Loan App without BVN in Nigeria and Face Verification

You probably know you can take a loan in Nigeria on your phone using loan apps but you don’t know which of these apps works without BVN. Well, stress no more; in this article, you know loan app without in Nigeria or BVN verification.

With the introduction of BNV, you can take a loan without walking into the banking hall to fill any form even with the known banks in Nigeria. However, some loan apps have also started giving loans to Nigerians without face verifications or BVN.

With these apps, you can borrow 5000 without leaving your room. Although these loan apps for Nigerians work differently with different terms but they can all borrow money instantly and pay it back later with a very minimal interest rate.

However, no loan app will borrow you money without interest. The only difference is that the interest rate is different and the repayment plan will also be different.

Loan App without BVN in Nigeria

It’s not all loan apps that give loans without face verification or credit check. Some of these loan apps don’t need your ATM card which means that you can use your favourite loan app without ATM card in Nigeria.

So, without delay, below are the best instant loan apps without BVN or an ATM card in Nigeria to borrow money.Loan App without BVN in Nigeria

Recommended: GTbank USSD Transfer Code

Branch Loan App

The branch loan app offers instant loans on your phone without requesting BVN. Aside from that it also offers other digital banking services such as money transfer, bill payment, high-yield investments and even savings where you will have a dedicated bank account to save your money. Meanwhile, you don’t need to have savings before you can request loans from this platform.

You can get instant loans between 1,000 – 200,000 instantly within 24 hours but, the Branch loan app interest rates range from 15% – 34%.


FairMoney gives loans without collateral and you can get a personal loan up to 1,000,000 with an interest rate ranging between 2.5% – 30% per month depending on how much you choose to borrow or 30% to 260% APR (annual percentage rate).

However, your credit score determines whether your loan will be approved or not. Also, your source of income can also determine whether or not your loan application will be declined.


Carbon is formerly referred to as Paylater. The loan app offers instant loans with different repayment plans. You don’t need a guarantor or collateral to take a loan from Carbon. You can take a personal loan of up to 500,000.

The Carbon Loan app calculator allows you to calculate your loan interest rate based on how much you want to borrow and the duration it will take you to repay your loan. Also, the amount to repay per month and the total payments.

The lowest interest rate per month on 2,500 is 4.% per month. So, the longer the time from for your repayment plan the higher the interest rate.


If you think of another loan app in Nigeria without BVN that you can use that provides a flexible repayment plan of up to 12 months you should consider the Quickcheck loan app. The loan app disburses loans to their customers instantly and you can repay the loan using different payment options such as USSD, bank transfer or the built-in in-app bank repayment.

However, to take a huge loan from Quickcheck your loan cap and how often you repay borrowed money determines the level of trust and possibly the ability to raise your loan.

The best of this loan app is that it charges a 5% interest rate on your first loan while other loan interest rates range from 1% – 21% or 30% – 260% APR.


RenMoney offers flexible instant personal loans of up to 6,000,000 in less than 24 hours with up to 24 months of repayment plan. You can also take a business loan without collateral, paperwork and guarantors. For a business loan, you can get up to 15,000,000 in less than 24 hours with an option to pay it back in 24 months.

The interest rates range from 2.9% – 34.17% and it depends on the loan repayment duration.


Migo was previously known as KwikMoney. It offers instant load either by using a USSD code or on the mobile app. All you need to get a loan on Migo is your phone number and a few information about your bank details and your account will be credited.

There is no need for documentation or collateral The interest rates start from 5% to 25%. However, it’s worth noting that the interest rate is not the same for the amount borrowed. This also depends on the information provided. While your interest rates are minimal you can still require a huge loan. The repayment plan also ranges from 14 days to 30 days.

Aella Credit

Aella Credit offers instant loans directly on your mobile. All you need to do is download and install the Aella credit loan app and request a loan for your personal or business purposes. Your account will be credited in less than minutes once your application is approved You can borrow up to 1,000,000 without collateral and the interest rate ranges from 22% – 264% APR or 2% – 20%.

The interest rate varies depending on several factors with a soft landing repayment plan or period of up to 90 days depending on the loan plan you choose.


Kiakia loan app is a peer-to-peer leading investment platform that offers loans to small businesses with a flexible interest rate of as low as 6.5%. To take a loan on this platform without face verification you simply need to chat with a bot providing your email and the next steps will be revealed. You have the grace to borrow between 10,000 and 200,000 with a repayment plan of 7 days and not more than 30 days.

