8 Best Instant Loan Apps Without BVN In Nigeria
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8 Best Instant Loan Apps Without BVN In Nigeria

These 8 Best Instant Loan Apps Without BVN In Nigeria will help you get a loan easily. People looking for information on how to apply for a Loan without a Bvn in Nigeria have an additional challenging issue when they try to find Loans without Bvn. So i will give it to you quickly!

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Do you have an urgent financial responsibility to satisfy, but payday is still a long way off? Do you require a list of Nigerian rapid loan apps that do not require a BVN? In the Nigerian banking business, the Bank Verification Number (BVN) is an 11-digit unique identifier for each individual.

Despite the fact that we have a list of the top 22 best fast loan apps in Nigeria for guaranteed cash, where you may borrow money and get cash right away, this article focuses on respectable lending apps in Nigeria that do not require BVN.

The BVN assures that you can conduct secure transactions at any Nigerian Point of Banking operation. Some phony loan apps in Nigeria, on the other hand, compromise your data and exploit your BVN for illegal and fraudulent purposes. As a result, you may not wish to give your BVN to these phony loan sites in some situations.

Top Instant Loan Apps Without BVN In Nigeria

Quick Loan Arena has compiled a list of the top 8 instant loan apps in Nigeria that do not require a BVN. You can receive a loan in Nigeria in minutes with any of them from the best suppliers we’ve carefully vetted for your consideration. Check out the list below:

1. FairMoney Loan App

2. JumiaOne Loan App

3. OKash by Opay Loan App

4. Aella Credit Loan App

5. Eyowo Loan App

6. Alat by Wema Bank Loan App

7. Carbon Loan App

8. PalmCredit Loan App


1. FairMoney Loan App

This is the first in our list of Nigerian rapid loan apps that do not require a BVN. Without a BVN, documentation, collateral, or guarantor, FairMoney provides fast cash for personal finance, house rent, health emergencies, business, education, and car maintenance.

Users can borrow money from N1,000 to N150,000 within minutes of application, with repayment terms ranging from 2 to 12 weeks, depending on their creditworthiness.

It also provides business loans to small business owners that want to launch a new company or expand an existing one.

2. JumiaOne Loan App

JumiaOne comes in second on our list of lending apps in Nigeria that do not require a BVN. It is owned by the Jumia Group, despite being a multi-purpose Android app.

The JumiaOne app, in addition to operating as an online payment mechanism for Nigeria’s top e-commerce site, Jumia Nigeria, also provides loans to individual customers without the need for collateral.

Users can get loans by going to the JumiaOne app’s ‘Financial Services’ section and clicking ‘Loans.’ You will receive your alert within 10 minutes or less, depending on your internet network, once you have provided all of the needed information, including disbursement details.

The JumiaOne app offers loans ranging from N5,000 to N100,000 with terms ranging from 15 to 30 days and even longer, depending on the user’s JumiaOne credit score. Users may receive loans with a 15% interest rate for 15 days, but longer tenors incur higher interest rates, which can be as high as 30% monthly for a first-time borrower in some situations.

However, it promises to provide larger loans with cheaper interest rates in the future.

In Nigeria, there are loan apps that do not require a BVN.

3. OKash Loan App

Okash is ranked number three on our list of rapid online lending apps in Nigeria that do not require a BVN.

This mobile loan platform can only be accessed through the Opay mobile app, which is owned and managed by Opay Digital Services Limited/Paycom; however, the OKash is owned and operated independently by Blue Ridge Microfinance Bank Ltd.

It provides consumers with fast loans ranging from N1,500 to N50,000 with a repayment term of 7 to 90 days and an interest rate of 10 to 24 percent each month. Once a user becomes a frequent customer on the app, it promises to offer loans with lower interest rates.

 4. Aella Credit Loan App

Aella Credit is a user-friendly digital lending platform that ranks fourth on our list of online rapid loan apps in Nigeria that do not require a bank account. Within 10 minutes of submitting your loan application, Aella Credits will make you an offer ranging from N2,000 to N1,000,000.

The Aella Credit app, which began as a loan platform for employees of enterprises in its network, is now available to anyone seeking quick loans to satisfy urgent requirements. Lagos, Nigeria; Accra, Ghana; and Manila, Philippines are the locations where it works.

It also allows any registered firm to join its network, and employees in its network only need their name and employee ID number to gain instant access to larger loan amounts with cheap interest rates.

The loan limit grows and the interest rate decreases with each timely return of borrowed funds.

It provides customers with a loan for 30 to 60 days with a monthly interest rate of 30%, which may be reduced to roughly 4% if the user maintains a solid credit score on the app over time.

Individuals and corporations can also invest on the Aella Credit platform through its website, with yearly returns ranging from 15% to 48% depending on the tenor.


