FlashLoan

FlashLoan  - Loan Shark Review
Interest Rate 30%
Duration From 7 Days
Access Level Public
Company Name FlashLoan
Phone 1
Phone 2
Website or Store
Address
Category Mild Loan
Company Email
Views 2,288

FAQ

Can I still pay them if they defame me?

Once a loan app has defamed you — by sharing your information, contacting your friends, or posting false claims — they have violated your privacy and broken the law. At that point, the agreement between you and them is already compromised.

You should report them to the FCCPC, CBN, and NDIC or any agencies in your country instead of paying. Paying them after such illegal behavior only encourages their abuse and gives them more power to exploit others.

Can loan apps post my pictures on social media?

You should not worry about loan apps threatening to post your picture on social media. If you check their accounts, you’ll notice most of them have fewer than 100 followers. This means they are mainly circulating your picture among themselves just to instill fear in you. Never pay a dime if any loan app posts your picture online; they are actually the ones owing you, not the other way around. Instead, report the account to the appropriate social media platform, and it will likely be closed down.

Can they auto-debit my account?

If you linked (bound) your ATM card during registration with a loan app, they can automatically debit your account. To prevent this, you should go to your bank, block the card, and request a new one.

For fully licensed Microfinance Banks that may use the Global Standing Instruction (GSI) or place a lien on your account, the safest option is to move your money to another bank account that has never been registered with loan apps. This will stop them from debiting your funds.

Can they come to my house or office to arrest me?

99% of loan apps cannot come to your house or office because most of them operate illegally and have no legal right to pursue you physically. Only fully licensed and approved Microfinance Banks with a registered office address and reputation as a legitimate financial institution can pay you a friendly visit, but never to arrest you.

Borrowing is a civil matter, not a criminal case. That means you cannot be arrested simply because you owe money. If any licensed microfinance bank tries to harass or threaten you, please contact us immediately—we will take the right steps to deal with them.

As for loan apps, they cannot legally come to your house or office to arrest you.

Can this loan app defame me?

Yes and No, a loan app can defame you, but it usually depends on where you downloaded the app from and what permissions you gave it.

  1. If you downloaded the app outside the Play Store or App Store (for example, from a direct link or third-party site), it’s very likely the app will misuse your information. Many of those apps are not properly regulated.
  2. How they access your contacts:
  • Loan apps need Contact permission to copy your phone contacts.
  • They also sometimes request Call log permission, which allows them to see your dialed, received, and missed calls—but not your full contact list.
  1. If you used the app before 2023:
  • Before 2023, many loan apps could freely access contacts because the rules were not strict.
  • From 2023 onward, Google Play Store and Apple App Store introduced policies that restrict apps from accessing contacts and call logs unless it’s absolutely necessary.



Can this Loan App Hack my Account

An app itself can’t magically “hack” your bank account, but a malicious loan app can steal your data or enable attacks that give criminals access — so treat them as potentially dangerous. Never download apps outside Play Store or App Store

Can you categorize this Loan Apps as a good loan apps?

Any loan app that charges above 7% per month and does not allow repayment to be spread across 3 to 6 months is a criminal organization. Stay away from them—they will ruin you financially

Do I need to Generate Disclaimer for this Loan App

You only need to generate a disclaimer if the loan apps have access to your contacts or if they are not licensed. To know whether a loan app is likely to defame you, check the permissions it has on your device. If it has access to your contacts or call logs, and it is not a licensed or approved agency such as the Central Bank, then you need to send a disclaimer.

Do you suggest I fight back against this loan app if they send abusive messages?

Yes — fight back. They prey on fear; pressure and exposure make predatory loan apps back down. Upload all their messages and evidence to our platform immediately — we are working to sue them. They’ll often flee once they’re documented and reported.

Explain How Credit Bureau Works


How a malicious loan app can compromise your details

Phishing / social engineering: tricking you into giving OTPs, passwords, or BVN details.

Permission abuse: access to SMS, contacts, call logs, or accessibility services can let an app read OTPs or intercept communications.

Fake login pages/overlay attacks: an app may show a fraudulent screen that captures your bank credentials.

Malware/keyloggers: Some apps can record taps or keystrokes if they get high-level permissions.

Linking to compromised websites: clicking links can download malware or steal details.

Never share OTPs, BVN, or passwords with anyone.

Don’t grant Accessibility or SMS-read permissions to untrusted apps.

Install apps only from official stores and check reviews/permissions.

How do I get rid of their daily messages and calls?

To stop their frequent calls, you can install Truecaller, upgrade to Premium, and use the Block Spam Calls feature. This will automatically filter out most unwanted numbers. (Check the video below for step-by-step details.)

For WhatsApp calls and messages, fight back smartly: never listen to their voice notes or read their messages. Instead, use the response strategy in the link below to reply safely. When you push back confidently, scammers usually give up and flee.


https://loansharkreview.com/MessageTemplate



I received several emails from loan apps claiming to be from the court and other agencies. What should I do?

Most of the emails you receive from loan apps are fake and meant to scare you. What you should do is verify the authenticity of the message — check if it is truly coming from a genuine government or legal agency. If the email is not from an official source, simply ignore it or reply that they are impersonating an authority and that their account has been reported to the appropriate body.

No loan app can sue you in court because most of them operate in clear violation of existing financial and data protection laws. And if any of them attempts such action, our legal team is fully prepared to represent you. In the past seven years, not a single loan app has successfully taken any borrower to court.

