Loans How Do You See Loan App?

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Valued Contributor
Very scamming....as plenty as they are you couldn't even differentiate how legit they are, just by viewing them. But if any loan app is asking for your last digit of credit card or password of some sort, then we should be aware that those are scam. It's either they want to get all your money withdraw as an act of scam or they want to withdraw their money in case if you fail to pay on time.
Apart from what they lent you,they will want to defraud you of your hard earned cash that was why I classified them to be scammers.Some will even scared you with their interest rate and if you default in time of payment,they will charge you extra interest which will make the whole thing to be frustrating.I don't like their idea at all.Having your BVN alone is enough to scam you.
 
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Sherman198

Sherman198

VIP Contributor
Apart from what they lent you,they will want to defraud you of your hard earned cash that was why I classified them to be scammers.Some will even scared you with their interest rate and if you default in time of payment,they will charge you extra interest which will make the whole thing to be frustrating.I don't like their idea at all.Having your BVN alone is enough to scam you.
Very risky kind of, with them withholding your BVN and some of your debit card details, then it's necessary to be wary and watchful. I was telling one of us here that some Nigerians could create some of those apps for phishing out your necessary details and if they get hold of your details like BVN, couple with some tools then sorry is the case lol
 
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Josemendez

Valued Contributor
In my country , I have seen tons of loan apps and I must tell you that it doesn't worth the stress. Most of them will promise you that you can take any amount of money you want but the interest associated to it is so huge .
One just need to be able to get back the loan on time otherwise he will keep paying huge interest on the loan
 
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Sherman198

Sherman198

VIP Contributor
In my country , I have seen tons of loan apps and I must tell you that it doesn't worth the stress. Most of them will promise you that you can take any amount of money you want but the interest associated to it is so huge .
One just need to be able to get back the loan on time otherwise he will keep paying huge interest on the loan
I wouldn't even encourage anyone to go for an app loan. Their interest is way too big than the normal loan with this banks. But some people see it, as easy access loan with not much collateral. And I advice them against it still because this loan apps collect some vital details or information which are not supposed to seen by them.
 
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Augusta

VIP Contributor
During some speakable and unspeakable circumstances, we some times being advised to take a loan, for us, to do what we deem fit financially necessary.

For this, we seek every means of collecting a loan. But alas! Some people try to avoid banks because of mounted interest on the loan or the demand for weighty collateral which sometimes can be unattainable.

For this people seeks loan help from different loan apps. This apps tends to give loan but with provisions of ones BVN number and some other crucial details.




How do you see loan app?
For me I don’t think I will ever try using any of those apps. I can’t try leaving my BVN online. I don’t know the people operating the app so I can’t trust them with sensitive information. Getting their money at the end of the expiring period I hear these loan can be very rude. I can’t deal
 
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Sherman198

Sherman198

VIP Contributor
For me I don’t think I will ever try using any of those apps. I can’t try leaving my BVN online. I don’t know the people operating the app so I can’t trust them with sensitive information. Getting their money at the end of the expiring period I hear these loan can be very rude. I can’t deal
It's all been said, if you check some of my replied comments. I have always warn people off all these loan apps. But it's seems some people can be adamant and cumbersome at times. There are several analysis to proved that most these loan apps are mountebank, they are just there to get your BVN and other crucial details, and it's very risky.
 
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Mika

VIP Contributor
I have never tried any loan apps. I do not know if it is possible to get a loan from these apps. But in my home country, some banks have made it easy to apply for a loan through mobile apps. All you have to do is provide information like your income, credit score, collateral, etc. The bank will contact you based on the information provided.
 
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Sherman198

Sherman198

VIP Contributor
I have never tried any loan apps. I do not know if it is possible to get a loan from these apps. But in my home country, some banks have made it easy to apply for a loan through mobile apps. All you have to do is provide information like your income, credit score, collateral, etc. The bank will contact you based on the information provided.
I think it's different in my country....there are so many apps that claims to borrow you money and the majority of them are not banks app, they are just peoples apps that has nothing to do with loan firms. And many of them are scam apps claiming to give what they don't have, at the risk of your valuable information which maybe used to scam you later.
 
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Alexandoy

VIP Contributor
I know of someone who tried to get a loan from the internet. I think it was an app that he used. The problem is the credit card which was a requirement as an identity of the borrower. Maybe it is his credit standing that the credit card will vouch. But the borrower got scared so he did not pursue the loan from the internet.
 
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Sherman198

Sherman198

VIP Contributor
I know of someone who tried to get a loan from the internet. I think it was an app that he used. The problem is the credit card which was a requirement as an identity of the borrower. Maybe it is his credit standing that the credit card will vouch. But the borrower got scared so he did not pursue the loan from the internet.
Most people get scared sometimes because of what they ask for most times. They normally ask for BVN, from people in my country, and that's like their SSN, and getting hold of this, in future they may chose to tamper with this classified number and scam anyone. And most of these apps can't be trusted fully
 
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