Loan Apps: What Happens if You Can't Repay?

Loan Apps and Bankruptcy: What You Need to Know

Trusty is another legitimate digital lender operating in Nigeria

You need to be very careful of a platform linked to Trustloan.store. Fact-checking organization Africa Check identified this as a scam targeting Nigerians .

Lendwise is an online peer-to-peer lending platform that was created to solve a specific problem: students and professionals who are a good credit risk but lack a long financial history or a co-signer often struggle to get loans from traditional banks.

The app is published by a company based in the Philippines. It was first released on June 12, 2025, and last updated on March 20, 2026. The listing describes it as a "loan app philippines online" with a promotional text stating: "This loan app can solve your financial problems anytime and anywhere with low interest rate."

Mega Cash GO is an Australian online credit provider that launched its first loan product in 2025 . The company offers unsecured personal loans ranging from 300 to 5,000, designed for short-term financial needs.

Hen Credit (also known as Henloan) is an illegal loan app that has been permanently banned by the Nigerian government and removed from the Google Play Store