How and Where to Borrow Money Online Without BVN

How and Where to Borrow Money Online Without BVN
Written by 9iNfo Author

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There are lots of people seeking to get a loan without giving out their Bank Verification Number (BVN) but they don’t know how and where to borrow money online without BVN.

Since online is known for scam alerts, it’s understandable that people would go underground to seek safety and fulfillment of their desires.

If you’re feeling hopeless, you should know that there are dependable lending platforms, or the best rapid loans without BVN needed in Nigeria, which may be a lifesaver in times of crisis.



What Exactly Is a BVN, and Why Is It Necessary When Applying for a Loan?

Everyone who interacts with the Nigerian banking system must have a Bank Verification Number (BVN), which is a unique 11-digit identifier.

This biometric identification system was put into place by the Central Bank of Nigeria to reduce the volume of fraudulent financial transactions in the country.

It safeguards financial transactions by lowering the possibility of fraud in the modern day.

A BVN is a unique identification number that should be kept secret at all times. The reason for this is that it may be targeted by fraudulent lending apps or other forms of digital piracy. You should use caution before sharing your BVN publicly.


When Applying for a Loan, Why is it Crucial to have a BVN Number?

One of the most reliable and secure ways for loan applications to confirm a user’s identity and contact details is through the Bank Verification Number (BVN) database.

Therefore, Nigerian loan institutions mandate a BVN for all applicants as a precaution against identity theft. This also explains why most loan-related apps reject transactions without a valid BVN.


Related: easemoni loan code | how to repay easemoni loan


How and Where to Borrow Money Online Without BVN

You can get a loan from the following institutions without submitting your BVN:


1. The FairMoney Loan App

The FairMoney loan platform provides quick cash for any purpose and does not require a BVN, paperwork, collateral, or guarantor.

You can borrow anywhere from N1,000 to N150,000 with this app, and you’ll have between two and twelve weeks to pay it back. A person’s ability to borrow funds is proportional to their credit score.


Related: Federal Government Loan Application Form 2022/2023


2. The JumiaOne Loans App

You can get a loan from a reputable lender without having to reveal your BVN while using the JumiaOne app. Scroll down to the Financial Services section and tap Loans to have access to loan information through this app.

You will get your loan in a matter of minutes after providing the necessary information.


3. The Carbon (PayLater) Loan Application

Another reliable app is Carbon, formerly known as Pay later. One Finance & Investment Limited owns and operates the site, which provides financial services beyond payday loans.

The platform does not keep you waiting for your money, and you can easily obtain loans from N5,000 to N1,000,000 with tenors between 7 and 180 days.

As soon as you submit your application on the site, it will be processed and your account will be credited within three minutes.


4. OKash, a Mobile Loan Service

Loans can also be obtained using the trusted and well-known Okash loan app. With the Opay mobile app, managed by Opay Digital Services Limited/Paycom, you can have access to this system. As a matter of fact, OKash is wholly owned and run by Blue Ridge Microfinance Bank Ltd.


5. Aella Credit Loan Application

You can also get a loan without providing your BVN when you use Aella Credit. As a general rule, the minimum loan amount on this user-focused digital lending platform is N2,000, and the highest loan amount is N1,000,000.

Their turnaround time is also reasonable. Your loan will be credited within 10 minutes of applying for it.



In times of crisis, you may rely on Alat by Wema, a digital bank backed by the esteemed Wema bank. You may get low-interest, short-term loans anytime you need them, with just one click, so you can get started right away if you’re strapped for cash.


7. App for Carrot Pay Loans

With CarrotPay, you can get a loan for between N5,000 and N50,000 with a repayment period of 60 and 180 days. Monthly payments are the norm.

A credit scoring system will typically set a minimum interest rate of 3% per month, with a maximum rate of 10% per month. The resulting APR ranges from 36% to 120% each year.

CarrotPay is a mobile loan service available through the Apple App Store and Google Play.


8. Eyowo loan application

Prospects may trust the financial services offered by Eyowo since they are easy to use, digital, and secure. Your only requirement is a working phone number.

To secure a loan, you are not required to provide any collateral or supporting paperwork. Your phone number doubles as your Eyowo account ID. Simply remove the initial 0.

Borrowing, spending, sending, receiving, and saving money are made easy with the Eyowo mobile app, website, and IVR service, all accessible via a single USSD code: *4255#.



The subject of the loan without a BVN arises because of the growing prevalence of online fraud and the resulting need for people to take precautions to protect their personal finances. However, only use your BVN with NITDA-approved lending apps that specifically request it.

To prevent identity theft, it is imperative that we all realize that your BVN is required by any reputable lending app ( where someone poses as you).

Personal information, income, and financial stability are still taken into account when deciding whether or not to grant an unsecured loan. The lending institution will absolutely check your credit and income.


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