Loan Without ATM Card

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Loan without ATM card

Most borrowers now want a have access to loan without ATM card. The reason is not far-fetched if not for some loan app that withdraws money from the borrower’s account without their consent. You know most loan apps do require debit card details before your loan application can be processed. But the story has changed as we now have apps that grant loan without ATM card details.

Are you in need of a loan and you do not have an ATM card? Or probably you do not want to share your card details with anyone because of safety. Maybe you have been scammed before and you do not want to fall victim again. Then continue reading this blog post because I will unveil the 5 best platforms where you can access either short-term or long-term loan without ATM card.

To get the full gist, keep reading!

What is a Debit Card?

A debit card commonly called an ATM card in Nigeria is a payment card that can be used in place of cash to make purchases. The debit card usually consists of the bank’s name, a card number, the cardholder’s name, and an expiration date.

The debit card is commonly used on an ATM or a POS machine. Also, you can use your card details to make payments online.

Note that the debit card is similar to a credit card, but unlike a credit card, the money for the purchase must be in the cardholder’s bank account at the time of the purchase. Hence the money is immediately transferred directly from your account to the merchant’s account to pay for the purchase.

Best 5 Apps You Can Access Loan Without ATM Card

After much research l find out that the apps below will grant you a loan without ATM card. With any of these apps, Nigerians can access loans more conveniently. Aside from granting loan without ATM card to people they also allow for flexible repayment options, competitive interest rates, and a user-friendly interface.

All these among others provide a smooth experience for all their borrowers.

Generally, apps that grant loan without ATM card to people in Nigeria offer a great solution to both the banked and unbanked individuals’ access to loans. These apps are:

  • Branch International 

Branch International, though not a Nigerian financial technology company, has a branch in Nigeria. Over the years Branch International has helped its users with their everyday financial transactions. Some of these include money transfers, savings, investing, airtime purchases, bill payments, loan payments, and lots more.

Furthermore, with the Branch app, you can access both urgent and long-term loan without ATM card in Nigeria. It is the world’s leading financial app that provides access to instant loans without any physical documentation. Yet offering a fair interest rate and their payment methods are flexible.

On the Branch loan app, you can access quick loans of up to #200,000 within 24 hours of application. Since they started operation they have issued over 29 million loans to individuals which is equivalent to over 1 billion dollars in disbursement. The repayment term is between 9 to 52 weeks with an Interest range of 17% – 35%. The exact interest depends on the amount they offer you.

Nevertheless, before you can access the loan at Branch International you will download their app. After that, you will create an account, and then apply for the loan. Still, you have to wait for approval before you can receive your loan.

Note that Branch International does not require your ATM details before you can be granted a loan. That is, you can access a loan without ATM card from Branch International.

  • Renmoney

Renmoney App is one of the best loan apps where you can access loan without ATM card in Nigeria. Renmoney has been building banking solutions for millions of banked and under-banked people in Nigeria for the past 10 years. The app works on both iPhone and Android so you do not have to worry about the type of device you use. Besides, it is a finance app that lets you save and transfer money, pay bills, purchase airtime, and above all take instant loans just with your phone.

Similarly, Renmoney is a reliable platform because it is one of the most popular lending apps in Nigeria. With the Renmoney app, you can access both personal business loans of up to 6 million naira. Besides, they have good loan terms and conditions and the repayment period is 360 days.

Ultimately, you do not require collateral, ATM card, paperwork, or a guarantor before you can access a loan.

  • FairMoney

FairMoney is a unique app that allows you to access loan without ATM card in Nigeria. Also, it is a popular lending app in Nigeria that gives loans without documentation or collateral. 

Before you can collect a loan from Fair Money you must download the Fairmoney app and then sign up. After that, you must add your personal details, then input your BVN, and phone number linked to the BVN. Ultimately, confirm your identity and then apply for the loan you wish.

You will get the money credited into your Fairmoney account immediately after your loan application is approved. If you wish you can transfer the money into your bank account, or use it to pay online.

Another good thing about Fairmoney is that it offers loans with low interest rates. Besides granting undelayed loans to individuals, Fairmoney also offers digital banking services to people. Thus, with Fairmoney you can save and invest your funds. Also, you can use the app for cash withdrawal, payment of bills, airtime, and data top-up among others. 

The fintech organization is licensed to provide its customers with short-term loans. Hence, you can access quick loans of up to ₦3,000,000 in 5 mins.

Note that the repayment period is 24 months. 


