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Top 5 Best Instant Loan Apps in Nigeria without BVN Requirement



Loan Apps without BVN in Nigeria

The need to borrow money often arises from time to time. It could be for personal use or to aid your business activities. Whichever one it is, you must identify the best Loan Apps in Nigeria without BVN. And even more important, you need to find an app that does not require much of your private, sensitive information like your Bank Verification Number (BVN).

In this article, we will list the top loan apps in Nigeria approved by the CBN, with amazing interest rates, and which you can easily apply without disclosing your BVN using your smart devices.

Why is it difficult to get a loan without a BVN?

All Nigerian citizens’ BVN is stored in a secure database in a bid to verify the identity of all bank customers. The BVN can help in stopping identity theft and various financial crimes that may be perpetrated without the knowledge of the individual concerned.

This is why most loan apps will not offer you a loan if you don’t register your BVN with them. Since the BVN is a confidential and unique code you’re expected not to share with anyone, these lending platforms will not process your loan request without a verifiable means of identification. With the BVN, you are telling a loan app that you’re not an imposter and using someone else’s name to get a loan. It is a protection for you.

However, some apps do not require your BVN as they have other measures to ensure your safety and provide you with loans to ease your affairs. They include

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Loan Apps in Nigeria without BVN

1. Kuda

The “bank of the free” provides short-term loans for its customers in the form of overdrafts, which are hassle-free with no requirement for paperwork. It offers a daily interest rate of 0.3% with a typical duration of 90 days. To increase your rates, you can ask for a referral from a friend with a good credit score. You can also opt for the Kuda Salary Loan as a salary earner, which will be promptly disbursed to the Kuda account. The repayment period commences 30 days after the funds have been expended.

2. QuickCheck

The app offers simple, fast, and transparent loans that match paydays. With 3M+ downloads on Playstore, the app provides instant loans using processed smartphone data and credit scores. The platform can help you fill financial gaps and attend to urgent needs as it disburses the loan in 5 minutes. The least available amount is #10, 000, which can be increased if you pay the loan when it’s due.

3. Carbon

This is one of the most popular loan apps in Nigeria. With a 3 to 6-month repayment period and an installment payment plan, you can get a loan from #100,000 and have peace of mind while repaying in pre-calculated amounts over a specified period. Licensed by the CBN, Carbon also provides savings and investment plans for its users.

4. Alat by Wema

Widely recognized as Africa’s first fully digital bank and a product of Wema Bank, Alat has provided loans to over a million individuals, businesses, and families. The only prerequisite is that you are an existing customer. With this, you can access up to #2,000,000 without collateral, paperwork, or physical visitation.

5. FairMoney

This prominent lending app is one of Nigeria’s most downloaded loan applications. It is the go-to platform for swift loans. FairMoney prides itself on providing quick loans that are approved within just 5 minutes. You can get between #10,000 and #40,000 as a new customer. And the faster you repay, the higher your credit limit. Your smartphone data and credit history determine eligibility; no additional information is required.

List of Fake Loan Apps

Check the list below to see the fake loan apps that are not licensed to operate and those that CBN has banned due to cases of harassment of customers or indiscriminate collection of user data;

  • Easy Moni
  • EasyCredit
  • GoCash
  • Softpay
  • Chacha
  • Here4U
  • Kashkash
  • Maxi Credit
  • Sokoloan
  • Naira Plus
  • Speedy Choice
  • Icoin Loan
  • 9jaCash
  • LionCash
  • Fast Money
  • 9credit
  • Swiftkash App
  • Hen Credit Loan App
  • Joy Cash-Loan App
  • Eagle cash App
  • Cash Door App
  • Luckyloan Personal Loan App
  • Getloan App
  • Easeloan Apps
  • Naira Naija
  • Cashlawn App
  • Easynaira App
  • Crediting App
  • Yoyi App
  • Nut Loan App
  • Cashpal App
  • Nairaeasy Gist Loan App
  • Camelloan App
  • Nairaloan App
  • Moneytreefinance Made Easy App
  • Cashme App
  • Secucash App
  • Credit box App
  • Naira Naija
  • Crimson Credit App
  • Xcredit
  • Galaxy Credit App
  • Ease Cash App
  • Imoney
  • Imoneyplus-Instant
  • Nairanaija-Instant
  • Spark Credit
  • Nownowmoney
  • Naija Cash
  • Firstnell App
  • Flypay
  • Luckyloan Personal Loan App

The best Way to Get a Loan

1. Consider the interest rates

Check and compare the interest rates across different loan apps to ensure no hidden charges. You have to look for the best deal and not shortchange yourself. A high loan limit with fair rates that are clearly stated should be your top choice

2. Consider the repayment terms

While applying for a loan, make sure you review the terms and conditions, especially concerning the repayment schedule options. Ensure the terms allow enough flexibility for your financial situation, strength, and expectations. If you know you won’t be able to pay back as soon as the app specifies, do not take the loan! Save yourself the anxiety that will follow in the future.

Read Also: Top 10 Strategies for Boosting Sales for Business Owners and Managers

3. Check the user reviews

You can draw a reliable conclusion from the reviews of previous and existing customers of these apps. So check for reviews and recommendations on various platforms, such as app stores and social media. Pay close attention to the patterns in the comments about the app’s reliability, conditions of usage, and customer service.

4. Determine the amount you need

Determining the exact amount you need before applying for loans is highly beneficial. Don’t borrow more than you need to avoid getting into unnecessary debts. Remember that you are taking a loan to ease your financial burdens, not to compound them.

5. Prioritize your privacy

Study the app’s security measures thoroughly and check its privacy policy to understand how your information will be gathered, used, and protected. Some of the loan apps banned by the CBN are those that recklessly misuse their customers’ data and expose them to financial hurts that can be incriminating. So, pay great attention to how you grant permissions to these apps to collect your data.

Gone are the days when you faced exorbitant interest rates from commercial banks. With just a few clicks on your smartphone, you can get a loan approved and disbursed within minutes without traditional loans’ mental and physical hassles. You can now sort your needs with loan apps at your fingertip.


The above Loan Apps in Nigeria without BVN have been researched and verified from reliable sources. Before creating an account with any of them, read their terms and conditions and privacy policy.

The privacy policy will help you understand how they collect your data and protect your privacy.

I hope this guide helps you understand and find Loan Apps without BVN in Nigeria.


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