Best Loan App in Nigeria Without BVN – Are you in dire need of a personal loan, but you don’t have a BVN to apply for the loan? Well, don’t worry. There are several loan apps in Nigeria that don’t require a BVN before you can be approved for a loan amount. These loan apps provide both personal and business loans and they have a completive interest loan.
Unlike traditional banks, these loan apps have easy loan application proofs and within minutes of applying you will get approved and have the disbursement into your bank account. Several of these apps only require other means of identification such as email address, phone number, utility bills, and others. With these, people without a BVN can apply for the loan amount they want.
Best Loan Apps in Nigeria without BVN
There are several loan apps in Nigeria that offers loan amount without a BVN. Instead, it requires other means of identification such as email address, phone number, or utility bills. These loan apps also don’t require a guarantor or collateral before you are approved for a loan amount. Here are the apps that don’t require BVN:
Carbon
Carbon is one of the best lending platforms in Nigeria that has a loan limit of up to one million and doesn’t require any collateral for the loan application.
This is very rare because traditional banks will require that you have a property worth the amount you are borrowing and also has a long rigorous loan application process.
Formally known as Paylater, Carbon is one of Nigeria’s leading online lending companies that provide other online banking services such as bill payment, transfers, savings, and others.
Carbon is also among the few lenders that offer loans without a BVN. Instead, it makes use of the borrower’s other means of identification such as proof of income, bank state, valid ID, and so on.
As mentioned before, Carbon doesn’t require any guarantor before they can approve any loan amount. Its loan duration is also up to six months and the repayment method is flexible.
JumiaPay
This lending platform is also among the few that offer loan amounts without a BVN. JumiaPay provides low-interest loans within minutes and the application process is pretty easy. If you use the mobile app, you will be able to get a loan amount of up to N500,000.
After successful application, the loan with be deposited into your bank account. This loan app doesn’t require a BVN, no guarantor and there is no paperwork needed.
FlexiCash
This lending app is owned by Palmpay and it is quite trending nowadays. The lending platform enables its users to get instant loans without Bank Verification Number. This lending app is available for both iPhone and Android users and they can download. FlexiCash provides reasonable loan amounts based on factors like user details and credit scores.
OKash
OKash is among the few online lending platforms that provide reasonable loan amounts without a BVN. The loan application is very easy and it can be done through the mobile app and within a few minutes you will be done. It also has a competitive interest loan and good loan duration. If you are approved for the loan, you can get your disbursement almost immediately.
Aella Credit
If you are searching for a reliable online lending app in Nigeria then Aella credit is your go-to app. This platform provides personal loans as fast as five minutes without any documentation or collateral needed. To apply for a loan, you need to download the mobile app from the play store or Apple app store. Then you sign up for an account by using your details and then submit your loan application. Once you are approved for the loan amount, the breakdown of the loan will be displayed and you will be able to see the interest rate and repayment plan.
FairMoney
This is a well-known lending app in Nigeria that provides loans without collateral or documentation. In addition, you can also get a personal loan without a BVN. All you need to do is to download the mobile app and register for an account.
Furthermore, FairMoney offers a flexible loan term and you can get approved for a loan amount of up to one million naira and an 18 months period. FairMoney also provides an affordable interest rate on the loans and if you are approved you can get the loan amount in less than five minutes.
MoneyPal
MoneyPal is also one of the best lending platforms in Nigeria. This lending platform provides instant loans to customers without collateral. It also offers loans of up to five million nairas without any charges. Borrowers can enjoy a loan duration of up to 24 months with a yearly percentage rate of up to 34.8% to 36.5%
There are multiple platforms where you can get a loan without a BVN in Nigeria. All that you are required is to make sure that the lending platform is legitimate.
