5 Best Loan In Minutes In Nigeria Without BVN

Just when you are having a normal day, challenges, problems or emergencies might occur which might necessitate you needing a loan in minutes in Nigeria without BVN. Most loan providers usually ask for Bank Verification Code (BVN) before you can access their credit services.

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Bank Verification Number (BVN) is a scheme introduced by the Central Bank of Nigeria (CBN) to protect customers’ transactions and enhance confidence in the Nigerian banking sector. It involves identifying an individual based on physiological or behavioural attributes, such as fingerprint, signature and others.

5 Best Loan in minutes in Nigeria without BVN
5 Best Loan in minutes in Nigeria without BVN

If you are looking for a loan application that can give you a loan in minutes in Nigeria without BVN look no further as this list is for you. We are going to be talking about the 5 best loan applications in Nigeria that can give you a loan within minutes without asking for your BVN.

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Top 5 Best Loan in Minutes in Nigeria Without BVN

list of loan in minutes in Nigeria without BVN
list of loan in minutes in Nigeria without BVN

The best 5 loan in minutes in Nigeria that do not require any Bank Verification Number (BVN) include:

  1. OKash
  2. Renmoney
  3. Branch
  4. PalmCredit
  5. CarrotPay

1. OKash

5 Best Loan In Minutes In Nigeria Without BVN
OKash is our 1st pick of the 5 Best Loan In Minutes In Nigeria Without BVN

 Okash is the first in our list of loan in minutes in Nigeria without BVN. It is one loan app you should consider if you are looking to get a loan in minutes in Nigeria without BVN. On Okash, you can get an advance between #3000 to #500,000. It also has a payback period of 15 to 91 days.  Interest Rate: With a minimum of 0.1% up to 1%, calculated on a daily basis. Annual Percentage Rate(APR) from 36.5% to 360%. Origination Fee: Range from NGN 1,229 – NGN 6,000 for a one-time charge

OKash is owned and managed by Blue Ridge Microfinance Bank Limited, registered and approved by the CBN and is a Convenient Personal Loan Platform for Nigeria mobile users. The lending platform fulfills customers’ financial needs 24 hours a day, 7 days a week all completely online. The application process takes just a few steps with no collateral, requires no BVN, minimal or no documentation and the approved loan amount is transferred to the applicant’s bank account.

Features Of Okash

1.You can apply a loan by your credit. Don’t need any deposits or guarantees or BVN.
2. Up to NGN500,000. Disburse to your bank account.
3.Paperless and digital process on your mobile. All the steps can be done online.
4.We do not share your data with any third parties without your consent. Your data is totally safe with us.

2. Renmoney

Loan In Minutes In Nigeria Without BVN
Renmoney is our 2nd pick of the 5 best Loan In Minutes In Nigeria Without BVN

Renmoney is a top lending platform and the 2nd on our list of 5 best loan in minutes in Nigeria without BVN.

With Renmoney, you can get a convenient loan of up to ₦6 million today without a BVN, collateralor or any physical documents. The funds can be used to meet needs like growing your business, paying rent, buying a car, paying school fees, etc.

How To Apply?

  1. Choose your loan tenure & amount then share some information about yourself.
  2. 2. Verify the information that you’ve provided
  3. Sign your documents and get the money in your bank account within 24 hours, if your loan is approved

Am I eligible for a Renmoney Loan?

To qualify for a loan, you must be:

Be between 22 – 59 years old

Have a verifiable source of income

Live and / or work in cities where we operate

Have a savings or current bank account with any commercial bank

What Document do I need to apply for a loan?

You need your bank statement, a government issued ID card and utility bill (optional). You do not need a BVN to get a loan from Renmoney.

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3. Branch

Loan In Minutes In Nigeria Without BVN
Branch is our 3rd pick on the list of Loan In Minutes In Nigeria Without BVN

 Branch is the 3rd in our list of best 5 loan in minutes in Nigeria without BVN. All you need to apply for a Branch loan is your phone number/ Facebook account, as well as your Nigerian bank account number.

