Naira9ja Loan App Review: secure lending platform in Nigeria

Naira9ja loan app is a Nigerian lending service that offers you a simple and convenient way to borrow money online without collateral or documentation. The smartphone app allows users to borrow up to ₦100,000 unsecured.

An unsecured loan is a type of loan that does not require collateral or downpayment to obtain. It is usually short-term with very high interest rates. Do not take this type of loan to fund your lifestyle, only use it for emergencies.

If you are concerned about loan apps that call their customers’ contact to defame them, then this app might be for you. Naira9ja is professional, has considerate staff that does not defame customers even when they default. You can always speak to the customer service to ask for time extension if you fear you might come short on repaying your loan.

As students and young people, you’ll always find yourself in need of quick cash. But you shouldn’t develop a habit of relying on this online loan apps for money always. Do not borrow to fund your lifestyle. Short-term loans are helpful in emergencies but can quite expensive when compared to long-term loans and should be used with care.

Naira9ja makes getting a personal loan simple by using the data on your phone including your information to verify your identity and create a credit score.

Getting a loan in Nigeria through the banks and other official sources can be time consuming and requires documentation like collateral which most people don’t have. Which is why services like this can be very useful especially during emergency.

The app has so far gained over 100k downloads on Google play store with mixed reviews. It uses a loan software to collect prospective customers information including phone records, banking transaction alerts, BVN to build the credit score of each borrower.

To qualify for higher amounts, be sure to keep good bank transaction messages on your phone and do not have outstanding debts with other loan apps!

How to Download APK and get a loan from naira9ja app

  • Download the Naira9ja personal Loan App exclusively available on the Google Playstore and install on your Android phone.
  • Register an account with your phone number.
  • Preferably the phone number connected to your BVN as a one time password will be sent to it for verification.
  • Fill in your basic Know-your-customer KYC information, including your residential address, next of kin and employment details
  • You will also be required to provide your Biometric verification number BVN.
  • You’ll be charged N30 to bind your ATM card to your account to increase your chances and get a higher loan amount.
  • A one-time password OTP will be sent to your phone to confirm your details.
  • After the submission of your loan application, the software will analyze your credit score and the final result will be shown in the APP.
  • The result should be displayed in less than two minutes and if you qualify for a loan, the loan amount will be disbursed into the bank account directly.
  • Make sure you’re using a good phone with enough memory space as you will be required to take a clear live selfie for identity.
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Note that binding your ATM card with N30 does not guarantee that you will get a loan, you still have to pass the credit score check.

The N30 charged to bind your ATM card to your account is refundable, but can take anywhere from 7 to 12 business days for the money to be refunded back to your bank account.

Your BVN is linked to your credit score, so if you have an outstanding loan with other lenders or didn’t pay other lenders as at when due, expect your application to be rejected.

Your credit score is a record of your previous borrowings, how early or late you make your payments, cash transactions going in and out of your bank account among other information.

When you download this app you have to consent to it to get access to your phone book contacts that will serve as your guarantors, SMS to see your banking transaction records, apps on your phone to see how you use other loan apps and other details it uses to build your credit score.

Is Naira9ja loan app legit or scam?

Yes, Naira9ja loan app is a legit loan app that gives micro loans to a maximum amount of N100,000 to customers, but has really high interest rates and bugs that prevents smooth registration. caution should be taken before taking any online loan. Always read other customer’s reviews before you apply for a loan in Nigeria.

You should know that these loan apps are not registered or regulated by the CBN or any government agency in Nigeria. You are responsible for the security of your transactions with them and there is no way to seek redress for poor customer service.

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Also its availability on Google play store does not make transactions performed on it secure. The play store merely provides an avenue for download, you are responsible for your own security while using loan apps in Nigeria.


  • Does not defame customers when they come short in repaying their loans unlike most loan apps operating in Nigeria.
  • Can be used by students in times of emergency
  • It’s legit, has been confirmed by admin that they actually do give loans.
  • Completely online with no collateral required.
  • High loan amount, up to 100k.


  • Takes time to disburse loans after approval, some customers take days even weeks before seeing alert.
  • Short loan duration especially for new users, starts at just 7 days.
  • Very high interest rates on small loan amounts.
  • High rejection rate.
  • The app only works on Android smartphones.

When taking loan, be mindful of the repayment plan. If you take a 60 days loan with two repayment installments, the app might attempt to auto debit you on the due date of the first installment and even charge overdue charges before the end of your 60 days tenure.

You can change your ATM card password to prevent auto debit. This app has been reported to deliberately auto debit their customers even after they have made payments via bank transfer.

Because there is no regulations in Nigeria, most of these apps are loan sharks who might threaten to send messages to your family members calling you a scammer if you default on your repayment. It is best to avoid these apps if you have other options.

If you’re being threatened or bullied by any loan shark in Nigeria, see this Facebook group where you can find support and read about the experience of others who have suffered bullying from loan apps.

What other borrowers are saying about Naira9ja

Olusesan Oluwatobi wrote, “It’s a reliable loan app and their customers service is also very good but the repayment period is short, the increment is also small and the interest is quiet on a high side. Please you help us do something about it. Thanks.’

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Abimbola Falayi wrote, “Fantastic app, tho i have issues getting a loan for the second time, but it was approved and i love the fact that you try as much as possible to check on your staffs that do send send abusive words/texts it shows how compassionate this app is.. Both parties can get along well.. Thanks.”

Paschal Tochukwu wrote,”Since i downloaded this app for two days now, it’s always network error, i can’t even bind my card, “system error” keeps appearing, nothing seems to be working. I wonder why people are giving this app 5 star rating. Poor service s. Mtchww.”

Adeyemi Damilola Emmanuel wrote, “This is one app I can recommend. Although I defaulted, the way they spoke to me took off pressure from me. God bless you guys for your patience and calm conversation. To my surprise, I was allowed to apply and within a few seconds, it was disbursed. God bless you guys once again.” Read more customers’ reviews here.

If you have repaid your loan and is yet to be cleared by the credit bureau, you can take steps to remove your BVN from the blacklist manually.

Interest rate?

Amount ranging between ₦3,000 naira to ₦500,000 naira.
Repayment between 91 days – 16 months.
Interest rate for the online loan max of 24% per annum (APR)
Interest reduction of up to 50% for recurring customers.


  • Credit ₦20,000 at an APR of 12% (per annum) with a tenure of 91 days
  • Interest of loan =₦20,000 x 12 %/ 365 x 92 = ₦598
  • Processing fee of loan =₦20,000 x 3% = ₦600
  • Total cost of the loan = ₦1198
  • Total loan amount disbursed will be credit is ₦19,400 (₦20,000 – ₦600)
  • Total loan amount to repay will be ₦20,598 (₦20,000 + ₦598)
  • Monthly repayments of ₦6,886

Note that this interest rate and loan duration is just an example, expect your actual loan and duration to be much lower, but you can improve it by paying back your loan on time and keeping a good credit record.

Naira9ja app customer service number

  • Phone: 09016462398
  • You can reach us by: [email protected] or talk to us via Whatsapp.
  • Office: Plot GA 1, Ozumba Mbadiwe Ave, Victoria Island, Lagos

Ibrahim Ismail

A passionate and highly skilled individual who has seamlessly blended the worlds of statistics, technology, and finance.


  1. George Francis testimonyfranci111: Please help update my records of my account, I cellected loan , which I have been paid, but to now the loan still the reflect on my account , pleas help me and delete the old message and update my account
    testimonyfranci111: ACC NM George Francis Account no: 4136689339
    testimonyfranci111: Phone no 08068231154

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