| Interest Rate | 40% |
| Duration | From 7 days |
| Access Level | Public |
| Company Name | Fundbox |
| Phone 1 | 08112130623 |
| Phone 2 | |
| Website or Store | |
| Address | House 4 J' Close, 23 Road, Festac Town, Lagos State, Nigeria |
| Category | Mild Loan |
| Company Email | dev@deerleaptechltd.com |
| Views | 389 |
Step by step guide to break free from loan apps
About Fundbox
Looking for a quick, reliable, and secure online loan app in Nigeria? Fund Box offers instant personal loans of up to ₦200,000 with flexible repayment terms and competitive interest rates. Whether you need funds for emergencies, business, or personal expenses, Fund Box provides a seamless loan application process—100% online, no paperwork, and fast approval!
Why Choose Fund Box? – Best Loan App in Nigeria
✅ Higher Loan Amounts – Borrow from ₦8,000 to ₦200,000 based on eligibility.
✅ Fast Approval & Disbursement – Get approved in minutes and receive funds directly to your bank account.
✅ Flexible Repayment – Repay comfortably in 90 to 365 days.
✅ Low-Interest Rates – Competitive rates from 0.048% to 0.098% daily (Max APR 35.77%).
✅ No Collateral Needed – Unsecured loans with no hidden charges.
📱 How It Works – Get a Loan in 4 Easy Steps
Download the Fund Box App (Available on Google Play Store).
Sign Up & Complete Application – Provide basic details.
Get Instant Approval – Quick verification process.
Receive Cash Instantly – Funds sent to your bank account.
Fund Box Loan Details
| Loan Feature | Details |
|---|---|
| Loan Amount | ₦8,000 – ₦200,000 |
| Repayment Tenure | 90 to 365 days |
| Daily Interest Rate | 0.048% – 0.098% |
| Maximum APR | 35.77% |
| Disbursement Time | Within 24 hours of approval |
💡 Example Loan Calculation
Loan Amount: ₦10,000
Interest Rate: 0.08% daily
Tenure: 120 days
Total Interest: ₦1,152
Total Repayment: ₦13,152
Monthly Repayment: ₦3,288
Who Can Apply?
✔ Nigerian residents (Valid BVN & ID required)
✔ Age 18 – 60 years
✔ Stable income source (Employed or self-employed)
📥 Download Fund Box Now!
Get quick cash loans in Nigeria without stress. Fund Box ensures:
🔹 No paperwork
🔹 No collateral
🔹 Transparent fees
🔹 Secure & confidential
Expert Counsel
Legality of the Agreement
Under Nigerian Civil Law, particularly in the context of money lending and microfinance banking, a contract may be considered invalid, unenforceable, or void in the following situations:
1. Illegal or Unlicensed Money Lender
According to the Money Lenders Act, any money lender operating without a valid license from the relevant state authorities or the Central Bank of Nigeria (CBN) is illegal, making contracts with them unenforceable
2. Unconscionable or Exploitative Terms
Contracts with excessive interest rates or hidden fees may be deemed unconscionable and unenforceable under consumer protection laws.
The Central Bank of Nigeria (CBN) caps interest rates for microfinance banks and regulates fair lending practices.
3. Fraud, Misrepresentation, or Coercion
A contract is voidable if the lender used deception, misleading statements, or threats to force a borrower into signing.
Section 19 of the Money Lenders Act states that fraudulent or deceptive lending practices can make a loan agreement unenforceable.
4. Breach of Privacy & Harassment by Loan Apps
Loan apps that invade borrowers’ privacy by sending defamatory messages to contacts violate the Nigerian Data Protection Regulation (NDPR).
FCCPC has declared harassment by loan apps as illegal, and contracts based on such practices can be challenged as invalid.
5. Absence of a Proper Written Agreement
Under the Money Lenders Act, any loan exceeding ₦20,000 (varies by state) must have a written agreement signed by both parties.
If there is no signed agreement, the lender may not be able to enforce repayment legally.
6. Violation of Loan Tenure & Repayment Rules
CBN guidelines on microfinance lending specify minimum and maximum repayment tenures.
A contract that violates these guidelines may be challenged.
7. Duress or Undue Influence
If a borrower is forced to sign under threats, blackmail, or undue influence, the contract is invalid under Section 20 of the Contract Law of Nigeria.
8. Lending to a Minor
A loan contract with anyone under 18 years old is automatically void under the Nigerian Contract Law.
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Reviews
Agent message to usersYOUR FAMILY WILL CRY OVER YOU SOON, FOR HOLDING OUR MONEY TILL NOW, YOU WILL BE BURIED UNTIMELY, NOTHING GOOD WILL EVER COME YOUR WAY, YOUR ENTIRE FAMILY WILL NEVER KNOW PEACE, YOUR FAMILY WILL BE KNOWN AS DEBTORS
YOU BETTER PAY UP THIS LOAN NOW BEFORE IT ENDS YOU AND YOUR FAMILY.
LOAN CREDIT
this are the msgs i got from them this evening. Well they’ll never get back their money
- 2/23/2025
- High Interest Rate
The interest rate is too high please stay away
- 11/7/2024
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