A lot of people have asked so many questions about loan apps, in Nigeria some people use to borrow money in some apps in such a way that they may not be afford to pay them back and they may be tracked to pay back their debts.
Read More: Full List Of Fake Loan Apps In Nigeria That Need Your BVN(Yahoo Boys Apps)
A loan app is an app that you can download and borrow money on it and be paying some certain interest respectively without going to the bank for any loan.
LIST OF LOAN APPS IN NIGERIA
- Carbon Loan App
- Branch Instant Loan App
- Palmcredit Instant Loan App
- Fairmoney Loan App
- Quick Check Loan App
- Umba Quick Loan App
- Aella Quick Loan App
Can Loan App block my BVN?
There have been several cases in which some people have complained and asked questions whether a loan app can block their BVN, The answer is No, the pure fact about the cases is that Your BVN can only be blocked by the central bank of Nigeria.
Can Loan App Sue You In Nigeria?
Loan apps are making life difficult for low-income borrowers in Nigeria, by bringing in this question from people “Can loan apps sue you in Nigeria? as to gain in popularity among lenders.
Loan apps can sue you if there are illegal and unregulated, you can be sued by loan apps if you didn’t pay back your debt, and because you owe them, they may forbid you from applying for a loan from them in the future. It also prevents other legal loan apps from approving you for a loan.
Can Loan Apps Access Your Contact
Yes, loan apps can have access to your contact list. As long as you have the app on your phone and you use them to loan, it will have access to your phone but for you to stop loan apps from having any access to your android phone is not downloading their app to your phone.
Can Loan Apps Access My Gallery?
Loan apps can now access your gallery if you allowed them. Once you open the app, it will request your details like your gallery or photo gallery and others and when you gave they will have access to everything on your phone but the best thing to do is to deny them permission.
Can Loan Apps Access My Bank Account
Loan apps can now access your bank account if you allowed them. There will get to know your account details like your name, account number, and so many others.
- Name
- Date of Birth
- Address
- Employment status
- Income
- Bank details
- Identity Verification
- Phone number
- Bank account statement
- purpose of the loan
- Guarantor
- Bvn (biometric verification number)
Note that once, you have a loan app on your phone, it gets access to something in your phone like your gallery, bank account details, contact, Bvn (biometric verification number), and contact. once you have the app there is nothing to hide. This article will teach you all you need to know about Loan App and whether they can block your BVN.
