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Legit ways to borrow instant loan in Nigeria without BVN or collateral



There are times you will need that urgent N2,000 (urgent 2k) to handle an emergency or a quick loan to start a small business.

Over the years, many loan apps have sprung up; offering instant cash without BVN or collateral. Unfortunately, most of these apps are illegal.

This article will guide you on legit ways to borrow instant loan in Nigeria without BVN or collateral and lenders to avoid.

Full list of banks offering loans without collateral

  • Access Bank offers up to N10 million without collateral to SMEs
  • Fidelity Bank (N10m)
  • First Bank (N10m)
  • GTBank (N30m)
  • Polaris Bank (N10m)
  • Standard Chartered Bank (N20m)
  • Union Bank (N50m)
  • Zenith Bank (N10m)

Z-Woman is Zenith Bank’s (N10m) single-digit loan product for female-owned businesses for all sectors primarily geared toward growing the SME sub-sector and diversifying its customer base.

Standard Chartered Bank recently launched a product known as Smart Business Loan (SBL), a non-secured lending product, targeted at supporting the growth of SMEs.

Digital money lenders with full license from FCCPC

  • Sycamore Integrated Solutions Limited 
  • Trade Depot  
  • Tajow Investment 
  • Blue Ridge Microfinance Bank Limited 
  • Grolatech Credit Limited 
  • Branch International Financial Services Limited 
  • P2vest Technology Limited 
  • Creditwave Finance Limited 
  • Keenest Tech Service Limited 
  • Fairmoney Micro Finance Bank 
  • Altracred Finance Investiment Limited 
  • Crevance Credit Limited 
  • Menacred Company Limited 
  • Afrowide Development Ltd 
  • Red Planet Nigeria Limited 
  • Afrofirst Mobile And Technology Company Limited 
  • Rankcapitals Limited 
  • Ibs Golden Investment Company Limited 
  • Lendvisery Services Limited 
  • Creditwave Finance Limited 
  • Renmoney Microfinance Bank Limited 
  • Swipebill Technologies Nigeria Limited. 
  • Hometown Fintech Limited 
  • Giasun Technology Nigeria Limited 
  • Be Resources Limited 
  • Rockit Lenders Nigeria Limited 
  • Pivo Technology Limied 
  • Yes Credit Company Limited 
  • Fubril Century Limited 
  • Irorun Technologies Limited 
  • Csense Limited 
  • Supreme Help Cooperative Society Limited 
  • Orcom And Orcom Bussiness Suport Limited 
  • Payhippo Limited. 
  • Easycheck Finance Investment Limited 
  • Quark Financial Nigeria Limited 
  • Edmond Solutions Company Limited 
  • Ted Rocket Limited 
  • Penaid Limited 
  • Arve Limited 
  • Dover Credit Limited 
  • Ragekay Global Investment Limited 
  • Maywood Lending Limited 
  • Linkpark Technology Nigeria Limited 
  • Mangnet Lending Limited 
  • Rubystar Global Limited 
  • Bestfin Nigeria Limited 
  • Fubri Century Company Limited 
  • Berly Spring Global Limited

The following digital lenders have received conditional approvals from the Commission, which means they still need to fulfil a few conditions before they can receive full approval:

  • Trippdbase Limited 
  • Blackcopper Service  
  • Owoafar Fintech Service 
  • Paylater Hub 
  • Windville Financial Nigeria Limited 
  • Afrofirst Mobile And Technology Company Limited 
  • Orcom And Orcom Business Support Limited 
  • Otp Internet Technology Ltd 
  • Red Harbor Fintech Limited 
  • Beryl Spring Global Limited 
  • Hometown Fintech Limited 
  • Ajax Lending Limited 
  • Raceova Nig. Limited 
  • Lantana Technology Limited 
  • The Platform Digital Network Limited 
  • Zippy Capital Limited 
  • Neo-Link Technology Limited 
  • Tripobase Limited 
  • Bestfin Nigeria Limited 
  • Pocketfuel Finance Limited 
  • Lending Edge Limited 
  • Ted Rocket Limited 
  • Penaid Limited 
  • Altara Credit Limited 
  • New Credage Nigeria Limited 
  • Lendha Technologies Limited 
  • Doja Lemaire Global Limited 
  • Paydayhub Online Nigeria Limited 
  • Retail Booster Limited 
  • Finnew Fintech Limited 
  • Fezotech Nigeria Limited 
  • Orange Loan & Purple Credit Limited 
  • Citadele Capitals Limited 
  • Fewchore Finance Company Limited 
  • A1 Capital Solution Limited 
  • One Payout Limited 
  • Linkpark Technology Nigeria Limited 
  • Lidya Global Limited 
  • Phoenix Payment Solutions Limited 
  • Red Planet Nigeria Limited 
  • Kwaba International Limited. 
  • Maywood Lending Limited. 
  • Princeps Credit System Limited 
  • Linkpark Technology Nigeria Limited 
  • Finpadi Technologies Limited

Loan apps to avoid

Check out how to identify fake loan apps in Nigeria.

  • Sokoloan 
  • LCredit
  • Maxi Credit 
  • Here4U
  • ChaCha
  • SoftPay
  • GoCash 
  • EasyCredit
  • Kashkash
  • Speedy Choice
  • Easy Moni
  • Rapid Naira
  • EaseMoni
  • AngelLoan
  • EasyCredit
  • OKash
  • CycleCash
  • CashRain
  • iCoin
  • Mikoloan
  • SuperCash
  • XCredit
  • LionCash
  • Ajeloan
  • CreditHall
  • GetCash
  • iCredit
  • PalmCredit
  • Aimloan
  • CashFarm
  • Oxloan
  • Lucky Loan
  • Ucredit
  • NowCash
  • Star Loan
  • Kashpal
  • Monicredit
  • Creditup
  • Zuma Cash


The information in this article was curated from online sources. NewsWireNGR or its editorial team cannot independently verify all details.

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