here’s why:

Guaranteed Safety

With cyber threats on the rise, using a loan app approved by CBN ensures that your personal and financial information is in secure hands.

These apps adhere to strict cybersecurity standards to protect user data.

Transparent Terms and Conditions

No hidden fees, no vague terms. Every detail, from interest rates to repayment timelines, is laid out clearly.

This transparency means you won’t encounter unexpected costs or conditions.

Competitive Interest Rates

CBN-approved apps operate within the regulatory interest rate caps set by the apex bank.

This ensures that you’re not charged exorbitant rates and can access loans at competitive pricing.

Consistent Regulations

These apps abide by the guidelines set by CBN, which are in place to protect borrowers.

Whether it’s loan disbursement, collection practices, or grievance redressal, these apps maintain a consistent, regulated approach.

Boosted Credit Score

Regularly borrowing and repaying loans on time with a recognized, CBN-approved platform can help in improving your credit score.

With most of these apps collaborating with credit bureaus, your good repayment behavior can be beneficial for future financial dealings.

Efficient Customer Service

Facing issues or have queries? CBN-approved apps prioritize customer satisfaction. You can expect swift, effective, and courteous responses from their customer support teams.

Hassle-Free Application Process

Say goodbye to lengthy paperwork or long waiting times. The digital-first approach of these apps ensures a streamlined application process, quick verification, and faster loan disbursements.

Convenient Repayment Options

From bank transfers to mobile wallets, these apps offer multiple repayment channels, making it easy for borrowers to settle their dues on time.

Financial Education

Many CBN-approved apps don’t just stop at lending money. They often provide users with financial education resources, tips, and advice to help them make informed decisions and better manage their finances.

Building Trust

Knowing that an app is under the regulatory supervision of the country’s apex bank builds a trust factor.

Borrowers can be more confident and assured in their interactions with the app, knowing it has passed stringent checks.

Read Also: Zedvance Loan USSD Code

How to Spot and Avoid Unapproved Loan Apps

Keep an eye out for over-promising terms, hidden fees, or dubious permissions.

Always lean towards the list of loan apps approved by the federal government for assured safety.

By choosing a loan app approved by government, you’re playing your part in a broader movement, paving the way for a financially inclusive Nigeria.

Check Out: List of Fake Loan Apps in Nigeria

How to Report Dubious Loan App Practices

Encountered a red flag? Report straight to the CBN at cpd@cbn.gov.ng.

Loan Apps that are Approved By the CBN – FAQs

What is the CBN?

The Central Bank of Nigeria, our apex financial institution.

Why is the CBN involved with loan apps? 

To ensure the financial safety and fairness for all Nigerians.

How many loan apps have approval?

There are 173 loan apps approved in Nigeria by the CBN, ensuring a wide variety for users.

Conclusion

In a world filled with options, the list of loan apps approved by CBN serves as a beacon of trust.

Whether you’re choosing from the list of online loan apps approved by CBN or those endorsed by the FG, knowledge is your best defense.

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