FairMoney

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11 Apps wey fit borrow you money without BVN for Naija

11 Apps wey fit borrow you money without BVN for Naija

Find beta way wey no get stress to borrow money for Naija with dis top loan apps like FairMoney, Cowrywise, Okash, JumiaPay Nigeria, Alat By Wema App, GTBank, Branch, Kwikmoney, PalmCredit, Carbon, Aella, wey no need BVN. Check their levels, compare their interest rates, then pick the one among the “apps wey fit borrow you money without BVN for Naija” wey go waka well with your financial matter. We dey carry your privacy for head!

To borrow money from apps wey dey ask for BVN fit dey somehow for Nigerians wey get trust wahala, because dem fit dey reason say their BVN info fit leak and the money for the different accounts wey dey linked to the BVN no go dey safe.

If na so e be for your side, no worry, we get your back. We go provide apps wey BVN no dey compulsory, so that you sef fit relax your mind when you dey borrow money. For those wey dey reason wetin BVN fit be, abeg, we still get your back.

Wetin be BVN?

BVN, wey be Bank Verification Number, na to grab pesin biometric data like fingerprints and face, join am with unique number wey dey identify the person. Na system wey Central Bank of Nigeria put in place to identify individuals for inside banking system and reduce thief-thief, scam, 419 and other bad tins.

Why BVN dey important for loan matter?

BVN dey make loan application waka easy, because e dey give financial institutions one kind standard ID wey dem fit use check person details sharp-sharp, to make sure say no be another person dey form another person. Oya follow us check apps wey fit borrow you money without BVN for Naija;

11 apps wey fit borrow you money without BVN

FairMoney 

Out of all the apps wey fit borrow you money without BVN for Naija, FairMoney na the oga kpata kpata. Dem fit just arrange 300k for you now now now without your BVN. And their interest rate dey okay, no be like other apps. Forget, dem dey try, only say if you no pay back on time, dem fit use call spoil your phone for you.

11 Apps wey fit borrow you money without BVN for Naija11 Apps wey fit borrow you money without BVN for Naija

Cowrywise

I bin dey think say Cowrywise app na just for saving money, earning interest, and investing. But omo!, e no end there o! You fit also get loans from am. Yes, loans! E no sha simple as e sound. E get more tori wey dey inside. No need for BVN, of course. But na the kind of mutual funds wey you don invest your money and where you wan borrow from go determine how much loan you fit collect.

So, when you dey ask bank or any money place for loan, your mutual fund units na like your collateral. Dem dey act like security, dey talk say, ‘If I no fit pay back the loan, you fit take control of these mutual fund units to cover the amount.’ E be like backup plan, e come follow for apps wey fit borrow you money without BVN for Naija.

Okash

You see ehn, Okash loan app, wey be Opay digital banking app brother, na one app wey fit borrow you money without BVN for Naija dey give loan for Naija. Just the other day, I fill form sharp sharp, and before small time like this, the money land for my account in less than one hour. You sef fit borrow like 50k without this BVN thing, but I no go sha lie you, their interest rate low.

JumiaPay Nigeria

Jumiapay dey spread well-well for business o, dem get one of the biggest shopping platforms for Africa, and na dem still get this app wey be one the apps wey fit borrow you money without BVN for Naija. JumiaPay services dey cover buying of airtime, paying for TV subscriptions, and other other bills. Among all dis things, dem dey still offer sharp-sharp loans wey fit reach 100k and BVN no go lap.

Alat By Wema App

This bank just be like Cowrywise, na Nigeria’s first ogbenge digital bank wey everybody dey yarn about. You fit save and invest inside and still fit collect loans. You see these guys ehn, dem fit quickly disburse loan of up to 2Metres give person without BVN, collateral, or paperwork. I no sabi as dem dey take run am o. True true, na loan app wey follow for apps wey fit borrow you money without BVN for Naija

GTBank

Some of una for this Naija wey be GTBank customers no sabi wetin God do for una sha. GTbank, wey him bank app dey among apps wey fit borrow you money without BVN for Naija, na the only bank for this country wey nor too get kasala, except if other banks don dey corrupt am small small. But no wahala, no be wetin carry me come be that. GTBank na one of the few commercial banks for this country wey dey give people loan without BVN, dem dey try well-well.

Branch

For inside Branch, you fit transfer money to earn, and invest to earn, but dem no go give you shishi say you borrow money, lol, no mind me. Branch na another Nigerian online banking platform wey person fit collect up to 200k with other personal information and bank statement without BVN, come still fit pay back in like 6 months. This na one app wey fit borrow you money without BVN for Naija wey be sure plug.

Kwikmoney

If dem talk say people no sabi dis app, e no mean say e no dey useful. Kwikmoney interest rate dey very competitive and the application process easy. You fit apply for loan of N1 million without BVN, Yes, na so e easy reach. Na Kwikmoney be one app among apps wey fit borrow you money without BVN for Naija wey get flexible repayment terms with no collateral needed, na dis app be baba abeg.

