Top 9 Instant loan without ATM card or debit card 2023

In this article, I will be discussing the top 9 best loan without ATM card or debit card that borrowers and consumers can use to access instant online cash lending, whether you are an individual, self employed or business professional. All the lending applications reviewed below do not require the need of you inputting either your debit card or your ATM card which is commonly used for cash withdrawals or electronic payments in Nigeria.

ATMs called Automated Teller Machines or debit cards are mostly used to withdraw cash or to facilitate electronic payment through a financial institution or a payment gateway. If a bank allows it, you can also make deposits into an account during and outside regular business banking hours. This card can also be used to set up automatic debit to an account and it always requires a PIN (Personal Identification Number) before it can be executed.

Many loan apps require you to input your debit or ATM card into their system before approving your loan. However because of the prevalent of fraudulent lending platforms, it is not advisable to do this. Many of these online application deduct illegal processing fees from your account once you have profiled your debit or ATM card with them and at the end won’t approve any loan for you.

The apps reviewed below are the top 9 lending platforms that can approve instant loan for you without setting up or adding your ATM card or debit card with the platform. Please abstain from taking loans from fake loan apps that access your phone database and send shame and defamatory messages to your contacts.

Top 9 Loan Without ATM Card or Debit Card for instant borrowing and quick cash disbursement into your bank account

Some of the best instant loan application that approve fast borrowing without asking you to input your ATM Card or debit card include Branch app, Aella Credit app, QuickCredit app, FairMoney app, Renmoney app, Okash app and GTB Quick Credit app among others. These online lending applications are very credible and reputable and approve loan instantly just with your smartphone without collateral, documentation or physical office visit.

1. Branch App

Branch is the world’s leading digital lending app for personal and business finance and the first on our list of loan apps without ATM card. Branch app makes it easy for people in Nigeria to get quick loan up to ₦500,000 without ATM card, in addition helps to transfer money for free, and enjoy investment yields of 20% per annum.

Branch lending platform provides access to instant loans without you inputting your debit card and without collateral or physical office visit. Loan amount ranges from ₦2,000 to ₦500,000. Depending on the loan amount you select, Branch monthly repayment will be available for you which is averaged at 60 days (2 months). Monthly interest ranges between 2.5% to 20% and APR of 18% to 260%.

2. Aella Credit App

Aella Credit is yet another leading digital lender and one of the few loan apps that give credit without ATM card details submission. With this app, it shouldn’t be difficult to borrow quick loans and get instant cash for yourself or for your business. The app allows you to borrow money, to invest, increase productive capacity, pay bills, and get more working capital for your business. With Aella, all these are available at the snap of your fingers.

Aella Credit app has a monthly interest rate of 2% to 20% and APR of 22% to 264% per year. Loan amount ranges from N2,000 to N1,500,000 while monthly payments range between 2 months to 12 months.

3. QuickCredit App

Quick Credit is a loan app hosted on google play and set up to provide Nigeria mobile users with convenient lending services between N1,500 toN50,000. Quick Credit loans do not require an ATM card nor a debit card.  to apply for Quick Credit loan. With simple steps and minimal documentation, users can get qualified loan products which is 100% online process. Once approved, the loan amount will be immediately transferred to the applicant’ s bank account.

4. FairMoney App

FairMoney is a top digital lender and one of the few loan apps that approve quick funding without debit card or ATM card. Loan amounts range between ₦1,500 to ₦1,000,000 with repayment periods from 61 days to 18 months at monthly interest rates that range from 2.5% to 30% (APRs from 30% to 260%).  The app uses artificial intelligence to analyse your bank records and validate your BVN to make lending decisions. The loan is 100% online, with no collateral, debit card or documentation required to access cash loans.

5. Umba App

In the list of the best loan apps without ATM Card, Umba is a top option that allows users to apply, drawdown and repay loans directly from their smartphone or desktop computer without inputting any debit card. Once an individual is verified, the loan platform says it can make lending decisions which are based on an assigned risk rating. Umba app is hosted on google play store and it does not require any collateral or documentation to access its quick loan.

6. Renmoney App

Renmoney is one of the very best lending apps without ATM card in Nigeria. The digital lender is managed by a group of technology and finance enthusiasts who are passionate about making financial inclusion count in Nigeria. Renmoney digital platform claims to be Nigeria’s most convenient lending quick loan company – delivering outstanding service experiences to its customers. It does not harrass nor threaten its customers and its customer service support is excellent.

With Renmoney, you can apply for a convenient loan up to N6,000,000 to meet urgent or working capital for growing your small business, renovating your home, buying a new car, paying rent, school fees, medical bills, and the good thing is that your loan is approved without a debit or ATM card.

