Loan APP Reviews

Speed Loan App Review | Best Interest Rate

In today’s fast-paced world, traditional loan application processes can be time-consuming and stressful. Fortunately, technological advancements have brought forth innovative solutions to make obtaining loans quicker and more convenient. One such solution is the Speed Loan App, a digital fintech platform that revolutionizes the loan application process in Nigeria.

Therefore, we will explore the features and benefits of the Speed Loan App, provide customer care contact information, explain how to apply for a loan using the app, and much more.

Speed Loan App Review

The Speed Loan App is a comprehensive and powerful finance application designed to help individuals manage their finances effectively and achieve their financial goals. With its advanced features and user-friendly interface, this app simplifies the loan application process, making it accessible to a wide range of users. Additionally, it has over 100,000 downloads and a 4.5-star rating,which indicates that the Speed Loan App has gained popularity for its efficiency and convenience.

The app offers an intuitive design that allows users to track their spending, create budgets, and even invest in the stock market. Real-time updates and personalized insights enable users to monitor their accounts and 5/make informed financial decisions.

Speed Loan App

The Speed Loan App ensures data security through secure encryption and multi-factor authentication, providing users with peace of mind that their information is protected.

Customer Care Number

For any queries, concerns, or to report suspicious activities, Speed Loan provides a dedicated customer care team that can be reached at 086 166 6390.

Users can also reach out via email at info@speedyloans.org. The customer care team is readily available to assist customers and provide support throughout the loan application process.

How to Apply for Speed Loan

Obtaining a loan through the Speed Loan App is a simple process. Follow these steps to apply for a loan:

  • Download the Speed Loan App from your preferred app store.
  • Launch the app and select the type of loan you require.
  • Submit the necessary documents as per the app’s requirements.
  • Wait for a few minutes for the loan approval process.
  • Once approved, the loan amount will be distributed directly to your bank account.

What is the interest rate for speed loans?

This loan platform charges an interest of 5 – 10% which will increase for each day you default on your loan repayment shedule. To avoid the interest rate increase you have to pay back any loan you borrow on or before the due date.

Loan App without an ATM Card in Nigeria

Accessing loans in Nigeria has become more convenient with the emergence of loan apps that do not require an ATM card. These apps cater to the unbanked population and provide an alternative solution for obtaining loans. Here are some popular loan apps in Nigeria that do not require an ATM card:

  • Branch: A reliable fintech app offering personal loans, money transfers, savings, and bill payments with fair interest and flexible repayment periods.
  • Renmoney: A finance app that allows users to save, transfer money, purchase airtime, pay bills, and obtain instant loans without requiring an ATM card.
  • Aella Credit: A transparent loan app that offers instant loans within minutes, without the need for collateral, documentation, or an ATM card. It also offers a huge loan amount with a relatively long tenure and competitive interest rates.
  • Umba: An online lending platform providing instant loans without a debit card, guarantor, or collateral.
  • Fair money: A popular lending app in Nigeria that offers loans without the need for an ATM card, collateral, or documentation.
  • Quick Credit: An online lending platform owned by GT Bank that offers instant loans without requiring an ATM card.
  • Irorun: A microloan app that provides small loans without an ATM card, offering flexible loan terms and an easy application process.
  • QuickCheck: A widely used loan app that offers quick cash loans without the need for collateral, documentation, or a guarantor. On the app, you can get access to instant loans worth up to 1 million Naira. It also offers flexible payment terms that let you pay gradually for up to 1 year period.
  • Okash: A popular lending app that provides personal loans within minutes, without requiring an ATM card or collateral. Okash loans come with fair interest rates, as well as a long tenor. The repayment method is also flexible allowing you to use multiple options.
  • FlexiCash (PalmPay): An online banking app that allows users to obtain instant loans without a debit card, based on their credit score. The more you borrow and pay back, the higher your subsequent loan limit.

Loan App without BVN

In addition to not requiring an ATM card, some loan apps in Nigeria also provide loans without the need for a BVN (Bank Verification Number). Here are a few loan apps that offer this convenience:

  • FairMoney Loan App
  • JumiaOne Loan App
  • Carbon (Paylater) Loan App
  • OKash Loan App
  • Aella Credit Loan App
  • PalmpayPalmCredit
  • Loan App
  • Quickteller App
  • Eyowo Loan App
  • CarrotPay App


Loan apps in Nigeria are serving as a vital solution for individuals and small businesses who lack access to traditional banking channels. They offer a convenient and user-friendly interface, presenting Nigerians with a fast and hassle-free method to obtain loans. By simply using their smartphones, users can effortlessly apply for and receive loans, even if they do not possess an ATM card. From the extensive list of loan apps mentioned in this post, you can confidently identify the best loan app in Nigeria that suits your needs.

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