If you’re looking for a loan app in Nigeria to get a loan from, take a look at the list of fake loan apps in Nigeria and avoid them.
- Cash Wallet
- GGMoney
- 9Credit
- Sokoloan
- Palmcash
- Ease Cash
- ForNaira
- GotCash
- NCash
- GotoCash
- GoCash
- KashKash
- Cash Mall.
- CashLion.
- FastMoney.
- LendCash.
- BorrowNow.
- LCredit.
- NairaPlus.
- 9ja Cash.
In this digital age, there is a lot of scope for creating apps as a way to make life easier for people. The Nigerian market has seen several apps in every sector come up over the last few years. From ordering food delivery to hailing cabs and even getting house help, you can now get all these services conveniently on your smartphone. In the same way, many new fintech apps are being created to make borrowing money easier for Nigerians. There are new lending platforms such as Simba Lender, LoanBuilder, and others that offer easy access to loans from friends or strangers. However, with so many apps trying their luck with Nigerians in terms of fake loan scams. If you’re thinking about borrowing money from an app like that, take a look at this list of fake loan scams in Nigeria and avoid them like the plague!
Simba Loan and other fake loan apps
You’ve probably already heard about Simba Loan because it’s one of the most popular fake loan apps in Nigeria. It makes false promises of giving out loans ranging from $300-$3000. The loan is then “guaranteed” by a third party, and the borrower is encouraged to send a “processing fee” via Western Union that’s in the thousands of dollars. Other fake loan apps that Nigerians have to watch out for are ones like N250K loan, Happy loan, Shopera Loan, and N5000 loan with no credit check. N250K loan claims to provide a loan in cash via various mobile money wallets. Happy Loan promises to offer loans that are approved in 15 minutes. Shopera loan advertises a quick loan of up to N4000. The N5000 loan with no credit check is one of the many loan scams that focus on offering a loan with no credit check in exchange for a large processing fee.
N250K loan
Like the Simba loan, the N250K loan is another fake loan app that you need to watch out for. It asks you to send money via mobile money and also pay a fee for some subscription or service. The request and the website are fake and are used to trick people out of their hard-earned money.
Happy loan
The Happy Loan is another fake loan app that offers quick loans with no credit check. It also asks you to send a fee via mobile money wallets. This is a scam and you should ignore it.
Shopera Loan
Shopera Loan is another fake loan app. It offers loans in exchange for a fee. You should ignore this scam.
N5000 loan with no credit check
N5000 loan with no credit check is a fake loan app that promises quick loans without a credit check. You should ignore it.
Conclusion
There are a lot of loan scams in the Nigerian market that Nigerians need to watch out for. These include Simba loans and other fake loan apps. If you’re thinking about borrowing money via an app and you get a request to send money via mobile money, you should know that it’s a scam. Avoid such loan scams by checking out this list of fake loan apps in Nigeria and steer clear of them!
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