Full List Of Fake Loan Apps In Nigeria You Must Avoid 2023

This article list  Full list of fake loan apps in Nigeria you must Avoid this 2023 to protect your money and information. 

Fake Loan apps are a serious issue in this country. And even with how fraudulent and scam activities are exposed on the internet. Thousands of people are falling victims to scams every day. So, in this article, we will give you a list of fake loan apps in Nigeria you should avoid. And how these apps operate and also how to protect yourself and your money from scammers.

What Are Fake Loan Apps?

Loan apps are mobile apps that let people borrow money. And pay back with interest after an agreed period of time. But, most of these loan apps are scam. That’s why we are here to guide you, so you won’t make the mistake of registering under a fake loan app. Now that you know what fake loan apps are. Let’s take a look the list of fake loan apps in Nigeria.

Complete List Of Fake Loan Apps In Nigeria

These are top 30 list of fake loan apps currently in Nigeria.

1. 9ja Cash
2. GG Money
3. Ace money
4. Sokoloan
5. Blink
6. EasyLoan
7. SpareBucks
8. KwikLoan
9. TwineBank
10. Cash friends
11. Lion happy
12. ForNaira
13. Naira Naija
14. Cash Wallet
15. CrediNow
16. LoanKing
17. NairaPlus
18. SparkCredit
19. Dedebt
20. Got cash
21. FastMoney
22. Palmcash
23. Snike Dollar
24. GetLoan
25. NairaLoan
26. CashMe
27. SoftPay
28. Ease Cash
29. 9Credit
30. CashPal

This list of fake loan apps in Nigeria are the most common ones used. And they have also been reported for fraud, identity theft and even illegal interest rates.

Why You Should Avoid Fake Loan Apps

There are many reasons you should avoid fake loan apps. They are:

1. They will steal your money from your bank account.
2. When someone credits your account, they will withdraw the money.
3. They may sell your personal information like; your BVN.
4. They will steal your identity.
5. And also frustrate you financially
6. They will even ignore you when you ask for help and block you from calling them.

So, it’s important to know about this list of fake loan apps in Nigeria and avoid them at all costs.

How To Recognize Fake Loan Apps In Nigeria

Based on the list of fake loan apps in Nigeria I mentioned earlier. It’s very easy to spot them and I will show you how. In this section, I will give you the common signs to look out for and how to avoid being scammed. They include:

1. No Contact Information:

If you can’t find a phone number, email address or any other way to contact the company, then you are dealing with a fake loan app.

2. No Physical address:

If a loan app doesn’t give you a physical address, then it’s fake.

3. No Information About Them:

You won’t find any information about them at all. Which makes it very suspicious and risky.

4. No Website:

If the loan app doesn’t have an official website, you can’t trust it.

5. No CEO or Owner:

If you can’t find a CEO or the Owner, it’s because it is not a real loan app.

6. No official approval from the CBN:

If the the app is not approved or have no license by the CBN, it is illegal.

7. No Customer Service Team:

If there’s no one to talk to, don’t trust the loan app.

8. They don’t have simple terms of service:

If the terms of service are confusing or missing, the loan app is fake Since I have given you a list of fake loan apps in Nigeria and how to spot them. I believe you will be able to recognize fake loan apps on your own and protect yourself.

Always be at alert

However, If you have any questions or concerns about the list of fake loan apps in Nigeria. Let me know in the comment section,we will get back to you as soon as we can.

How To Report Fake Loan Apps In Nigeria

I have already shared a list of fake loan apps in Nigeria. However, if you have been scammed by any of the apps or you know someone who was scammed.Do well to follow what I’m about to show you and take action! To report fake loan apps in Nigeria,

1. Contact the Nigerian Financial Intelligence Unit (NFIU) [email protected]  They will investigate and stop the fake loan app.
2. Report the fake loan app
3. Follow up with the agency you reported it to
4. Stay safe from future fake loan apps

List Of CBN – Approved Loan Apps In Nigeria

Although, there are many list of fake loan apps in Nigeria. There is no doubt that there are also a list of loan apps in Nigeria approved by the government and authorized by Central Bank Of Nigeria (CBN) They are:

1. Fair money
2. PalmCredit
3. Okash
4. Branch
5. Carbon
6. Pay later
7. KiaKia
8. Renmoney
9. A24
10. 9Credit
11. XCredit
12. Fair plus
13. Zedvance
14. Sparkle
15. Sella
16. Quick credit
17. Migo
18. QuickCheck
19. Lidya
20. Kwikmoney

This is an important issue, and I want to make sure you have the information With this information, you can protect your money, yourself and your family from fake loan apps by staying alert.

 If you ever have any questions, please reach out to us, and we will do our best to assist you.