| Interest Rate | 30% |
| Duration | from 7 days |
| Access Level | Public |
| Company Name | LendSwap |
| Phone 1 | |
| Phone 2 | |
| Website or Store | https://lendswap.com/ng/ |
| Address | |
| Category | Mild Loan |
| Company Email | |
| Views | 905 |
LendSwap
FAQ
Can loan apps post my pictures on social media?
You should not worry about loan apps threatening to post your picture on social media. If you check their accounts, you’ll notice most of them have fewer than 100 followers. This means they are mainly circulating your picture among themselves just to instill fear in you. Never pay a dime if any loan app posts your picture online; they are actually the ones owing you, not the other way around. Instead, report the account to the appropriate social media platform, and it will likely be closed down.
Can they auto-debit my account?
If you linked (bound) your ATM card during registration with a loan app, they can automatically debit your account. To prevent this, you should go to your bank, block the card, and request a new one.
For fully licensed Microfinance Banks that may use the Global Standing Instruction (GSI) or place a lien on your account, the safest option is to move your money to another bank account that has never been registered with loan apps. This will stop them from debiting your funds.
Can they come to my house or office to arrest me?
99% of loan apps cannot come to your house or office because most of them operate illegally and have no legal right to pursue you physically. Only fully licensed and approved Microfinance Banks with a registered office address and reputation as a legitimate financial institution can pay you a friendly visit, but never to arrest you.
Borrowing is a civil matter, not a criminal case. That means you cannot be arrested simply because you owe money. If any licensed microfinance bank tries to harass or threaten you, please contact us immediately—we will take the right steps to deal with them.
As for loan apps, they cannot legally come to your house or office to arrest you.
Can this loan app defame me?
Yes and No, a loan app can defame you, but it usually depends on where you downloaded the app from and what permissions you gave it.
- If you downloaded the app outside the Play Store or App Store (for example, from a direct link or third-party site), it’s very likely the app will misuse your information. Many of those apps are not properly regulated.
- How they access your contacts:
- Loan apps need Contact permission to copy your phone contacts.
- They also sometimes request Call log permission, which allows them to see your dialed, received, and missed calls—but not your full contact list.
- If you used the app before 2023:
- Before 2023, many loan apps could freely access contacts because the rules were not strict.
- From 2023 onward, Google Play Store and Apple App Store introduced policies that restrict apps from accessing contacts and call logs unless it’s absolutely necessary.
How do I get rid of their daily messages and calls?
To stop their frequent calls, you can install Truecaller, upgrade to Premium, and use the Block Spam Calls feature. This will automatically filter out most unwanted numbers. (Check the video below for step-by-step details.)
For WhatsApp calls and messages, fight back smartly: never listen to their voice notes or read their messages. Instead, use the response strategy in the link below to reply safely. When you push back confidently, scammers usually give up and flee.
https://loansharkreview.com/MessageTemplate
Will this loan apps report me to the Credit Bureau?
In most cases, 90% of loan apps cannot report you to the Credit Bureau. This is because many of them are not licensed financial institutions or they charge exorbitant interest rates that violate government policies.
However, fully licensed and approved microfinance banks can report you to the Credit Bureau. Even when they do, they usually report only the actual amount you borrowed and the original agreed interest — not the inflated charges or penalties. If you notice incorrect information in your credit report, you have the right to contest it with the Credit Bureau and request correction.
About LendSwap
Do you need a financial boost fast? LendSwap is here to help with flexible online loans up to 2,000,000 NGN—all without leaving the comfort of your home! Our simple, transparent process ensures that you can secure the funds you need without any surprises. Whether you're facing unexpected expenses or just need a bit of extra cash, we’re ready to make it happen.
Here’s How It Works:
1. Easy Registration:
Start by creating an account on our website. Completing the registration and submitting your loan application will take no more than 3 minutes.
2. Instant Approval:
Once your application is submitted, we review it right away. Expect a decision in less than 1 minute! If approved, you’ll know immediately.
3. Receive Your Funds:
Choose your preferred way to receive your loan—directly to your bank account or card. This means you can access the funds you need right when you need them.
With LendSwap, you can avoid the lengthy, complicated approval processes of traditional banks. We’re designed for speed and convenience, and our approval rate is high, even for new customers.
Why Choose LendSwap?
Fast and Transparent Process
Our entire process is designed to be as simple and fast as possible, so you can get back to focusing on what matters most to you. We’re committed to providing clear terms and full transparency—no hidden fees, no extra charges, and no daily interest accrual. Our loans come with fixed conditions, making budgeting easier and reducing the stress of unpredictable payments.
Fixed Fees, No Surprises
You’ll only pay a set commission for the loan amount, established at the time of signing. No matter your repayment term, the loan cost remains the same. Our mission is to offer you control and security over your finances, without any unexpected or excessive payments.
Flexible Repayment Options
Our loans come with flexible terms—choose a repayment period of up to 30 days for amounts up to 500,000 NGN. You can pay in one installment at the end of the period or make installments throughout the term of the contract. You’re free to adjust your payment schedule to suit your needs, and if you’re unable to pay within the set period, partial payments are allowed, and we can help extend your term.
Loyal Customer Benefits
Once you’ve paid off your first loan, you’ll unlock access to larger loan amounts and better terms. Our loyal customers receive exclusive offers and are rewarded with higher approval limits and premium conditions. With LendSwap, responsible borrowing means more opportunities for future support when you need it.
Applying is Simple – Follow These Steps:
- Select Your Amount and Term – Use our online calculator to choose your preferred loan amount and repayment term.
- Review Loan Details – See the total repayment amount and schedule before you proceed.
- Submit Your Application – Complete the quick online application form and receive confirmation within minutes.
- Receive Approval – We’ll process your application quickly, letting you know if you’re approved almost immediately.
- Access Your Funds – Once approved, the money is transferred directly to your registered bank account.
What Can You Use a LendSwap Loan For?
Our loans are perfect for covering unexpected expenses such as:
- Rent payments
- Grocery and household needs
- Medical emergencies
If you’re dealing with income delays or sudden expenses, LendSwap’s fast, secure loans can provide the relief you need. Join the LendSwap community today and discover a hassle-free way to take control of your finances.
Don’t Wait – Join the LendSwap Club Today!
Becoming a LendSwap member means you’ll enjoy exclusive benefits and reliable, flexible support for your financial needs. Apply now and experience quick, stress-free borrowing designed with you in mind.
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