Digital lending scam: How FastNaira is defrauding and blackmailing Nigerians

Digital lending scam: How FastNaira is defrauding and blackmailing Nigerians

Google Play store in recent months has had a lot to do to rid its platform off fraudulent quick loan applications due to the constant expository articles of Nigeria’s no 1 digital lending app and platforms review blog – QUICK LOAN ARENA.

A very cony app Google Play has to deal with now is FastNaira. FastNaira has a track record of charging extremely high interest rates, very short repayment duration, illegally invading customers privacy, threatening innocent contacts of borrowers, issuing threats to customers alike, etc.

An example of FastNaira’s fraudulent practice is shown below when it claims #10,000 is the approved loan and what it sends is #6,900 and the customer expected to pay back #10,080 in the space of 7 days.

FastNaira is also popular for its untrained staffs who are usually abusive and untrained. One typical of them is one Anifowose Kehinde who several people have reported to QUICK LOAN ARENA to be very uncouth, saucy, unintelligent and overbearing due to her insolent behavior towards borrowers.

Customers of FastNaira have taken to Google Play Store to vent their anger against this mobile loan app some of which are shown below:

This is a call to Google and other regulatory authorities to take action against this app that has no respect for regulatory bodies and customers alike, to serve as a warning to others.

Unauthorized use, copying and/or duplication of this content material without prior express and written permission to the publisher/owner is strictly prohibited and infringements shall be subjected to relevant copyright laws.

BECOME QUICK LOAN ARENA BUSINESS PARTNER BY DONATING TO OUR CAUSE

Original content creation costs a lot of money and time. You can support our objective and social intervention by donating to this cause with this link>>>>>Register to become our business partner and donate to our CSR cause. Among other things, this will make sure we continue in this cause and additionally entitle you to enjoy free advisory and consultancy services with our financial consortium.

Disclaimer: Quick Loan Arena is not a loan agency and we do not give out loan to anybody. We however profile and review legitimate and reputable loan agencies and seeks to educate individuals, household and small businesses about loan opportunities and fight for the cause of Nigerian consumers who are daily being oppressed by loan sharks. Our intervention is to help prospective and subsisting loan customers make informed lending decisions.

You can speak with any of our Loan Consultants for more information! Call or Whatsapp +234 (0) 915 382 1578.

Do remember to give us a feedback about your loan experience after the lending process is executed.

READ ALSO! Data Breach: Lagos Journalist blows hot, threatens to sue 9Credit for defamation

READ ALSO! Top 20 Loan Apps In Nigeria For Instant Cash!

READ ALSO! FG Launches Portal For Sale Of Homes Under National Housing Scheme (HOW TO APPLY)

READ ALSO! For customers’ data breach, defamation: 9Credit app should be blacklisted

READ ALSO! CBN unveils business loans at 5% (N5m individuals, N25m corporate) for graduates, undergraduates

READ ALSO! Quick online loan scams: Top 7 ways to avoid falling victim

READ ALSO! Data Breach: EFCC, CBN, NITDA, FCCPC To Crack Down On Rogue Loan Apps

READ ALSO! CBN ‘100 Companies Every 100 Days’ Loan Fixed At Maximum N5bn At 5%

READ ALSO! Google removes LCredit, Rapid Naira, other predatory loan apps from its Play Store

READ ALSO! How To Apply For CBN ‘100 Companies Every 100 Days’ Project Funding

READ ALSO! Running from banks, Nigerians face crisis with quick loan sharks On Google Play

READ ALSO! EasyMoni: Stop sending threats to customers’ contact list: Do your homework if you’re real!

READ ALSO! Accounting software expert, Femi Adeoya, takes on small and medium scale businesses

READ ALSO! You have a job offer or you are an applicant looking for job, click here or whatsapp 0803 239 3958 to reach us

READ ALSO! How I Was Lured Into Debt Trap With N2.5m Specta Quick Loan From Sterling Bank

READ ALSO! BBNaija Dorathy Launches Lingerie Line, Says Priority Is Making Busty Women Look Good

Please follow and like us:

You May Also Like

About the Author: Tobiloba Gideon

Leave a Reply

Your email address will not be published.