5 Loan App Without BVN in Nigeria You can Borrow from in 2023

loan app without bvn in nigeria

Last Updated on May 11, 2023

Are you in need of a loan urgently that does not require collateral? If you’re looking for a loan app without BVN in Nigeria then this post is just right for you.

Almost every finance app or platform in Nigeria requires users to provide their BVN to use the app, especially loan apps in Nigeria.

They collect BVN as a way to easily identify borrowers and make sure they are who they say they are.

However, if you don’t want to provide your BVN to a loan app and you want a loan app without BVN in Nigeria, I can assure you there’s a loan app for you where you can borrow without BVN or collateral.

See: What is the Code to Check BVN

What is BVN and Why Has it Become so Important

BVN (Bank Verification Number) is a unique 11-digit number that is produced by the biometric identification system developed by the Central Bank of Nigeria (CBN).

If you own a Nigerian bank account, then you must have a BVN. You can’t even open a new bank account in Nigeria nowadays without your BVN. You can have multiple bank accounts in Nigeria but only one BVN number that will be linked to all your accounts. 

BVN is very important today in Nigeria if the country wants to continue to limit fraudulent banking actions.

Because of the sensitive nature of BVN and the need to keep it safe, a lot of people tend to write down their BVN details.

A lot of people have also forgotten where they wrote down their BVN number and they might need to use it immediately. They need a quick way to check their BVN details without having to go to the bank.


Also See: How to Check Nirsal Loan Approval with BVN

5 Best Loan App without BVN in Nigeria

Here is a list of the best loan app without BVN in Nigeria where you can borrow money from:

 1. Carbon Loan App

Carbon Paylater reivew
Carbon Loan App

Carbon which was popularly known as Paylater is another loan app in Nigeria that doesn’t require your BVN to grant you loans.

Carbon doesn’t just offer instant loans, the fintech company offers high-yield savings accounts as well as banking services on its app.

Carbon loan amounts range from N5000 Naira to N1,000,000 Naira with a loan tenure of 7 – 180 days.

As mentioned above, Carbon offers instant loans, so you can expect your account to be funded into your account without delay as soon as the loan has been approved at least within 3 minutes.

2. FairMoney Loan

Fairmoney loan

You can borrow money using this loan app without BVN in Nigeria. Fairmoney is a top loan platform for getting personal loans in Nigeria. And the best thing? No need to provide your BVN or even collateral to get a loan from Fairmoney

With the Fairmoney loan app, you can get loans of up to N1,000 to N150,000 with a repayment period of 2 – 12 weeks depending on the loan amount. Fairmoney offers loans based on how creditworthy the borrower is.

3. Jumia Pay

jumia pay loan

Jumia Pay app is another loan app that doesn’t require BVN in Nigeria for you to lend money from.

To get a Jumia Pay loan, you just need to download the app and navigate to Financial Services and then to the Loans Option. Follow the instructions, provide the information required and you’ll get a loan in minutes without the need for BVN.

4. OKash Loan App

okash loan app

Formerly Opay’s loan platform, Okash loan which is now operated by Blue Ridge Microfinance Bank Ltd is another loan app without BVN in Nigeria that you can lend money from. You just have to download the Opay mobile app and apply for an Okash loan.

Okash offers up to N500,000 Naira in loans in Nigeria. So you can borrow money from Okash without the need to provide your BVN.

5. Aella Credit

aella credit loan

Aella Credit is another popular loan app in Nigeria where you don’t need to provide a BVN to loan money. You can get loans for as low as N2,000 Naira and as high as N1,000,000 Naira.

Aella Credit loans approval and disbursement process is really fast. You can have an Aella Credit loan in your bank account in 10 minutes after applying.

 In conclusion, There are loan apps without BVN in Nigeria you can borrow from. You just need to be wary of fake loan apps in Nigeria that charge extremely high-interest rates and can sell your information to third parties.

This list of loan apps in Nigeria that dont require BVN to access a loan is a great starting point for getting loans in Nigeria without proving BVN.

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