Loan Apps Review: Beware Of LinkCredit, NairaPlus And To U Loan
Loan apps are on the rise in Nigeria, but it is quite difficult to spot the legitimate ones from all these loan apps. Actually, there are 4 major loan apps making wave in Africa right now, especially in Nigeria, which are; To U Loan, NairaPlus, LinkCredit and UCash Loan app.
As a borrower, you should beware of these loan apps that I listed above. Before you patronize any online loan app, you should try to check their reviews. Also, you should check if they have hidden charges.
Other things that you have to check includes repayment terms, interest rate, minimum/maximum loan you can request and their contact informations (customer care).
On this content, I will list out four popular loan apps that are making waves right now, I will also list out their reviews and tell you why you should beware of the loans apps. Below are the loan apps;
3.To U Loan
LinkCredit loan app
LinkCredit is an online loan platform that offers unsecured loan to borrowers without collateral.
According to people who have used LinkCredit loan app, it is one of the best loan platforms in Nigeria. This app is the only loan app that disburse loan quickly. However, it can be frustrating sometimes.
Why you should beware of LinkCredit app
There are several reasons why you should beware of the LinkCredit loan app. From the bad reviews to poor customer care and so on. Before you patronize LinkCredit loan app, beware of the reviews and other four things listed below. Check them out and know them now.
LinkCredit app review
LinkCredit loan is absolutely legit, the interest rate is pretty much low when compared to others and its disbursement is fast. Although, LinkCredit is still lagging in some aspects.
Despite the positive reviews on play store, Link credit have also been criticized for their poor customer care, credit limit is also poor and overdue charges are extremely high.
LinkCredit interest rate: the Link credit official interest rate starts from 6%
LinkCredit minimum/maximum loan request: You can request the minimum of ₦2000 up to the maximum of ₦50,000.
LinkCredit app download (APK): Click here to download the LinkCredit app directly, or go to Google Play Store to download the app.
NairaPlus loan app
NairaPlus is loan platform in Nigeria that offers personal loan up to ₦50,000. This loan app was designed to help Nigerians that are in need of cash.
Why you should beware of NairaPlus
There are several reasons why you should beware of the NairaPlus loan app. There are a lot of bad reviews revolving around NairaPlus loan app.
NairaPlus loan review
NairaPlus is for real and legitimate, but there are some things that the platform didn't clearly put in place. You should beware of the NairaPlus interest rate, it's too high, especially when you request for the third loan and above. Secondly, their agents are arrogant, and their customer care is annoying.
NairaPlus interest rate: The interest rate of NairaPlus varies. Although, it is usually from 11% to 36% interest.
NairaPlus minimum/maximum loan request: You can request up to ₦50,000 on NairaPlus.
NairaPlus customer care:
NairaPlus app download (APK): Download NairaPlus loan app here
To U Loan app
To U Loan is an online loan platform that offers all types of loan, including personal loans, business loans and emergency loans. This app is available for every one and you can request for To U Loan any where in the world. With a good credit score, you can request over ₦300,000 instantly.
Why you should beware of To U Loan
To U Loan has incur a lot of negative reviews recently and that has made To u Loan not to be genuine. That is why you should beware of the loans app.
To U Loan review: To U Loan app is not a legitimate loan lending platform, they are not that reliable. Before you download the To U Loan app, there are some things you should look out for. To U Loan app has a lot of real negative reviews.
For example, when you request a loan on To U Loan, you will be asked to pay a service fee depending on your loan. According to them, the service fee will be paid back to you, immediately you repay your loan. But the truth is, after you pay the service fee, you will not get any loan.
To U Loan Interest rate: To U Loan has the minimum interest rate of 6% and the maximum interest rate of 30% depending on the loan term.
To U Loan minimum and maximum loan you can request: You can request the minimum of ₦2000 up to the maximum of ₦300,000, but with a good credit score, you can request up to ₦600,000.
To U Loan APK download: You can download To U Loan app here.
