8 Best Instant Loan Apps Without BVN In Nigeria

Do you need to meet emergency financial obligations and payday is still farway? Do you need a list of instant loan apps without BVN in Nigeria? The Bank Verification Number (BVN) is an 11-digit unique identity for each individual across the Nigerian Banking industry.

Though we have a list of the top 20 best loan apps in Nigeria for instant cash which you can use to borrow money and receive cash immediately, this article addresses reputable loan apps in Nigeria that do not require BVN.

The BVN ensures you can engage securely in transactions at any Point of Banking operations in Nigeria. However some fake loan apps in Nigeria involve in data breach and use your BVN for illegal and fraudulent purposes. So in some cases, you may not want to release your BVN to these fake lending platforms.

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loan apps without bvn in Nigeria
Loan Apps Without BVN In Nigeria

Top Instant Loan Apps Without BVN In Nigeria

Quick Loan Arena bring you a list of 8 top instant loan apps without BVN in Nigeria. With any of them, you can get a loan in minutes in Nigeria from the top providers we have carefuuly researched for your consideration. See the list below:

    1. FairMoney Loan App
    2. JumiaOne Loan App
    3. OKash by Opay Loan App
    4. Aella Credit Loan App
    5. Eyowo Loan App
    6. Alat by Wema Bank Loan App
    7. Carbon Loan App
    8. PalmCredit Loan App

1. FairMoney Loan App

This is our first in the list of instant loan apps without BVN in Nigeria. FairMoney provides quick cash for personal finance, house rent, health emergency, business, education needs and car repairs without BVN, documentation, collateral or guarantor.

With a repayment tenor of 2 – 12 weeks, users can borrow money from N1,000 to N150,000 within few minutes of applying, based on your creditworthiness.

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Also, it offers business loan for small business owners who plan to start up a business or to grow an existing business.

2. JumiaOne Loan App

JumiaOne is our second in the list of loan apps without BVN in Nigeria. Though a multi-purpose android app, it is owned by the Jumia Group.

Aside serving as an online payment platform for Nigeria’s leading e-commerce site, Jumia Nigeria, the JumiaOne app also offers loan to its individual users without collateral.

Users can access loans by scrolling down to the ‘Financial Services’ section on the JumiaOne app and clicking ‘Loans’. Once you supplied all the information requested, including disbursement details, you get your alert within 10 minutes or less, depending on your internet network.

The JumiaOne app offers loans from N5,000 to N100,000 for a tenor of 15 – 30 days and even more days, depending on the user’s credit score with JumiaOne. Sometimes, users get loans at 15 percent interest rate for 15 days period while longer tenor attracts higher interest rates and can be as high as 30 percent monthly in some cases for a first-timer.

But it promises to offer bigger loans with lower interest rates on subsequent loans.

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Loan Apps Without BVN In Nigeria

3. OKash Loan App

Okash takes the number 3 position in our list of quick online loan apps without BVN in Nigeria.

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Accessing this mobile loan platform is only possible through the Opay mobile app, owned by the Opay Digital Services Limited/Paycom; though the OKash is independently owned and managed by Blue Ridge Microfinance Bank Ltd.

It offers users instant loans from N1,500 up to N50,000 for a repayment tenor of 7 to 90 days, at about 10 – 24 percent interest rate per month. It also promises to offer loans at reduced interest rates once a user becomes regular customer on the app.

 4. Aella Credit Loan App

Aella Credit is a user-friendly digital lending platform and it is number 4 in our list of online instant loan apps without BVN in Nigeria. Aella Credits offers as low as N2,000, up to N1,000,000 within 10 minutes after submitting your loan application.

Initially launched as a loan platform for employees of companies in its network, the Aella Credit app also now offers individuals who may seek quick loans to meet urgent needs. It operates in Lagos, Nigeria; Accra in Ghana and Manila in the Philippines.

It also allows any registered company to sign-up and joined its network, just as employees in its network only need their name and employee ID number to get quick access to higher loan amounts with minimal interest rates.

With each timely repayment of borrowed money, users’ loan limit increases and while interest rate reduces.

It offers users loan for a tenor 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.

The Aella Credit app also allows individuals and corporate organisations to invest on its platform via its website as it promises them annual returns from 15 percent, up to 48 percent, depending on its tenor.

