Do you need urgent money? Do you want a quick loan without giving your BVN or security? You can get immediate loans without providing your BVN, even though it might seem too good to be true.
Here, we will show you how to get loans from different banks in Nigeria without worrying about BVN or collateral. You’ll find all the information you need here. You may also like to apply for Federal Government Interest-free Loans.
What is BVN?
Every person in Nigeria’s banks has a special 11-digit number called the Bank Verification Number (BVN). The Central Bank of Nigeria created this biometric system to stop unauthorized banking activities and reduce fraud. It keeps transactions safe from fraud.
Always keep your BVN number secret. Some bad loan apps might try to use it dishonestly. So, be careful when sharing your BVN on any platform.
Top Instant Loans in Nigeria Without BVN
Here are some good websites in Nigeria where you can get loans without BVN:
1. JumiaOne Loan App
JumiaOne is a real lending app where you don’t need to give your BVN. Just go to “Financial Services” and click “Loans” to get loans. Your loan will be ready in a few minutes after you give the needed info. Jumia One charges 3.5% interest each month plus a 0.5% processing fee.
Someone I know needed cash while traveling and tried the JumiaOne Loan App. They liked the fair interest rates and easy application. The loan came quickly, and they had a worry-free trip. Apply for Federal Government Interest-free Loans.
2. Carbon Loan App (Pay Later)
Carbon, formerly Paylater, is another reliable app. You can borrow from N5000 to N1,000,000 with terms from 7 to 180 days. They credit your account within 3 minutes of applying. The interest rate is between 1.75% and 30%, with a monthly rate of 1 – 21%. You may like to check how to get Carbon Paylater Loan.
3. OKash Loan App
OKash is a trusted platform for borrowing loans. You can use it through the Opay mobile app. OKash’s interest rate is around 36.5%.
4. Aella Credit Loan App
Aella Credit is another platform where you can borrow loans without BVN. You can get loans starting at N2,000 up to N1,000,000. They credit your account within 10 minutes of applying. Interest rates range from 2% to 20%.
5. FairMoney Loan App
FairMoney gives you immediate cash without needing BVN, documents, collateral, or a guarantor. You can borrow between N1,000 and N150,000 with a 2 to 12 week repayment. Your creditworthiness decides the loan amount, and the interest rate is 1% to 3% per month.
Someone I know needed money for a medical payment. They used the FairMoney Loan App and got the loan quickly without a BVN. The process was easy, and the money was in their account within minutes. Check out Fairmoney Loan Application In Nigeria.
In Nigeria, there are safe platforms for loans without BVN. Choose from the options above and protect yourself. Remember to keep your BVN private and be cautious about sharing it.