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  Cash9ja

  Category: Mild Loan

  Interest rate: 35%

  Cash9ja is a dynamic loan application designed to cater to the financial needs of Nigerians. Developed by Samued Tech Nigeria Limited, this platform is dedicated to providing quick and convenient cash loans, ensuring user satisfaction every step of the way.

  Company Overview

  • Full Legal Corporate Name: Samued Tech Nigeria Limited
  • Approved App by FCCPC: Cash9ja
  • Approval No.: FCCPC/DSE/INV/ML/451

  As a registered digital money lender in Nigeria, Samued Tech Nigeria Limited operates in compliance with all relevant policies and regulations. The company's commitment to adhering to regulatory standards ensures that your loan experience is both safe and reliable.

  Embrace Financial Freedom with Cash9ja

  Cash9ja is committed to fostering diversity and innovation in the financial sector. The app allows users to access the funds they need quickly, empowering them to tackle various personal and business challenges. Whether it's for bill payments, medical expenses, rent, or other urgent needs, Cash9ja provides a digital service designed to meet your requirements.

  With Cash9ja, you can enjoy a seamless application process and receive the necessary funds almost instantly. Why wait? Start your application now and experience the convenience of immediate cash access!

  Conditions for Cash9ja Loan Application

  Applying for a cash loan through Cash9ja is a straightforward process. Here’s how you can secure your loan in just a few steps:

  1. Use Your Smartphone: Ensure you have a smartphone to access the Cash9ja app.
  2. Download the App: Go to the Google Play Store, download the Cash9ja app, and install it.
  3. Fill Out the Form: Complete the application form, which should take no more than 5 minutes.
  4. Get the Loan Credit: Submit your application and await a credit decision.
  5. Approval Notification: Wait for approval regarding your online loan application.
  6. Receive Funds: Get loan amounts ranging from ₦6,000 to ₦200,000 deposited directly into your bank account.

  Advantages of Cash9ja

  • Unsecured Loans: Cash9ja offers loans without requiring collateral, making it accessible to more users.
  • No Office Visits Required: You can apply for loans from the comfort of your home without the need to visit a physical office.
  • No Hidden Fees: Enjoy transparency with no hidden charges—what you see is what you get.
  • Fast Disbursement: Experience instant disbursement within 5 minutes after approval.
  • Increasing Approval Amount: As you build your credit history with Cash9ja, you can access higher loan amounts over time.

  Start your journey toward obtaining significant financial support today, with loan amounts ranging from ₦6,000 to ₦200,000.

  Eligibility Criteria

  To qualify for a loan with Cash9ja, applicants must meet the following requirements:

  • Age: Must be a Nigerian citizen aged 18 years or older.
  • Bank Account: Applicants must have a valid bank account to receive funds.
  • Stable Income: A steady income source is necessary to demonstrate repayment capability.

  Loan Information & Examples

  • Loan Amount: ₦6,000 to ₦200,000
  • Loan Term: 90 to 360 days
  • Interest Rate: Daily interest rates range from 0.04% to 0.08%.
  • Processing Fee: 1% of the principal amount.
  • Maximum Annual Percentage Rate (APR): 33.26%.

  Example Calculation

  For a 90-day loan with a principal amount of ₦6,000 and a daily interest rate of 0.06%:

  • Total Interest Fee: ₦6,000 × 0.06% × 90 days = ₦324
  • Processing Fee: ₦6,000 × 1% = ₦60
  • Total Repayment Amount: ₦6,000 + ₦324 + ₦60 = ₦6,384
  • Repayment Per Period: ₦6,384 / 3 = ₦2,128 (if repaid in 3 periods)

  Privacy and Permissions

  At Cash9ja, your privacy is of utmost importance. We adhere to strict data protection regulations and ensure that your personal information is securely stored. We will never share your data with third parties without your explicit consent. For more details, please refer to our Privacy Policy.

  Customer Support

  We are always here to assist you! If you have any questions, concerns, or feedback, please do not hesitate to reach out to us:

  • Email: service@samuedltd.com
  • Website: Cash9ja Official Website
  • Working Hours: 9:00 AM - 6:00 PM (Monday to Saturday)
  • Address: 115, Mado Street, Tudun Wada, Plateau State, Nigeria

  With Cash9ja, you're not just getting a loan; you're gaining a reliable financial partner ready to support your journey towards financial stability. Start applying today and unlock your potential!

