In Nigeria, there are a few loan apps that do not require a Bank Verification Number (BVN) to access their loans. These loan apps provide a convenient way for individuals to access quick loans without having to go through the lengthy and sometimes cumbersome process of traditional bank loans.
Here are some of the loan apps in Nigeria that do not require a BVN:
1. FairMoney:
FairMoney is a digital bank that provides loans and other financial services to individuals and small businesses in Nigeria. The app offers loans ranging from ₦1,500 to ₦500,000, with repayment periods of up to 6 months.
To apply for a loan on FairMoney, you need to provide your personal information, employment details, and bank account information. You will also need to undergo a credit check to determine your eligibility for a loan.
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2. Palmcredit:
Palmcredit is a loan app that provides instant loans to individuals in Nigeria without requiring a BVN. The app offers loans ranging from ₦2,000 to ₦100,000, with repayment periods of up to 12 months.
To apply for a loan on Palmcredit, you need to provide your personal information, employment details, and bank account information. You will also need to undergo a credit check to determine your eligibility for a loan.
3. Carbon:
Carbon is a digital financial services company that provides loans, bill payments, and other financial services to individuals and small businesses in Nigeria. The app offers loans ranging from ₦1,500 to ₦500,000, with repayment periods of up to 6 months.
To apply for a loan on Carbon, you need to provide your personal information, employment details, and bank account information. You will also need to undergo a credit check to determine your eligibility for a loan.
See also: How To Get A Loan On Jumia Pay App
4. Kiakia:
Kiakia is a peer-to-peer lending platform that provides loans to individuals in Nigeria. The app offers loans ranging from ₦10,000 to ₦200,000, with repayment periods of up to 30 days.
To apply for a loan on Kiakia, you need to provide your personal information, employment details, and bank account information. You will also need to undergo a credit check to determine your eligibility for a loan.
5. QuickCheck:
QuickCheck is a loan app that provides instant loans to individuals in Nigeria without requiring a BVN. The app offers loans ranging from ₦1,500 to ₦200,000, with repayment periods of up to 30 days.
To apply for a loan on QuickCheck, you need to provide your personal information, employment details, and bank account information. You will also need to undergo a credit check to determine your eligibility for a loan.
In conclusion, there are several loan apps in Nigeria that do not require a BVN to access loans. These loan apps provide a convenient and fast way for individuals to access loans without going through the traditional bank loan process.
However, it is important to carefully consider the terms and conditions of the loan before applying, and to ensure that you can repay the loan on time to avoid any penalties or negative impact on your credit rating.
See also: UBA Instant Loan For Non Salary Earners
Originally posted on March 26, 2023 @ 8:58 pm