![Loan Without BVN 2023 [Top 10 Lending Marketplaces Without BVN in Nigeria]](https://quickloanarena.com/wp-content/uploads/2022/02/EYOWO-APP.png "Loan without BVN in Nigeria 2023 [Top 10 apps to get a fast loan Without BVN]")
In this article, I will be reviewing the top 10 instant apps to get a loan without BVN in Nigeria. These applications are known for approving fast online loan in Nigeria without BVN. The good things about these lending platforms is that you also do not need any collateral or documentation to get your loan approved. And you don’t need to visit any physical office. You can simply apply at the comfort of your room for quick loan using your smartphone.
As a worker or a business owner or a professional, you may come across some unexpected expenses that require you to take out a fast online loan in Nigeria, when you do not have a BVN, which is usually required by most loan apps across the country. We have set out 10 online financial application in NIgeria where you can borrow instant loan without BVN and have the cash disbursed into your bank account within a few minutes.
What is BVN?
The Bank Verification Number (BVN) is an 11-digit unique identity for each individual across the Nigerian Banking industry. The Central Bank of Nigeria (CBN) implemented the BVN to ensure customers can engage securely in financial transactions at any Point of Banking operations in Nigeria. The BVN serves as a modern security measure that protects banking trasactions by reducing fraud and illegal deductions to the barest minimum. However, some fake loan platforms in Nigeria try to invade their customer data and use their BVN for illegal and fraudulent purposes. So in most cases, you don’t want to release your BVN to these loan sharks masquerading as online lending platforms.
Top 10 Best Lending Applications in Nigeria Where You Can Get A Really Fast Loan Without BVN in 2023
Some of the best lending platforms and loan marketplaces in Nigeria that give access to really fast and legit loan without BVN include CarrotPay Loan, JumiaOne Loan, OKash Loan, Aella Credit Loan, Eyowo Loan, Carbon Loan and PalmCredit Loan among other reputable platforms. These lending applications are known for approving customers’ loan without asking for BVN, documents or paperwork, and secure your financial transactions and integrity of your database.
With CarrotPay, getting a loan without BVN is almost as easy as thinking about it. Once you pass the automated checks and your credit score is favourable, you can easily get a loan within minutes of applying. CarrotPay provides instant loan in Nigeria without BVN for as low as N5,000 and up to N50,000, and you can pay back between 60 to 180 days. The usual repayment period is monthly. Minimum interest rates are determined by a credit scoring algorithm which is usually 3% per month and a maximum of 10%.
2. JumiaOne Loan without BVN
JumiaOne is one of the best instant loan in Nigeria that does not require inputting your BVN or debit card. It is a multi-purpose android app owned by the Jumia Group. JumiaOne platform offers loan from N5,000 to N100,000 for a tenor of 15 – 30 days depending on the user’s credit score and it is completely legit lending application that enables you to borrow money without inputting your BVN. Basically, to access loan on this app, just scroll down to the ‘Financial Services’ category and click on ‘Loans’. After you provide all the information required, you will receive your loan within minutes.
3. OKash Loan without BVN
Okash is another legit lending platform where you can access loan without BVN at the comfort of your room once you have a smartphone. Basically, you can access this platform through the Opay mobile app, which is controlled by Opay Digital Services Limited/Paycom. However, OKash is solely owned and operated by Blue Ridge Microfinance Bank Ltd. OKash offers customers fast online loan of N1,500 to N50,000 without BVN, debit card card, collateral or documentation. Loan tenure could be up to 60 days, at 10 – 24 percent interest rate per month.
4. Aella Credit Loan without BVN
Aella Credit is one of the best lending marketplaces where you can access loan without BVN if you have a steady income. Basically, this user-centered digital lending platform offers users loans as low as N2,000, with a maximum limit of up to N1,000,000. Also, their own processing period does not take too much time. Within 10 minutes after applying for your loan, you will be credited. Aella loan tenure is from of 30 – 60 days, starting at a 30 percent monthly interest rate; though this may reduce to around 4 percent once the user maintains a good credit report on the app over time.