7. OKash App

Okash is one of the popular loan without ATM Card in Nigeria and it gives you easy access credit anytime, anywhere nationwide. Okash platform is convenient for Nigeria mobile users and it’s managed by Blue Ridge Microfinance Bank Limited. OKash fulfills customers’ financial needs completely online 24/7. The application process takes just a few steps with minimal documentation and the approved loan amount is transferred to the applicant’s bank account

With Okash, you can apply for a loan without ATM Card, processing fees, deposits or guarantees, and you can get up to N500,000.00 disbursed into your bank account within few minutes once your loan is approved. The process is completely paperless, no collateral or documentation is required. All the steps can be done online.

8. GTB Quick Credit App

Gtbank Quick Credit is the digital lending platform of the bank where account holders can apply for loan without ATM Card and get an instant cash between N10,000 and N5million disbursed into their account. It’s one of the numerous loan apps that doesn’t require debit card for loan approval. Whether you are a salary earner or self-employed, you can get the cash loan instantly, up to N5million at an interest rate of 1.5% monthly and pay back over 6 – 12 months.

9. Money in Minutes App

Money In Minutes is the last on our list of the best loans without ATM card. The platform is managed by MIM Finance Company, a UK-originated lending platform with presence across three (3) continents and Nigeria’s 1st Credit Membership that gives instant cash. You can access a loan without inputting your debit card, up to ₦2 million conveniently within minutes from their range of financial products

With over $10 Billion disbursed over the last two decades, Money In Minutes is in a position to help individuals and businesses to grow. According to the company: “Affordable and stress-free finance shouldn’t be for the privileged few but for ambitious and hardworking citizens that can demonstrate the ability to afford repayments.”

Can I get loan without debit card?

Yes you can. A debit card is not mandatory condition to obtain a loan. In fact many micro-lending companies and loan apps do not require a debit card or an ATM card for loan. Once you can show that you have the capacity for repayment, either by your credit history, your present salary or your analysis of your bank statement, many of the loan apps will oblige you a loan. All the loan apps stated above will give you credit without a debit card.

What are the most reliable and trusted Loan apps in Nigeria with the highest loan amount?

Some of the best and trusted fast loan apps in Nigeria with the highest loan amounts and most flexible monthly payments include Branch, Carbon, Fairmoney, Aella Credit, QuickCheck, Alat by Wema and Lendigo business App among other credible platforms. You can get an instant loan of N500,000 or more approved and disbursed into your bank account within few minutes of applying from any of these lending applications without submitting any collateral, documentation or paperwork.

What is the list of fake online loan apps in Nigeria?

The most dangerous list of fake loan apps and lending platforms in Nigeria include: Cash Mall, CashLion, FastMoney, LendCash, BorrowNow, LCredit, NairaPlus, 9ja Cash, Cash Wallet, 9Credit, Sokoloan, Palmcash, Ease Cash, ForNaira, KashKash, Rapid Naira, EasyMoni, among others. Many have been scammed and defrauded, and their bank accounts illegally debited by these fraudulent digital lenders. Google have removed most of them from its Play Store.

Which app gives highest loan instantly in Nigeria?

At the moment, Lendigo business app gives the higest loan amount instantly in Nigeria. You can get between 300,000 – ₦10,000,000 loan Amount per invoice and credit line with 1% processing fee and commitment fee
of loan facility and per invoice from 4% per month interest rate on borrowed amount. Loan tenure is between 1 – 6 Months.

What Are The Best Online Loan Apps In Nigeria With Low Interest Rate?

Currently, Branch and Carbon are the best loan apps in Nigeria with low interest rate for an instant loan without extra fees or interest for late payments. Other best loan apps in Nigeria include Renmoney, Umba, Lendigo, Migo loan, Aella Credit, etc. Branch monthly interest rate is 2.5% to 20% monthly interest which translates to an APR of 18% to 260%.

Which apps let you borrow money instantly in Nigeria?

In summary the following list of loan apps can let you borrow money instantly in Nigeria with very fast disbursement: Branch Loan app, Carbon (PayLater), Umba, Quick Check, Fairmoney, PalmCredit loan app, Lendigo Business App, Migo, Lidya and Quick Credit (by GTWorld) among other notable and reputable online lending platforms. You just need your active phone number, BVN and a few other profile details to get an instant loan within few minutes of application without requiring collateral, documentation or any paper work.

Conclusion

There have been a lot of complaints from Nigerians about lending apps and loan sharks illegally withdrawing their money due to stored ATM cards on their system. Some others demand for security deposit taken directly from customers’ ATM cards before loan approval and eventually do not borrow them the money. Therefore we have thought it deemed to identify the 10 best loan apps without ATM Cards in Nigeria.