Loan Apps Without BVN In Nigeria

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Getting access to quick and affordable loan services has become increasingly important for many Nigerians. Thankfully, a variety of loan apps have become available in recent years. However, many of these apps require a Bank Verification Number (BVN) for access to their services. If you don’t have a BVN, then you might be wondering what your options are. 

In this blog post, we will look at some of the best loan apps that don’t require a BVN in Nigeria. We will discuss the different types of loans available, the requirements, and the repayment terms.


Palmpay is a digital payment and financial services platform that has been gaining a lot of attention in Nigeria lately. One of the standout features of the app is its ability to offer quick loans without requiring BVN. Palmpay’s loans are available to individuals and small businesses, and the application process is fast and straightforward. 

To get started, all you need to do is download the Palmpay app from the Google Play or Apple Store, sign up and complete the KYC (know your customer) process. Afterward, you can apply for a loan within minutes, and once your application is approved, the funds are disbursed directly into your Palmpay wallet. 

Palmpay also offers several other financial services, such as bill payments, airtime top-up, and peer-to-peer transfers, making it a great all-around digital finance app. Overall, if you are looking for a reliable loan app that doesn’t require BVN, Palmpay should be on your radar.


Okash is another popular loan app in Nigeria that offers instant loans without the need for a BVN. The app is owned by Opera, the same company behind the popular Opera Mini browser. Okash offers loans up to ₦50,000 and charges interest rates between 5% to 15%. The loan tenure ranges from 15 to 91 days, and the loan is disbursed within 5 minutes of approval.

To apply for a loan on Okash, simply download the app from the Google Play Store, register with your phone number, and complete the application form. You will receive a loan offer within minutes, and if you accept it, the loan will be disbursed to your account.

Okash uses a risk-based approach to determine your creditworthiness, which means that your loan amount and interest rate will depend on your credit score and other factors. However, the app does not require a BVN, making it accessible to more people.

Okash also offers a loyalty program that rewards users with points for every loan taken and repaid on time. The points can be redeemed for discounts on future loans.

In summary, Okash is a great option for anyone in Nigeria who needs a quick loan without the hassle of a BVN. With its easy application process, fast loan disbursement, and loyalty program, Okash is definitely worth considering.


KwikCash is another popular loan app in Nigeria that offers loans without requiring a BVN. With KwikCash, users can apply for a loan of up to ₦100,000, and the application process takes just a few minutes to complete. KwikCash requires users to have an active bank account and a valid means of identification, such as a driver’s license or national ID card.

To apply for a loan on KwikCash, simply download the app from the Google Play Store or Apple App Store and register. Once registered, enter your loan amount and repayment period, and the app will calculate the interest rate and repayment schedule. If you accept the loan terms, KwikCash will disburse the funds to your bank account within minutes.

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KwikCash also offers flexible repayment options, allowing users to repay their loans in installments over a period of three months. Additionally, the app offers cashback rewards to users who repay their loans on time, which can be used to access larger loans in the future.

Overall, KwikCash is a great loan app for those who need quick access to cash without a BVN requirement. However, it is important to note that the interest rates on KwikCash can be high, so users should be sure to read and understand the loan terms before applying.


Aella is another loan app in Nigeria that allows users to borrow funds without the need for a BVN. The app offers quick and easy access to loans ranging from N1,500 to N1 million, with a repayment period of up to two months.

To use the Aella app, simply download and install it from the Google Play Store or Apple App Store. Then, sign up and complete your profile to be eligible for a loan.

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Once your account is verified, you can then apply for a loan. Aella uses an advanced algorithm to analyze your creditworthiness and determine your eligibility for a loan. If approved, you can receive your funds within minutes, directly into your bank account.

Aella charges an interest rate of 20% on loans, which is relatively low compared to other loan apps in Nigeria. However, if you fail to repay your loan on time, you will incur additional charges and fees.

In addition to providing loans, Aella also offers other financial services such as investment opportunities, insurance products, and bill payments. The app is available to Nigerians aged 18 years and above, and the loan amount is based on the user’s creditworthiness.

Overall, Aella is a reliable loan app that allows users to access funds quickly and easily without the need for a BVN. However, users should ensure they repay their loans on time to avoid additional charges and fees.


Branch is a popular loan app in Nigeria that offers quick loans to individuals without the need for collateral or paperwork. This app allows users to borrow as much as ₦200,000 with a repayment period of up to 15 months.