With Branch, you would have to build a good credit score and with the data, they get from your mobile phone their algorithm would make decisions on whether you are eligible to get a cash advance or loan. This set of information is combined with your Branch repayment history to create a unique credit score that influences the loan offers you receive.

Branch offers loans from ₦2,000 to ₦500,000. Loan terms range from 4 – 52 weeks. Interest ranges from 17% – 40% with an equivalent monthly interest of 1.5% – 20% and APR of 18% – 260%, depending on your loan option.

There are no late or rollover fees and no collateral necessary. Interest rates are determined by a number of factors, including your repayment history and the cost of lending for Branch

4. PalmCredit

Loan In Minutes In Nigeria Without BVN
Palm Credit is our 4th Pick on the list of Loan In Minutes In Nigeria Without BVN

Palm credit is one of the few popular credit options that are available at your fingertips and it is our number 4 in the list of loan in minutes in Nigeria without BVN. You can use PalmCredit to obtain a loan in minutes in Nigeria without BVN as a requirement.

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You can access between #5,000 to #500,000 loans in just a matter of minutes. It also has a 7 to 180 days window period with an interest rate as low as 24 to 4 percent. They offer one of the lowest interest rates among other loan companies.

5. CarrotPay

 Online Loans With Monthly Payments In Nigeria
CarrotPay is our 5th pick on Loan In Minutes In Nigeria Without BVN

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This is another loan application that can be perfect for your needs. With CarrotPay loan app, you do not have to worry about going through a cumbersome process before you can access a credit. The lending platform offers you credit as much as N50,000 with a repayment plan as long as 1 to 6 months. They also have low-interest rates with fast payments upon loan repayment.

With CarrotPay, getting a loan is almost as easy as thinking about it. Once you pass the automated checks and your credit score is favorable, you can easily get a loan within minutes.

How To Get Started With CarrotPay

*Download CarrotPay

*Create your account in minutes

*Apply for a loan

*Get the cash you need

About CarrotPay

CarrotPay provides loans for as low as N5,000 and up to N50,000, and you can pay back between 60 to 180 days. Usual repayment period is monthly. Minimum interest rates are determined by credit scoring algorithm which is usually 3% per month and a maximum of 10% per month. This comes to an Annual Percentage Rate (APR) of 36% to 120%.

You can apply for a monthly loan payment from CarrotPay either on Google Play Store or on Apple Store.

Frequently Asked Questions About Obtaining a Loan in minutes in Nigeria without BVN

You might have a lot of questions when it comes to taking instant cash loan in minutes in Nigeria without BVN. We can up with a few.

Fine below some frequently asked questions on how to get a Loan in minutes in Nigeria without BVN you might find useful.

 Where can I borrow without BVN?

 There are different loan websites and applications you use to take a quick loan without inputing your BVN. You can use some of the loans we listed above and they include:

Quickteller

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

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:

  • OKash
  • Branch
  • PalmCredit
  • CarrotPay

How can I get an urgent loan in Nigeria?

 Getting an urgent loan in Nigeria is no problem. All you need is to download one of the quick loan applications and apply for a loan.

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Can I get a loan without verification?

 Yes, it is possible for you to get a loan without a BVN verification. However, these loan providers would ask for something that can prove your finances such as a previous statement of account.

 Where can I borrow money immediately?

There are different sites online you can use to borrow money or take an urgent loan. All you need do is register on any of those sites and apply for a loan. You do not need to stress yourself before getting a loan within minutes without using your BVN. Try any of the options listed above and get a quick loan in minutes in Nigeria without BVN today. You can also borrow money immediately from any of the 15 loan apps in Nigeria mentioned here: Top 15 Quick Cash Loan Apps In Nigeria 2022.

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About the Author: Kehinde Oluwafemi

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