• 

  Umba

  Category: Safe Loan

  Interest rate: 10%

  Umba is a secure loan platform approved by the Federal Government. They prioritize customer privacy and refrain from contacting your phone contacts or guarantors. However, it's crucial to settle overdue loans promptly. Umba is a registered Microfinance Bank and has the authority to report unpaid debts to credit bureaus, potentially impacting your credit score. This could hinder your ability to secure loans from other financial institutions in Nigeria, and rebuilding your credit score may take up to 6 months, even after repayment.

  If you have outstanding loans with Umba, consider repaying them at a manageable pace. You can spread your payments over several months, for example, ₦5,000 per month, depending on your outstanding balance. Avoid rushing to repay all at once to alleviate undue pressure.

  Always repay Umba in installments and refrain from borrowing from other loan apps to settle your debts. This practice may exacerbate your financial situation and lead to further difficulties.

---

Join our Facebook Group

---

What you should know

• 

  Any loan sharks that defame are never linked to the credit bureau in anyway and all they say to you are lies.

• 

  Loan shark money cannot help solve anybody matter to better 40% - 70% in 7 days, they are simply misery compounders!! Do away with them.

• 

  Loan Apps major aim is to make outrageous profit from people and render people bankrupt. Dont be a victim

---