List of Loan Apps Approved by CBN and FCCPC (2026 Official Update)
The digital lending space in Nigeria has undergone a massive "cleanup." As of 2026, the Federal Competition and Consumer Protection Commission (FCCPC) and the Central Bank of Nigeria (CBN) have authorized over 430 digital money lenders to operate.
Using an unapproved app is the fastest way to experience harassment, data privacy violations, and predatory interest rates. This guide provides the official list of licensed platforms to ensure your financial safety.
The Different Categories of Approved Lenders
In 2026, lenders are grouped into four regulatory categories. Understanding these helps you know who you are dealing with:
Full Approval: These apps have met every technical, legal, and ethical requirement set by the FCCPC.
Conditional Approval: These are "on probation." They are legal to use but are still completing final documentation.
CBN Waiver: These are apps owned by licensed Microfinance Banks (MFBs). They are regulated directly by the CBN and are considered the most "stable."
Watchlist: These apps are currently under investigation. Avoid these.
Verified List: Top Approved Loan Apps in Nigeria (2026)
Below is a scannable list of the most popular, fully-licensed digital lenders. For a complete list of all 434+ companies, you can visit the Official FCCPC Portal.
Category A: CBN-Licensed Microfinance Apps (Highest Trust)
These apps operate under a full MFB license from the Central Bank of Nigeria.
FairMoney MFB (FairMoney)
Carbon MFB (Carbon/Paylater)
Renmoney MFB (Renmoney)
Kuda MFB (Kuda Bank)
Lapo MFB (Lapo Mobile)
VFD Microfinance Bank (V Bank)
Creditville MFB (Creditville)
Category B: FCCPC Fully Approved Lenders
These are specialized "Digital Money Lenders" (DMLs) with full operational clearance.
Newedge Finance Limited (Palmcredit, Newcredit)
Branch International (Branch)
Blue Ridge Microfinance Bank (OKash, EaseMoni)
QuickCheck (QuickCheck)
Aella Financial Solutions (Aella Credit)
Migo Money (Migo)
Umba (Umba)
Zenith Bank (Z-Money)
Wema Bank (ALAT)
| App Name | Regulatory Status | Primary Regulator | Safe for Use? |
|---|---|---|---|
| FairMoney | Fully Approved | CBN & FCCPC | ✅ Yes |
| Palmcredit | Fully Approved | FCCPC | ✅ Yes |
| OKash | Fully Approved | FCCPC | ✅ Yes |
| Lendme | Conditional | FCCPC | ⚠️ Caution |
| NairaCash | Watchlisted | FCCPC | ❌ No |
How to Verify a Loan App Yourself
If you find a new app on the Play Store, use this 2026 Safety Check:
Check the Developer Name: Does it match a licensed company? For example, "OKash" is developed by Blue Ridge Microfinance Bank.
The "Contact List" Test: If the app asks for access to your entire contact list or gallery before you apply, it is likely violating the 2026 FCCPC privacy rules. Do not proceed.
Physical Address: Legit lenders must have a verifiable physical office in Nigeria listed in their "About" section.
Official Logo: Look for the "FCCPC Certified" badge on their website.
H2: Why You Should Only Use Approved Apps
Using an app from the list of loan apps approved by CBN protects you in three ways:
Legal Protection: If they harass you, you can file a formal complaint that will be heard by the FCCPC.
Data Privacy: Your BVN and personal details are protected under the NDPR (Nigeria Data Protection Regulation).
Fair Pricing: Approved apps cannot charge the "300% interest" rates common among illegal loan sharks.
Tip: You can find the 30 best loan apps here
Conclusion
Your financial health depends on who you borrow from. Always cross-reference any "urgent loan" offer with this list. For larger, long-term funding, especially for housing or business, we recommend checking the Federal Government Loan Portal first.
