The best loan app without BVN includes Aella Credit, Carbon and Yanzu Afrika They also have fair interest rates and let you pay back the loan at your own pace
Introduction
Getting quick loans in Nigeria has become easier with the rise of mobile apps. But many of these apps ask for BVN (Bank Verification Number) and collateral. However, some apps are more flexible and don’t require BVN.
Research shows that out of the many loan apps available in Nigeria, only about 14 of them let you borrow money without needing BVN. These apps are helpful for people who either don’t have a BVN or don’t want to give it because of privacy reasons.
One of the popular apps in this category is Carbon loan. It’s easy to use and doesn’t take long to approve your loan.
They also have fair interest rates and let you pay back the loan at your own pace. Another good option is Aella Credit. It’s user-friendly and clear about its rules.
You can borrow money without sharing your BVN, though the loan amounts might be a bit limited compared to other apps.
These apps are handy if you need money urgently and don’t want the hassle of BVN verification. But there’s a catch – the amount you can borrow might not be as much as what other apps offer. This is because the companies need to be careful about giving out large sums without BVN.
So, if you’re looking for a quick loan in Nigeria without BVN, there are options available. Just remember to use these apps responsibly and pay back the money on time. Here are the best loan apps without BVN in nigeria
| Best Loan Apps without BVN |
| Yaznu Afrika |
| KiaKia |
| Carbon |
| MiniOma |
Carbon
Carbon Loan is one of the best loan apps in Nigeria because it lets you borrow money without needing to give your BVN. BVN is like a special code for your bank account.
Most loan apps ask for it, but Carbon doesn’t. With Carbon, you can borrow up to N3000 without BVN.
Even though the maximum loan amount is limited, Carbon is still really helpful for getting small loans fast.
It’s easy to use, and they decide quickly whether you can get the loan or not. Plus, they explain everything clearly so you know what you’re getting into.
Aella Credit
Aella Credit is a loan app in Nigeria that doesn’t ask for your BVN, which is like a secret code for your bank account.
Before, some people thought it was like a bad guy who lent money at very high prices, like a “loanshark.” But now, it’s approved by the Central Bank of Nigeria (CBN), which means it follows all the rules.
Even though Aella Credit doesn’t ask for your BVN, it’s important to know they charge a lot of interest on the loans.
This means you have to pay back more money than you borrow. But because it’s recognized by the CBN, it’s now seen as a proper place to borrow money.
If you’re thinking about using Aella Credit, be sure you understand how much interest you’ll have to pay back. It’s good they don’t ask for your BVN, but remember the interest rates are high. So, only borrow from them if you really need to and if you’re sure you can pay it back on time.
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Jumia pay
Jumia Pay Loan is a special offer for people who buy a lot on Jumia, an online shop. They give loans without needing your BVN, which is a secret code for your bank. If you shop a lot on Jumia, you can get up to N50,000 without sharing your BVN.
Jumia Pay Loan is trusted, so people feel safe using it. It’s like having a reliable friend.
Since Jumia Pay Loan doesn’t ask for your BVN, it’s easy for shoppers who need extra money. And because Jumia is a big company, you can trust borrowing from them.
If you shop on Jumia often and need some extra cash, Jumia Pay Loan could be great for you. Just remember to use it wisely and pay back what you owe on time. That way, you can enjoy shopping and borrowing money without worries.
MiniOma
MiniOma is a new app for borrowing money quickly. You don’t need BVN, just your phone number and some personal info. With MiniOma, you can get up to N2000 right away.
They’re famous for their ads, so many people know about them.
It’s easy to use MiniOma – you just give your phone number and some details, and that’s it! You can get the money you need fast, without any BVN fuss.
Remember, though, MiniOma is best for small amounts, and you need to pay it back on time. They charge interest, so be careful and only borrow what you really need.
But if you need a quick loan without BVN hassle, MiniOma could be perfect for you.
Lcredit
Lcredit is a fresh addition to the loan app scene, offering borrowing options without the need for BVN. While they provide loans for smaller amounts, they require users to provide a profile and ID. This means you have to share some personal information with them to get a loan.
Even though Lcredit is new, they are gaining attention for their unique approach to lending. By not asking for BVN, they make it easier for people to access money quickly
KiaKia
KiaKia is a popular loan app known for its simplicity and straightforward requirements. They have a USSD code, which is like a special phone number you can use to access their services easily – it’s *448#. With KiaKia, you can get a loan of up to N5000 without needing to provide your BVN. It’s quick and easy!
Many people like KiaKia because it’s easy to use and doesn’t ask for too much. They understand that sometimes you just need a little help, and they’re there to provide it without making things complicated.
So, if you need a small loan in a hurry, KiaKia could be the perfect solution for you. Just remember, for amounts over N5000, you’ll need to provide it
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Yanzu Afrika
Yanzu Afrika is a recently launched loan app offering borrowing options without requiring BVN, although this option might not be available for long. They stand out with a lower monthly interest rate of 6%, which is appealing to borrowers looking to save on borrowing costs.
With Yanzu Afrika, individuals can access loans of up to N10,000 without the need for BVN verification, providing a convenient solution for those in need of quick funds.
However, it’s important to note that this BVN-free option might not be available indefinitely, so borrowers should take advantage of it while it lasts.
The lower interest rate offered by Yanzu Afrika is a significant advantage for borrowers, as it means they’ll pay back less in interest compared to other loan apps.
This can make borrowing more affordable and manageable for individuals facing financial challenges.
Overall, Yanzu Afrika presents a promising option for borrowers seeking quick loans without BVN verification, especially considering its competitive interest rates.
However, borrowers should act swiftly to take advantage of this offer before it potentially changes in the future.
Ncash
Ncash is a popular loan app in Nigeria. It is very easy to use and gives loans quickly, usually in just three minutes. Many people like it because it is fast and simple.
To get a loan from Ncash, you only need a phone number. Unlike other loan services, Ncash does not ask for a Bank Verification Number (BVN). This makes it easy for more people to get loans.
People trust Ncash because it is honest and fair. The interest rates are not too high, and there are no hidden fees. Users know they can rely on Ncash when they need money quickly. This trust has made Ncash very popular in Nigeria.
CashLion
CashLion is a popular loan app in Nigeria. It helps people get loans easily and quickly. With CashLion, you can get up to N5,000 without any requirements. This means you do not need to show any documents or provide extra information.
Using the app is very simple. Just download CashLion on your phone, and you can apply for a loan right away. There are no long steps or waiting times. This makes CashLion a good choice for people who need money fast.