Are you looking for loan apps without ATM card in Nigeria? There have been complaints about loan apps withdrawing money from people’s accounts via the ATM card details they entered while registering for the app. This has become a thing of worry since it became compulsory for some loan apps to authenticate your debit card before you can continue a loan request.
This is the reason many people have resolved to look for alternative loan apps without debit card so as to avoid being debited without authorization. This kind of activity usually comes from some fake loan apps that can do anything in their own power to recover a loan amount.
However, you don’t have to worry again. Contained in this article are the top 10 loan apps without ATM cards in Nigeria. These loan apps without debit card were handpicked by one of our editors who has been around writing about loan apps in Nigeria
Top 10 Loan Apps Without ATM Card in Nigeria
Below are the top loan apps that do not require debit card before giving you a loan.
1. Branch Loan App
Branch is one of the top loan apps without ATM card in Nigeria. It is an international financial platform cum digital bank that is present in four countries. It is one of the most reliable platforms to get personal or business loans.
Without the use of an ATM card, you can borrow up to N500,000 using the Branch app for an interest rate of 20% per annum.
You don’t need much paperwork when using this app. The beauty of this app is that there are no hidden fees or charges and their customer service is 26/7 available.
2. Renmoney Loan App
Renmoney is another fantastic loan app in our list of the top 10 loan apps without ATMs cards in Nigeria. The company has been around for some time and only requires your BVN to validate your loan worthiness.
Renmoney loan app is a digital lender managed and overseen by a group of technology and finance enthusiasts. It is one of the most convenient fast loan apps that can be trusted. It has excellent customer care services.
Using Renmoney, you can apply for quick loans to meet needs such as medical bills, school fees, car purchases, house purchases, payment of rent, and business expansion.
3. Aella Credit Loan App
Aella Credit is one of the reliable loan apps in Nigeria that gives quick loans without you having to enter your ATM details in the app.
Aella credit loan app offers business loans that you can use to expand your business, pay bills, and get working capital running in the business.
With the Aella app, you can carry out other functions such as payment of bills and health insurance.
4. Quick Credit Loan App
Quick Credit is a Google Play-hosted loan app that offers Nigerians loans from N1500 to N50,000 without collecting their ATM card details. If you need a reliable loan app without debit card in Nigeria, then Quick Credit is your consideration.
The process is 100% online and requires minimal documentation, the interest rate is competitive and you get disbursed almost immediately.
5. Umba Loan App
Umba is another top loan app in Nigeria that offers direct loans to their customer. You can access the app vis mobile phones and desktops, once you get verified, the app helps you to make wise financial decisions based on the premises of “assigned risk rating.”
It does not require any form of paperwork or collateral and its repayment process is highly flexible.
6. OKash Loan App
Okash Loan App is another reliable loan app without ATM cards in Nigeria where you get to access quick loans anytime, any day.
The Okash platform is managed by Blue Ridge Microfinance Bank Limited. The loan application process requires minimal documentation and you get disbursed upon the approval of the loan with a repayment duration of 91 days to 365 days.
7. FairMoney Loan App
FairMoney is a leading digital bank in Nigeria duly licensed by the Central bank of Nigeria. It has offered more than three million customers in the last four years. You can borrow as little as NGN1,500 and as much as NGN1,000,000. The repayment duration is 61 days to 18 months at a monthly interest rate of 2.5% to 30% (amounting to APRs of 30% to 260%).
It has no hidden charges and allows you to perform other transactions such as payment of bills and other typical services carried out in a regular bank.
8. GTB Quick Credit
Gtbank Quick Credit is a digital platform managed by GTB. To use the GTB Quick Credit, you must have an account with GT Bank.
Using the GTB Quick Credit, you can borrow between NGN10,000 and NGN5million without having to input the details of your ATM card.
Typically, the GTB Quick Credit loan has a repayment duration of 6 – 12 months for a monthly interest of 1.5% and you do not need collateral for this loan. Also, it has no hidden charges.
9. QuickCheck Loan App
QuickCheck is one of Nigeria’s most reliable loan platforms that use machine learning to calculate the creditworthiness of the customers and determine the suitable for them.
Additionally, it is one of the top loan apps in Nigeria without ATM cards where you can get business and personal loans. To access a QuickCheck loan, you have to be an adult, of 18 years or more. Also, all applications must be done on an Android phone. It is not compatible with Apple.
10. Money in Minutes Loan App
Money In Minutes is one of Nigeria’s top loan apps where you can get loans without ATM cards. It is owned and managed by the MIM Finance Company, a UK-originated lending platform that is present on three continents.
The platform has a wide range of services to help you meet your urgent needs. Using MIM, you can borrow between NGN25,000 TO NGN2,000,000 at an interest rate of 4% to 30%.
Which App Can I Borrow Money From Without ATM Card?
In a nutshell, the best app to borrow money from without ATM card is Renmoney and Branch app. Both apps have been around for years and are some of the oldest in the business. These apps don’t shame you too by sending defamatory messages to your contacts.
With Renmoney and Branch loan app, you can take loans for any amount without a debit card and your disbursement would be in minutes. However, these apps require your BVN to validate your creditworthiness, so ensure you have good credit scores from the Credit Bureau of Nigeria.
Can I Get a Loan Without a Debit Card?
Yes, you can get a loan without a debit card. Some apps require your debit card for automatic debit of their money on the due date. However, with apps like Aella credit, Quick Credit, Branch, and Renmoney loan apps, you can get a loan without a debit card and pay it back via transfer when you are ready to pay back the money.
The fact that these loan apps do not need your ATM card does not make them 100% safe. You still need to apply caution when choosing or using any of them. Always ensure you read reviews about the app before borrowing from it.