Is NairaBox Loan App Legit or Scam

Is Naira Box Legit or Scam

Is Nairabox loan App Legit or Scam? Before we go into that, let’s look at what NairaBox Loan App is.

Nairabox Loan App is an app that claims to grant short-term loans to Nigerians. The App has over 10k downloads on the Google App store. Their interest rate is 12% to 25% per annum. Their repayment period is between 91 days to 365 days.

IS NAIRABOX LOAN APP LEGIT OR A SCAM

Nairabox Loan App is a fraudulent app that extorts money from Nigerians who want to borrow money from the App.

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This is how they scam people with their hard-earned money. When you first download the App and want to sign up, they ask for your details like how other loan app does. After you have provided your details at the time of signing up from the App, you will be required by the App to bind your ATM with the App for loan repayment when you decide to borrow from them.

They will give you some fantastic loan offer that is mostly too good to be true. Then if you try to borrow, they will tell you that before you receive the loan, you need to make a part payment before your loan is credited to your account.

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If you make the payment, the App will start malfunctioning. After that, you will begin seeing the advert for other loan Apps. NairaBox Loan App is a Scam. Please don’t fall into their hands.

Don’t be deceived by their rating on the Google Play Store. Those reviews are not genuine at all.

In Conclusion, always do your research before you borrow from any loan app. This is to avoid being scammed of your hard-earned money.

You can drop your comment about Nairabox loan App through the comment section of this blog. We would love to hear from you.

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About Alex Peter Onoja

A passionate blogger who want more than ordinary from life

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