7 Best Mobile Loan Apps in Nigeria Without BVN

Mobile loan apps are now on the rise in Nigeria’s money market due to the hike in the cost of living and other expenses. Therefore, if you are looking for mobile loan apps in Nigeria that does not require your BVN, you are lucky because in this post, I have at least seven of mobile loan apps that can help you access money.

Many loan apps usually do not need BVN to get approvals. This is because they offer personal and business loans with highly competitive interest rates.

Unlike regular commercial banks, these loan apps give you quick and easy access to loan facilities at anytime. You can get a loan approved within minutes, and the funds will be deposited into your bank account almost immediately.

Most of these apps only require alternative forms of identification, like your email, phone number, or utility bills. This means even if you do not have a BVN, you can still apply for the loan and get the financial aid.

Best Mobile Loan Apps in Nigeria That do not Require a BVN

Many loan apps in Nigeria provide loans without requiring a BVN. They accept alternative forms of identification like email, phone number, or utility bills. These apps also do not ask for a guarantor or collateral for loan approval. Here are some BVN-free loan apps:


Carbon is one of the top lending platforms in Nigeria, offering loans of up to one million Naira without any collateral. This sets it apart from traditional banks that typically require property as collateral and involve a very tedious application process.

Formerly Paylater, Carbon is a leading online lending company in Nigeria that also provides online banking services, to include bill payments, transfers, and savings respectively.

Carbon is notable for not requiring a BVN for loan approvals. Instead, it accepts other forms of identification such as proof of income, bank statements, and valid identity cards.

One key advantage of Carbon is that it does not demand a guarantor for loan approval. Loan durations extend up to six months, and the repayment terms are very easy and flexible.


JumiaPay is another lending loan App in Nigeria that does not ask for a BVN. They can give you low-interest loans quickly and have an easy application process that doe not require much. When using the mobile app, you can access loans of up to N500,000.

Once your application gets approval, the loan amount is deposited directly into your bank account. JumiaPay does not require BVN, a guarantor, or any paperwork.


FlexiCash, a business platform, owned by Palmpay, is currently gaining much popularity as a loan app in Nigeria. This is because it allows users to access instant loans without requiring a bank verification number (BVN).

FlexiCash is available for both iPhone and Android users, and they can easily download it from either the google playstore or appstore. The loan amounts offered by FlexiCash are quite reasonable and depend on factors like your information and credit scores.


OKash is one of the rare online lending platforms that offer substantial loan amounts without requiring a BVN.

The loan application process is straightforward, and it can be completed through the mobile app within a few minutes.

OKash provides a very good interest rate and favorable loan durations. Also, upon loan approval, disbursement of funds is done immediately.

Aella Credit: Mobile Loan Apps

Aella Credit is a go-to online lending app in Nigeria for those seeking financial reliability. It offers personal loans in as little as five minutes, with no need for much documentation or collateral.

To apply, simply download the mobile app from the Play Store or Apple App Store, create an account using your personal details, and submit your loan application.

Upon approval, you will receive a breakdown of the loan, including the interest rate and repayment plan.


FairMoney is a widely recognized lending app in Nigeria that offers loans without requiring collateral or documentation. Importantly, you can obtain a personal loan even without a BVN. Simply download the mobile app, register for an account, and you are set to receive funds.

FairMoney provides flexibility in loan terms, with approval for loans of up to one million Naira over an 18-month period. The app offers affordable interest rates, and once approved, you can expect to receive the loan amount in less than five minutes.

MoneyPal Mobile Loan

MoneyPal is among the top mobile loan apps platform in Nigeria, offering instant loans without the need for collateral. They provide loans of up to five million Naira at no additional charges.

You can enjoy a loan duration of up to 24 months, with an annual percentage rate ranging from 34.8% to 36.5%.

It is worth noting that there are several legitimate platforms in Nigeria where you can access loans without a BVN.

The key is to ensure that you choose a reputable and trustworthy lending platform.


In as much as you want to get cash quickly to help yourself or foot an immediate or urgent bill, you must ensure that you repay on time to avoid incurring extra charges on the initial interest of the loan.

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