Quick online loan apps to avoid: ForNaira isn’t for Naira, It’s for scam

Quick online loan apps to avoid: ForNaira isn’t ForNaira, It’s for scam

ForNaira is the worst quick online loan app…just 1 day overdue and their agent sent a message to all my contacts that is was over 2 months and that I have refused to pick calls or reply to messages. Meanwhile the lady in question sent me message as at 5:45am and I replied that I will pay by 4pm, by 9am, she started sending messages to my contacts…for what she has done I will not pay a dime again. You can’t defame me and still want me to pay you after all I was still going to pay for the overdue. I have evidence.

Albert Thelma
September 7, 2021

Quick loan applications that are displaying their wares for Nigerians are presently uncountable and the result of this is the different fraudulent practices exhibited by majority of these apps. Some are not even in the space to provide loans at all, all they do is steal from the people and such apps have often been exposed in a few of our articles on this platform. Examples of such fraudulent apps include Rapid Naira and Cash Club, etc.

As earlier mentioned, majority of the apps in the quick online loan space are doing the business but at the same time exploiting the people. Some of the them have unethical practices that’s goes against the financial rules of Google Play Store where they are hosted, refusing to abide by CBN and other regulators laid down rules. One of such is ForNaira quick loan app hosted on Google Play Store.

FORNAIRA

What ForNaira app displays on Google Play Store as its features:

– Borrow up to ₦300,000
– Fast and easy access to loans, with no hidden charges
– Account is credited as soon as the loan is approved
– No collateral or guarantor needed
– our Loan App is extremely secure and reliable
– Artificial intelligence is used to run credit scoring, making loan decisions instant!
– We are available 24/7 to support you

Contrary to what is on Google Playstore, ForNaira app does the following:

  1. Give loans for 7 days as against the 91 to 360 days displayed in Google Play store
  2. Does not give loan up to #300,000
  3. Does not declare its real charges in the sense that, they display amount of loan to be given and what they give actually is far lesser.
  4. Yes they do not collect collateral but they ask for guarantors.
  5. Like others, 7 days loan starts counting the moment you receive money in your account and what you see on your dashboard immediately is 6 days remaining. Its never 7 days
  6. Failure to pay back as at when due will have their staffs harass you, threaten you and send messages to people on your contact list that you should not be trusted and be told to pay back your debt.

These are just some of the unethical practices of ForNaira app which has so far been noticed on its platform.

QUICK LOAN ARENA understands it is unethical to borrow and not repay as at when due but if guarantors are submitted before loan is granted, (which is not even supposed to be requested anyway), why not reach them first formally after default before sending disgraceful messages about the borrower to everyone on the borrower’s contact list? That’s even more unethical on the part of the quick loan app.

Customers and quick loan seekers should take heed and beware of online loan apps like ForNaira that promises heaven on earth but delivers little or no value and exhorts through unethical practices.

FEW REVIEWS OF FORNAIRA ON GOOGLE PLAY STORE

sybilogwuadi ibuakah
September 8, 2021
I am not impressed at all.I paid one day before the time of repayment.I did not want another loan because interest rate is too high.When I wanted to pay,their “repay only” option was not working only”repay and reapply” and they disbursed me another loan I didn’t want and didn’t ask for.You cannot compel me to take a loan I don’t want.Deduct your loan and I know my available balance before it and taken screenshots of mails to customer service.I will not pay for that loan.RESOLVE IT!!

Albert Thelma
September 7, 2021
This is the worst loan app…just 1day overdue and their agent sent a message to all my contact that is was over 2months and that I have refused to pick calls or reply to messages meanwhile the lady in question sent me message as at 5:45am and I replied that I will pay by 4pm, by 9am she started sending messages to my contacts…for what she has done I will not pay a dime again. You can’t defame me and still want me to pay you after all I was still going to pay for the overdue. I have evidence

ajagbe oluwaseseyi
July 26, 2021
This app is untruthful, because I only fill the form and not request for a loan now they disburse the money into my account. But that is not the problem, the problem there is that they tell me my loan is #7,500 and repayment will be #7,490 , and they disburse #4,875 into my account . I don’t know the reason why.

Sunday Odey
September 29, 2021
If they is anything lower than one star it will be better they have bunch of unprofessional staff they don’t even know how to address customers putting call across disturbing you when to payback barely two days to your loan secondly they disbursed loan without proper breakdown of the offer upon completion of your registration on the platform the next thing they disbursed loan without allowing the customer to checkmate and access the breakdown if they are comfortable with the offer or not

kelvin peace
September 24, 2021
See me see problem…i have not even apply for a loan yet i was about to bind my card but i said before i bind my card let me first view people’s comment here on playstore to enable me understand more on this app…i am still reading people’s comment when i received an alert… You credit me #4875 and repay #7749 Oga abeg i nor want your money o,you better take it back o…i did not request and i will not pay Abeg send me you account number,I’ll send your money back

Akintony Akinshoto
September 24, 2021
Very unfriendedly app and loan company… operating over 5 loan app..very inconsderate pple….this is d only app dat inspite of their bogus interest rate,wen u repay even b4 due date,u r never guaranteed of getting another loan…very odd app

BECOME QUICK LOAN ARENA BUSINESS PARTNER

Register to become our business partner and enjoy our free advisory and consultancy services on getting a quick loan from our list of accredited lending partners and also guide on the process of loan application.

Disclaimer: Quick Loan Arena is not a loan agency and we do not give out loan to anybody. We however provide quick loan brokerage services and seeks to educate individuals and small businesses about instant loan opportunities to help them make informed decisions.

Speak with any of our Quick Loan Consultants for more information! Call or Whatsapp +234 (0)803 385 7245.

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

READ ALSO! Money In Minutes: Instant Online Quick Loans In Nigeria Without Documents

READ ALSO! Migo: Quick Online Loans In Nigeria Without Collateral Or Guarantor

READ ALSO! Quick Online Loans In Nigeria: 20 Platforms Needing No Collateral – Series 1

READ ALSO! Quick Online Loans In Nigeria Without Collateral: 20 Top Platforms – Series 2

READ ALSO! Quick Loan In Nigeria Without Collateral: Consider Page Financials

READ ALSO! C24 Capital: Credible And Quick Loan Up To N1m But Lots Of Paperwork

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! EasyMoni: Stop Sending Threats To Customers’ Contact List: Do Your Homework If You’re Real!

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

READ ALSO! How To Empower Yourself And Generate Income From Mutual Funds

 

Please follow and like us:

You May Also Like

About the Author: Tobiloba Gideon

14,863 Comments

  1. Good Job sir, to tarnish one’s image is not the remedy of recovering one day owning loan. let’s keep spreading the awareness. God bless you sir

  2. Same thing Happen to me. I intend to pay the money but what am expecting failed. I sent recieved money into my account,they withdrewed it. Since then,have not seeing koko,they begin to threaten that they call my contact and forward msg to all my list. I was shocked when I borrowed 15k and last add up charges and said my repayment is 29k plus… I was like how and why?

  3. 907872 40125It is perfect time to make some plans for the future and it is time to be pleased. Ive read this post and if I could I wish to suggest you some fascinating things or suggestions. Perhaps you could write next articles referring to this write-up. I want to read even far more issues about it! 686514

Leave a Reply

Your email address will not be published.