FirstNell - Loan Shark Review
Interest Rate 42%
Duration 7
Access Level Public
Company Name Merit Finance Credit Corporation Limited
Phone 1
Phone 2
Website or Store https://www.firstnell.co
Address unknown
Category Dangerous Loan
Company Email alaxtechockterm1024@gmail.om
Views 798

FirstNell

FirstNell is an online loan app in Nigeria that aims to provide instant loans to individuals who are in need of financial assistance. With our mission to make financing more accessible, we offer an easy-to-use platform that allows users to apply for loans anytime and anywhere. Our goal is to become the go-to online loan app for Nigerians who need fast and reliable financial support.

Loan Product:

We offer personal loans ranging from ₦ 3,000 to ₦ 50,000 with a loan term of a minimum of 92 days and a maximum of 365 days. The interest rate varies from a minimum of 16% to a maximum of 35% APR (Annual Percentage Rate). We believe in transparency and do not charge any other extra fees. We offer flexible repayment schedules that are tailored to our customers' needs and budgets.

Highlights:

We take pride in our 100% online process, making it easier for our customers to apply and receive their loan in just a few clicks. Our interest rates are affordable, making us the best option for individuals who need immediate financial support. We offer a flexible repayment schedule that is tailored to the customer's budget, which allows them to repay their loan without any hassle. We do not have any hidden charges, which makes us a reliable and trusted loan app for our customers.

Loan Applicant Eligibility:

To apply for a loan through FirstNell, you must be a Nigerian resident between the ages of 20 to 60 years old, and you must have a BVN (Bank Verification Number).

Steps to Get the Loan:

To get started with FirstNell, you must first install our app, register for an account, and submit your loan application. Once approved, you will receive your loan amount directly in your bank account. Repay your loan on time, and you will receive a credit limit growth, which will make it easier for you to apply for more loans in the future.

Our Vision:

Our vision is to become the leading online loan app in Nigeria, providing fast and reliable financial support to individuals who are in need.

Our Core Values:

At FirstNell, we value excellent customer service, cooperative partners, ease of use, and security. We take pride in our customer service, and our team is always available to assist our customers with any inquiries they may have. We believe in the power of cooperation and partnerships, which is why we work with the best financial partners to provide the best services to our customers. We prioritize ease of use, which is why our app is easy to navigate and user-friendly. We believe that security is paramount, which is why we prioritize the security of our customer's information and transactions.

About Us:

FirstNell is a subsidiary of Nell Financial Services Ltd, a financial services company that has been operating in Nigeria for over 5 years. Our team is made up of experienced professionals who are dedicated to providing the best services to our customers. We believe in innovation and continuously strive to improve our services and platform.

Contact Us:

If you have any inquiries or questions about our services, feel free to contact us through our customer service channels. We are committed to providing the best services to our customers, and your feedback is valuable to us.

In conclusion, FirstNell is a safe and reliable online loan app that provides immediate financial support to individuals who need it. With our easy-to-use platform, flexible repayment schedules, affordable interest rates, and excellent customer service, we are confident that we can provide the best services to our customers. Download our app today and experience the ease and convenience of getting a loan with FirstNell


Step by step guide to break free from loan apps


Expert Counsel

Typically, FirstNell offers repayment plans spanning from 6 to 14 days, which often prove challenging to fulfill. Their overdue interest rates range between 2% to 7% per day, potentially leading to further accumulation of debt.

 

It's important to note that once FirstNell defames you, it's not advisable to repay them. Their primary goal is to extract money through defamation tactics. Since they operate as unlicensed loan apps, their sole recourse is to tarnish your reputation.

 

Borrowing from another loan app to repay FirstNell is not a viable solution and may lead to bankruptcy. They operate under various names on mobile app stores, complicating efforts to escape their debt cycle.

 

To manage their communication, consider installing Truecaller on your mobile phone to identify and block their calls. Blocking them on WhatsApp and reporting their actions directly to WhatsApp and Google Play Store can also be effective measures.

 

Ultimately, the most effective solution to break free from FirstNell's grip is to cease borrowing altogether. By refraining from further loans, you can gradually eliminate the debt burden imposed by such entities. Remember, your integrity is valuable, and you can find other means to manage your financial situation without succumbing to loan sharks.




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Reviews

  • User loan Review
    FirstNell

    Not good at all. This app is not what I can recommend to someone, the interest is very high and you have to pay within a short time

    • 3/30/2023
  • User loan Review
    FirstNell

    Ohhh this loan app is a very bad loan app, don't even try to install it talkless of borrowing money from them, if you see the way they talk to customers , they are too saucy , they only borrow me 2k of which I've borrow thrice, Ive never been default before, there time is just 6days, I borrowed 2,000 they collected 700 they gave me 1,300 and I paid sum of 2014 double interest, my loan is due today it's not even 12,00 pm yet they started calling with all sought of numbers and cursing me.

