Loan apps
November 20, 2024
Kobogo Loan App: 2024 Review
Fintech
November 15, 2024
Plenty of online loan apps in Nigeria offer quick loans for emergency needs. These apps have minimal requirements, all that is needed is your 11-digit BVN number and some details about yourself to secure a loan. Because of the minimal documentation requirements of these loan apps, they tend to charge very high-interest rates on short-tenor loans. Online loan apps should not be used to fund one’s lifestyle, they should only be used for emergencies only.…
Cashdey is a Nigerian online loan app that provides short-term personal loans among other services. The Android-based app gives collateral-free loans starting from N3,000 to a maximum loan amount of N100,000 with minimal documentation. With over 100k downloads so far, the app uses a loan software to collect prospective customers’ information including phone records, banking transaction alerts, and BVN to build each borrower’s credit score and make them a personalized loan offer. To qualify for…
★★★ SuperLoan app is a Nigerian smartphone lending service that offers convinient personal loan with credit limit up to ₦100,000 unsecured. An unsecured loan is a type of loan that does not require collateral or downpayment to obtain. It is usually short-term with very high interest rates. SuperLoan makes getting a personal loan simple by using the data on your phone including your information to verify your identity and create a credit score. Please do…
NiceNaira is a Nigerian digital loan app that provides short-term personal loans among other services. The Android-based app gives collateral-free loans starting from N3,000 to a maximum loan amount of N50,000 with minimal documentation. NiceNaira loan app has so far gained over 500k downloads on the Google play store with mixed reviews. It uses loan software to collect prospective customers’ information including phone records, banking transaction alerts, and BVN to build each borrower’s credit score.…
The Nigerian naira is undergoing a turbulent time and has been steadily losing value against the US dollar in recent years. Naira has fallen by over N190/$1 year to date from an average of N565/$1 recorded as of 31st December 2021, currently trading as high as N780/$1 and still rising. Furthermore, 10 million Nigerian naira in 2015 was about $55,600, which was quite impressive for an average Nigerian. That same amount left in a bank…
