Home Loan Loans You Can Get Without BVN in Nigeria

Loans You Can Get Without BVN in Nigeria

If you want to get a loan, but don’t have a credit history in Nigeria, you can still do so! You just need to know where to look. Many lenders offer special loans for people who don’t have any formal banking or financial services experience.

These types of loans can be difficult to get approved for at traditional banks and credit unions because they require applicants to show that they have other assets like property or vehicles as collateral.

You may apply for fast loans without BVN, even if it may seem too good to be true. In essence, several financial platforms in Nigeria allow you to receive loans without having to worry about putting BVN or collateral. You can learn all you need to know about these platforms right here.


Ayo is a Nigerian fintech company that offers loans to businesses and individuals. They offer personal loans, business loans, and car loans.

They have a wide range of loan products including collateral-free loans, unsecured loans, and asset-backed loans.

Palm Credit

Palm Credit is a microfinance institution in Nigeria. It offers loans of up to N50,000 for individuals and families who need money for education or business expansion. You can apply online or visit their branches near you to get your loan approved quickly.

To qualify for a Palm credit loan, you must be 18 years old or older and above; however, there are some exceptions that may allow younger borrowers (up to 21 years) with good credit history into the program.


FairMoney is a Nigerian fintech company that offers a range of financial services, including loans and insurance. The company’s reputation as one of the easiest lenders to get approved for in Nigeria has made it a favorite among Nigerians in need of quick cash.

FairMoney’s loan application process is quick and easy, which makes it ideal if you’re looking for funding without having to go through an extensive credit check or other tedious steps. If you’ve been looking into getting financing from another lender but haven’t had much luck finding one that meets your needs, consider giving FairMoney a try!


Okash is a Nigerian online lending platform that offers loans in Nigeria without a BVN. You can get up to N100,000 without having to go through the hassle of getting your documents verified by the bank. Your money will be transferred directly into your account in less than 24 hours!

To apply for an Okash loan, visit their website and fill out their application form on the right side of their page.


Branch is a peer-to-peer lending platform that connects borrowers and investors. Borrowers can apply for loans of up to N100,000 and investors can invest in loans that are repaid monthly.

Borrowers get approved within 24 hours on Branch’s website with the help of their credit score, so they don’t have to wait too long before they receive their money back.


Carbon is a peer-to-peer lending platform that provides an alternative to banks and other financial institutions. 

Carbon offers loans for individuals and businesses, with no minimum or maximum amount required for borrowers. You can also choose whether or not your loan will be secured by collateral, so there’s no need to worry about falling behind on payments if you don’t have enough cash flow at the time of approval!

The application process itself is quick: it takes around 30 minutes before your loan application goes through due diligence procedures by our team members who will then review it based on your personal details. Once approved by one of our representatives at Carbon HQ located in Lagos Nigeria will reach out.

Aella Credit

Aella Credit is a financial institution that offers loans to individuals and businesses in Nigeria. The company provides credit facilities to individuals, who can use it for any purpose such as buying houses, cars or even paying school fees.

Aella Credit’s loans are given on easy terms without requiring any collateral like property or other assets as security for repayment of the loan amount. The process of applying for a loan with them takes just minutes, so you can get started right away!

What is the easiest loan to get approved for?

There are a number of loans that are easy to get approved for. The most popular one is Aella Credit, which offers personal loans at an interest rate of 10%. The other options include FairMoney (10%), Okash (11%), Palm Credit (14%) and Branch (16%). Carbon offers a personal loan at 18% interest rate with no prepayment charges or fee charged on top of it.


You can find out more on any of these loans and get approved for the one that suits your needs from the links provided here.


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