Loan and Grant

Where can I borrow Money Online Without BVN

Fortunately today, business owners and individuals can apply for quick online loans without putting up their possessions as collateral.
Written by Insurance

Most people are critical in releasing their BVN. Hence, the question “where can I borrow money online without my BVN”,  be certain that all your heart-raking questions would be answered.


As internet scandal occurs on a daily, it’s no surprise individuals have taken cover searching for security, as well as their needs being satisfied.

It may interest you to know all hopes are not lost as they’re reliable lending platforms or the best instant loans without BVN needed in Nigeria, in emergencies, this platform come in handy as they stand out from the others, where BVN is mandatory.

The Big Question is, What’s A BVN, and Why is it So Important in getting a loan?

The Bank Verification Number (BVN) is a unique 11-digit identity number for each person across the Banking industry in Nigeria. The Central Bank of Nigeria implemented this biometric identification system to prevent and decrease illegal banking transactions in Nigeria.

It serves as a modern security measure that protects banking transactions by reducing fraud.

Your BVN number should always remain personal and safeguarded at all costs. The reason is, that illegal loan apps and other digital pirates may want to use it for fraudulent purposes. You must be mindful of releasing your BVN on just any platform.

Why is it important to have a bvn before you get a loan;

The Bank Verification Number (BVN) database is one of the most efficient and secure tools that loan apps can use to verify a customer’s identity and personal information. As a result, loan organizations in Nigeria require applicants to present a BVN to avoid fraud and identity theft. This also gives reasons why most apps do not accept loan transactions without BVN.

Here are a few loan companies you can borrow from without any BVN

1. FairMoney Loan App

FairMoney loan platform offers you instant cash for any of your financial needs without you providing your BVN, documentation, collateral, or guarantor.

Basically, through this app, you can borrow within the range of N1,000 to N150,000 with a repayment period of 2 – 12 weeks. The amount of loan you can borrow depends on your creditworthiness

2. JumiaOne Loan App

JumiaOne is a reliable loan app you can borrow from without giving your BVN. To access loans on this app, just scroll down to the ‘Financial Services’ category and click on ‘Loans’. After you provide all the information required, you will receive your loan within minutes.

3. Carbon (Paylater) Loan App


Carbon, formerly known as Pay later is another app you can trust. It is owned by the One Finance & Investment Limited company and offers more than just instant loans. Aside from the fact that you can readily get loans from N5000 to N1,000,000 with a tenor of between 7 – 180 days, the platform does not delay in paying your loan. Within 3 minutes of submitting your application to the platform, they will credit your account.

4. OKash Loan App

Okash loan app is another legit and popular platform to borrow your loans.  You can access this platform through the Opay mobile app, which is controlled by Opay Digital Services Limited/Paycom. However, OKash is solely owned and operated by Blue Ridge Microfinance Bank Ltd.

5. Aella Credit Loan App

Aella Credit is another legit platform where you can borrow loans without BVN. Basically, this user-centered digital lending platform offers users loans as low as N2,000, with a maximum limit of up to N1,000,000. Also, their processing period does not take too much time. Within 10 minutes of applying for your loan, you will be credited.


Alat by Wema is a digital bank powered by the prestigious Wema bank, a reliable source to meet your need during an emergency. When you’re low on cash, Get low-interest short-term loans whenever with just one click, you can begin.

  • Carrot Pay Loan app

CarrotPay provides loans for as low as N5,000 and up to N50,000, and you can pay back between 60 to 180 days. Usual repayment period is monthly. Minimum interest rates are determined by credit scoring algorithm which is usually 3% per month and a maximum of 10% per month. This comes to an Annual Percentage Rate (APR) of 36% to 120%.

You can apply for a monthly loan payment from CarrotPay either on Google Play Store or on Apple Store.

8.Eyowo loan app

Eyowo provides simple, digital and reliable financial services to their prospect. All you need is your mobile phone number. You also don’t need collateral or documentation to get a loan. On Eyowo, your phone number stands in as your account number. Just take out the first zero.

Users can borrow, spend, send, receive and save money simply by dialling a USSD code: *4255# on their mobile phones or via the Eyowo mobile app or website or by just calling its IVR centre on 01-7001511.


An ever-increasing rate of digital insecurity has driven the masses to seek ways of protecting their money from being taken, hence, the question of the loan without BVN.

However, it is advisable not to key in your BVN number to any loan app unless they are NITDA-authorised loan apps. We must understand every reliable loan app must need your BVN to avoid identity theft( where someone poses as you).When approving an unsecured loan, the borrower’s profile, income, and solvency are still considered. Indeed, the lender must verify your capacity to borrow and repay.

Here’s a quick recap of the listed app

  1. Fair money loan app
  2. JumiaOne loan app
  3. Carbon loan app
  4. Okash loan app
  5. Aella loan app
  6. Alat by Wema
  7. Carrot Pay loan app
  8. Eyowo

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