    • 3/23/2023
  • User loan Review
    FirstNell

    I don't know why you're even given this God forsaken loan app a one star they don't worth half star.. they said am qualified for 7700 when I saw their loan details I quit the app and didn't accept the offer the next thing I know they forced loan on me by disbursing 5005 into my account I tried to pay the money back without even using it with another interest of 2753 apart from the deduction of 2695 they removed from the load they gave me. Altogether total interest removed was 5507 on 5000 given

    • 3/22/2023
  • User loan Review
    FirstNell

    This app is a big scam.. I applied for 14k loan to pay 22k yet I didn't recieve the money, I went to my Bank to complain, my bank said dey didn't get the inflow. I contacted the agent to complain she requested for my statement of account I sent it to her and she said she will do something about it. Now dey kept calling, and messaging me to pay for money I didn't recieve. I kept sending statement of account non stop but dey won't listen. Pls you people should stay clear this app they are 419.

    • 3/16/2023
  • User loan Review
    FirstNell

    I dont seem to understand this app,i tried paying back several times and it wont connect and their offline account is also not working yet their interest keeps running daily.

    • 3/12/2023
  • User loan Review
    FirstNell

    Please run from this app! They are terrible. After applying for my first loan, it's say I can get N6500 for 7days. At the end they sent N4225. I later noticed they added the loan amount plus the interest to arrive at the 6500. So I am to repay 6500 in 7days, i am cool with that, but every day they kept increasing the debt, while still sending annoying SMS every day. The most annoying thing is on the due date, all throughout the day they kept sending threat messages. Like who does that!??

    • 3/4/2023
  • User loan Review
    FirstNell

    This app is a scam... I was eligible for 15,000 and i accept it with interest rate of 5,250. I was expecting them to disburse 9,750, i can't believe that this scam people only credit me 5,000 and put 15,105 on my dashboard

    • 2/8/2023
  • User loan Review
    FirstNell

    They have a considerable interest rate and so far the experience is been way beyond my expectations. I'm satisfied with firstnell when it comes to personal loans.

    • 2/6/2023
  • User loan Review
    FirstNell

    This app is not good at all... They lack communication skills to customers.. I was supposed to pay back today and was kinda busy with personal matter since morning.. Only for them to call me and start saying all sorts of nonsense and they're running curses on themselves in my name useless bunch of people

    • 2/3/2023
  • User loan Review
    FirstNell

    Very useless app for the past how many months I've been collecting 11000 with Intrest of 6119 am not a fool if una won use us build sky scraper make una let us know useless things

    • 1/29/2023
  • User loan Review
    FirstNell

    Please no matter how you need money, avoid this app. I was suppose to pay 8706, but instead the debited me 12000. Till now customer service are not picking my calls. This guys are scam!

    • 1/26/2023
  • User loan Review
    FirstNell

    I download the app and filled the form and they me to take loan and the loan is too small for me so I for get about the app later they send message to they have updated the amount of the loan, the next message to me my is due loan that I don't take. Please people should be careful of what they do people should run 🏃‍♂️ away from this application

    • 1/14/2023
  • User loan Review
    FirstNell

    Very useless and stupid app, i apply for my first loan after they say am eligible, but you declined the loan. Aftwr getting all my information. I have never seen a useless app like this

    • 1/14/2023
  • User loan Review
    FirstNell

    This app is something else I apply for #4000 but am getting #2600 and the bad part is that their number and email doesn't work which means it's doesn't exist at all this is a scarm

    • 1/13/2023
  • User loan Review
    FirstNell

    I don't think this app is suppose to be here cos I applied for the loan they didn't even send the money to my account only to see them counting down the repayment without me receiving any money from them

    • 1/12/2023
  • User loan Review
    FirstNell

    My experience with this app was horrible, I will not recommend this loan app even to my enemies. They lacked communication skills and their agents will curse you for no just cause.everything about this app is just dubious.

    • 1/11/2023
  • User loan Review
    FirstNell

    Have been trying to pay back their loan for close to 3 days now yet there is no head way and they kept adding extra charges for late payment...

    • 1/9/2023
  • User loan Review
    FirstNell

    I never requested loan from this people ooo, I downloaded it and filled in my information only me to see 12000 on dash board and see 7800 on the details to be disturbed fast I uninstal them , after few mints I received an alert of 7800 tried to call them their no on the app is fake , have mailed them and sent them back their 7800. NONSENSE !!! BEWARE OOOO SCAMMER.

    • 1/8/2023
  • User loan Review
    FirstNell

    Guys beware of this fraudulent app,Google should delete it from playstore.I downloaded this app from playstore and I filled my information on it, after that they said I was eligible for #7,800 loan, I didn't accept the offer and therefore Uninstalled the app from my phone. After 20minute, someone contacted me on my whatsapp line & said I should take the loan, I told the person I didn't need a loan of that amount. Surprisingly they have to send the money to my acc. I was forced to pay interest.

    • 1/7/2023
  • User loan Review
    FirstNell

    Run.. Run...Run.. as fast as you can from this app. They are fraudulent and use deceit to entice customers. They also charge very high interest rate and quick repayment time. The customer service is the worst and are very unprofessional. I will not advice my enemy to use this app.

    • 1/3/2023
  • User loan Review
    FirstNell

    app says too many applicants! Since the pass 6 months. I don't advice anyone to download this app they have Notting to show. Or loan to give out. Just using our information. Playstore have need to delete this stupid app ! I give 0 star

    • 1/2/2023

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