Accessing loans in Nigeria can be slow and complicated. Traditional banks require paperwork, guarantors, and long approval times. Aella is a fintech company that makes borrowing quick and simple. Through the Aella App, users can get loans in just five minutes, pay bills, invest, and access health insurance.
This review focuses on Aella Loans—how it works, requirements, interest rates, and how to download the app.
What Is Aella Loan App?
The Aella App is a mobile financial platform for Nigerians. It provides:
- Quick loans with no collateral
- Bill payments for airtime, electricity, internet, and more
- Investment options
- Affordable health insurance
The main goal is to make financial solutions fast, simple, and safe. With the Aella Loan, users can borrow, repay, and build a good credit score.
Features of Aella Credit Loans
Quick Disbursement
Aella loans can be disbursed in 5 minutes. You do not need paper documentation.
Flexible Loan Amounts
- Minimum: ₦2,000
- Maximum: ₦1,500,000
Loan Tenure
- Minimum: 61 days
- Maximum: 365 days
Interest Rates and Fees
- Monthly interest: 1.5% to 22%
- APR: 22% to 264%
- Early repayment discount: up to 60%
- No late or hidden fees
Example of Aella Loan
If you borrow ₦100,000 for 180 days:
- Fee: ₦15,000
- Total repayment: ₦115,000
- No late penalties
- Early repayment may reduce the fee
Aella Credit Requirements
Aella loans are easy to access. You need:
- A smartphone (Android or iOS)
- Bank account linked to your BVN
- Basic personal information
- Valid BVN
There is no need for collateral or guarantors.
How to Download and Apply
Step 1: Download the App
Get the Aella Credit App from Google Play Store or Apple App Store.
Step 2: Register
Create an account using your phone number and email. Verify your details.
Step 3: Update Your Profile
Fill in personal information and link your BVN.
Step 4: Check Eligibility
The app will determine how much you can borrow based on your profile.
Step 5: Apply for Loan
Select the loan amount and tenure. Confirm and submit your application.
Step 6: Receive Funds
Once approved, the money is sent instantly to your bank account.
Benefits of Using Aella App
- Fast loans up to ₦1,500,000
- Early repayment discounts up to 60%
- No late fees or hidden charges
- Secure money storage in the app
- Bill payments with no extra fees
- Bank transfers to any account in Nigeria
The app also offers Aella Care for quick, affordable health insurance.
Aella Credit vs Maxmoni vs Sycamore
Now, let’s compare 3 similar loan apps to see which is best for you between the three loan apps: Aella App, Maxmoni, and Sycamore.
| Loan App | Loan Amount | Loan Term | Interest / APR | Key Requirements |
|---|---|---|---|---|
| Aella App | ₦2,000 to ₦1,500,000 | 61 days to 365 days | Monthly 1.5%–22%; APR 22%–264% | Smartphone + BVN + bank account linked |
| Maxmoni | ₦6,000 to ₦600,000 | 91 days to 365 days | APR 24%–40% | Age 20‑58, Nigerian citizen, bank account + BVN |
| Sycamore | ₦100,000 to ₦5,000,000 (personal) / ₦500,000 to ₦5,000,000 (business) | 3 to 12 months | Monthly ~2.3%–6%; up to ~72% APR | Verifiable income, account on platform, likely Lagos-focused |
Notes / Tips
- Aella offers smallest minimum amount and fastest process (“5 mins”) but has the widest APR range, meaning worst‑case cost can be high.
- Maxmoni has a relatively lower APR band than Aella in some cases, but the term starts at 91 days and it has more user complaints reported.
- Sycamore offers higher loan amounts (for both salary and business) and relatively moderate interest rates, but may have stricter requirements and possibly limited geographic reach.
- Always check repayment terms, hidden fees, and whether the app is licensed/regulated.
- Early repayment often reduces cost (noted especially for Aella).
Privacy and Security
Aella protects your personal data. Permissions are used only for:
- Identity verification
- Loan eligibility checks
- Secure processing of your loan
According to Aella Credit app, all personal information is encrypted. Data is never shared without consent.
For full details, see: https://aellaapp.com/privacy-policy
Contact and Support
You can reach Aella via:
- Email: support@aellacredit.com
- In-app chat for quick assistance
- Instagram: @Aellaapp
- Twitter: @Aella
- Website: https://aellaapp.com
The customer service team is available to help with loan applications, repayments, or account issues.
Final Thoughts
The Aella App is an excellent choice for Nigerians who need quick financial solutions. With loans from ₦2,000 to ₦1,500,000, fast approvals, and no hidden fees, it is convenient for emergencies, personal needs, and small business support.
Early repayment discounts and no late fees make borrowing less stressful. Beyond loans, the app allows users to pay bills, invest, and access health insurance—all in one place.
If you are looking for a simple, fast, and safe way to borrow money in Nigeria, the Aella App is worth considering.