They sent a message to me that they will block my BVN. Is it possible?

Loan apps do not have the authority or technical access to block your BVN. Only the Central Bank of Nigeria (CBN) or your bank can restrict or blacklist a BVN, and that only happens in cases involving serious fraud or court orders.

Any loan app threatening to block your BVN is simply trying to intimidate you. It’s a scare tactic, not a legitimate action

Will this loan apps report me to the Credit Bureau?

In most cases, 90% of loan apps cannot report you to the Credit Bureau. This is because many of them are not licensed financial institutions or they charge exorbitant interest rates that violate government policies.

However, fully licensed and approved microfinance banks can report you to the Credit Bureau. Even when they do, they usually report only the actual amount you borrowed and the original agreed interest — not the inflated charges or penalties. If you notice incorrect information in your credit report, you have the right to contest it with the Credit Bureau and request correction.

About FlashLoan

In today’s fast-paced world, securing a loan quickly and efficiently is more important than ever. FlashLoan is an online personal loan application designed specifically for the residents of Zambia. It offers a straightforward and flexible solution for those in need of immediate financial assistance. With the ability to apply for loans up to K20,000 at any time and from anywhere, FlashLoan provides a seamless experience without the need for collateral.

Customer Safety and Loan Disbursement

At FlashLoan, the safety of our customers is of utmost importance. The loan granted is always subject to your confirmation. FlashLoan will never disburse the loan without your explicit consent. To ensure secure and reliable repayment, loans can only be repaid through the FlashLoan APP or via USSD code 885710#. Payments made to personal accounts will not be recognized, and FlashLoan will not hold responsibility for such transactions.

Handling Abusive Behavior

If you, as a FlashLoan user, encounter abusive language, threats to your privacy or safety from any staff member, you are encouraged to keep evidence and file a complaint. FlashLoan has a strict policy against such actions, and they shall not be tolerated. Your financial well-being is our priority, and we are committed to maintaining a safe environment for all our customers.

Risk Awareness

Loans inherently carry risks, and it is essential to understand the potential for over-indebtedness. Borrow responsibly and only take loans that you can comfortably repay within the agreed timeframe to avoid financial difficulties. FlashLoan reserves the right of final interpretation for all the rules.

Who Can Get a Loan on FlashLoan?

To be eligible for a loan on FlashLoan, applicants must meet the following criteria:

  • Be a citizen of Zambia.
  • Be 18 years of age or older.
  • Have their own Mobile Wallet.

How to Get Loans on FlashLoan

The process of obtaining a loan from FlashLoan is simple and efficient:

  1. Download the FlashLoan App: Available on Google Play.
  2. Register with Your Phone Number: Ensure that the phone number is registered with your NRC.
  3. Fill in Required Personal Information: Complete the necessary details for verification.
  4. Approval and Disbursement: Once the review is approved, the loan will be disbursed to your Mobile Wallet.

Why Does FlashLoan Collect Personal Information?

FlashLoan collects your personal information to provide better loan services and accurately evaluate your credit history. This data is crucial for assessing your eligibility and ensuring that you receive the best possible service.

Updating Information in FlashLoan App

  • NRC Information: Once submitted, NRC information cannot be modified. Ensure that the account is registered with your own NRC and fill in the details carefully before proceeding.
  • Mobile Wallet Account Information: Similarly, once entered, Mobile Wallet Account information cannot be updated. Use the account on which you want to receive the loan.

Receiving the Loan

To receive the loan, ensure that you have a Mobile Wallet account registered with the same number as on FlashLoan. The loan amount will be sent directly to your Mobile Wallet.

Review Process

FlashLoan conducts a thorough review process to assess your credit history. This process includes an Automated Risk Assessment or a verification call from the Verification Department.

Registering with FlashLoan

It is recommended to use the same mobile number to register on the FlashLoan App as the one registered on your Mobile Wallet account.

Repaying the Loan

There are two options for repaying the loan:

  1. Through the FlashLoan App:
    • Open the FlashLoan App.
    • Tap "Mobile Account" and then "REPAY NOW".
    • Enter the Mobile Wallet pin when prompted.
  2. Via USSD Code:
    • Use the code 885710# for repayment.

Late Payment Penalties

If you miss the repayment due date, a late payment penalty will be charged daily. Continuous non-payment may result in legal action.

Data Security

FlashLoan ensures that your personal information is secure. As a licensed company, FlashLoan adheres to government regulations to protect your data, which is only used for verification purposes.

Why Personal Information is Collected

FlashLoan requests only limited personal information to provide better loan services and effectively evaluate your credit limit.

Final Thoughts

FlashLoan is a reliable and efficient online loan application in Zambia, offering flexible and secure personal loans up to K20,000. With a commitment to customer safety, risk awareness, and data security, FlashLoan provides a trustworthy platform for all your financial needs. Whether you need immediate cash for an emergency or a planned expenditure, FlashLoan ensures a hassle-free and secure loan experience.

Your financial well-being is our priority. Borrow responsibly and choose FlashLoan for a reliable lending partner.

 

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    Quick Updates
    Lesson 7: All you need to know about clearing your Contacts from Loan app Databases is it true or not

    Lesson 8: How Loan App Agents are Scamming people on Facebook Groups

    Lesson 3: 10 Golden Rules to Break Free from Loan Apps Stop the Debt Cycle!