List of Fake Loan Apps in Nigeria: Almost in every part of the world, people look for an effortless loan process. In the same way, Nigerians also look to Instant loan apps to get loans. They come across a lot of loan-giving apps during this process. But not all apps are genuine. Some apps are fake here. To make all people here aware, we are providing a complete list of all fake loan apps in Nigeria.
List Of Fake Loan Apps In Nigeria 2025
Some fake loan apps include Okash, 9jaCash, KashKash, CashLion, FastMoney, Lendcash, NairaPlus, GGMoney, PalmCash, For Naira, GotCash, RapidCash, EaseMoni, AngelLoan, CashRain, iCredit, NowCash, OxLoan, UCredit, MoniCredit, AjeLoan, AimLoan, Lucky Loan, StarLoan, Kakshpah, Credit Hall, Miko Loan, Cycle Cash, GotoCash, etc. Check the full list below.
| No. | Name of Fake Loan App |
| 1 | 9 Credit App |
| 2 | 9ja Cash Loan App |
| 3 | Aimloan Loan App |
| 4 | Jaeloan Loan App |
| 5 | Angel Loan App |
| 6 | BorrowNow Loan App |
| 7 | Cash Mall Loan App |
| 8 | Cash Wallet Loan App |
| 9 | Cash Farm Loan App |
| 10 | CashLion Loan App |
| 11 | CashRain App |
| 12 | ChaCha App |
| 13 | CreditHall App |
| 14 | CycleCash App |
| 15 | Ease Cash App |
| 16 | EaseMoni App |
| 17 | EasyCredit App |
| 18 | EasyMoni App |
| 19 | FastMoney App |
| 20 | ForNaira App |
| 21 | Cash App |
| 22 | GGMoney App |
| 23 | GoCash App |
| 24 | Cash App |
| 25 | Here4U App |
| 26 | iCoin App |
| 27 | iCredit |
| 28 | KashKash App |
| 29 | LCredit App |
| 30 | LendCash App |
| 31 | LionCash App |
| 32 | Lucky Loan App |
| 33 | Maxi Credit App |
| 34 | Mikoloan App |
| 35 | NairaPlus App |
| 36 | NCash App |
| 37 | Cash App |
| 38 | Oxloan App |
| 39 | Palmcash App |
| 40 | Rapid Naira App |
| 41 | SoftPay App |
| 42 | Speedy Choice App |
What are the fake loan apps in Nigeria?
Fake loan apps in Nigeria are not legitimate and do illegal activities, including data theft, asking for money, and other financial frauds with customers. These applications have the potential to steal your personal data, impose high-interest fees, or fail to provide the requested funds. Make sure loan applications are legitimate, and only use financial services that are authorized.
- Okash
- 9jaCash
- KashKash CashLion
- FastMoney
- Lendcash
- NairaPlus
- Money
- PalmCash
- For Naira
- GotCash
- RapidCash
- EaseMoni
- AngelLoan
- CashRain
- Credit
- NowCash
- OxLoan
- UCredit
- MoniCredit
- AjeLoan
- AimLoan
- Lucky Loan
- StarLoan
- Kakshpah
- Credit Hall
- Miko Loan
- Cycle Cash
- GotoCash
Fake loan apps’ interest rate in Nigeria:
Fake loans first attract customers at very low rates, but thereafter, they charge customers very high interest rates. Interest rates in Nigerian loan apps are multiple times higher compared to normal loan apps. These apps charge 100% more than normal apps.
Fair Loan Apps Interest Rates
Here is a list of the interest rates for the top 8 loan apps in Nigeria as of 2024:
| Loan app | Interest rates |
| FairMoney | 2.5% to 30% monthly or 30% to 260% APR |
| Branch | 15% to 34% monthly |
| Kuda | 0.3% daily |
| QuickCheck | 2% to 30% monthly |
| Carbon | 2% to 30% monthly Or 23% to 68.3% APR |
| Aella | 6% to 20% monthly Or 22% to 264% APR |
| Palmcredit | 14% to 24% monthly Or 48% to 56% APR |
| Renmoney | 2.9% to 34.17% monthly |
How can I identify fraudulent loan applications in Nigeria?
There are different methods and techniques through which you can find fake loan apps in Nigeria:
- Check for Registration and Licensing
- Read Reviews and Ratings
- Review Terms and Conditions
- Check for Secure Transactions
- Consult Regulatory Authorities
- Check for Social Proof
- Report Suspicious Apps
- Contact Customer Support
- Verify Contact Information
- Advance Payment Demands
- Beware of Unsolicited Messages from loan apps
- Download from official sources
- Read reviews and customer feedback
- Read terms and Conditions
- Request For Sensitive Information
- Request for your signature
- Bad Reviews Online
- Availability on Google or App Store
- The Use of HTTP instead of HTTPS
- Undisclosed Charges
FAQ: List Of Fake Loan Apps In Nigeria
What are some fake loan apps in Nigeria?
Ans: Some fake loan apps are following
- Borrow Now
- NairaPlus Loan App
- Cash Wallet loan app
- Ncash loan app
- 9Credit Loan App
- Ease Cash Loan App
- Palmcash
- LCredit
- Palmcash Loan App
- Sokoloan
