10 Best Loan App Without BVN in Nigeria

List of Loan App Without BVN in Nigeria – Do you need a loan but you dont want the loan givers to know or have your BVN? Maybe you don’t even have a BVN but you need a loan in Nigeria. If yes, is your answer, then this article is for you.

Unforeseen circumstances do happen. Situations or scenarios that weren’t planned for that’ll require money to fix. Usually, when people need a loan, they ask their friends and family members for help and when it’s not forthcoming, they visit their bank to get a loan and solve the problem.

While taking a loan from your bank seems like a really great idea or option, it does have its restrictions or limitations. For example, if you are not operating a salary account, getting a loan from your bank would be difficult (if not impossilmkkSo if you can’t loan from the bank and no one has spare cash to lend you, what do you do? Lucky, for you, there are financial institutions that are willing to loan you money whether or not you have a salary account.

However, most of the loan apps out there require your BVN to issue you a loan which poses a problem for people who don’t have their BVN to fall into the wrong hands. Hence, if you are looking for the best loan app, that doesn’t require BVN in Nigeria, then you should continue reading. fast loan without bvn

In this article you will discover the following;

10 Best Loan App Without BVN in Nigeria

10 Best Loan App Without BVN in Nigeria

Which loan apps in Nigeria offer loans without BVN? The answer is, No reputable loan app in Nigeria will be willing to offer you a loan without requesting your BVN. Why? The reason is simple, the BVN is used to verify your identity without it, anyone could come up with fake names and forged details to scam the company.

Secondly, they use the BVN to look up your credit history and if you have a bad credit history, they won’t offer you loans. It’s also very important paperwork for loan apps in the event of default.

Can loan apps block my BVN?

There have been cases where people have complained about loan apps threatening to block their BVN. If you have been wondering if it’s possible for them to do that, then the answer is NO. Your BVN can only be blocked by the Central Bank of Nigeria.

However, if you fail to pay your loan, your identity could be reported to the National Credit Bureaus. When that happens, the National Credit Bureaus will label you a high-risk borrower which will make it difficult for you to get loans from other loan platforms in the future.

Having a negative rating with the Bureau may seem trivial now but if you happen to plunge into financial debt and you are in quick need of cash, no Nigerian loan app will offer you a loan due to your poor credit history.

This is why it’s important to always pay your loans. If you are having a hard time clearing your loan, you can contact the loan app for assistance in negotiating a reduction on your debt. Loan app without bvn in Nigeria

See Also: How to Check NIRSAL loan with BVN

10 Best loan apps in Nigeria

1. Carbon (formerly PayLater) loan app

Carbon is a loan app in Nigeria that lets you borrow up to a million naira without requiring collateral, paperwork, or guarantors. These unique characteristics have earned Carbon the coveted title of being the best loan app in Nigeria.

Carbon is a Lagos, Nigeria-based platform that was founded by Chijioke and Ngozi Dozie. Thus loan app allows its users have access to finance, high-yield investment options, and convenient payment solutions.

What makes Carbon great is that if you pay off your loan on time, you’ll become eligible for cashback on the interest you pay, more significant loan amounts, and cheaper interest rates.

What’s more? Carbon has a reputation for being dependable as there are no late fees, processing expenses, and rollover fees. With Carbon, you’ll only pay what you owe, a much sought-after feature lacking in many Nigerian loan apps.

See Also: How to Apply for NYSC Loan

2. Branch

Among the best loan apps in Nigeria, Branch comes in second place. Just like Carbon, the Branch app unlocks more significant loan amounts when you make your loan payment early.

The Branch app provides loans ranging from NGN 2,000 to NGN 500,000 for a period of 4 to 52 weeks. Branch’s APR (Annual Percentage Rate) runs from 18% to 260% depending on your loan amount, with an equal monthly interest rate ranging between 1.5% to 20%.

Interestingly, just like Carbon, Branch doesn’t have any late or rollover fees and no collateral is required as well. However, the interest rates on your loans are dependent on a variety of factors such as your repayment history and the Branch’s cost of funds.

As one of the best loan apps in Nigeria, Branch uses smart technology to analyze your smartphone’s data (of course with your approval) to evaluate loan eligibility. The app’s algorithm processes thousands of data points and provides personalized loan alternatives in a matter of seconds which makes it one of the fastest loan apps in Nigeria.

See Also: Top 50 Loan Organisations in Nigeria 

3. Fairmoney

Fairmoney offers over 10,000 loans per day, making it one of the biggest loan apps in Nigeria, and the third best loan app on our list. This amazing loan app offers loans ranging from NGN 1,5000 to NGN 1,000,000 with payback terms ranging from 61 days to 547 days (18 months).

When you request a loan on the app, Fairmoney disburses the loan in five minutes or less, making it one of the fastest loan apps in Nigeria. Fairmoney’s APR (Annual Percentage Rate) ranges from 30% to 260% and a monthly interest rate ranging from 2.5% to 30% which makes it one of the top low-interest loan apps in Nigeria.

However, due to legislation, if you attempt to default on your loan, you’ll likely lose your Fairmoney account and a credit report will be sent to FirstCentral and CRC.

Finally, since Fairmoney is a Europe-based app, it has a higher reliability rating than a lot of loan apps in the instant loan sector because they adhere to European data security requirements. In addition to that, Fairmoney is unarguably one of the highest-rated Nigerian loan apps on the Google Play Store.

Finally, since Fairmoney is a Europe-based app, it has a higher reliability rating than a lot of loan apps in the instant loan sector because they adhere to European data security requirements. In addition to that, Fairmoney is unarguably one of the highestrated Nigerian loan apps on the Google Play Store.

