5 Best Low Interest Loans Apps for Africans
Here are the best Low Interest Loans Apps that offer instant loans to their users in less than 24 hours.
In our day to day lives me may come to a point in our financial lives where we may need a little bit of financial help or assistance.
Loans can make our lives a bit easy as it can help to relieve any financial problem, burden or stress we could be facing.
We may need a loan to help finance your education, business or our general lifestyle needs.
The idea of getting a loan sounds easy but what makes it difficult is whether the loan you are applying for is affordable enough to make the repayment easier on our pockets.
One of the worst things that can happen with going for a loan is one’s inability to pay it back.
One of the main reasons why people are not able to also pay back their loans or the debt can be associated with the high interest rate of the loan.
For this reason we people who are in search of a loan always try to look out for the ones that come with a reasonably lower interest rate.
Below are some Low Interest Loans Apps that will provide you with easy to get and affordable loans.
Fido Money Lending is one of the big names in the fintech industry that can provide you with very easy to get loans that have low interest as well.
You can start using the app by simply downloading it from the google play store
You can easily apply for a loan at your convenience and it doesn’t require you to be physically present to apply for a loan
You will also receive your loan within a few minutes after applying for it
Their loans have low interest and do not require you to submit any form of collateral and they do not come with any hidden cost when you are paying it back.
The app has had over a million downloads since its released in 2014
And it has a 4.1 star rating.
The app is however only available to people who live in Ghana.
Low Interest Loans Apps: Fair Money Instant loan app
This Fair money instant loan app is also one of the finance apps that can be downloaded onto smartphones in order to have access to instant loans
The Fair money instant loan app promises to provide instant loans to its clients without any need of a collateral or a guarantor.
The Fair money instant loan app promises to provide a very quick or instant loan in as little as 5 minutes.
You can apply for their loans if you are in need of immediate financial assistance in the form of a loan to fund your business or your personal expenses.
You can also use the fair money instant loan app to pay for your bills directly.
One amazing feature about the Fair money instant loan app is that they have an amazing referral system them enables its users to refer their friend and family and earn money in return.
The app has had over one million downloads since it release in 2018 and it has a 4.1 star rating as well
The fair money instant loan app is however only available for people living in Nigeria.
Low Interest Loans Apps: Eazzy Loans
The Eazzy loans app is also one of the fintech apps that can provide their users wi5h instant loans.
They provide loans that come with very low and reasonable low interests.
Users can begin to enjoy the benefits of this loan app by downloading it and signing up with their correct details.
User are assured of getting loans with low interests and very flexible payment options.
Their payment options are so flexible that users can even apply for an extension of their instils repayment date.
The app has had over one hundred thousand downloads since its release in December 2019.
The Eazzy Loans app has also go a 4.1 star rating as well.
Low Interest Loans Apps: Lendy Loans
The lendy loans app Is also one of the Low Interest Loans Apps that would provide Their users with easy and affordable loans.
With this App, users can be assured of receiving loans at their own convenience without having to go out for it.
The loans are sent straight to the users m-peas accounts.
The app comes with a very flexible way or terms of repayment.
Users can simply download the lendy loans app on their smartphones, sign up, verify their identity and they can immediately begin to apply for loans.
The app has had over ten thousand downloads since it was released in February 2020 and it has had a 3.9 start rating so far.
Low Interest Loans Apps: Quick Loan app
The Quick Loan app is also one of the best Low Interest Loans Apps for your instant loans.
Users can receive their instant loans from the Quick Loan app right into their m-peas account.
Just like all financial institutions that offer loans they require their users or customers to have a good credit score before they are approved to receive their requested instant loans.
The Quick Loan app also offers their users with very flexible loan repayment terms.
The app however has a 3.8 star rating and has had over ten thousand downloads since it was released in September 2019.
These are some of these Low Interest Loans apps that will provide you with loans that have low interests and have very flexible terms of repayment.