PalmCredit

As you hear PalmCredit so, you fit dey think say na division of PalmPay company, me sef bin dey reason am like dat. Even though dem get the same name for the beginning, dem be different companies. Inside PalmCredit, you fit borrow small money, but no money small reach wey no fit solve any problem, walai. Dem fit give you from 10k to 200k without needing BVN, and their interest rate no too high, reason am now.

Carbon

This Carbon app dey very popular o. No Nigerian fit count loan apps or even apps wey fit borrow you money without BVN for Naija without mentioning this one, maybe because dem dey treat people wella. Carbon app fit give loans wey range from 1.5k to 1 meters without your BVN. E be one-in-all app for money management.

Aella

For inside apps wey fit borrow you money without BVN for Naija, Aella na the last one I go talk about. This Aella dey do plenty things, you fit use am pay bills, invest, transfer money, and even get instant loans. For inside here, person fit collect loan wey reach 1 million naira without stress and BVN, with interest rate from 2-20%. You see as e low, bah.

Final Talk

Abeg, make you sabi say even if these apps wey fit borrow you money without BVN for Naija no need BVN, sometimes dem fit still bring am as option when you dey fill form to get loan. You fit see am for some apps, but you get option to waka pass am, and you go still collect the loan. If you sabi other apps wey fit give people loan without BVN, abeg write am for the comment section to help another person.

 

 

Frequently Asked Questions

Which app dey legit to borrow money for Naija?

Legit apps wey person fit borrow money from for this Naija plenty yakpa, and most of them dey here.

E get any loan app wey no need BVN?

Yes o, na wetin we just talk about finish now now now. All the apps wey I mention for up no need BVN. No be say dem no go fit ask you for the app make you put am o, but e no dey compulsory.

How I fit collect loan within 10 minutes?

Loan apps wey I sabi wey fit give loans sharp-sharp na Okash, EasiMoni, and FairMoney. So if your body dey hot and you no fit wait for long, just use any of the 3 apps wey I don mention, dem dey deliver in less than 10 minutes sef.

I fit borrow money from Opay?

  • Dial *955# with the phone number wey you use register your Opay account.
  • Select the option wey talk “loan”.
  • Follow the instructions wey dem go give you until your loan arrive.

                                                                                    Or

If your Opay app dey updated;

  • Waka go your dashboard, you go see loan option, click on am.
  • E go carry you go EasiMoni loan (dem and Opay dey affiliated)
  • Fill in wetin dem ask you.
  • The loan go land inside your Opay account.

How much be OKash first loan?

Na from 3k to 5k with interest rates wey dey between 0.1% to 1% daily.

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7 iPhone Apps to borrow money online

iPhone Apps to borrow money online

Another way through which one can obtain money without getting embarrassed include doing it virtually. Embarrassment, in this context, can manifest as physical insults or personal shame. Money can be borrowed to top up or finance a business, resolve a situation that requires money urgently, get school fees and house rents paid, invest, and much more. If you are reading this post, consider yourself lucky because you are on the verge of discovering top iPhone loan apps to borrow money from.

These apps are designed to discreetly preserve users’ information, provide a meaningful amount of money, and offer considerable repayment periods and interest rates. You may be seeking criteria for taking a loan from several apps; here are some things to consider:

Loan Amounts

If the amount the app offers will not be sufficient to solve the problem for which you are borrowing, then there is no need for you to proceed. First, find out the minimum and maximum amount of money the app issues.

Interest Rates

Compare the interest rates of various loan-giving apps and choose the one with a lower interest rate. By doing so, you will reduce the sum of money you have to pay. Also, don’t forget to consider fees and charges in this sector.

Loan Terms/Repayment Flexibility

Can you pay back a loan with a short-term? If not, look for an app that offers a longer loan term. Some apps may have features like repayment flexibility; you can utilize it and schedule your repayment based on your income or financial situation.

Other Considerations

Before obtaining a loan from any app, check eligibility, approval time, customer reviews, and the app’s security and privacy. Now check out several iPhone apps that you can confidently borrow money from;

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iPhone Apps to borrow money online

CreditWave

The CreditWave loan app is a user-friendly platform where customers can borrow a substantial amount of money at very low interest rates, with no additional fees charged. The app sets a maximum loan limit of N500,000 and a minimum of N10,000. Moreover, users enjoy flexibility in repayment, with the option to pay within a generous 180-day period.

Pros:

  • The CreditWave loan app conducts a responsible and thorough assessment of borrowers, contributing to a sense of security for users.
  • No outrageous interest rates at all.

Cons:

  • Poor customer service.
  • Takes a long period of time to disburse money.

LendQuick

At LendQuick, users can borrow in accordance with their eligible loan amount. Business entities, individuals, and experts have the flexibility to borrow as much as needed and can repay within a term ranging from a minimum of 62 days to a maximum of 336 days. The borrowing process is stress-free, requiring no collateral or bank visits, and funds are transferred directly to your wallet. Instant cash disbursal is a key advantage.

