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Nairaland Forum / Nairaland / General / Business / FG Approves 173 Loan Apps, Bars Illegal Online Banks (35757 Views)
FG Bars Online Banks From Accessing Customersβ Photos, Contacts / FG Orders Google, Apple To Deactivate βillegalβ Online Banks, Loan Apps / FG Shuts Illegal Online Banks, Freezes Business Accounts (2) (3) (4)
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Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by SUPERPACK: 10:24am On Apr 04, 2023 |
Basicend:Your terms and conditions bears no weight in the court of law if it infringes a person's basic human right. The land has a court if anybody defaults in debt take him to court. 1 Like |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by imoh4king(m): 10:27am On Apr 04, 2023 |
There are plenty online loan shark agents on this thread. 2 Likes |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by imoh4king(m): 10:30am On Apr 04, 2023 |
AmazingELixir: Another agent. 1 Like |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by imoh4king(m): 10:32am On Apr 04, 2023 |
MrBroke: Thief !! Another agent |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Nobody: 10:35am On Apr 04, 2023 |
Getin2ouch:I think that's even 148 percent interest if my calculation is correct. Despite that fact, these apps are helpful to people. They want to make profit just like every other business man out there, just like every other phone repairer, sales man out there and I don't think there are measures in place to regulate this. Therefore, anything goes. By lending people money without paperwork or collateral, they put themselves in a vulnerable position and the fair thing to do is to try to pay up on time or try to extend the payment date. That being said, I hope they are going to reduce the interest rate though I know I'm not entitled to make such requests. I mean, they are a private organization right? 1 Like |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by MrBroke(m): 10:46am On Apr 04, 2023 |
imoh4king: No nigga, I'm not an agent o, i want to start a cash advance business so I'm just carrying out a survey on my interest. Thief!! Is the last thing i will become, so peace 2 Likes |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by erniok(m): 11:31am On Apr 04, 2023 |
SalamRushdie:That is why the govt. is trying to sanitize the market and I think the govt. deserves an accolade for it. 2 Likes |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by EriMma1: 11:44am On Apr 04, 2023 |
Getin2ouch: Na them easemoni. |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by EriMma1: 11:47am On Apr 04, 2023 |
sunkieisland: Hahahahaha.. πππππ... Shey e still dey work sha ππππ abi Dem don use curse disable am? Hehehehehe... wahala |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by 147ekinmogun(m): 12:25pm On Apr 04, 2023 |
imoh4king:They are plenty here o.Im surprised too. 1 Like |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by imoh4king(m): 12:27pm On Apr 04, 2023 |
MrBroke: Better do your survey with loan Company owners. I almost started up with a friend (former UBA Staff). If u don't have the dynamix of what it means to chase defaulters especially some that might use diabolic means to escape paying back with interest, don't try it. |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by bigcee(m): 12:28pm On Apr 04, 2023 |
AsaBlackheart:Dem carry you handicap ![]() ![]() ![]() |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Nobody: 12:32pm On Apr 04, 2023 |
Goodlady: I can comfortably tell you for free, that Fairmoney is amongst the top 3 loan apps to deal with. They don't inundate you with incessant and embarrassing phone calls or messages. Their interest rates are decent. Even if you default on the set date for repayment, they give you the option of extending your deadline but with a slight fee. They make certain to exhaust all responsible means of recollection before resorting to contacting your two fall back contacts. I used the platform during this naira scarcity saga because I needed a means for online transactions. When I subsequently experimented twice with their loan option, I was impressed. 2 Likes |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Solenzo19: 12:37pm On Apr 04, 2023 |
erniok:Some of these loan guys are very mean. They have different tactics of making someone go through hell. Imagine, kashcash gave me a loan of 45.5k I didn't request for, but on my dashboard it was showing 70k. Immediately, I called their customer care line and the agent asked me to pay back the money into an account provided. In doing so, my bank erroneously debited me the 45.5k twice due to network issues. As soon as I complained to kashcash, they acknowledged receipt of the money, but instead of refunding the extra 45.5k back to me, they sent back only 16.9k! Let's be careful with these loan shark operators. They can cause one hpb instead of solving your problems. 2 Likes 1 Share |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Basicend: 12:41pm On Apr 04, 2023 |
SUPERPACK: Oga, I can't be arguing with you coz u don't know what the weight of consent means in contractual agreement. Go and expand your scope on legalities. 1 Like |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by MrBroke(m): 12:54pm On Apr 04, 2023 |
imoh4king: Thanks for the info. 60% collateral value equal to loan amount given, so if the defaulters do their thing i claim Collateral. And a background check too for salary earners you get a loan of 20% of your salary. 1 Like |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Getin2ouch: 12:59pm On Apr 04, 2023 |
