Speed Loan App: Download APK, Signup, Login, Customer Care Contact Number, Legit Or Not

Speed Loan App: Download APK, Signup, Login, Customer Care Contact Number, Legit Or Not

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In Nigeria, accessing loans without collateral or excessive paperwork can be a daunting task. However, Speed Loan, a leading loan platform in the country, has revolutionized the lending industry by providing microfinance loans with ease and convenience. Speed Loan provides microfinance loans without collateral. In this article, we will explore how to download the Speed Loan APK from a third-party website, how to sign up and log in to the app, review the features of My Naira Loan App, understand the borrowing process from Speed Loan, and evaluate its legitimacy. So, without further ado, let’s start. 

Speed Loan App: Download APK, Signup, Login, Customer Care Contact Number, Legit Or Not
Speed Loan App: Download APK, Signup, Login, Customer Care Contact Number, Legit Or Not

Speed Loan: Fast and Convenient Borrowing

Speedy Loan is a revolutionary mobile application that allows users to borrow funds ranging from N5,000 up to a maximum of N 600,000, with a repayment period ranging from 30 to 365 days. With an interest rate of 20% per year, Speed Loan offers flexible and affordable lending options to individuals in need of financial assistance.

Downloading My Speed Loan APK

To download the Speed Loan APK from a third-party website, follow these simple steps:

  • Visit a trusted third-party APK website.
  • Search for “My Speed Loan APK” in the search bar.
  • Click on the download button to initiate the download process.
  • Once the download is complete, locate the APK file in your device’s storage.
  • Tap on the APK file to begin the installation process.
  • Follow the on-screen instructions to successfully install the Speed Loan app on your device.

Sign Up and Log In to Speed Loan App

To utilize the services of Speed Loan, you need to sign up and log in to the app. Here’s how you can do it:

  • Open the Speed Loan app on your device.
  • Click on the “Sign Up” button to create a new account.
  • Fill in the required information, such as your name, phone number, email address, and a password of your choice.
  • After providing the necessary details, click on the “Sign Up” button to proceed.
  • Once you have successfully signed up, you can log in to the app using your registered phone number and password.
  • Enter your login credentials and click on the “Log in” button.

You are now ready to explore the features of Speed Loan and borrow money hassle-free.

Speed Loan App Review: Interest Rate, Repayment Plan, Loan Eligibility Criteria, Loan Requirements, Customer Care Number, Legit or Not

Speed Loan offers competitive features and benefits to its users. Let’s take a closer look at each aspect:

Interest Rate

The interest rate on Speed Loan is set at 20% per year. This rate ensures affordability and transparency, allowing borrowers to plan their finances efficiently.

Repayment Plan

With Speed Loan, borrowers have the flexibility to repay their loans within a timeframe ranging from 30 to 365 days. This extended repayment plan ensures that borrowers can manage their finances without feeling burdened.

Loan Eligibility Criteria

Speed Loan caters to a wide range of individuals, including civil servants, students, business people, and clergymen. To be eligible for a loan, users must fulfill the following requirements:

  • Must be a Nigerian citizen.
  • Must be at least 18 years old.
  • Must possess a valid identification document.
  • Must have a stable source of income.

Loan Requirements

To apply for a loan on Speed Loan, users need to provide the following documents:

  • Valid identification document (e.g., National ID, Driver’s License, or Voter’s Card).
  • Proof of income (e.g., pay slip or bank statement).
  • Bank account details for loan disbursement.

Customer Care Number

For any queries or assistance regarding Speed Loan, users can contact the customer care team at phone number 07017681069, Email Address, company address 49 Balogun St. Lagos Island, Lagos, Nigeria. The team is dedicated to providing prompt and reliable support to ensure a seamless borrowing experience.

Legitimacy of Speed Loan

Speed Loan is a legitimate loan platform in Nigeria that operates within the regulations and guidelines set by the relevant authorities. It provides transparent lending services, ensuring the trust and satisfaction of its users.

How to Borrow Money from the Speed Loan App

To borrow money from Speed Loan, follow these steps:

  • Log in to the Speed Loan app using your registered credentials.
  • Navigate to the loan application section.
  • Fill in the loan amount you require and select the desired repayment period.
  • Provide the necessary personal and financial information as requested.
  • Upload the required documents, including identification and proof of income.
  • Review the loan terms and conditions before submitting your application.
  • Once your application is submitted, it will be processed for approval.
  • If approved, the loan amount will be disbursed to your registered bank account.

Speed Loan ensures a streamlined and user-friendly borrowing experience, making it a preferred choice among individuals in need of financial assistance.


We will address three frequently asked questions about the Speed Loan app, offering valuable insights for potential borrowers.

How does the Speed Loan app work?

The Speed Loan app offers a seamless borrowing experience to its users. To get started, all you need to do is download the app from the Google Play Store and create an account. Once registered, you can input your personal and financial information, allowing the app to assess your loan eligibility.

To request a loan, simply enter the desired amount within the range of N5,000 and N800,000, along with the preferred repayment period. The Speed Loan app provides flexibility by offering a repayment window between 30 and 365 days, allowing borrowers to select the best option for their financial situation. Once your loan application is submitted, the Speed Loan app employs its advanced algorithms to swiftly evaluate your eligibility. If approved, the loan amount will be disbursed directly into your provided bank account, ensuring quick access to funds.

What are the interest rates and fees associated with Speed Loan?

Speed Loan operates with a highly transparent fee structure, ensuring borrowers are well-informed about the costs associated with their loans. The platform charges a nominal interest rate of 20% per year, making it an affordable option for borrowers from various financial backgrounds.

In addition to the interest rate, Speed Loan imposes a service fee of 0.01% of the total borrowed amount. This fee is deducted from the loan disbursement, ensuring borrowers do not have to arrange for separate payments. By clearly stating the interest rates and service fees, Speed Loan ensures complete transparency, fostering trust and confidence among its users.

Can I obtain a loan without collateral or paperwork?

Absolutely! One of the standout features of Speed Loan is its commitment to making the borrowing process quick and hassle-free. Unlike traditional lenders that require extensive documentation and collateral, Speed Loan eliminates these requirements, enabling borrowers to obtain loans without the unnecessary red tape.

With Speed Loan, you can access loans of up to N600,000 without providing collateral or engaging in cumbersome paperwork. This feature allows civil servants, students, business people, clergymen, and individuals from various walks of life to conveniently access the funds they need to meet their financial obligations.

It is important to note that as a first-time borrower, your loan limit may not reach the upper threshold of N600,000. However, by using the Speed Loan app responsibly and repaying your loans promptly, you can build trust and qualify for higher loan amounts in the future.


Speed Loan offers a convenient and efficient borrowing platform for Nigerians. With its easy-to-use app, flexible repayment plans, and transparent lending practices, it enables individuals to meet their financial obligations and achieve their goals. So, why wait? Download the Speed Loan app today and experience the benefits of hassle-free borrowing. Remember, financial decisions should always be made responsibly, and borrowing should only be considered if you are confident in your ability to repay the loan.

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