Full List of Fake Loan Apps in Nigeria.

Full List of Fake Loan Apps in Nigeria.

No one should deceive, intimidate, or disparage loan clients or borrowers. But Nigerians find it upsetting because defaulters often defame people's reputations. In order to keep yourself secure in all of your transactions, you should avoid these list of fake loan apps in Nigeria to be mentioned later in this post, like a plague. The majority of these bogus lending applications in Nigeria are against local legislation as well as Google's Play Store policy regarding loan apps.

Customers and borrowers should steer clear of them at all costs. Due to these fraudulent digital lending applications, several individuals have been tricked, duped, and had their bank accounts improperly debited. Just be careful!

According to a Premium Times Blog report in March 2022 in Nigeria, these lending companies provide short-term loans to subscribers to help them with immediate needs, but they also use unethical tactics like cyberbullying, harassment, and data breaches against clients who may have defaulted on loan payments.

Below is the list of fake loan Apps in Nigeria:

1	KashKash	11	Cash Wallet
2	GoCash	12	GGMoney
3	Cash Mall	13	9Credit
4	CashLion	14	Sokoloan
5	FastMoney	15	Palmcash
6	LendCash	16	Ease Cash
7	BorrowNow	17	ForNaira
8	LCredit	18	GotCashger
9	NairaPlus	19	NCash
10	9ja Cash	20	GotoCash

How to Detect Fake Loan Apps in Nigeria.

An average commercial bank loan in Nigeria has an annual interest rate of 24 percent. However, the interest rates on bogus loan applications range from 75% to 400%. Here are a few warning signs to look out for when spotting a fake loan application.

Small loan amount
Crazy High-interest rate
Fake office address
The loan company is unregistered
Short loan Repayment time
The loan company pressures you to act immediately
Fake or insecure Lender’s website
Card verification fee

Thank you for reading this piece on the list of fake loan Apps in Nigeria. I hope it is beneficial to you. You can also leave your comments in the comments section below. XOXO.

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