5. Eyowo Loan App

Eyowo provides simple, digital and reliable financial services to anyone with just a phone number. It is the number 5 on our list of instant loan apps without BVN in Nigeria. You also don’t need collateral or documentations to get a loan. On Eyowo, your phone number is your account number. Just take out the first zero. Save yourself time by cutting out long hours in a banking hall.

Users can borrow, spend, send, receive and save money simply by dialling a USSD code: *4255# on their mobile phones or via the Eyowo mobile app or website or by just calling its IVR centre on 01-7001511.

Fast, simple and secure payments
With Eyowo, you can send money to friends, family, anyone! You can send money to bank accounts and if the receiver doesn’t have a bank account, you can send it to their phone number. Cool..right?

Receive money from anyone, anywhere
Spare yourself the awkwardness. Ask for your money politely by sending an Eyowo request or a payment link.

Secure your money with an Eyowo card
With Eyowo cards, we’ve removed all the information that fraudsters can use to steal your money. Your card information now lives in your app. This is the safest card in the world.

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With Eyowo, anyone can perform any financial transaction including sending and receiving cash, paying bills (even online with a virtual dollar card), as well as saving or borrowing money.

Other features of the Eyowo includes allowing users to scan to pay at any favourite cafe, retail stores or shopping malls for goods or services using a QR Code which can be generated on its POS terminals.

 6. ALAT (by Wema Bank) Loan App

If you’re tired of your regular commercial banks and feel like being in charge of your money directly, get the ALAT app.

Popularly referred to as Nigeria’s first full digital bank, ALAT is owned and managed by Wema Bank, one of Nigeria’s national heritage banks.

From opening a full-fledged bank account and sending and receiving cash to paying bills, ALAT also offers users the choice of getting a free and customised Naira ATM card and virtual dollar card for ATM and online transactions. Once you have these, you do not need any details such as that of ATM card or BVN to access their loan.

From opening a full-fledged bank account, sending and receiving cash to paying bills and carrying out other banking transactions in the comfort of your home or office, ALAT also offers users the choice of getting a free and ATM card and virtual dollar card for ATM and online transactions. Once you have these, you do not need any details such as that of ATM card or BVN to access their loan.

Besides, it offers users 10 percent interest per annum on savings in the ALAT app and also gives them the privilege of applying for a loan without paperwork or bank officials’ visitation to any physical location within minutes.

It allows users to borrow as much as N200,000 without any collateral or guarantor as well as schedule money transfers or bills payment without hassle.

7. Carbon (Paylater) Loan App

This is number 7 on our premium list of instant loan apps without BVN in Nigeria. Carbon was formerly called Paylater and it offers more than just quick loans and is owned by One Finance & Investment Limited.

Aside the fact that you can easily get loans from N5000 to N1,000,000 repayable for a tenor of between 7 – 180 days, your account will be credited within 3 minutes of submitting your application on the app. You don’t need ATM card details, nor BVN details nor any collateral or documentation.

One of the amazing features of the Carbon app is its recently introduced Cashback option, which allows users to borrow money and be rewarded with up to 50 percent of the interest rate charged if loan is repaid before the agreed deadline.

It may even allow you to borrow money for a shorter period without any interest rate or for as low as 7.5 percent (monthly), if you’ve maintained a good credit scorecard with them (by repaying borrowed loan on or before due date).

Also, it gives users the privilege of investing money in its payment portfolio named ‘PayVest’ via the app interface which yields an interest of up to 16 percent annually by investing in treasury bills and other money market instruments.

Though currently available in Nigeria and Ghana only, the Carbon app is fast, secure, reliable – as it recently passed the PCI-DSS compliance test (that is, a global security standard that ensure companies handling information have the right systems in place to protect customer’s data) – and works any time of the day, including on public holidays.

8. PalmCredit Loan App

PalmCredit is another top lending platform and we rate it number 8 on our list of instant loan apps without BVN in Nigeria.

Though borrowing from the PalmCredit app is easy and can be done in some quick minutes, we understand that this app is one of those that send threatening and defamatory messages to its customers.

The app claims to have a straightforward service that allows users of the app to have access to instant loans worth N2000 to N100,000 hassle. Individuals who will qualify for the loans must however be 18 years old and above. The app also offers rewards to users who refer others to the loan service.