Umba is an African digital bank that offers free bank accounts and financial services to its customers. It is one of the fintech apps that can offer you loan without ATM card in Nigeria. The Umba is one of the best fintech industries in Nigeria you can always trust with your money. However, in order to benefit from all its services you must first download the Umba app from Google Play Store or Apple App Store depending on your device. After that log in to your Umba account.

And then, tap on the icon labeled “Loan”, then click on “Umba Money Loan”. Then you will be requested to accept permissions, connect your bank, and take a selfie check.

Immediately you accept the permissions your status will change to green.

Furthermore, click on the Verify Identity. 

Hence, click on the “Get Started” button where you will be able to proceed to the Umba Money Loan screen. Then follow the steps below;

  • First, select the loan offer
  • Then choose the reason why you need the loan
  • After that tap on the Confirm Loan offer
  • And then wait for the loan to be processed
  • Finally, check your Umba wallet for the loan offer.
  • KiaKia

 Kiakia peer-to-peer is one of the loan platforms where you can have access to loans without ATM card. Unlike many loan sites, Kiakia is not a fintech company, it is a pure peer-2-peer loan platform. That is they help in connecting investors to borrowers. Also, as of the time of writing this article, Kiakia Loan does not have an app. Thus, you can only borrow on their website here

If you intend to apply for or make a loan request, just click the “GET A LOAN” button from the home page and engage Mr. K in the conversation. You will be asked some questions if you can provide relevant answers you will be granted a loan. Yes, it is that simple. However, it is important to note that before you can access any type of loan with Kiakia you must fulfill the following requirements;

  • You must be a resident of Nigeria
  • You must be above 21 years of age
  • You must possess a Bank Verification Number (BVN). Also, you must be an account holder with any of the mainstream commercial banks in Nigeria.
  • Provide evidence of verified source(s) of income (employed in the public/private sector or runs his/her own business).
  • A valid means of Identification (Work ID for employed applicant, and Government-issued ID for self-employed) applicant.
  • Proof of income (SMS or email screenshots of monthly income alerts or electronic bank statements (in PDF format) for the 6 most recent months). Besides, you can authorize KiaKia to view your bank transactions by connecting your bank account to the Mr. K software ONLY for the purpose of obtaining bank transaction details.

After you are certain you meet the loan requirements you can submit a loan application by following these steps.

  • First, create an account by providing all the required details.
  • Then start the application chat with Mr. K
  • After that upload your work ID or government-issued ID.
  • Then enter the desired loan amount and select duration/tenure.
  • Next is to upload a Screenshot of SMS alerts or a PDF statement of your last 3 salaries or Business Income
  • Finally, accept loan terms and conditions (IF APPROVED) then authenticate your submitted bank accounts.

You will be credited in minutes.

Note that the interest rates range from as low as 12% and as high as 40% with a duration of 6 to 18 months tenure. But as a first-timer, the maximum loan tenure is 30 days. 

Furthermore, Kiakia gives room for conscious-minded Muslims an avenue to access a loan. This is called the Halal lending option. The Halal investment option adheres to the Islamic principles governing non-interest funding. Hence, under this arrangement, KiaKia gives funds to businesses for the purpose of profit sharing rather than interest payment. Which is according to the Islamic principle of non-interest finance.

Final Thought

After extensive research, I have been able to comply with the correct 5 loan platforms where you can get a loan without ATM card. Hence, you do not have to worry about your card details being shared with a third party. Visit Branch, Fair Money, Renmoney, Umba, or Kiakia and request the loan of your choice.

Frequently Asked Questions on Loan without ATM Card

Can I get a loan without a debit card in Nigeria?

Yes, you can. There are several loan apps in Nigeria that offer instant loan without the need for an ATM card. Some of the apps are the Branch International loan app, Renmoney, FairMoney, Umba, and Kiakia. However, they use alternative strategies to assess your creditworthiness like credit score and others. These allow them to provide you with a loan accordingly.

Are loan apps that offer loan without ATM cards safe and secure?

Yes, they are safe. All the loan apps mentioned in this blog post prioritize the safety and security of customers’ data. They all use encryption and secure protocols to protect your personal information.

What is the typical loan repayment period?

The loan repayment periods or tenure varies from one loan app to another. Some of these apps offer short-term loans, but some provide longer repayment durations. Nevertheless, it is essential to check the terms and conditions of any app you want to access before applying for a loan.

How soon can I get the loan amount credited to my account?

The time in which you get the loan amount credited into your account varies from one loan app to another. However, most loan apps will pay the requested loan into your account within a few hours after your application has been approved.

Is there a limit to the loan amount I can borrow?

Yes, there is a limit to the loan amount you can borrow. But, the limit is not the same for all loan apps. Also, the limit you can borrow depends on your credit score and repayment history with the loan app.


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