5. Eyowo Loan App

Anyone with a phone number can use Eyowo to get simple, digital, and dependable financial services. It is ranked number 5 on our list of rapid loan apps in Nigeria that do not require a BVN. To acquire a loan, you also don’t need any collateral or documents. Your Eyowo account number is your phone number. Simply remove the first zero. By avoiding long hours in a banking hall, you can save time.

Users can borrow, spend, send, receive, and save money by using the USSD number *4255# on their phones, using the Eyowo mobile app or website, or simply phoning the company’s IVR center at 01-7001511.

Payments are quick, easy, and safe.

You may send money to friends, relatives, or anybody else with Eyowo! You can send money to bank accounts, or you can send it to a phone number if the recipient does not have a bank account. Cool..right?

Money can come from anyone, and it can come from anyplace.

Save yourself the embarrassment. Send an Eyowo request or a payment link to respectfully request your money.

With an Eyowo card, you can keep your money safe.

We’ve erased all the information that fraudsters can use to steal your money with Eyowo cards. Your card data is now stored in your app. This is the world’s safest card.

Anyone can use Eyowo to send and receive money, pay bills (even online with a virtual dollar card), save money, and borrow money.

Other benefits of the Eyowo include the ability to scan a QR Code created on its POS terminals to pay for goods or services at any favorite cafe, retail store, or shopping center.

 6. ALAT (by Wema Bank) Loan App

Get the ALAT app if you’re weary of your traditional commercial banks and want direct control over your money.

ALAT is owned and managed by Wema Bank, one of Nigeria’s national heritage banks, and is widely regarded as the country’s first fully digital bank.

ALAT gives consumers the option of getting a free and customized Naira ATM card and virtual dollar card for ATM and online transactions in addition to opening a full-fledged bank account and sending and receiving cash. You do not need any other information, such as an ATM card or a BVN, to obtain their loan once you have these.

ALAT gives users the option of getting a free ATM card and virtual dollar card for ATM and online transactions, in addition to opening a full-fledged bank account, sending and receiving cash, paying bills, and carrying out other banking operations in the comfort of their own home or office. You do not need any other information, such as an ATM card or a BVN, to obtain their loan once you have these.

Furthermore, it provides users with a 10% annual interest rate on savings in the ALAT app, as well as the ability to apply for a loan in minutes without the need for documentation or a bank official’s visit to any physical location.

It enables customers to borrow up to N200,000 without the need for collateral or a guarantor, as well as arrange money transfers and bill payments without difficulty.

7. Carbon (Paylater) Loan App

This is the seventh app on our premium list of rapid loan applications in Nigeria that do not require a BVN. Carbon, formerly known as Paylater, is a company owned by One Finance & Investment Limited that provides more than just rapid loans.

Apart from the fact that you can acquire loans ranging from N5000 to N1,000,000 with terms ranging from 7 to 180 days, your account will be credited within 3 minutes of submitting your application on the app. You don’t need your ATM card number, BVN number, or any other collateral or documentation.

One of the most impressive aspects of the Carbon app is its newly introduced Cashback option, which allows users to borrow money and receive up to 50% off the interest rate if the loan is repaid before the agreed-upon deadline.

If you have a strong credit score with them, you may be able to borrow money for a shorter period of time with no interest or for as little as 7.5 percent (monthly) (by repaying borrowed loan on or before due date).

It also allows users to put money in its ‘PayVest’ payment portfolio via the app interface, which pays up to 16 percent interest annually by investing in treasury bills and other money market instruments.

The Carbon app is quick, secure, and reliable – it recently passed the PCI-DSS compliance test (a global security standard that ensures organizations handling information have the proper mechanisms in place to protect client data) – and it works at any time of day, including on public holidays.

8. PalmCredit Loan App

PalmCredit is another popular lending platform in Nigeria, and it ranks eighth on our list of rapid loan apps without BVN.

Though borrowing from the PalmCredit app is simple and can be completed in a matter of minutes, we are aware that this app is one of those that sends consumers threatening and libelous messages.

The app claims to provide a simple service that allows users to get immediate loans of N2000 to N100,000 without any fuss. Individuals who are eligible for the loans must be at least 18 years old. Users who refer friends to the loan business can also earn rewards through the app.

Why should you pick Palmcredit?

1 The limit is NGN10,000 to NGN300,000.

2 No BVN or ATM Card information is required.

3 There is no collateral.

There is no paperwork, and it is safe and secure.

4 There are no hidden costs, no rollover fees, and no transaction fees.

5 Pay off your debts on time or complete activities to boost your credit limit and lower your interest rate.

-Interest rates on Palmcredit loans range from 4% to 24%, with monthly payments ranging from 4% to 4.7 percent. The annual percentage rate (APR) on a Palmcredit loan is 24 percent to 56 percent.

That has been 8 Best Instant Loan Apps Without BVN In Nigeria. If this article has been of help to you, why not share it with friends on social media through any of the sharing buttons below?


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Ekemini Ekpo

Loan money apps is a platform/blog that seeks to inform and educate people on various day-to-day technological activities. Vist our Quora Space to learn more

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