Why choose Palmcredit?
1 Limit range from NGN10,000 to NGN300,000.
2 No need of BVN or ATM Card details.
3 No collateral.no paperwork,secure and reliable.
4 No hidden fees,no rollover charge,no transaction fees.
5 Repay your loans in time or complete increase limit tasks to build your credit limit and reduce on interest rate.

-Loans interest rate:4% to 24%,Equivalent monthly interest 4% to 4.7%,the annual percentage rate (APR) on a Palmcredit loan is 24%~56%.

Frequently Asked Questions (FAQs)

Which apps give loan without BVN?

The following are the lending apps that give loans without BVN in Nigeria.


This is a website you can consider if you are looking for a quick and instant loan online without inputting your BVN details. With Quickteller, you get access to urgent cash which can be very useful in solving whatever emergency you might find yourself. You can access a loan amount as large as #10,000 on Quickteller with an interest rate as low as 15%. It’s pretty easy to access the loan. Simply register on their website by filling in your details which include your name, email, password, and phone number.


Eyowo is a payment solution provider registered with the central bank of Nigeria. You can access loans on Eyowo if you are interested in getting a quick loan without necessarily linking your BVN. With Eyowo, you can access loans with little to no interest at all. The process of getting a loan is pretty easy. All you need to do is get registered with them. Registration requires no paperwork or personal details, all you need is your active phone number and you’re good to go.

8 Best Instant Loan Apps Without BVN In Nigeria

Others include:

  1. JumiaOne Loan App
  2. Branch Loan App
  3. OKash by Opay Loan App
  4. Aella Credit Loan App
  5. Alat by Wema Bank Loan App
  6. Carbon Loan App
  7. PalmCredit Loan App
  8. CarrotPay

Which loan app gives instant loan in Nigeria?

QUICK LOAN ARENA brings you a comprehensive list of the 10 reputable urgent loan apps that give instant loan in Nigeria. If you need a loan urgently, the following apps on Google Play Store and some others on Apple Apps Store can provide quick help.

Our list of top 10 loan apps for instant loan in Nigeria includes:

Top 10 Platforms To Get A Loan In Minutes In Nigeria

  1. Carbon
  2.  QuickCredit
  3.  Alat by Wema
  4.  FairMoney
  5.  QuickCheck
  6.  Renmoney
  7.  PalmCredit
  8.  FairMoney
  9.  Money In Minutes
  10.  Page Financials

Which app can borrow me money without ATM card?

The following are the apps that give loan without ATM Card in Nigeria:

  1.  Branch loan app
  2.  Aella loan app
  3.  Quick Credit loan app
  4.  FairMoney loan app
  5.  Umba loan app
  6.  Renmoney loan app
  7.  OKash loan app
  8.  GTB Quick Credit loan app
  9.  Money in Minutes loan app
  10. Quick Check loan app

Does Carbon ask BVN?

No they don’t. Carbon is one of the few loan apps in Nigeria that you can borrow money from without BVN.

Which app gives loan instantly in Nigeria without BVN?

The following are the loan apps without BVN in Nigeria and they give loan instantly in Nigeria.

  1. FairMoney
  2. JumiaOne
  3. OKash by Opay
  4. Aella Credit
  5. Eyowo
  6. Alat by Wema Bank
  7. Carbon
  8. PalmCredit

Email: quickloanarena@gmail.com
Whatsapp: +234 0915 382 1578


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About the Author: Femi Adeoya

Mr Femi Adeoya is a Chartered Forensic Accountant and a Certified Fraud Examiner. He has over 20 years professional work experience in accounting, finance and business management processes. As an Accounting Software Expert, he has implemented and supervised accounting solution set up of over 50 small and medium businesses in Nigeria. As a passionate blogger, Mr Adeoya is an ardent writer and communicationist. He is the CEO of QUICK LOAN ARENA (quickloanarena.com), the number 1 loan apps review website in Nigeria. He is very passionate about the quick and instant loan industry in Nigeria and has written over 200 reviews on different loan apps and digital banks in Nigeria, USA, Canada and UK.


  1. 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

  2. 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

  3. 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

    1. That is not the title. Mention one YOU HAVE PERSONALLY attempted to borrow money and requested your BVN? These were carefully selected articles here

  4. 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?

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