Note: Fairmoney collects analysis data from your mobile device to make lending decisions for mobile loans. The information collected is needed to authorize your loan in real-time without requesting further documents from you.


Palmcredit is one of the best loan app in Nigeria. This online loan app grants instant loans.

It offers flexible loan products within minutes.

Credit limit range: #2000 to #100,000

Interest rate: 14% to 24%

Equivalent monthly interest: 4% ~ 4.7% Annual Percentage Rate (APR): 48% ~ 56% Loan duration: 91 days to 180 days.

To get a loan on this app, you have to register then get approval within 5 minutes and finally the loan is disbursed to your bank account.

The loan on this app is approved instantly.

No paperwork and collateral is required.

A bonus is awarded when you refer a friend.

You can earn up to #80, 000 on this app.

Repayment of a loan in time or completing tasks would build your credit limit and reduce the interest rate.

24/7 online service to help with any of your demands.

For more information visit credit or simply download the app from the Google play store.


This instant loan app provides short-term loans for urgent needs.

It gives you complete control over your finances.

It is currently available in Nigeria and Ghana.

It is fast, secure and reliable and works 24/7.

Requirements: An Android device, data connection, and a valid bank account.

Credit limit: #1, 500 – #1, 000,000

Interest rate: 5% monthly on the first loan.

After the first loan, other loans would attract an interest rate of 2 –.30% Loan duration: 60days to 6months.

Loans granted within minutes.

It requires no documents or collateral.

You can earn an interest of 16% by investing in their investment plan.

You can pay bills for all your favorite services such as GOTV, DSTV, Bet9ja.

You can pay bills for all your favorite services such as GOTV, DSTV, Bet9ja.

You can also transfer money to friends and families.

Loan application on this online platform is open to students, salary earners or self employed people as well as civil servants.

No hidden charges or late fees.

Rewards are given if loans are repaid on time, transactions are executed or friends are referred.

Rewards are in the form of larger loans, lower interest rates, and free cash.

For more information, you can download the app from the Google play store.

See Also: 21 Quick Loans without Collateral in Nigeria


Aella have one of the best loan app in Nigeria. This is yet another wonderful loan app that grants instant loans.

It enables employees to borrow at competitive & fair rates through their employers.

Loans can be accessed at any time and anywhere.

It uses a proprietary credit scoring algorithm to determine the creditworthiness of the users.

Requirements: Your name, employer ID number.

You can obtain a loan on this app when you sign up and follow the necessary steps.

Loans applied for are quickly sent to your bank account in less than 2 minutes.

Email:[email protected] for more information or download the app.


This is yet another beneficial instant loan app in Nigeria that makes life easy and comfortable for you.

You don’t need to stress yourself thinking of medical bills, how to pay school fees or any other unexpected cash problems.

No collateral or documentation is needed.

Quick check grants you loan within 24hrs of application.

Requirements: smartphone and the quick check app.

It also gives you the opportunity of buying airtime for yourself and loved ones in a seamless manner.

It is secure, fast, and easy to use.

You can borrow up to 30,000 Naira with no hidden charges.

Interest can be paid for the number of days you take the loan at 1% daily.

You can apply for a loan on this lending platform by downloading the app to your device and then proceeding to sign up or create an account.

After applying for a loan, a cash loan will be disbursed to your account within minutes if found eligible. For more information, you can check out their, website:


Money Pal is one of the best loan app in Nigeria. This mobile loan app is provided by Zedvance and grants customers access to loans without collateral.

It gives loans of up to #5 million anywhere, anytime with zero hidden charges.

Customers can enjoy loan tenors up to 24 months.

Customers can enjoy loan tenors up to 24 months.

Annual Percentage Rate (APR): 34.8% – 365%

To get a loan on this app, you click on “create account” on the app and proceed to provide relevant details.

One important thing to note when applying for a loan on this app is to use the phone number linked to your BVN to register and once your loan application is approved, the loan is sent to your bank account.


This is another instant mobile loan app that provides short-term loans in Nigeria to help cover unexpected expenses or urgent cash needs.

No collateral is required.

Loans applied for are sent straight to your bank account once approved.

It uses the data on your phone including your SMS history to verify your identity and create a credit score.

Duration: 2 to 6 months/ 91 – 180 days.

Interest rates: 4.5% to 34%.

APR: 29% –.365%.

Loans offered on this loan app ranges from #5, 000 – #100, 000.

No paperwork, mortgage or office access required.

Loans are available to people between the ages of 25 to 50.

To be granted a loan on this platform, you need to have a fixed-job.

To get a loan on this app, you have to create an account, apply for the loan, receive loan straight into your bank account.

You can increase your loan limit each time you repay your loan.

Download the app to know more.


This mobile loan app makes it easy and convenient for customers to access loans anytime, anywhere.

It does not require any collateral and it is only available in Nigeria.

No paperwork or office visits needed.

Loans can be used for personal or business.

Loan amount : #1, 500 – #200,000.

Loan duration: 4 – 24 weeks.

Interest rates: 15% – 34%.

You can get access to bigger loans at lower fees and flexible payment terms as you repay.

To get a loan on this loan app, you have to sign up and then proceed to sign in and then apply in seconds and receive your loan straight into your bank account.

UNIKCREDIT uses data on your phone including your SMS history to verify your identity.

Email: [email protected]


This mobile loan app makes it easier for you to get funds from your peers.

It is free to register and the loan is approved quickly.

It is free to register and the loan is approved quickly.

Loan amount: #1000 – #100, 000

Loan duration: 91days – 120days

APR: 14%

The loan is granted to a person between the ages of 18 and above.

For more information download the app or contact them at email: [email protected]

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