List Of Fake Loan Apps In Nigeria 2024 ( Updated): Almost in every part of the world people look for an easy loan process. In the same way, Nigerian people also look for instant loan apps to get loans. In this process, they find many apps which provide loans. But not all apps are genuine. Some apps are fake here. To make aware all people here we are providing a complete list of all fake loan apps in Nigeria.
Fake loan apps in Nigeria have unfortunately become a significant issue, with reports of fraudulent practices and scams targeting unsuspecting individuals. These fake loan apps often promise quick and easy access to loans with minimal requirements but end up exploiting users by charging exorbitant interest rates, hidden fees, or even stealing personal information.
List Of Fake Loan Apps In Nigeria 2024
Some fake loan apps include Okash, 9jaCash, KashKash CashLion, FastMoney, Lendcash, NairaPlus, GGMoney, PalmCash, For Naira, GotCash, RapidCash, EaseMoni, AngelLoan, CashRain, iCredit, NowCash, OxLoan, UCredit, MoniCredit, AjeLoan, AimLoan, Lucky Loan, StarLoan, Kakshpah, Credit Hall, Miko Loan, Cycle Cash, GotoCash, etc. Check full list below.
| No. | Name of Fake Loan App |
| 1 | 9 Credit App |
| 2 | 9ja Cash Loan App |
| 3 | Aimloan Loan App |
| 4 | Jaeloan Loan App |
| 5 | Angel Loan App |
| 6 | BorrowNow Loan App |
| 7 | Cash Mall Loan App |
| 8 | Cash Wallet Loan App |
| 9 | Cash Farm Loan App |
| 10 | CashLion Loan App |
| 11 | CashRain App |
| 12 | ChaCha App |
| 13 | CreditHall App |
| 14 | CycleCash App |
| 15 | Ease Cash App |
| 16 | EaseMoni App |
| 17 | EasyCredit App |
| 18 | EasyMoni App |
| 19 | FastMoney App |
| 20 | ForNaira App |
| 21 | GetCash App |
| 22 | GGMoney App |
| 23 | GoCash App |
| 24 | GotoCash App |
| 25 | Here4U App |
| 26 | iCoin App |
| 27 | iCredit |
| 28 | KashKash App |
| 29 | LCredit App |
| 30 | LendCash App |
| 31 | LionCash App |
| 32 | Lucky Loan App |
| 33 | Maxi Credit App |
| 34 | Mikoloan App |
| 35 | NairaPlus App |
| 36 | NCash App |
| 37 | NowCash App |
| 38 | Oxloan App |
| 39 | Palmcash App |
| 40 | Rapid Naira App |
| 41 | SoftPay App |
| 42 | Speedy Choice App |
What are the Fake loan apps in Nigeria?
Fake loan apps in Nigeria are not legitimate and do illegal activities including theft of data, asking money And other financial fraud with customers. These applications have the potential to steal your personal data, impose high-interest fees, or fail to provide the requested funds. Make sure loan applications are legitimate, and only use financial services that are authorized.
- Okash
- 9jaCash
- KashKash CashLion
- FastMoney
- Lendcash
- NairaPlus
- GGMoney
- PalmCash
- For Naira
- GotCash
- RapidCash
- EaseMoni
- AngelLoan
- CashRain
- Credit
- NowCash
- OxLoan
- UCredit
- MoniCredit
- AjeLoan
- AimLoan
- Lucky Loan
- StarLoan
- Kakshpah
- Credit Hall
- Miko Loan
- Cycle Cash
- GotoCash
Fake loan apps Interest rate in Nigeria:
Fake loans first attract customers at very low rates but after that, they charge very high interest rates to customers. Interest rates in Niregia loan apps are multiple times compared to normal loan apps. These apps charge 100% More than normal apps.
Fair Loan Apps Interest Rates
Here is a list of the interest rates for the top 8 loan apps in Nigeria as of 2024:
| Loan app | Interest rates |
| FairMoney | 2.5% to 30% monthly or 30% to 260% APR |
| Branch | 15% to 34% monthly |
| Kuda | 0.3% daily |
| QuickCheck | 2% to 30% monthly |
| Carbon | 2% to 30% monthly Or 23% to 68.3% APR |
| Aella | 6% to 20% monthly Or 22% to 264% APR |
| Palmcredit | 14% to 24% monthly Or 48% to 56% APR |
| Renmoney | 2.9% to 34.17% monthly |
How to find fake loan apps in Nigeria?
There are different methods and techniques through which you can find fake loan apps in Nigeria:
- Check for Registration and Licensing
- Read Reviews and Ratings
- Review Terms and Conditions
- Check for Secure Transactions
- Consult Regulatory Authorities
- Check for Social Proof
- Report Suspicious Apps
- Contact Customer Support
- Verify Contact Information
- Advance Payment Demands
- Beware of Unsolicited Messages from loan apps
- Download from official sources
- Read reviews and customer feedback
- Read terms and Conditions
- Request For Sensitive Information
- Request for your signature
- Bad Reviews Online
- Availability on Google or App Store
- The Use of HTTP instead of HTTPS
- Undisclosed Charges
FAQ: List Of Fake Loan Apps In Nigeria
What are some fake loan apps in Nigeria?Ans: Some fake loan apps are following
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