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  SmartNaira

  Category: Dangerous Loan

  Interest rate: 45%

  While loan apps may appear to provide a quick fix for financial issues, they often carry considerable risks. Here are ten essential tips to consider when using these online lending platforms:

  1. Expect Intense Communication for Late Payments
     Even a single day of delay in your repayment could result in aggressive messages, particularly on messaging apps like WhatsApp. If you encounter such harassment, don’t hesitate to block the sender for your own peace of mind.
  2. Refrain from Borrowing from Multiple Sources
     Turning to other loan apps to cover existing debts can ensnare you in a vicious borrowing cycle. This strategy typically exacerbates your financial difficulties rather than alleviating them.
  3. Be Cautious of High Penalty Interest Rates
     Late payments can trigger daily interest penalties ranging from 5% to 7%. These rates can rapidly inflate your debt, making it even harder to repay.
  4. Download Apps Only from Reputable Sources
     Always download loan apps from reliable platforms like the Google Play Store. Obtaining apps from unofficial sources can jeopardize your personal information and expose you to fraud or harassment.
  5. Consider Alternatives to Loan Apps
     Many loan apps are designed to entrap users in cycles of debt, often jeopardizing their financial well-being and privacy. It might be wiser to seek out safer, more reliable financial alternatives.
  6. Be Mindful of Short Repayment Terms
     Some loan apps may impose repayment periods as brief as 6 to 14 days, complicating timely payments and increasing your risk of falling into further debt.
  7. Safeguard Your Personal Reputation
     In certain instances, loan apps may contact your friends or family to publicly shame you. While the damage can be disheartening, avoiding the loan is a more prudent choice than succumbing to pressure.
  8. Cease Borrowing to Regain Control
     To break free from predatory lenders, stopping further borrowing is crucial. Though it may be a challenging step, it’s essential for regaining control of your financial situation.
  9. Utilize Call Management Applications like Truecaller
     Truecaller can effectively block unwanted calls from loan apps, helping to alleviate stress and minimize harassment from lenders.
  10. Report and Block Threatening Messages
      If you receive menacing messages, especially through platforms like WhatsApp, take prompt action by blocking the sender and reporting them to WhatsApp and the Google Play Store. This helps safeguard others from similar harassment.
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  Swiftnaira loan

  Category: Dangerous Loan

  Interest rate: 35%

  We will review the apps within the next 48 hours and provide detailed information and also do our background checks

  10 Commandments for Dealing with Loan Sharks

  
  

  1. Ignore Harassing Messages: If loan sharks have already contacted your friends or family, don't worry. You don't owe them anything more. Move forward and focus on your life.

  
  

  2. Unlicensed Apps Are Helpless: Loan apps resorting to defamation aren't legitimate. They can't legally harm you. Their only tool is to shame you.

  
  

  3 Your Contacts Can't Save You: Most of your contacts won't be able to assist you, and they're likely aware of the shady tactics loan sharks use.

  
  

  4 Beware of Short-Term Loans: Loans with short durations and high interest rates often lead to threats and defamation. Avoid loan sharks. If you must borrow, choose licensed lenders.

  
  

  5 Debt Leads to Bankruptcy: Borrowing from these apps can wreck your finances and push you towards bankruptcy. The best solution is to stop borrowing altogether.

  
  

  6 Avoid Overdue Interest: If you've already paid back the principal and initial interest, ignore any demands for overdue interest.

  
  

  7 Don't Cycle Debts: Taking a loan to pay off another leads to a cycle of debt. Loan sharks have multiple apps, and you'll end up deeper in trouble

  
  

  8 Use Truecaller to Block: Install Truecaller on your phone to identify loan shark calls and block them. Also, report them on WhatsApp and Google Play Store.

  
  

  9 Break Free from Loan Sharks: The only way to escape loan sharks is to stop borrowing from them. You survived before they came into your life. Don't let them tarnish your reputation.

  
  

  10 Stay strong, and prioritize your financial well-being: Remember, health is wealth. Do not allow loan sharks to jeopardize your future!.

What you should know

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  Any loan sharks that defame are never linked to the credit bureau in anyway and all they say to you are lies.

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  Loan shark money cannot help solve anybody matter to better 40% - 70% in 7 days, they are simply misery compounders!! Do away with them.

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  Loan Apps major aim is to make outrageous profit from people and render people bankrupt. Dont be a victim