Swift loan: Scam digital lending app, collects N365 without loan disbursement

Swift loan: Scam digital lending app, collects N365 without loan disbursement

Swift loan, that claims to be a digital lending app and hosted on Google Play Store is a scam, please dont download or do any transaction with them.

Their claim of “Easy Approval and Quick disbursement of loans” is false and fraudulent. The app deducts a security fees of N365 from your card and puts your loan approval/disbursement to pending until etrnity.

All it does is to accumulate N365 from unsuspecting borrowers. Google Play Store should blacklist and ban this app from its network.

All the customers that applied for their loan claim the registration is fast and seamless, but that is where it all end, you register easily and get deduction of N365 easily but loa disbursement never happens, beware!

Swift loan claims the following:.

1.Loan amount from ₦5,000 to ₦200,000
2.Repayment from 91days to 365days
3.Interest rate with a minimum of 0.1% to 1%
4.Easy to get safe loan without mortgage

The above claim is false. None of those customers who registered and applied for its loan got disbursement.

Swift loan gives its contact as below
Swift Loan gives you loan without any stress or complication,we’re always excited to hear from you!
• We are available 24/7 to assist you with your request
• Service Email: swiftloancc@gmail.com
• Our Office Address: 11B Fadumila street opp Total gas station Ikeja, Lagos state.


Dame Chinyere
4 January 2022
The registration is very easy but i don’t know what is wrong with this swift loan app since request for loan tilll now the loan is writing pending. Make the loan approval to be very fast it will attract more borrowers. Up tiil now still pending you people are criminals u have deducted 365 in account and refuse

prince Isioye
4 January 2022
I just hope people are not lying about this app recommendation. It actibated fee for collecting loan and bring the app back to the same process of deduction without moving forward. Still waiting

Caronila Harbert
2 December 2021
Swift loan a nice App.. The registration is very easy although I haven’t got my loan but with the way they attend I believe I will get it soon and come back again to let people no how best they are. Thank you.

oluwatosin igbeayo
20 November 2021
Worth a good app I got my loan after a very nice and easy registeration everything was so good for me I never was expecting it though but luckily for I got the loan and also the pay back distance is so very long that’s what makes my mind be at ease…..I love the app so much .

Ogbetuo Oghenegare
20 December 2021
Swift loan is nice using this app, the process is fast and easy…but loan application is still under review, hope I get it soon.

Popoola Dorcas
3 December 2021
Registration is very fast and easy, interest rate really low and long duration in payment. Still waiting for my loan disbursement though. I will give it a five star when loan is being disbursed

ojeah patrick
18 November 2021
For now, Registration is near perfect with Swift loan. Disbursment after payment of mandatory #350 naira is problematic. I suggest this problem of wanting repeated and wanting duplication of same charges should be solved urgently pls.

Ekomaye Rawllips
30 December 2021
Nice app i think is one of the best apps i’ve come across.. Am impressed with quick response and effectiveness, also efficient keep up the good work thanks swift loan and God bless

Okafor Gift
19 November 2021
Very good app, fast registration and so on……. My loan has been approved but no disbursement yet, so am gonna rate the remaining stars if the money is being disbursed into my account

Happiness Okon
29 November 2021
Registration is nice but i have 1 problem with it…after been asked if im okay with the deduction350 as is normal..i said yes and after yes…nothing was shown…i just hope my loan is approved so i can rate 5 star

abulu kings
23 December 2021
This is the best loan app ever, it’s very easy to process , and a good low interest rate

Victor Ejikeme
18 December 2021
The app is awesome, the payment plan and the interest is comfortable but I’m rating it 4 star cos the disbursement is quiet slow.

Ola Egbeyemi
28 December 2021
Good one! Although loan yet to be disbursed, but the process is very smooth. Keep improving guys!

Sanda Tanimu
7 December 2021
A very nice app, I will rate 3 star for until my loan is approved, will rate 5 Star. Good app really love the way you respond

tyoazer Paul
4 January 2022
I have applied for a loan since yesterday and when I checked this morning, it’s still showing; pending.

Grace Temie
15 December 2021
With all the reviews I just read this people are not going to disburst any money and they will not return the upfront money they deducted in your account which #365 . …I just paid mine too before reading all the reviews and they have debited 365 in my account..if there’s a way we can all report this app let’s do ,THEY ARE FRAUDSTERS !!! REPORT THIS THIEVES PLSSS!!!

Moyeni Yusuf
24 November 2021
Swift loan is really lived up to its name, very swift in application and the interface is very good, hope my application is approved so i can give the remaining one star.

husseini abdulganiyu
6 December 2021
It is very easy to register. After charging #350 from my account am waiting for loan to be disburse to my acct, after my loan will complete the five star 👌

femi chichi
12 December 2021
The application is simple and fast with a very long duration to pay back…is a highly recommend loan app…

Agboola Ismail
24 November 2021
The worst app so far, after successful application, 365naira was charged and that was the end. Over 24hrs now, no Disbursement.

Fatai Damilare
27 November 2021
After took my #365 they rejected my loan without even state the reaso. I think the app is scam, not transparency and reliable. How can you deducted #365 without given loan after you already give a loan offer.

Kolawole Alagangan
2 November 2021
I Love this apps. It easy, good and fast way to obtain loan and low rate of interest. Great.

Emmanuel Solomon
4 November 2021
This is a wonderful app, so fast and easy, but loan is still on pending, if they approve my offer then I will complete it 5 star

oyetunji Olatunde Abiola
29 November 2021
My experience with you, swift loan app is that easy to apply and summit . But hope that it will not be higher interest rate on the loan.

Daniel Fate
15 November 2021
Very annoying App, I was given a credit facility of 40,000 and after applying I was debited 365 naira and got a decline, tried 20,000 naira, 10,000 naira and even the less which is 5,000 were all declined, So why did you debit me 365 naira without any loan, Big thieves….😡👹

Fagbemi J.k
26 October 2021
Well the app is okay though they have deducted #365 from my account but I am yet to receive any alert but I hope they will be good to the end. So i rate you 3star for now

ndubuisi kalu
2 December 2021
A wonderful App , and very fast though am still waiting but I rate it above 5 🌟. The tram should keep up the good work

Olusola Ojo
23 October 2021
I am done with all the registration but to submit is the problem….kept returning after submission.i”ll give 5star when my loan is disburse.

20 December 2021
This app is fantastic 😊😊 easy registration patiently waiting for disbursement of the 10,000 loan I requested for

Tayo Okusanya
9 December 2021
Smooth registration, hope your disbursement will be as smooth as the registration.

Taiwo Mujidat
6 December 2021
The processing was easy and long term for the repayment the interest is not too much but haven’t gotten the loan yet waiting for the disbursement

precious ronke
17 November 2021
It’s a very good app,easy to access My loan is still pending but once the money is disbursed to my account i will rate it 5stars

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About the Author: Femi Adeoya

Mr Femi Adeoya is a Chartered Forensic Accountant and a Certified Fraud Examiner. He has over 20 years professional work experience in accounting, finance and business management processes. As an Accounting Software Expert, he has implemented and supervised accounting solution set up of over 50 small and medium businesses in Nigeria. As a passionate blogger, Mr Adeoya is an ardent writer and communicationist. He is the CEO of QUICK LOAN ARENA (quickloanarena.com), the number 1 loan apps review website in Nigeria. He is very passionate about the quick and instant loan industry in Nigeria and has written over 200 reviews on different loan apps and digital banks in Nigeria, USA, Canada and UK.

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