Irorun

Irorun is a digital lending app for Nigerians who need short-term microloans for urgent expenses, with applications completed in the app or via a web app and loan decisions typically taking about 24 hours.

Key features include:

• Tiered loan products with defined limits, fees, and tenors: Easy Credit (₦1,000 to ₦5,000; 15% per month with a minimum ₦500 interest; 3 to 15 days; ₦400 processing fee), Easy Credit Loyalty (₦1,000 to ₦10,000; 15% per month; 7 to 15 days; ₦400 fee; requires at least 2 previous loans), and Easy Credit Free (₦1,000 to ₦20,000; 10% per month; 7 to 30 days; ₦400 fee; requires at least 2 previous loans)
• Loan application requirements including next of kin, address, government-issued ID, and a Visa or Mastercard debit card (Verve not accepted), plus a selfie check against identity records
• One active loan at a time, with higher limits available over time based on repayment history, and stated loyalty perks such as higher limits up to ₦50,000 and occasional interest-free offers for VIP customers
• Airtime top-ups and bill payments from a smartphone, plus in-app chat support and an ethical approach that states it does not harass friends and family

Available on Web and Android.

It targets individual Nigerians who have a valid source of income (including small business owners) and need quick access to small loans.

In Nigeria’s consumer lending market, it is notable for publishing clear loan tiers, requiring identity checks, and stating ethical debt collection practices; it is also operated by Irorun Technologies Limited, licensed as a Money Lender by the Oyo State Government of Nigeria.