QUICK LOAN ARENA wrote a first time review about Naira Hub lending app yesterday in order to get a feedback from customers and borrowers who have patronized the loan platform. We wrote that if you are a borrower in Nigeria who needs between N20k to N300k instant loan, you may download Naira Hub app and access your quick loan.
The lending app makes the following claim:
Loan Amount: ₦20,000 ~ ₦300,000
Loan Term: the shortest is 91 days, the longest is 365 days
Loan interest: It depends on the customer’s risk profile and loan period. The interest rate is from 12% to 25% per annum.
Service charge: 0%.
Feeback we got from borrowers and customers of Naira Hub shows clearly the all the above claims by the lending app are false and fraudulent.
1. Loan Amount: ₦20,000 ~ ₦300,000
Their loan amount is never what they clai as above. They hardly give you more than N5,000 may be sometimes N10,000.
2. Loan Term: the shortest is 91 days, the longest is 365 days
This is another fraudulent claim by Naira Hub. They give loan for 7 days tenure from the evidence of those borrowers who have patronised them.
3. Loan interest: It depends on the customer’s risk profile and loan period. The interest rate is from 12% to 25% per annum.
Lies. fraud and scam. Run fast. Naira Hub may show you a 0interest rate but charges service charge of about 50% of loan amount.
4. Service charge: 0%. This is a scam. It has a service charge of almost 50% on its loans.
5. The reviews of Naira Hub on Google Play are mostly by hired foreign writers who write good reviews for a fee. Those by genine Nigerian borrowers show he lending app is a scam and makes false claim.
6. Also Naira Hub is from the same family of Sokoloan the rogue and fraudulent lending app that has been terrorizing Nigerians, and blackmailing borrowers if your loan ever falls due by a day.
1 Comment
Naira hub is a fraud