Nigeria, like many other countries, has a high demand for loans, whether it’s for personal or business purposes.

However, traditional financial institutions in Nigeria usually require applicants to have a salary account with a reputable bank, which can be a significant barrier for many people.

Loans In Nigeria Without Salary Account

The lack of a salary account should not be an obstacle to obtaining a loan in Nigeria.

There are alternative options available for those without a salary account to access loans, such as peer-to-peer lending platforms, microfinance banks, and fintech startups.

These platforms are disrupting the traditional lending industry by leveraging technology to provide innovative loan solutions that are accessible to a wider range of borrowers.

In this blog, we will explore the different loan options available in Nigeria for individuals and businesses without a salary account and provide insights into how to access them. 

How Can I Borrow Money Without A Salary Account

You can get a loan without a salary account in Nigeria by visiting and creating an account on the loan companies that will be mentioned below. This loans company offers loans to customers without a salary account or paper works before your loan application will be approved.

Branch Loan App

The Branch loan app is one of the fintech in Nigeria that offers loans to people without salary accounts and also banking services like account numbers and other services. 
The loan application process requires you to have an account with the Branch loan app, and this can be done online from your internet-accessing devices.
The first step in applying for a loan on the Branch loan app is downloading the app from the Google play store or Apple store depending on your device.
After the app has been installed, you can then createann account online following the form prompt and providing them with rightful information to determine your creditworthiness.
If you are not a salary earner or a worker, you can still apply for the Branch loan. So, therefore, Branch apps offer Loan In Nigeria Without Salary Account.


Like the Branch app, Carbon gives Loan In Nigeria Without Salary Account and you need to create an account with the Carbon mobile application by providing them with your functional email address and phone number and your BVN .
They also don’t require any paper works to give a loan as all the loan applications are done online without you needing to submit any paper.

LC Credit

LC Credit has a mobile app that you can download from the play store or from the LC official website in other to start the processing of your loan. Once your application is approved, your loan will be immediately sent to your account and you will be required to make payment after the duration of your loan elapses.

Access Bank Pay Day Loan

Access Bank is one of the most operated banks in Nigeria. The Access Banks offers Loan In Nigeria Without Salary Account.
The payday loan scheme in Access Bank is only available to people who have a functioning account with the bank. The Payday Loan is given to anybody be it a salary earner or a non-salary earner.
In other to apply for the Access bank loan, you just need to dial the Access bank USSD code (*901#) on the SIM Card you used to register with the bank or make use of the bank mobile application to request a loan.
With the Access Pay Day loan, you can get a loan that you can pay back after some months from the day of application.

Palm Pay Credit

The Palm Pay Credit is also another app that gives Loan In Nigeria Without Salary Account. Palm Pay is a Microfinance bank that offers banking services other than loans. You can use your Palm Pay account number to receive money from any bank.
In one of their advertisement, you can get a loan of N150,000 without any collateral security.
In other to apply for the Palm Pay Credit you need to have an active account on the Platform after which you can proceed to open an account.

Kuda Bank Over Draft

Kuda bank is one of the fastest-growing microfinance banks in Nigeria. The Bank has all the functions that all other physical banks have.
Kuda banks give Loan In Nigeria Without Salary Account. But before you can be given a loan from Kuda Bank, you need to have a verified bank account with the Kuda Microfinance bank.
In other to have an account, download the Kuda Bank application from the play store then open an account. You will be given an account number that you can use to make transactions.
To verify your account, you need to upload some documents, like a Voters card, driver’s Licence, and National Identity Card which will be used for identity verification.
Once your account has been verified and upgraded, you can then apply for the loan.

Frequently Asked Questions

Can I borrow money from Gtbank without a salary account?

Yes, you can borrow money from GTbank without a salary account. Through the GTbank QuickCredit on their bank mobile app you can borrow money. This does not require you to have a current or salary account before you can apply to borrow.

Which app gives loan without documents?

Apps that gives loan without any document or collateral security in Nigeria are:

  • Fairmoney App
  • Kiakia Loan app
  • Okash App
  • Branch App
  • PalmCredit app
  • LCredit 

What is the fastest loan app in Nigeria?

The fastest loan app in terms of application approval and quick funding are:

  • PalmCredit App
  • Fairmoney App
  • Branch App.

Can loan apps block your BVN

No, loan apps cannot block your BVN, only the Central bank has the authority to block one BVN. However, if you don’t pay your loan back, the loan app can blacklist your BVN which will prevent you from getting any financial aid in the future.



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