Loans without Credit Checks in Nigeria 2024 [How to Apply]

  • November 19, 2023

In Nigeria, access to credit is a significant challenge for many people. While loan apps in Nigeria offer loans with just credit checks, banks often require collateral, making it difficult for many Nigerians to obtain the loans they need.

Fortunately, alternative lenders have emerged to fill this gap, offering loans without credit checks.

In this article, we’ll explore the concept of loans without credit checks in Nigeria. We’ll also explain how some platforms can help Nigerians access a loan without credit check in Nigeria.

So, without further ado, let’s dive straight in!

Understanding Loans without Credit Checks in Nigeria

Loans without credit checks are simply loans that don’t require borrowers to have a good credit history.

These loans are typically offered by alternative lenders who use different criteria to evaluate borrowers’ creditworthiness, such as income or employment status.

There are several types of loans without credit checks available in Nigeria. These include payday loans, personal loans, and instalment loans. These loans are usually small, short-term loans that are designed to be repaid quickly.

Now that you know what a loan without credit checks in Nigeria is, let’s who and how to be eligible.

Related: Loan Apps with BVN Only

Eligibility Criteria for Loans without Credit Check

If you have a bad credit score and want a loan without credit check in Nigeria, you should know that there are still some requirements that will take the place of your credit score.

The eligibility criteria or requirements for loans without credit checks vary depending on the lender. However, most lenders require borrowers to be at least 18 years old, have a valid bank account, and provide proof of income or employment.

To break it down, below are some of the requirements

  • You must be at least 18 years old
  • You must have a valid bank account
  • A valid BVN is required
  • Proof of income may be required
  • Employment status may be required
  • You may need to tender other vital documentation too.

Having known who and how to be eligible for a loan without credit check in Nigeria, let’s see platforms that give this type of loan.

Read Also: Loan Apps without ATM Card in Nigeria

Where to Get a Loan without Credit Check in Nigeria

There are lots of lenders that claim to give no credit check loans in Nigeria. However, after lots of research, we cannot recommend any.

This is simply because a few loan apps that have been banned in Nigeria use this as one of their ways of getting people to borrow from them. Whereas, they later disturb the borrowers before the due date, or offer very low loan amounts with high-interest rates.

If you want a loan with very flexible terms, you can check out our list of loan apps without BVN in  Nigeria. There you’ll find reliable loan apps where you can borrow money without dropping your bank details.

See Also: How to Apply for GtBank Loan for Non Salary Earners

Risks Associated with Loans without Credit Checks

One of the significant risks associated with loan apps without credit checks in Nigeria is high-interest rates. Since lenders don’t check borrowers’ credit histories, they often charge higher interest rates to compensate for the risk.

In addition, some lenders may have hidden fees or penalties, which can increase the cost of the loan.

Check Out: List of Federal Government Loans for Small Businesses

Tips for Choosing the Right Loan without Credit Check

In case you find a loan app that doesn’t check your credit score, here are some tips to choose the right one for you.

  • Firstly, it’s important to shop around and compare lenders’ offers.
  • You should also read reviews and check the lender’s reputation before applying for a loan.
  • Lastly, only borrow what you need and ensure you can repay the loan on time.

Read Also: How to Apply for a Car Loan without Collateral in Nigeria


Access to credit is crucial for many Nigerians, and loans without credit checks provide a valuable alternative to traditional financial institutions. There are loan apps that claim to give loans without credit score in Nigeria, but be careful with them.

When choosing a loan without credit check, it’s essential to consider the loan amount, interest rate, repayment terms, and fees. You should also read reviews and check the lender’s reputation to avoid scams or fraudulent lenders.

By following these tips, we believe you can make informed decisions and choose the right loan without credit check for your needs.