ForNaira - Loan Shark Review
Interest Rate 45%
Duration 7 days
Access Level Public
Company Name ForNaira
Phone 1 Unknown
Phone 2
Website or Store no related website
Address Unknown
Category Dangerous Loan
Company Email Unknown
Views 599

ForNaira is a loan app company that offers a safe and reliable online loan app in Nigeria. As a member of the Sokoloan family, we are committed to providing quick and easy loans and bill payment solutions to our customers. We pride ourselves on our excellent customer service, cooperative partnerships, ease of use, security, and instant loans.

 

Our Interest Rate

At ForNaira, we offer competitive interest rates on all our loan products. We understand that our customers are looking for a fast and affordable way to borrow money, which is why we offer transparent interest rates and repayment terms.

 

Company Profile

At ForNaira, we are committed to providing our customers with the best possible loan app experience. We are a fintech company that is focused on simplifying the lending process and providing instant credit and payment solutions to emerging markets. Our mission is to help our customers build financial independence and achieve their financial goals.

 

About Us

At ForNaira, we are passionate about helping our customers achieve their financial goals. We understand that borrowing money can be stressful, which is why we have created a loan app that is designed to simplify the lending process. We believe that access to credit is a fundamental human right, and we are committed to providing our customers with a safe and reliable way to borrow money.

 

Company Services

At ForNaira, we offer a range of loan products and payment solutions to help our customers achieve their financial goals. We offer instant loans, bill payments, micro-insurance plans, and money transfers. Our loan products are designed to be fast and easy to access, with no paper documentation required. We also offer flexible repayment terms to ensure that our customers can repay their loans on time.

 

Our Mission

At ForNaira, our mission is to provide our customers with a safe and reliable way to borrow money. We believe that access to credit is a fundamental human right, and we are committed to providing our customers with the financial tools they need to achieve their goals. We are focused on simplifying the lending process and providing instant credit and payment solutions to emerging markets.

 

Our Vision

At ForNaira, our vision is to be the leading provider of instant credit and payment solutions in Nigeria. We are committed to building a company that is focused on our customers and their needs. We believe that by providing fast and easy access to credit, we can help our customers build financial independence and achieve their financial goals.

 

Our Core Values

At ForNaira, we are committed to providing our customers with excellent customer service, cooperative partnerships, ease of use, security, and instant loans. We believe that these core values are essential to building a company that is focused on our customers and their needs.

 

Excellent Customer Service

At ForNaira, we believe that excellent customer service is essential to building a successful loan app company. We are committed to providing our customers with fast and friendly service, and we are always available to answer any questions or concerns that our customers may have.

 

Cooperative Partner

At ForNaira, we understand that building partnerships is essential to the success of our company. We are committed to working with our customers to ensure that they have the financial tools they need to achieve their goals.

 

Ease of Use

At ForNaira, we believe that our loan app should be easy to use and accessible to everyone. We have designed our loan app to be user-friendly, with no paper documentation required. All you need is your basic information, BVN, and a smartphone (iOS or Android).

 

Security

At ForNaira, we take the security of our customers' information seriously. We use the latest encryption technology to ensure that our customers' information is safe and secure.

 

Instant Loans

At ForNaira, we believe that access to credit


Expert Counsel

Let's delve into ForNaira and its practices. Firstly, it's important to note that this service is operated by Sokoloan company and is notorious for sending derogatory messages to all your contacts if you fail to repay on time.

 

Instead of directly informing your contacts about your debt, they opt for sending SMS messages to them, indicating that you owe them money. Additionally, ForNaira resorts to sending derogatory messages via WhatsApp to your contacts, beginning as early as one day after your repayment deadline.

 

Their repayment plans typically span from 6 to 14 days, making it challenging for borrowers to meet their obligations. What exacerbates the situation is their high overdue interest rates, ranging from 5% to 7% per day, which can quickly escalate your debt.

 

It's crucial to refrain from repaying them once they tarnish your reputation, as this only serves to enrich them. Being unlicensed loan apps, ForNaira and similar services lack legal recourse. Their primary tool for coercion is defamation.

 

Moreover, attempting to borrow from other loan apps to repay them only exacerbates your financial woes, as you might unknowingly end up borrowing from them again, perpetuating a cycle of debt.

 

To shield yourself from their relentless pursuit, consider installing Truecaller on your mobile device to identify and block their calls. Additionally, blocking them on WhatsApp and reporting their activities on both WhatsApp and Google Play Store can serve as deterrents.




Join our Facebook Group



Reviews

  • User loan Review

    ForNaira has been removed from playstore please beware of this loan app

    • 5/9/2023
  • User loan Review

    I would caution anyone against using this loan app. The high-interest rates and short repayment period make it nearly impossible to repay the loan.

    • 3/24/2023
  • User loan Review

    I had a terrible experience with this loan app. The customer service was unresponsive, and the application process was frustratingly slow.

    • 3/2/2023
  • User loan Review

    The loan app charged me hidden fees, and the interest rates were exorbitant. I would never use this app again

    • 2/27/2023
  • User loan Review

    The loan app's terms and conditions were confusing, and I didn't fully understand the interest rates until it was too late

    • 2/19/2023
  • User loan Review

    The loan app approved me for a loan that I couldn't afford, and I ended up in a worse financial situation

    • 2/17/2023
  • User loan Review

    The loan app had technical issues, and I couldn't get my funds on time. I lost out on important payments because of this.

    • 2/15/2023
  • User loan Review

    The loan app had technical issues, and I couldn't get my funds on time. I lost out on important payments because of this.

    • 2/15/2023
  • User loan Review

    The loan app had technical issues, and I couldn't get my funds on time. I lost out on important payments because of this.

    • 2/13/2023
  • User loan Review

    This loan app promised fast approval, but it took longer than expected. I don't recommend it

    • 2/10/2023

Safely Report A Loan Shark

If you have borrowed from a loan shark or are worried about someone else, we’re here to help and keep you safe. Learn how to break free from their grasp.

Get help now