5. Eyowo Loan without BVN
Eyowo lending platform provides simple, digital, and reliable loan without BVN to anyone with just a phone number. You don’t need any BVN, collateral, documentation or physical office visit to access Eyowo loan. Users can borrow, spend, send, receive and save money simply by dialing a USSD code: *4255# on their mobile phones or via the Eyowo mobile app or website.
6. ALAT By Wema Loan without BVN
If you’re tired of your regular commercial banks and feel like being in charge of your money directly, you can get the ALAT app fast instant loan without BVN. It also do not require collateral, documentation or any paperwork for loan approval. You can borrow as much as N2,000,000 (Two million naira) and get your loan approved and disbursed within minutes to your bank account.
7. Carbon Loan without BVN
Carbon, formally called Paylater gives instant loan of N5000 to N1,000,000 without BVN, collateral or paperwork. The app loan is repayable between 7 – 180 days. Your account will be credited within 3 minutes of submitting your application on the app once your fill your online form correctly. Carbon is regarded as one of the best loan platforms in Nigeria, and it has gained good reputation for excellent customer service. Within minutes of application, you can get your loan without BVN approved.
8. PalmCredit Loan without BVN
PalmCredit is another top trusted lending platform that gives really fast loan without borrowers having to submit their BVN. The app gives loans of N2000 to N100,000 with interest rate ranging from 4% to 24%, with the annual percentage rate (APR) being between 24%~56%.
9. Quickteller Loan without BVN
Quickteller loan is a reputable platform that gives instant loan without BVN and facilitate quick cash disbursement once loan is approved. With Quickteller, you get access to urgent cash of N10,000 with an interest rate as low of 15% to solve whatever emergency you might find yourself. Simply register on their website by filling in your details which include your name, email, password, and phone number.
10. Fair Loans without BVN
Fair Loans is one of the new lending platforms in Nigeria that gives online loan without BVN. With this app, it is easy to apply for a small cash loan from N5000 to N30,000 with a repayment period of 60 days and maximum APR of 24% per year. Funding can be obtained in few minutes once approval is goten.
Below is a quick Summary Of Top 10 Instant Loan Without BVN in 2023
Conclusion
The really best lending marketplaces in Nigeria where you can get loan without BVN include CarrotPay Loan, JumiaOne Loan, OKash Loan, Aella Credit Loan, Eyowo Loan, Carbon Loan and PalmCredit Loan among other reputable platforms. These loan platforms are reputed and unique for approving customers’ loan application without BVN, documents or paperwork, and secure your financial transactions, banking details and integrity of your data.
Though there are many other lending applications online where you can get a loan without bvn in Nigeria, but be careful before you submit your BVN to any platform. Ensure that the loan application is legit, secure and trusted before letting them have access to your BVN. Your BVN is your private financial identification and shouldn’t be shared to illegal platforms.
15 Comments
This is a leading list talking about reputable loan apps in Nigeria, kudos QUICK LOAN ARENA
Nice article you put up here. But telling people that these companies don’t require BVN isn’t appropriate. They all require BVN as it’s a means of verifying the identity of the borrower. No company offers loan with processing and validating the credit worth of the person coming to borrow. And BVN is the only means by which they do so through CRC
Of course they all require BVN.
These are reputable companies that offer loans without collateral but not loans without BVN. I think the title is misleading. But the article is great though. This is my own opinion
Can you be specific? Lets address them one by one… which of them have you personally tried and requested BVN TO OBTAIN LOAN?
I love the style of writing you guys are using. Keep up the good work but kindly change the title of this article to something like “Reputable companies that offer loans without collateral”. Thank you once more for this wonderful article
That is not the title. Mention one YOU HAVE PERSONALLY attempted to borrow money and requested your BVN? These were carefully selected articles here
I use Okash but their interest is high and I still patronize them but they don’t want to borrow me 200k since I have been patronizing them….
All requires bvn
Stop misleading people
je veu aide pour ardent
Sir please I need this loan to boost my business am in a lurgrative area but my business is small
Good morning Sir
Why are these digital lenders asking for our bvn, ATM pin and other secret bank account details in order to get loan from them?
This is a life saving information thanks big boss
Thanks for the update though but unfortunately they all require BVN.
Do you think using these loan apps is advisable? because a lot of Nigerians seem to abuse it and some don’t even care to refund. Again if you check the high-interest rate placed on these loans i don’t think it is good for the people