How To Get A Loan Without BVN In Nigeria
Are you looking for an up-to-date article that explains how to get a loan without BVN in Nigeria? If that’s exactly what you’re searching for then you’re not on the wrong page.
In this post, I’ll walk you through how to get a loan without BVN in Nigeria by showing you the list of loan apps in Nigeria that do not require BVN before giving their prospective customers a loan.
Whether you’re looking for how to get a loan without BVN in Nigeria, or how to get a loan in Nigeria without collateral or any paperwork, this article is the right guidance you need.
Note: The policies of these 7 loan apps in Nigeria that do not require BVN may change from requiring BVN to requiring it anytime.
But while it’s still possible, you can take advantage now.
Loan Apps in Nigeria that do not require BVN
1. CarrotPay Loan
The number one on the list of loan apps in Nigeria that requires no BVN is CarrotPay.
CarrotPay is a loan app that allows people to take a loan that ranges from N5,000 to N50,000 without BVN. The App offers a repayment period of 60 to 180 days and their interest rate is typically 3% of the borrowed amount monthly.
You can get a loan from CarrotPay in Nigeria provided that you can meet all their requirements, pass the automatic tests as well as have a good credit score then, getting your loan approved without Bvn is certain.
2. JumiaOne (JumiaPay)
JumiaOne is also known as JumiaPay, it’s a loan app owned by the JUMIA group.
With JumiaPay, you can easily get your loan processed without BVN, collateral, or any paperwork.
JumiaOne is a finance app that allows prospective users to get a loan ranging from N5,000 to as much as 100k and with a tenure of 15 to 30 days.
To get a loan from JumiaOne, you’ll need to download the app from the app store and sign up. After signing up, you can request a loan.
3. Okash
Another app I could recommend on how to get a loan without BVN in Nigeria is the Okash loan app.
Okash is a loan app owned by Blue Ridge Microfinance Bank Ltd.
As their esteemed customer, Okash may be the right app to get your loan without collateral and or BVN.
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With the Okash loan app, you can get a loan that ranges from the sum of N1,500 to as high as N50,000.
However, understand that, while Okash may not request for BVN, collateral or any other paperwork, you still have some Okash loan requirements you need to meet before a loan is successfully accrued to you.
4. Aella
Aella is a top-notch finance app in Nigeria that provides its amiable borrowers with loans that may range from just N2,000 to a whopping N1,000,000.
When it comes to quick loan approval, they’re top-notch, and when it comes to faster disbursement, they are top notch!
I could remember I tried this app in the year 2019 and could see they aim at pleasing all their prospective customers.
Getting a loan from Aella is fast and easy even without BVN, collateral, or any paperwork.
5. Eyowo
Eyowo lending platform is a financial loan app that provides easy, digital, and reliable financial loans to anyone with just a phone number and does not require your BVN, collateral, or any paperwork to get your loan processed.
As an Eyowo user, you can easily carry out some transactions like borrowing, spending, sending, receiving, and saving money on the app just by simply dialing a USSD code *4255# on your mobile phone.
6. Carbon
Among the best and at the same time the oldest loan apps in Nigeria.
Carbon is a loan app in Nigeria that enables its users to take a loan of up to the sum of N500,000.
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One of the advantages that could make you choose this financial loan app is that it requires no paperwork, BVN, or collateral just like the previous ones mentioned earlier.
To apply for a loan, kindly download the Carbon loan app from Play Store or any app store. Once you’ve successfully completed the download open the app, sign up filling all the required information then apply for the loan.
7. Quick Check
Quick Check is also one of the best loan apps in Nigeria that makes life easy and comfortable for their prospective customers.
With Quick Check, you can apply for a loan and get up to N300,000 but not at the first trial.
Borrowing money from Quick Check requires no paperwork or collateral but it’s essential you meet their basic requirements before the loan can be accrued.
Frequently Asked Questions On How to get a loan without BVN in Nigeria
Frequently Asked Questions On How to get a loan without BVN in Nigeria can be seen below:
Why is BVN required for loan applications in Nigeria?
BVN is required for loan applications in Nigeria to verify the identity of the loan applicant and to reduce the risk of fraudulent activities.
How can I get a BVN in Nigeria?
You can get a BVN by visiting any bank branch in Nigeria and providing your personal information and biometric data such as fingerprints and photographs.
What are the alternatives to getting a loan without BVN in Nigeria?
There are limited alternatives to getting a loan without BVN in Nigeria. You may consider borrowing from family or friends or exploring other sources of funding such as grants or investments.
Is it safe to provide my BVN to loan providers in Nigeria?
Yes, it is generally safe to provide your BVN to loan providers in Nigeria as they are required by law to protect your personal information and use it only for legitimate purposes.
However, it is important to ensure that you are dealing with a reputable loan provider before providing your BVN or any other personal information.
Conclusion On How To Get A Loan Without BVN In Nigeria
The BVN was introduced by the Central Bank of Nigeria to curb fraud and other financial crimes, and it has become a mandatory requirement for all financial transactions in Nigeria. Banks and other financial institutions use the BVN to verify the identity of their customers and to prevent fraudulent activities.
Therefore, if you do not have a BVN, you may not be able to access most financial services in Nigeria, including loans. Although I have provided some loan apps you can get a loan from, but, It is important to register for a BVN if you do not have one to avoid any difficulties in accessing financial services in Nigeria.
