FairMoney: Loan App In Nigeria

The app was actually okay at first, I used it for transaction, made a silly mistake of taking loan of 90,000 from them Asked to pay 144,000 which I did, paid it up to 100,000 , took a top up loan a very stupid mistake 35,000 repaid it almost immediately I took it, only to see I’m to pay additional interest of 168,000 other than the 135,000 I’ve paid already. This is far from Ponzi scheme. It’s day light robbery…. I can’t even log in the app anymore both on iPhone and Samsung. Keeps saying working on something. This is pure money laundering and exploitation.

"Well, this app isn't that bad overall, but the loan interest is excessive. Imagine borrowing ₦5,000 for the first time and having to pay back ₦7,000. What's even more concerning is that if you don't pay on time, the amount you owe increases unexpectedly. While I'm not singling out this specific app, I strongly advise the operators to reconsider their interest rates because it's incredibly frustrating. They will use call and finish you. I can't give this app a five-star rating. I give it 1 stars I initially used it to borrow my first ₦5,000. After that, I deleted the app from my phone and I have no intention of using this loan app again."

I’ve been trying to add my NIN for a while now, but. There’s not even an option for me to do that 🤦🏽‍♂️ nd I’ve also applied for loan over and over but y’all are giving me 30 days, and you guys have done it thrice now, you say I should use the app to make transactions and all, I’m using it nd I still even lock money in the fair lock frequently, you’re telling me to buy electricity and purchase data from the app, but those features don’t even work on it, and I can’t even add an ATM 🤦🏽‍♂️….at least the least you guys can do is making an option for users to delete their account cos I can’t leave my important details with y’all for no reason when I can’t even access the services that I uploaded my details for…..and if possible i would have given this app no star at all, but I gave it five star so it can appear on the front