Hello, nairalanders. I have been having some difficulties in keeping my business up and running hence I decided to go for a loan. I searched and discovered some institutions offer loans from N400, 000 to 20million. I did apply and got an approval letter from them via email. The issue now I was told to pay a processing fee of N38, 000 from all the institutions. Please are they real or scammers. They are
1. Cityway capital ltd, 7A Airport road,warri delta state
2. clarrentta credits nig, 5 worlu st, D-line porthacourt
3.loannage, kenyennte enugu.
Please I need to know if anyone has done transactions with them.

Pay & forget your money. Use your head

Never borrow money to keep your business afloat, it will end in tears especially when it is from Loan Sharks. Pls downsize instead of borrowing.

SUPERPACK:
Never borrow money to keep your business afloat, it will end in tears especially when it is from Loan Sharks. Pls downsize instead of borrowing.

Best advice, these loans do more harm than good in Nigeria because the conditions are always to milk the little ones. Instead, go for grant if you have access to it.

spencestanlis:
Hello, nairalanders. I have been having some difficulties in keeping my business up and running hence I decided to go for a loan. I searched and discovered some institutions offer loans from N400, 000 to 20million. I did apply and got an approval letter from them via email. The issue now I was told to pay a processing fee of N38, 000 from all the institutions. Please are they real or scammers. They are
1. Cityway capital ltd, 7A Airport road,warri delta state
2. clarrentta credits nig, 5 worlu st, D-line porthacourt
3.loannage, kenyennte enugu.
Please I need to know if anyone has done transactions with them.

No reputable finance company will ask you to pay an upfront processing fee!

spencestanlis:
Hello, nairalanders. I have been having some difficulties in keeping my business up and running hence I decided to go for a loan. I searched and discovered some institutions offer loans from N400, 000 to 20million. I did apply and got an approval letter from them via email. The issue now I was told to pay a processing fee of N38, 000 from all the institutions. Please are they real or scammers.

Dear Op,

If your business is either Manufacturing, Trading or in the Agricultural sector, why don't you apply for grants from Bank of Industry and Bank of Agriculture instead?

The federal Government has made up to 9billion available to Banks to give out as grants to aid businesses and the agricultural sector


These FG loans come at a single digit interest rate of not more than 9% per annum. This way you can comfortably expand your business and also meet up with you loan obligations.


Any question?

If I may ask, please, did you eventually get the loan?

tukopy:


Dear Op,

If your business is either Manufacturing, Trading or in the Agricultural sector, why don't you apply for grants from Bank of Industry and Bank of Agriculture instead?

The federal Government has made up to 9billion available to Banks to give out as grants to aid businesses and the agricultural sector


These FG loans come at a single digit interest rate of not more than 9% per annum. This way you can comfortably expand your business and also meet up with you loan obligations.


Any question?

.Please I do appreciate everything you said, but hw do I go about these things u highlighted. Thanks

doclatom:
If I may ask, please, did you eventually get the loan?

. from the comments u could see that if I fo am s big fool. moreover, I saw someone on Facebook complaining hw her husband was scamed of 234, 670naria from one of the mentioned financial services

Cityways Capitals is pure scam. I can attest to that.