Oxygen X Loan App is one of the newest CBN-approved digital lending platforms in Nigeria, offering fast and convenient loans to individuals and small businesses. The app provides quick loans from ₦50,000 up to ₦10,000,000, with interest rates from 2.5% per month and flexible repayment terms of 3 to 12 months. Borrowers receive funds directly into their bank accounts and can repay using the same account.
If you’re searching for a legit loan app in Nigeria, Oxygen X is positioned as one of the most promising new lenders backed by strong financial infrastructure.
What is Oxygen X Loan App?
Oxygen X is a digital lending platform under Oxygen X Finance, created to provide instant personal and SME loans to Nigerians. It operates with Central Bank of Nigeria approval, ensuring regulatory compliance and safer borrowing compared to unlicensed loan apps.
The platform focuses on:
- Fast loan approvals
- Transparent interest rates
- Larger loan limits
- Easy repayment
- Secure data handling
Loan Features at a Glance
| Feature | Details |
|---|---|
| Loan Amount | ₦50,000 – ₦10,000,000 |
| Interest Rate | From 2.5% per month |
| Repayment Period | 3 – 12 months |
| Disbursement Method | Bank account |
| Repayment Method | Same bank account or in-app |
| Customer Support | 0700 700 444 / hello@oxygenx.africa |
Benefits of Oxygen X Loan App
✔ CBN Approved & Trusted
Unlike many unregulated lenders, Oxygen X operates under a regulated financial institution — giving borrowers more confidence and transparency.
✔ High Loan Limits
With loans up to ₦10 million, Oxygen X is suitable for:
- Salary earners
- Small business owners
- Entrepreneurs
- Emergency financial needs
✔ Low Monthly Interest
Interest from 2.5% per month makes it one of the more competitive loan apps in Nigeria.
✔ Flexible Repayment
Borrowers can choose repayment tenors between 3 and 12 months, making it easier to manage repayments.
✔ Fast Approval Process
Most applications are processed digitally with minimal paperwork.
How to Apply for Oxygen X Loan (Step-by-Step)
- Download the Oxygen X Loan App
Search “Oxygen X Loan App Nigeria” on Google Play or iOS App Store. - Register Your Account
Provide your phone number, email, and verification details. - Complete KYC
Submit your BVN, ID card (NIN, Voter’s Card, Driver’s Licence, or Passport), and personal details. - Select Loan Amount & Tenor
Choose from ₦50,000 to ₦10,000,000 and select repayment duration (3–12 months). - Accept Loan Terms
Review your interest rate and total repayment amount carefully. - Receive Your Loan
Funds are sent directly to your bank account within minutes if approved.
How to Repay Oxygen X Loans
Repayments are straightforward:
- Automatically debited from your bank account, or
- Paid manually through the Oxygen X app, depending on the option provided.
Early repayment is allowed and may help you qualify for higher loan limits.
Oxygen X Loan App Customer Care
If you need support, use the official channels below:
- Phone: +234 700 700 444
- Email: hello@oxygenx.africa
Use only official contacts to avoid scammers.
FAQs About Oxygen X Loan App
1. Is Oxygen X Loan App Legit?
Yes. Oxygen X is CBN-approved, making it a legitimate digital lending platform in Nigeria.
2. What is the maximum loan I can get?
You can borrow up to ₦10 million, depending on your profile and credit score.
3. Do I need BVN to apply?
Yes. BVN verification is required for security and identity validation.
4. What is the interest rate?
Interest starts from 2.5% per month, but your exact rate depends on your loan offer.
5. How long does loan approval take?
Approval is usually within minutes once you complete KYC.
6. How do I repay my loan?
Repay through the bank account where the loan was received or via the in-app repayment method.
Summary Table of Notable Loan Apps in Nigeria (Alternatives to Oxygen X)
| Loan App | Loan Range | Interest Rate | Tenor | Highlights |
|---|---|---|---|---|
| Oxygen X | ₦50,000–₦10,000,000 | From 2.5% monthly | 3–12 months | CBN-approved, high limits |
| Carbon | ₦10,000–₦1,000,000 | 4%–30% monthly | Up to 12 months | Popular digital bank + loans |
| Branch | ₦2,000–₦1,000,000 | 2%–23% monthly | 62 days–12 months | No collateral loans |
| FairMoney | ₦1,500–₦3,000,000 | 2.5%–30% monthly | 61–180 days | Fast approval |
| PalmCredit | ₦5,000–₦300,000 | 4%–25% monthly | 91–365 days | Simple signup |
| Aella Credit | ₦2,000–₦1,000,000 | 4%–25% monthly | Up to 3 months | Salary earners focus |
Final Thoughts
Oxygen X Loan App is a legit, CBN-approved lending platform offering high loan limits, competitive interest rates, and flexible repayment options. Whether you’re a salary earner or a small business owner, Oxygen X provides a reliable and regulated alternative to unlicensed lenders in Nigeria.