If you need an urgent N50k and you’ve been wondering where you can access it? Look no further because we have brought to your doorstep different lending platforms where you can access urgent N50,000 without BVN or any kind of collateral, this sounds too good to be real but the truth is that it is possible to access loans in Nigeria without a BVN or guarantor. Let’s go through this article together and see how it works.
Fortunately, there are dozens of platforms that offer instant loans in Nigeria but it is only a few of them that offer quick loans without needing a BVN. So, it is important to know these lending platforms that offer loans without BVN so that you can opt for their services especially when you want to take a loan without disclosing your Bank Verification Number(BVN).
Loan Apps Where You can Borrow Urgent 50,000 Naira Without a BVN
There are numerous loan apps in Nigeria where you can borrow 50,000 Naira without a BVN, the loan apps are outlined below:
1. Okash by Opay
Opay is one of the leading fintech companies in Nigeria where you can access up to N50,000 instant loan without needing BVN. Okash is the loaning arm of Opay company hence don’t be confused when we use them interchangeably. Some people who have taken an Okash loan have attested to the fact that they can give you a quick loan without BVN.
With the Okash loan app, you can access up to N50,000 personal loan without requiring BVN. To access the Okash loan, just do this:
- Visit the official app store.
- On the search bar, type ‘’Okash’’.
- Once seen, click on download.
- After downloading, install the app.
- Create an account with the required to get started.
2. Fairmoney App
Another lending platform where you can get instant N50,000 is the Fairmony platform. It is an online lending platform that offers users instant loans without needing BVN or endless paperwork as with conventional lending.
The platform is designed to enable Nigerians to meet their urgent financial needs by accessing instant loans. Their loan terms are relatively flexible with competitive interest rates. The loan can be accessed through the Fairmoney loan app. However, to access this loan, you need to have a good credit score without outstanding debts. To get a loan from Fairmoney, you will need to download and install the app from the official store, create an account and apply for the loan. As simple as that.
3. Aella Credit
If you want to access N50,000 unsecured loan, then Aella Credit is an option to consider. It is one of the leading fintech companies in Nigeria that offers loan solutions without needing BVN. Interestingly, you can apply for the Aella Credit loan electronically without needing paperwork. The loan application is seamless and hassle-free. Their loan term is flexible to enable customers to repay the loan without breaking the banks. They also offer competitive interest rates.
To apply for the Aella Credit loan, follow the steps below:
- Go to the Apple Store or Google Play Store for iOS and Android users respectively.
- Download and install the app.
- Sign up with your details.
- Apply for the loan by completing their online loan application form.
- Wait for their review and subsequent decision. That’s all.
4. EasyCredit Loan App
Another lending platform where you can access instant N50,000 is EasyCredit. This lending platform offers both personal and business that is up to N50,000 without BVN. You can access the loan through the app. And the loan application can be completed online. However, to access this loan you must have a good credit score which will serve as a yardstick for measuring your creditworthiness.
5. Carbon Loan
When it comes to offering loans without a BVN, Carbon is a household name in Nigeria. It was formally called Paylater. Carbon is among the leading fintech companies in Nigeria that offers instant loans to their users. Their loan application is simplified because the application process is done online hence there is no need for endless paperwork. You don’t need a BVN to access N50,000 from Carbon.
Carbon loan is collateral-free without any form of guarantor. Their interest rate and loan tenure is relatively flexible. So, if you need an instant loan, Carbon loan won’t be a bad option to consider.
FlexiCash is the lending arm of Palmpay company. Palmpay is one of the leading fintech companies in Nigeria that offer different kinds of financial services like bill payment, loans, fund transfer etc. With FlexiCash, you can access up to N50,000 without a BVN. The loan application process can be completed online. Their interest rate is competitive but their loan tenure is short. The more you build trust with the platform, the higher the loan amount that you will qualify for and vice-versa.
To access loan from FlexiCash, follow the steps below:
- Visit Google Play Store or Apple Store for Android & iOS users respectively.
- Download the loan app.
- After downloading, install the app.
- Finally, create an account to get started.
JumiaPay is one of the fastest growing lending platforms in Nigeria where you can borrow up to N50,000 without BVN or any form of collateral. Their loan application process is seamless and hassle-free. They offer competitive interest rates and their repayment plan is relatively flexible hence customers can pay off their loans without breaking the bank. You can access the JumiaPay loan by downloading and installing the app from the official app store. Create an account after installing the app to get started.
Is it Possible to Get a Loan Without a BVN in Nigeria?
YES. It is possible to access a loan in Nigeria without a BVN. There are different lending platforms, especially fintech companies in Nigeria that offer instant loans without needing a BVN. Such lending platforms include Okash, FlexiCash, JumiaPay, Carbon etc.
How Can I Get A 50, 000 Loan In One Day?
You can get a N50,000 loan in one day by applying for instant loans at different loan apps. Fortunately, there are different loan apps where you can apply for a quick loan and the loan will be disbursed to your bank account within a day. Such loan apps include Fairmoney loan, Carbon loan app, Aella Credit loan and lots more.
What Loan App Gives 50,000 Loan?
There are different loan apps where you can access 50,000 loans. Examples of such loan apps include Aella Credit loan, Okash, FlexiCash, JumiaPay, Carbon loan apps etc.
From the above, we’ve seen that there are numerous lending platforms in Nigeria where you can access an instant 50,000 Naira loan without BVN or any form of collateral. However, the interest rates and repayment plans of these platforms vary, hence it is best to understand the lending terms of each platform before opting for their services. Don’t forget to borrow responsibly and spend wisely.