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Without BVN, it is harder to get a loan than without collateral. This has made it very hard for people in Nigeria to find out how to get a loan.

For getting a loan, the Bank Verification Number (BVN) is a very important requirement.

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The BVN is a special screening and identification system that is based on biometrics. Banks use it to check and control illegal financial activities.


Based on the Central Bank of Nigeria Act of 1958, which sees the BVN as a safe way to stop financial crimes or fraud in the banking system, each citizen has a unique BVN that can be used in any bank in the country.


Now, the important question is,

Can I Get Loan Without BVN?

Yes, you can get a loan right away even without a BVN. There are a number of apps and websites that let you get a loan right away without a BVN.

Some may only need your ID, phone number, home address, and account number, while others may only ask for a USSD code.

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Once this is done, make sure you get your money within 24 hours of being approved.

What apps in Nigeria can give out instant loans without a BVN?

In Nigeria, there are many apps that can give you instant loans without a BVN.

But we did a lot of research and found the 5 instant loan apps in Nigeria that don’t need a BVN. Keep reading, and we’ll tell you everything you need to know about each of these instant loan apps.


Here are the top five instant loan apps in Nigeria that don’t require a BVN, listed in no particular order;

1. Okash Loan App

One of the top five instant loan apps in Nigeria that don’t require a BVN is Okash. The Blue Ridge Micro Finance Bank Limited owns and runs it.

The Opay Digital Services company owns the Opay mobile app, which can be used to get this loan. The least you can borrow is 1,500 Naira, and the most you can borrow is 50,000 Naira.

The interest rate is between 10% and 24% per month, and the length of the loan is between 7 and 90 days.

As you use the app more often, the interest rate bar goes down, which is an interesting thing.

2. Aella Credit Loan App

Aella credit loan apps is another app in Nigeria that lets you get a loan right away without a BVN. This app works in more than just Nigeria. It also works in Ghana and the Philippines.

At first, this app was made to help employees of reputable companies deal with emergencies. Over time, however, it became available to anyone and then to registered businesses.

With the Aella credit loan app, you can borrow between 2,000 and 1,000,000 Naira and pay it back over 30 to 60 days. The monthly interest rate is 30%.

Your loan limit goes up if you pay back your loan on time and quickly. Also, paying on time lowers your interest rate in a roundabout way. Yes, it can go down from 30% to 4%.

You can also put money into the app. Depending on how much you put in, your annual Return On Investment (RIO) could be anywhere from 15% to 48%.

3. FairMoney Loan App

We can’t talk about the best instant loan apps in Nigeria that don’t require a BVN without mentioning FairMoney Loan App.

It is one of the best apps for getting loans without a BVN and other problems like paperwork and a guarantor for things like medical and house bills that come up quickly.

But you have to show that you can be trusted. You can borrow anywhere from 1,000 to 150,000 Naira for two to thirteen weeks.

If you own a small business and want to start a new one or grow your current one, you can use the FairMoney loan app to apply for a loan and have the money deposited into your account as soon as you get approved.

4. Eyowo Loan App

Another app you can use to get a quick loan without having to worry about BVN. You can get an instant loan from the Eyowo loan app if you have a phone number that can be checked.

To do this, remove the first zero from your phone number and use the USSD code *4255# on the Eyowo loan app. You can also call 10-7001511 to reach their IVR center.

Their services are trustworthy and easy to use. You can send and receive money without having to wait in line at the bank or go through the hassles of getting a bank loan.

5. ALAT Loan App

The world-class WEMA Bank owns and runs the ALAT app, which is a fully digital bank.

You can start taking charge of your money right away by going to your app store and downloading the ALAT app.

You can send and receive money online with this app from Wema bank. Also, make sure you get a free, personalized Naira and Dollar (virtual) ATM card.

With your Dollar ATM card, it’s easy to do business online. If you have both a virtual dollar ATM card and a Naira ATM card, you can get a loan from the bank right away without any paperwork or even collateral.

You can borrow up to 200,000 Naira without a BVN, collateral, or other paperwork, and you’ll have plenty of time to pay it back.

You can also get up to 10% of your savings if you use the ALAT loan app to save.

Questions People Ask Most Often About Loan Applications

Can you get a loan without a BVN?

Yes, you can get loans without a BVN. All you have to do is go to your playstore and download one of the 5 Instant Loan Apps Without BVN In Nigeria. When you’re done, sign up, go to the menu, and do what’s shown there.

Which loan app is fast?

We can’t say that one loan app is faster than another, but we have put together a list of the five best instant loan apps in Nigeria. Those are;

  • Okash loan app
  • Aella credit loan app
  • FairMoney loan app
  • Eyowo loan app
  • ALAT loan from Wema bank

What is the best loan app?

There is no best loan app. You just have to choose the one that works best for you. This is after you have compared the different terms and conditions of the best loan apps, such as their payment plans.

How trustworthy are these loan applications?

All of the loan apps we told you about are real and trustworthy. You don’t need a lot of paperwork, collateral, or a BVN to get a loan from them.

Even so, you should be careful with some loan apps because they may be fake and used by scammers to look like real banking apps.

Concluding Thoughts

Don’t let emergencies or urgent needs leave you stuck when there are other options.

Yes, you can still fix up that small business with loans from these 5 Instant Loan App Without BVN In Nigeria: FairMoney, Aella credit, Okash, Eyowo, and ALAT loan apps.

They can be trusted and don’t need a Bank Verification Number, collateral, or a lot of paperwork.

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