10 Best Loan Apps Without BVN in Nigeria

Are you in need of a quick loan in Nigeria but don't have a BVN? Don't worry, there are several loan apps available that do not require a BVN.

In Nigeria, a BVN (Bank Verification Number) is a unique identification number that is linked to your bank account. It is used to verify your identity when carrying out transactions and accessing financial services. Many loan apps in Nigeria require a BVN as a form of verification before granting loans. However, not everyone has a BVN, and this can be a barrier to accessing quick loans.

In this post we will discuss 10 loan apps without BVN in Nigeria that you can use to access quick funds.

What is a BVN?

A BVN is an 11-digit number that acts as a unique identifier for individuals in the Nigerian banking system. It is designed to reduce fraud, increase security and provide a single identity across the Nigerian banking system. A BVN is linked to your biometric data, such as your fingerprints and photograph, and it is mandatory for opening a bank account in Nigeria.

Why do loan apps require a BVN?

Loan apps require a BVN as a form of verification to reduce the risk of fraud and ensure that loans are only granted to eligible individuals. BVNs help loan apps to verify the identity of loan applicants and prevent multiple loan applications from the same individual. Additionally, BVNs are used to confirm that the individual has a bank account and to ensure that the loan funds can be disbursed to the correct account.

Can you get a loan without a BVN?

Yes, you can get a loan without a BVN in Nigeria. There are several loan apps that do not require a BVN for loan applications. However, the loan amount and interest rate may be lower than those offered by loan apps that require a BVN.

10 Loan Apps Without BVN in Nigeria

Here are 10 loan apps in Nigeria that do not require BVN and how to access funds through them:

Carbon (PayLater)

Carbon, formerly known as Paylater, is anr app you can rely on. It is owned by One Finance & Investment Limited and provides more than just instant loans. Apart from the fact that you can easily obtain loans ranging from N5000 to N1,000,000 with terms ranging from 7 to 180 days, the platform does not delay in paying your loan. They will credit your account within 3 minutes of submitting your application to the platform.

To apply for loans on Carbon, you must first download the app, create an account, and provide your personal and employment information.


You can borrow money in Nigeria with this loan app even if you don't have a BVN. Fairmoney is the best place in Nigeria to get a personal loan. You don't have to give Fairmoney your BVN or even collateral to get a loan.

With the Fairmoney loan app, you can borrow between N1,000 and N150,000. Depending on the loan amount, you have between 2 and 12 weeks to pay it back. Fairmoney gives loans to people based on how good their credit is.


PalmCredit gives small loans quickly to people who are applying for the first time. When you pay back your loans on time, you can borrow more money. The monthly interest rate for Palmcredit is between 4% and 4.7%, while the interest rate for loans is between 14% and 24%. Their loan limits range from 2,000 to 100,000, and the length of time it takes to pay them back is between 91 and 180 days.

OKash Loan App

Okash loan app is another legitimate and popular platform for loan borrowing.  You can basically access this platform via the Opay mobile app, which is managed by Opay Digital Services Limited/Paycom. OKash, on the other hand, is solely owned and operated by Blue Ridge Microfinance Bank Ltd.

Aella Credit

Aella Credit Loan App is another credible Nigerian loan app that doesn't require a BVN. Loans, insurance, payments, and investments can all be obtained through this digital platform.

They provide loans between N1,500 and N1,000,000 at an interest rate of 2% and 20% per month. Loans of this nature typically have a short repayment period of one to three months.

You can get a loan from Aella Credit by downloading their app, create an account, and entering your details correctly. Then you can get instant loans and other forms of financial aid.


Branch is a loan app that offers loans with no collateral, also known as BVN. It provides individuals with loans of up to N500,000 with repayment terms of up to six months.

Depending on the loan amount, Branch's APR (Annual Percentage Rate) ranges from 18% to 260%, with an equal monthly interest rate ranging from 1.5% to 20%.

 To use Branch, you must first download the app, create an account, and provide your personal and employment information.

Branch uses smart technology to analyze data from your smartphone (with your permission, of course) to determine loan eligibility. The app's algorithm processes thousands of data points and provides personalized loan alternatives in seconds, making it one of Nigeria's fastest loan apps.

Eyowo Loan App

Eyowo provides simple, digital, and dependable financial services to anyone with just a phone number.  On Eyowo, your phone number serves as your account number. Simply subtract the first zero. Avoid spending long hours in a banking hall to save time.

By dialling the USSD code *4255# on their mobile phones, the Eyowo mobile app or website, or calling the IVR centre at 01-7001511, users can borrow, spend, send, receive, and save money.

Alat by Wema Bank Loan App

Wema Bank's Alat is one of the loan apps in Nigeria that provides loans without the use of a BVN. Wema Bank, one of Nigeria's oldest and most dependable banks, owns and operates this app. Alat by Wema Bank provides individuals and businesses with a variety of loan options, including salary-based loans, quick loans, and business loans.

Alat by Wema Bank provides loans within 24 hours of loan approval. This makes it convenient for people who require emergency funds. It also provides loans at competitive interest rates, making it a cost-effective option for those looking for loans.

Alat by Wema Bank has a straightforward loan application process that can be completed in a matter of minutes. The app also allows users to keep track of their loan applications and loan disbursements.

JumiaOne Loan App

You can use the JumiaOne Loan App to get Payday loans, Education loans, and Business loans without a BVN or collateral.

Simply go to the Play Store and install the app, then scroll down to the Financial Services section and click on Loans. If you follow up and provide all of the requested information, your loan will be available in a matter of minutes. 

Quick Check

QuickCheck is yet another amazing loan app in Nigeria that does not require a BVN. They provide loans ranging from $1,500 to 500,000, with a daily interest rate of 1%.

QuickCheck has simplified loan access for users. You can use your smartphone to access their services at any time as long as you are an adult with a good credit score. Simply go to the app store, download the app, set up an account, and you're ready to go.

Requirements to Access Loans on Loan Apps without BVN

To use loan apps without BVN, you must have a valid bank account, a phone number, and employment information. To verify your identity and details, the loan app may request additional personal information such as your name, address, and identification card.


Which app can I use to borrow money without BVN?

There are several loan apps in Nigeria that allow individuals to access loans without the need for a BVN, including FairMoney, Carbon, Branch, etc.

How can I get a loan in 5 minutes?

Some loan apps in Nigeria offer quick loan disbursement within minutes of loan approval.

Which loan app can give me 15000 Naira?

Several loan apps in Nigeria offer loans up to 15000 Naira, including PalmCredit, Carbon, and FairMoney. You can compare interest rates, loan terms, and eligibility criteria to choose the best loan option.

Does Okash require BVN?

A: Okash loan, formerly Opay's loan platform and now operated by Blue Ridge Microfinance Bank Ltd, is a loan app in Nigeria that doesn't require a BVN. You can get an Okash loan by installing the Opay app on your mobile device.

How to get 5million Naira loan in Nigeria?

Obtaining a 5million Naira loan in Nigeria may require collateral and a verifiable source of income. Individuals can consider traditional banks, microfinance banks, and other financial institutions that offer such loans. However, it is important to note that loans come with repayment obligations and should be borrowed responsibly.



Lastly, the availability of loan apps that do not require a BVN in Nigeria has made it easier for people to obtain loans without having to go through the traditional bank loan application process.

Because these loan apps have different features, interest rates, and loan limits, you must compare and select the best option that meets your needs.

To avoid additional charges and penalties, it is also essential to borrow responsibly and make timely payments.

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