4Humanity4All:Nah, it is 74%. They are out to make profit doesn't mean to reap off their customers. Meanwhile, there are still many people taking the loan with the intention of not paying back. There are many groups in Facebook where you see people prouding about the number of apps they took loan from without paying. The thing is, all this is synonyms to lack of proper regulation. Even with this registration, nothing will stop these loan companies from charging exorbitant interest and many people would still borrow without paying back. The only thing this registration will curve is the defamation of defaulters. The Nigerian government can do better by putting proper regulatory guidelines of operation to this companies and the companies in turn device lesser risk mechanisms of giving loan. |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by sintirin(m): 1:05pm On Apr 04, 2023 |
[π€£π€£π€£π€£π€£ quote author=inoki247 post=122281344]πππ Oya dey borrow money dey go una use am resemble Buhari... If dem ask una Wu be una role model jus say Buhari...[/quote] |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Artemis444: 1:12pm On Apr 04, 2023 |
Moneyboyz:3K would be their minimum π |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Rybnyk(m): 1:22pm On Apr 04, 2023 |
Hezzyluv: Hope someone didn't have access to any of your SIM cards at any point in time... |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by HeroicMeastro: 1:31pm On Apr 04, 2023 |
jaeyking:Are you an agent of one of these loan sharks calling and harassing people? Is like you are culpable.. |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Nobody: 1:32pm On Apr 04, 2023 |
Getin2ouch:OK. Where there is no standard interest rate, there's nothing like reap off customers here. It's a business. When the terms aren't Favourable, you borrow from family and friends instead. To those who pride themselves in taking loans and deliberately defaulting, that's their own problem. It's easy to sit in our house and blame the government for everything. If you have anything against these loan apps, the best is to write a review on play store and with time they'll listen. If they don't listen, you look for other means. A loan app isn't a charity organization. It's not a government organization either. It's just like all these private institutions. 1 Like |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Artemis444: 1:54pm On Apr 04, 2023 |
jakizio42:You might use multiple loan apps if your tuition fees is high. Registering on a different user phone is better, in case there is issues repaying back. They may contact the "unfamiliar contacts" in that person's phone. OR use your phone to register another person, when they credit the person the person can pile up all the money and credit you. Should there be any issues, your contacts "do not" know that person "who registered and obtain" a loan using your phone. |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Getin2ouch: 2:03pm On Apr 04, 2023 |
4Humanity4All:Guy rest abeg! I have said what I have said and still stand by it. Who is responsible for regulating these companies if not the government and how is asking the government to regulate them become blaming the government for everything? . You are saying it is business, aren't supposed to be regulated in such a way that it will become beneficial to both parties involved? This is my last reply concerning this issue. 1 Like |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by MrFollowFollow(m): 2:04pm On Apr 04, 2023 |
iyabeji14: Banks do not give loans unless the borrower provides collateral thus they have something to fall back on unlike the online loan companies |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by MrFollowFollow(m): 2:09pm On Apr 04, 2023 |
erniok: If you don't want to meet their conditionalities then go and arrange collateral so you can get a loan from a commercial bank! |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by MrFollowFollow(m): 2:11pm On Apr 04, 2023 |
jamesversion: This one is a big fat lie! Some Nigerians borrow specifically with the intention of not paying back the loan! |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by MrFollowFollow(m): 2:18pm On Apr 04, 2023 |
4Humanity4All: Don't mind him, he's intentionally misrepresenting facts because he wants to curry public sympathy |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Nobody: 2:22pm On Apr 04, 2023 |
Getin2ouch:l You have no right to tell me to rest when you stand by your opinion. I never said anything was the reason for blaming the government for everything so, don't put your words into my mouth. If you aren't comfortable with the interest rate, don't take the loan simple. Approach your banks instead for loan. |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by MrFollowFollow(m): 2:24pm On Apr 04, 2023 |
Getin2ouch: The interest is dependent on the duration of the loan so if you don't want to pay such a large interest then make sure you choose a short duration. Be informed that short term loans are not used to finance or start new businesses anywhere in the world. It is a funding mismatch for you to use a loan with 30 day period to finance a business transaction that will mature in 180 days! 1 Like |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by MrFollowFollow(m): 2:30pm On Apr 04, 2023 |
Solenzo19: You have narrated your own version to make yourself look good and innocent but I'm sure that if we ask for their own version they will probably tell us that you were probably owing them so the deducted your debt from the overpayment before sending you the net amount |
Re: FG Approves 173 Loan Apps, Bars Illegal Online Banks by Lingudy(m): 2:48pm On Apr 04, 2023 |
yinkus6750:But these companies loves disgracing their customers once you defaulted, that's is why I never too loans from their apps |
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