MTN Xtracash

You can get a cash loan from the MTN network if you are an existing MTN Diamond Yello subscriber. This is more like a micro-credit loan from MTN to Diamond Yello subscribers. However, this loan app works differently. They deducted the interest, 15% before your account is credited and you will only need to pay the amount borrowed without the interest.

To apply for an MTX Xtracash loan you simply need to dial *606# from your MTN Diamond and choose 4 to select Xtracash. You can follow the prompt to take your loan with the USSD code.


Okash offers a different loan application method that allows users to cancel their loan within 24 hours once their account has been credited. This allows you to pay only the loan without the interest (principal) within the first 24 hours.

You can borrow a minimum of 5,000 naira and a maximum of 500,000 naira without a different repayment plan and interest rate.

Okash offers loans based on individual differences based on the information provided. Okash loan app, however, charged 1.2% of the principal per day for a fixed term of 15 days.

Jumia Pay

You can get an instant loan with Jumia Pay, a subsidiary of the popular e-commerce website in Nigeria. It offers a flexible payment plan and you don’t need collateral to take a loan from Jumia Pay. You can borrow up to 500,000 naira per day at max and you can borrow as low as 10,000 naira.

Loan from Jumia Pay attracts a minimum of 3.5% interest rate with a one-time payment of 0.5% processing fee

Quick Teller

Quick teller is another platform to take a loan with a reasonable interest rate between 3% – 15% throughout a repayment plan between 10 days and 90 days. If you are considering taking a soft loan of not more than 50,000 naira you can turn to Quick Teller with an interest rate of not more than 15% that you can repay in 90 days.

However, before your loan can be approved your financial record will be confirmed if you have not been taking loans from other loan apps without paying back.


Eyowo loan app is another popular loan app in Nigeria that gives out loans without BVN or face verification. You can take up to 50,000 loans with a 90-day repayment plan. Eyowo offers a reasonable interest rate of not more than 15% and not less than 5% depending on how much loan you are taking.

This is a flexible loan for students because you cannot exceed 50,000 after verifying your loan credit score. You can also take as low as 5,000 naira and repay with no more than a 7% interest rate.


ALAT by WEMA is another loan app to get an instant loan in Nigeria. It’s part of the Nigeria WEMA bank that offers fast and instant loans to customers with collateral or paperwork.

However, you must have a valid account with WEMA to be able to take the loan whether by using a USSD code or using the mobile app. You can borrow up to 2,000,000 naira with a discreet repayment plan.

However, Alat by WEMA interest rate is very low and it’s not more than 2% interest rate per month.

Online Loan App without BVN

I believe you need to know about online loan app without BVN so that you will know how to prepare yourself.

Do these loan apps require any form of identification?

Not all loan apps require BVN verification since they know some people shy away from that for security purposes. Loan app companies may devise other means such as requesting means of identification like a national ID card, driver’s licence, voter’s card, selfie or face verification.

What are the maximum and minimum loan amounts available?

This varies based on the loan app. Some loan apps’ minimum and maximum loan amounts fall within the range of 10,000 and 2,000,000 while some can offer personal loans of up to 6,000,000 naira and business loans of up to 15,000,000.

What are the interest rates and repayment terms?

There is no fixed interest rate for all online loan apps without BVN. The interest rate and terms vary depending on the loan app company. However, a good interest rate shouldn’t be more than 13% at maximum on a repayment plan of 30 days at minimum

How quickly can I receive the loan after approval?

Most of these loan apps disburse approved loans instantly once the credit score has been confirmed.

Are there any hidden fees or charges?

These vary as most banks don’t disclose that they charge a processing fee. In most cases, some loan app companies charge an extra one-time fee of 0.5% to process the loan. Also, if the loanee defaults, it may attract hidden fees or charges.

What happens if I default on repayment?

You can be charged to court for default on the repayment plan and in most cases, if you default on your loan repayment plan it will accrue more percentage until the loan is paid.

Is my personal information safe?

You are the one who can say whether the personal loan you want to take is worth it or not. Most personal loan takers must have a stable source of income to be able to pay on time following the repayment plan.

Are there any restrictions on how I can use the loan funds?

It depends on the loan app. Some loan apps impose restrictions on what the loanee can use to repay the loan. Some are transparent while some keep it as their business secret.

What happens if the loan app shuts down or goes out of business?

You need to understand your loan app policy. If it says you will repay if they shut down them you will be tracked and asked to pay the loan. However, most loan apps will control what they give out once they have a sniff of shutting down.

Are there any alternatives to using loan apps without BVN?

Yes, some loan apps don’t need a BVN as a means of identification when they rely on other advanced technology. However, the easiest way to give out loans and track loanees is using their BVN.

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