The interest rates are attractive, with a minimum of 3% per month and a maximum of 10% per month, resulting in an Annual Percentage Rate (APR) of 36%. Note that for specific loans, a guarantor may be required and that users’ past loan performance and credit score could impact their eligibility on this app.

Pros:

  • Quick cash disbursal
  • Attractive interest rates
  • Flexible repayment terms
  • Minimal documentation required for loan eligibility

Cons:

  • Potential delay in processing the loan
  • Lack of information on loan processing time
  • Users may face persistent loan denials, leading to frustration
  • Poor customer service response

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FairMoney

FairMoney stands out as a leading Fintech App in Nigeria, renowned for its swift loan disbursement capabilities. Each day, FairMoney extends financial support to over 10,000 individuals. Accessible on the Apple Store, the app streamlines the borrowing process, requiring only a valid ID, an active payment card, and contact details of the next of kin.

With FairMoney, borrowers can secure loans of up to 3 million naira, providing the flexibility to repay over a generous period of 540 days with attractive interest rates. The application process is remarkably efficient, with approval typically granted in less than 10 minutes.

Noteworthy for its commitment to regulatory compliance, FairMoney operates under the licensure of the Central Bank of Nigeria. Beyond its core lending function, the app offers a range of additional services.

Pros:

  • Offers speedy and fast transfers of loan
  • Users can access higher loan amounts and there’s an option for loan top-ups while servicing an existing loan.
  • The app has a responsive customer service
  • The platform offers interest discounts of up to 90% for early repayments
  • Borrowers enjoy flexible repayment terms, ranging from 61 days to 24 months
  • Offers a wide range of financial services asides loan

Cons:

  • Users may receive frequent reminders, including calls and messages, especially during payment periods.
  • You should encounter few issues when changing your password.
  • Loan approval criteria is inconsistent.
  • The platform imposes high-interest charges
  • While the platform provides flexible repayment terms, it may not cover all possible preferences for repayment periods.

GoCash 

GoCash is a fintech company located in Abuja that offers low-interest loans with easy verification through a BVN card. Prospective borrowers must be between 18 and 50 years old, possess an active bank account, and provide a mobile number because the app facilitates flexible fund disbursement and repayment through banks, including both traditional and mobile banking channels.

The loan amounts range from ₦20,000 to ₦80,000, with a repayment period of 91 to 180 days. The annual interest rate is capped at a maximum of 33%, resulting in a daily rate of 0.09%.

Pros:

  • The simplicity and efficiency of the loan application process are worthy of appreciation.
  • Users enjoy flexible disbursement and repayment.

Cons:

  • Borrowing money here would entail high-interest rates and short repayment periods.
  • The loan amounts and repayment options are very limited, and the disbursement process is slow.
  • There is also an age restriction.

Renners 

Renners Investment Limited is one of the newly established platforms in Nigeria, dedicated to helping people meet their bills and financial targets by providing loans. Loan limits range from NGN 3,000 to NGN 500,000, with a daily interest rate of 0.05%, which is relatively low compared to some apps. Since its creation in 2020, this app has maintained a standard of quickly disbursing loans. Users need only wait for a short period and repayment terms span from 91 to 365 days.

Pros:

  • Easy Repayment process.
  • Quick Loan Approval.
  • The loan terms and characteristics, including loan term, amount, interest rates, and fees, are clearly outlined.
  • Improves credit scores and extends credit limits through timely payments.

Cons:

  • Users may not be able to reuse the registered bank card for subsequent transactions.
  • Slow services.

Carbon

Carbon is a well-known financial app in Nigeria that provides diverse banking services, including high-interest savings and instant short-term loans. The platform offers a variety of features such as money transfers, savings, and shopping. However, its popularity stems from its loan offerings, ranging from ₦1,500 to ₦1 million, with flexible interest rates spanning from 1.75% to 30%. Borrowers enjoy the comfort of repaying loans over a maximum period of 64 weeks, equivalent to 448 days.

Pros: 

  • Carbon boasts robust security features, including PIN verification, to safeguard against unauthorized access.
  • It provides loans with flexible interest rates and extended terms.
  • The company promptly addresses customer reviews, enhancing customer service.
  • With quick loan disbursement and transparent processing, Carbon ensures an easy user experience.

Cons:

  • Many users encounter challenges with account verification.
  • High-interest rates.
  • Ineffective support responses.

sofri

Sofri’s primary goal is to cater to Nigerians seeking a platform for obtaining loans to meet various financial needs, offering competitive interest rates. Launched two years ago, this mobile banking app is a product of LINKS Microfinance Bank, a member of the DLM Capital Group.

Pros:

  • Easy and fast installation
  • User-friendly interface
  • Quick access to loans and investment plans

Cons:

  • Ads discrepancies
  • Customer support and responsiveness

Conclusion:

Dear iPhone users, taking a loan virtually will save you tons of embarrassment and protect your name or business name from any sort of shame. Additionally, it will give you a longer-term range to pay back. All apps above are very easy to access; you just have to download them and follow every instruction. If you know about other apps that fit into the function of the ones above, please let us know in the comment section.

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