One of the unique features of Branch is its loan calculator that helps users estimate the amount of money they can borrow based on their creditworthiness. The app also offers a referral program that rewards users for referring friends and family to use the app.

To use Branch, users need to download the app from the Google Play Store or the App Store and sign up using their phone number. Once signed up, users can apply for a loan and receive a response within minutes.

Branch uses a combination of data points to determine the creditworthiness of users, including their repayment history and their social media activity. This makes it possible for individuals without a BVN to access loans through the app.

Overall, Branch is a great option for individuals in need of quick loans without the need for collateral or paperwork. The app has a user-friendly interface and offers flexible repayment options, making it one of the top loan apps in Nigeria.


Sokoloan is another popular loan app in Nigeria that is accessible without a BVN. With Sokoloan, you can borrow up to N100,000 with an interest rate of 4.5% per month. The loan repayment duration ranges from 7 to 180 days, giving you ample time to repay the loan without pressure.

To apply for a loan on Sokoloan, you need to download the app from the Google Play Store, create an account, and complete your profile. Once your profile is complete, you can proceed to apply for a loan by selecting the loan amount you need and the repayment duration that suits you.

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Sokoloan uses an advanced credit scoring system to determine your creditworthiness, so ensure that your profile information is accurate and up to date. Once your loan application is approved, you will receive the funds in your account within minutes.

One of the unique features of Sokoloan is the Sokoloan Rewards Program, which offers rewards to loyal borrowers who make timely loan repayments. These rewards include access to higher loan amounts, lower interest rates, and extended loan repayment durations.


Carbon, formerly known as Paylater, is one of the most popular loan apps in Nigeria, and it offers a loan service that doesn’t require BVN verification. With Carbon, users can borrow up to ₦500,000 without providing their BVN. Carbon’s loan process is fast and efficient, and it takes only a few minutes to complete. The app offers flexible repayment options and a competitive interest rate. 

In addition to its loan service, Carbon also provides other financial services, including bill payments, airtime purchases, and fund transfers. The app has a user-friendly interface and is available for download on both Android and iOS devices.


Which app can I use to borrow money without BVN? 

Borrowing money without a BVN (Bank Verification Number) may be challenging as most legitimate loan apps in Nigeria require BVN verification for identity verification and risk assessment purposes. However, it is advisable to research and explore alternative lending options that may not require a BVN, such as peer-to-peer lending platforms or informal lending networks. Please note that it is essential to exercise caution and thoroughly review the terms and conditions of any lending platform before proceeding.

What is the name of the fake loan app in Nigeria? 

It is crucial to avoid mentioning specific loan apps as “fake” without concrete evidence of fraudulent activities. However, it is important to be cautious of loan apps with poor reputations, negative user reviews, or questionable practices. Always conduct thorough research, read user experiences and reviews, and verify the legitimacy of loan apps before engaging with them.

Which loan app can give me 50,000 Naira? 

There are several loan apps available in Nigeria that offer varying loan amounts, including 50,000 Naira. Some popular loan apps in Nigeria that provide loan options in that range include Carbon, FairMoney, RenMoney, and Palmcredit. However, the specific loan amount and eligibility criteria may vary based on factors such as your creditworthiness, repayment history, and income level. It is advisable to research and compare different loan apps to find the one that best suits your needs.

Does Carbon require BVN? 

Yes, Carbon (formerly known as Paylater) typically requires BVN for loan applications. BVN verification is a common practice among loan apps and financial institutions in Nigeria to verify the identity of borrowers, assess creditworthiness, and prevent fraudulent activities. Providing your BVN helps establish trust and security in the loan application process.

Can I borrow 100,000 Naira from FairMoney? 

 FairMoney is one of the popular loan apps in Nigeria that offers personal loans to individuals. The loan amount you can borrow from FairMoney may vary based on factors such as your creditworthiness, repayment history, and income level. 

While FairMoney provides loans, including amounts up to 500,000 Naira, the specific loan amount you are eligible for will be determined during the loan application process based on their internal assessment criteria.


In conclusion, if you’re looking for loan apps without BVN in Nigeria, you’re in luck! There are a handful of options available, including Palmpay, Okash, KwikCash, Aella, Branch, Sokoloan, and Carbon. 

While these apps may not require a BVN, they may have other requirements such as a valid ID or proof of income. It’s important to thoroughly research each app before applying for a loan to ensure that it is the best option for your financial situation. 

Always remember to borrow responsibly and only take out loans that you can afford to repay. With these loan apps, accessing financial assistance without a BVN has never been easier.

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