list of online loan service

List of verified online loan service in Nigeria

Of recent many online loan application has erupted given out loans without collecting collaterals with little interest from its customers, which in one way a good development. Most of these online loan applications are own by Micro Finance Banks. Example of such is Paylater, which started in the year 2016 and has grown to be one of the leading online loan providing service with over 1m+ downloads on Google play store with this, it already shows that they are good at what they are doing, though not all loans are successful some loan application might be decline due to some factors which will be discussed later. Without dwelling much on this, let me drop the list of verified loan application service. Why? The reason why I decided to list the of verified loans service is because some people out there or let me just say there are so many loan applications online which are just on Google play store to extract User data like (BVN, Email, phone number Bank Account) and at the end of the day they won’t give out the loan out of frustration such application will be deleted but mind you have already inputted your data.

Here is the list of verified online loan service

·         Paylater

·         Branch

·         Palm credit

·         Kia kia

·         Quick check loan

·         Aella credit

·         FairMoney

How to identify fake loan applications

There are so many ways to identify fake online loan application service, which will be listed below.

·         Check their reviews on google play store: Most people don’t bother to check reviews of what they are downloading all their aim is just to get the money, it is very important to check the review of whatever you are downloading on google play store, as we all know that there are so many junk applications are in google play store unlike Apple store where application  will have to be check before publishing them.

·         Google their website a standard loan application service should have a standard web service so if this is missing I don’t think is a yes for me

·         Google their office address: a good loan service should have a physical location, should there be any case of deduction of money from your account without your consent you can go to their office if they are not responding to email

·         Look them up in forums most especially “Nairaland” to know what people are saying about it