Hiveloan  - Loan Shark Review
Interest Rate 35%
Duration From 7 days
Access Level Public
Company Name Hiveloan
Phone 1 +234 916 965 8003
Phone 2
Website or Store
Address
Category Dangerous Loan
Company Email
Views 92

At Hiveloan, we aim to simplify the home loan qualification process, ensuring that it is smooth and efficient for our users. Our innovative app serves as a centralized platform, allowing you to communicate directly with lenders, making the loan application process seamless and straightforward.

Key Features:

  • Personalized Loan Comparisons: Hiveloan allows you to explore various loan options, helping you compare and find the best program that fits your financial situation.
  • Refinancing Calculator: Easily assess potential savings or costs when refinancing your mortgage, so you can make informed decisions.
  • Affordability Assessment: Evaluate your homeownership possibilities by analyzing your current income and monthly expenses, helping you make realistic decisions about your future home.
  • Quick Document Submission: With our app, you can effortlessly scan and upload necessary documents from your smartphone, speeding up the loan approval process.

Experience the Hiveloan difference, where your journey to homeownership is made simple and efficient.

However, while using Hiveloan, it’s important to be mindful of several repayment concerns. Here are key things to consider:

Unregistered Status: Hiveloan operates without proper registration. This non-compliance means the company does not adhere to legal standards and regulations set by the relevant authorities.

Inappropriate Communication: If you or your contacts have received disrespectful or abusive messages from Hiveloan, it’s important to recognize that this can be damaging and embarrassing. Despite this, the company has likely already secured funds through such tactics. You are under no legal obligation to repay them, and if they demand payment, you can inform them that you are prepared to handle the situation through legal channels.

At Hiveloan, our goal is to make the loan process as easy as possible, but we encourage our users to always be informed and cautious when engaging with financial services.


Expert Counsel

1. They will send SMS messages to your contacts, claiming that you owe them money.

2. Prepare yourself for an onslaught of unpleasant WhatsApp messages if you are even a day late.

3. Their repayment schedules typically range from 6 to 14 days, making it extremely challenging to settle your debts.

4. Anticipate daily overdue interest rates ranging from 5% to 7%, pushing you further into debt.

5. Once they tarnish your reputation, there is no need to repay them. They have already achieved their goal.

6. Since they lack a license, they are unable to pursue legal action against you. Their sole tactic is to damage your reputation.

7. Avoid borrowing from other loan apps to clear your debts; this will only worsen your situation.

8. Utilize Truecaller to screen and block their calls, sparing yourself unnecessary stress.

9. The most effective way to break free from loan sharks is to cease borrowing altogether.

10. Block them on WhatsApp and report them directly to WhatsApp and Google Play Store to prevent others from falling victim to the same scheme.




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Reviews

  • User loan Review
    Scam and bad loan app (Hiveloan ) (Hiveloan )

    How they get ur number is what is surprising call u and they are forcing you to collect loan

    • 10/11/2024
  • User loan Review
    Defamation before Time (Hiveloan )

    My loan will be due for repayment tomorrow and they are already defaming me today

    • 9/24/2024

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