10+ Quick Loan Apps in Nigeria to borrow up to 200k without BVN in January 2024
Each of these loan apps provides a convenient way for individuals in Nigeria to access loans quickly without the need for a BVN, catering to a range of financial needs with various terms and interest rates. Always remember to read the terms and conditions carefully before applying for any loan.
1. FairMoney
App Name: Fairmoney Loan App
Loan Amount: Up to ₦300,000
BVN Needed?: No
Time to Get Loan: 5 minutes
Interest for ₦10,000 for 2 months: 2%
How to Apply: Download app, fill form, get loan
Ease of Use: Very easy
2. OKash
App Name: Okash Loan App
Loan Amount: Up to ₦50,000
BVN Needed?: No
Interest Rate: 10% to 24% per month
Loan Duration: Up to 60 days
Application Process: Fast and easy
Owned By: Opay Digital Services Limited
3. Carbon
App Name: Carbon Loan App
Loan Range: ₦1,500 to ₦1,000,000
BVN Needed?: No
Interest Rate: 1.75% to 30%
Repayment Duration: Up to 64 weeks
Example: ₦50,000 loan for 3 months at 2% interest per month
Approval Time: Quick
4. Jumia Pay
App Name: JumiaPay Loan App
Part of: Jumia e-commerce platform
BVN Needed?: No
Interest Rate: Starting from 3.5% per month
Repayment Terms: 15 to 60 days
Loan Disbursement: Instant
Privacy and Security: High priority
5. GoCash
App Name: GoCash Loan App
Loan Period: 61 to 180 days
BVN Needed?: No
Service Fee: 0%
Interest Rate: 33%
Example: ₦20,000 loan for 120 days, pay ₦5,000+ monthly as interest
Loan Characteristics: Long-term, high-interest
6. Aella Credit
App Name: Aella Credit Loan App
Loan Amount: Up to ₦1,000,000
BVN Needed?: No
Time to Get Loan: 5 minutes
Interest Rate: Around 22%
Loan Type: Online, no collateral
7. Quickteller
App Name: Quickteller Loan App
Offers: Collateral-free loans
BVN Needed?: No
Interest Rate: Varies
Application Process: Easy, direct fund transfer
Loan Types: Short-term and mid-term
8. Eyowo Loan App
App Name: Eyowo Loan App
Loan Amount: Up to ₦50,000
BVN Needed?: No
Interest Rate: 5% to 15%
Loan Tenure: 30 to 90 days
Special Feature: Use without a bank account
9. ALAT By Wema
App Name: ALAT by Wema Loan App
Loan Amount: Up to ₦2,000,000
BVN Needed?: No
No Need For: Collateral, paperwork
Process: Fast, direct to account
Type of Bank: Digital
10. PalmCredit
App Name: PalmCredit Loan App
Loan Range: ₦2,000 to ₦100,000
BVN Needed?: No
Interest Rate: 4% to 24%
Loan Duration: Up to 6 months
Application: User-friendly
11. GTBank App
App Name: GTBank App
Features: Account management, loans, funds transfer, bill payments
BVN Needed for Loans?: Not specified
User Interface: Easy to use
Specialty: Comprehensive banking services
Loan Application: Included in app
Bank Type: Well-known bank in Nigeria.