Loan without BVN in Nigeria

7 Instant Loan without BVN in Nigeria( 2023)

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Do you need a quick loan without BVN or collateral? Taking a loan in Nigeria is very tedious, especially if you are not a business person or government salary earner. Apart from submitting various kinds of documents, you will still have to provide collateral. 

It is well known to almost everybody in Nigeria that you must have certain documents, including BVN before you can take a loan from any bank in Nigeria. But wait, what if I tell you that you can get an instant loan without BVN in Nigeria? How is that possible? I guess that is your question.

Well, in this article, we are going to show you the 7 best platforms to get instant loan without BVN in Nigeria. 

What is BVN all about

BVN stands for bank verification number. It is a biometric identification system implemented by the central bank of Nigeria to prevent or decrease fraudulent and illegal bank transactions. 

BVN is a unique 11-digit that contains your details, including your picture and fingerprint. That is why it is very important always to keep your BVN secret and protect it. In addition, you should note that one person can only own one BVN.

RELATED POST: How To Check BVN Online Using MTN, Glo, 9Mobile, And Airtel

Loan without BVN

7 Instant Loan without BVN in Nigeria

Do you want to take a loan without giving out your BVN? Below is the list of 7 Platform where you can get  instant loans without BVN in Nigeria: 

  1. Carbon (Paylater) Loan App

This platform was formerly known as Paylater before it was changed to carbon. It is a platform that offers more than just loans. When it comes to loans, carbon is one of the best platforms that will grant you a loan with just a simple click and without collateral. The platform gives a loan of N5,000 to N1,000,000 with little interest and a duration of 7 to 180 days. Carbon pays your loan on time. They will credit your account within 3 minutes of submitting your application.

  1. Fair money Loan App
Fair money Loan App

Fair money is one of Nigeria’s most popular and reliable loan apps, with more than 5 million downloads. You can get a loan on fair money without BVN or collateral with just a few clicks. However, you will need a valid ID card and bank account. The fair money loan ranges from N1,000 to N150,000 with a repayment period of 2 – 12 weeks,  while the interest rate ranges from 10% to 24%. 

  1. JumiaOne loan app

Are you in need of instant loans without BVN in Nigeria? jumiaOne loan app is a perfect app that can grant you that. Just as the name suggests, jumiaOne is owned by one of the most popular digital marketplaces in Nigeria known as Jumia. Although the platform is not just for the loan, it is a multi-purpose app with many features, such as online payment. 

Simply scroll down to ‘Financial Services’ and click ‘Loans’ to access loans through this application. Your loan will be processed within minutes after you provide the required information.

Yet, the app has a specific feature that allows users to take a loan of N5,000 – N100,000 without collateral. In addition, the Jumia repayment period always starts from 15 days to 30 days and more, depending on the user’s Jumia credit score.


PALMCREDIT is one of the most popular mobile loan apps in Nigeria. It offers loans without BVN requirements, making it a great option for people who don’t have a BVN and those who don’t want to give out their BVN. However, to apply for a loan on PALMCREDIT, you need to provide your personal information, contact details, and bank account details. You also need to select the loan amount and repayment period. Once you submit your application, PALMCREDIT will review it and send you a loan offer within 24 hours. The money will be deposited into your bank account within 48 hours if you accept the offer. PALMCREDIT charges an interest rate of 5% per month on all loans. There are no additional fees or charges. The repayment period for loans on PALMCREDIT is between 2 weeks and 4 weeks.

  1. Eyowo 

eyowa is not just a digital lending platform but a mobile banking system. The platform allows users to send, save and receive money in Nigeria. When it comes to the lending aspect, eyowo is one of the instant loan apps without BVN in Nigeria. The exciting part about this app is that you can perform almost all the transactions without the USSD code, which is *4255#. The availability of the USSD code makes it easy for users to perform the transactions seamlessly.


Money Pal is a lending platform that offers loans without BVN verification. This means you can get a loan without going through the traditional banking process. With Money Pal, you can get a loan of up to N100 000 without BVN verification. All you need is a valid ID and a bank account. The application process is simple and straightforward; you can get your money in as little as 24 hours. If you’re in need of quick cash, then Money Pal is the perfect solution. 

  1. Branch loan app

Branch loan app is one of the instant Loan without BVN in Nigeria.

Branch will always be on the list when talking about fast, reliable, and safe loan apps in Nigeria. The platform grants easy and quick loans to users without collateral or heavy documents. 

Branch has been one of the favorite loan apps for Nigerians. By the time of writing this, the branch loan has more than 10 million downloads on play store.

However, you will need a valid ID card and an active bank account to take a loan from this app. With those requirements, you can borrow from N1,000 – N200,000 from the branch with an interest of 15% – 34%, depending on the repayment period.

Check out: I Need a Loan of 50000 Naira.  (The Best Way to Get It)

A final thought on 7 instant loans without BVN in Nigeria 

If you are in need of a loan but do not have a BVN, there are still options available to you. There are many private lenders who are willing to work with those without a BVN, though the interest rates may be higher than what is offered by banks. 

However, most of those platforms listed above have been abused by Nigerians; they may start requesting BVN but no collateral. If you are interested in taking an instant loan in Nigeria without stress, then check the listed platforms.

Finally, most of those platforms may request access to your phone and your contact before you can take a loan from them.

Do you have a question about a loan without BVN? Let us know in the comment section.


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