Illegal Clauses in Loan Apps: Know Your Rights

Everything is illegal in Nigeria until I launch my app na me dem go first catch🤣😂

Make I come go bomb 🤪

Ilegal interest, ilegal clauses. Why does the govt still allow licensed loan-sharks like OPay, Fairmoney, Paylater/Carbon and the likes to run with illegalities & impunity? Intr rate as high as 18 to 30% monthly, rollover daily interest, harassment through unsolicited calls, etc

The sweeter the juice the bigger the gbese ... Abeg NAU 🤣😂

Your right starts with avoiding loans

God bless you Timi. These Nigerian loan apps are very fraudulent

Day 6 of 100: showing up under your post and learning

Those people are very brûütãl... Like how can you BORROW SOMEONE 50K and add interest of almost 30K within 14 days??? Like how

If the lender is legit, they’d most likely make the borrower sign GSI consent, so that when they default the lender through NIBBS can debit any account where their BVN is linked in any other financial institution. You don’t need all these harassments.

Can they stop you from travelling out of the country?

And na these loan apps go Dey call you everyday , to borrow loan 😓

Na that interest rate cbn need to look into

The sweeter the juice the bigger the gbese😂🤣🤣 Tnks for this info boss

I need to sue plenty loan company oo

Thanks for educating and decolonizing our minds, keep it up sir.

Okay rights of borrowers are understood, let's know the rights of lenders please. 👍

Konibaje 😂😂 Opay and palm pay sope purrrr 😂

This easemoney people will spoil business for Opay if care is not taken.

One offered me 45 thousand naira loan i saw the expected pay to be 56k in one month i said no problem, i said in case i defaults let me take the same amount for 3months, after granted i saw to pay back 86k

Ah ah… the law,,,, you have upgraded membership at and the new haircut is smooth… Did you upgrade your cameras too?….you’re doing well…

But what? 😁😁 Where person wey borrow 20k wan see money to hire lawyer sef

Na cash out be this mk I go write their list down begin slam them lawsuit 🤝😅

This is educative Anyways just avoid those loan app devils They are wizards

Wetin be that BUT yen gangan 🤣🤣🤣

With this palmpay gat nothing on me😞😞

Most people need to borrow money fast. No time to consider all these. Mk una fix this country. Poverty too much.

PalmPay do Message contact

FairMoney wrote that I should give them permission to remove money directly from my bank account…I wan like as how naw 😂

Thank you for this information 🙏.

Palmpay and opay come here

The sweeter the juice, the bigger the gbese😂😂

Omo this guy dey fresh oo

It is when you understand offer letter and agreement that you signed only then you should speak and charge loan company to court . As headache dey na so body pain dey . 😎✌🏼🕊

@Easemoni_NG @palmpay_ng @OPay_NG @Renmoney Attention everybody