Loan Naira

Interest Rate	45%
Duration	7 - 14 days maximum
Access Level	Public
Company Name	RUBYSTAR
Phone 1
Phone 2
Website or Store	https://play.google.com/store/apps/details?id=com.loan.naira.cash.ng9
Address	Unknown
Category	Dangerous Loan
Company Email	loannaira2020@gmail.com
Views	9,695

FAQ

Can I still pay them if they defame me?

Once a loan app has defamed you — by sharing your information, contacting your friends, or posting false claims — they have violated your privacy and broken the law. At that point, the agreement between you and them is already compromised.

You should report them to the FCCPC, CBN, and NDIC or any agencies in your country instead of paying. Paying them after such illegal behavior only encourages their abuse and gives them more power to exploit others.

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.

Can this Loan App Hack my Account

An app itself can’t magically “hack” your bank account, but a malicious loan app can steal your data or enable attacks that give criminals access — so treat them as potentially dangerous. Never download apps outside Play Store or App Store

Can you categorize this Loan Apps as a good loan apps?

Any loan app that charges above 7% per month and does not allow repayment to be spread across 3 to 6 months is a criminal organization. Stay away from them—they will ruin you financially

Do I need to Generate Disclaimer for this Loan App

You only need to generate a disclaimer if the loan apps have access to your contacts or if they are not licensed. To know whether a loan app is likely to defame you, check the permissions it has on your device. If it has access to your contacts or call logs, and it is not a licensed or approved agency such as the Central Bank, then you need to send a disclaimer.

Do you suggest I fight back against this loan app if they send abusive messages?

Yes — fight back. They prey on fear; pressure and exposure make predatory loan apps back down. Upload all their messages and evidence to our platform immediately — we are working to sue them. They’ll often flee once they’re documented and reported.

Explain How Credit Bureau Works

How a malicious loan app can compromise your details

Phishing / social engineering: tricking you into giving OTPs, passwords, or BVN details.

Permission abuse: access to SMS, contacts, call logs, or accessibility services can let an app read OTPs or intercept communications.

Fake login pages/overlay attacks: an app may show a fraudulent screen that captures your bank credentials.

Malware/keyloggers: Some apps can record taps or keystrokes if they get high-level permissions.

Linking to compromised websites: clicking links can download malware or steal details.

Never share OTPs, BVN, or passwords with anyone.

Don’t grant Accessibility or SMS-read permissions to untrusted apps.

Install apps only from official stores and check reviews/permissions.

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

I received several emails from loan apps claiming to be from the court and other agencies. What should I do?

Most of the emails you receive from loan apps are fake and meant to scare you. What you should do is verify the authenticity of the message — check if it is truly coming from a genuine government or legal agency. If the email is not from an official source, simply ignore it or reply that they are impersonating an authority and that their account has been reported to the appropriate body.

No loan app can sue you in court because most of them operate in clear violation of existing financial and data protection laws. And if any of them attempts such action, our legal team is fully prepared to represent you. In the past seven years, not a single loan app has successfully taken any borrower to court.

They sent a message to me that they will block my BVN. Is it possible?

Loan apps do not have the authority or technical access to block your BVN. Only the Central Bank of Nigeria (CBN) or your bank can restrict or blacklist a BVN, and that only happens in cases involving serious fraud or court orders.

Any loan app threatening to block your BVN is simply trying to intimidate you. It’s a scare tactic, not a legitimate action

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 Loan Naira

Loan Naira is a leading fintech company that is dedicated to providing financial services to the people of Nigeria. Our goal is to empower our customers by offering them alternative financial solutions, thereby allowing them to achieve financial stability and independence. The Loan Naira app, which is the flagship product of our company, is designed to make the loan application process as stress-free and seamless as possible.

At Loan Naira, we believe that access to financial services should be a basic right and not a privilege. That is why we have designed our loan app to be user-friendly and accessible to everyone. Our app is available for download on both iOS and Android platforms, and it is easy to use. Simply download the app, follow the instructions, and fill out the loan application form. Our app uses advanced technology to verify your identity and to ensure that the loan application process is secure and efficient.

We understand that everyone's financial needs are different, and that is why we offer flexible loan options to our customers. Our loans range from small personal loans to larger loans that can be used to fund business ventures. We offer short-term and long-term loans, and we are committed to finding the best loan option for our customers. Our loan application process is straightforward, and we will notify you of our loan decision within minutes of receiving your application.

At Loan Naira, we believe in treating our customers fairly, and that is why we have a fair and transparent lending policy. We do not charge hidden fees, and we are committed to providing our customers with a loan that meets their needs and budget. We also offer our customers the opportunity to pay off their loans early, without any penalty fees.

In addition to our loan app, we also offer a range of financial services, including savings and investment options. Our savings and investment options are designed to help our customers grow their wealth and achieve their financial goals. We are committed to providing our customers with the financial education they need to make informed decisions about their finances.

Our customer support team is available 24/7 to assist our customers with any questions or concerns they may have. We understand that financial issues can be stressful, and that is why we are committed to providing our customers with the support and assistance they need to achieve financial stability.

In conclusion, Loan Naira is a leading fintech company that is committed to providing financial services to the people of Nigeria. Our loan app is user-friendly, accessible, and secure, and our loans are flexible and affordable. Our goal is to empower our customers and to make a positive impact on their lives. With Loan Naira, you can easily apply for a loan, and achieve financial stability and independence. So, why wait? Download our loan app today, and take control of your finances!

Reviews

Interest too high (Loan Naira)
This app very bad their interest is too much secondly they will withdraw money before the date in your account without your knowledge I hate this app, is 419 app,, 10k to pay 15500 in 7 to 14days
- 2/28/2024
RUBYSTAR
Useless app on this planet... disbursement will take 5days to be comfirmed after confirmation another 5days To be credited...wen you check your balance nothing will show up total scam run ooooooooooo
- 3/18/2023
RUBYSTAR
This is so annoying and disgusting. How can one wanting to loan N5500 and you people didbursed N3,600, thats pure AUTHORITATIVE STEALING. I did not autjorized N3600 it was N5500 i signed for.
- 3/17/2023
RUBYSTAR
LoanNaira app is a goal 👌, A friend of mine recommend the app to me, and of course it really helped me, I demanded for a loan and without delay I was credited, thanks to LoanNaira-
- 3/14/2023
RUBYSTAR
This is scammers app they told me that there disbursement to my account since yesterday I did not receive alert
- 3/12/2023
RUBYSTAR
I applied for a loan of 12k to pay 15k, I only received an alert of #10,200, I hope you are not expecting me to pay 15k when it's due, cause I don't understand why I applied for a particular amount and you ended giving me a lesser amount, I've been trying to check the app to know how much am supposed to repay but it's not showing me
- 3/11/2023
RUBYSTAR
This app very bad their interest is too much secondly they will withdraw money before the date in your account without your knowledge I hate this app, is 419 app,, 10k to pay 15500 idiot loannaira
- 3/10/2023
RUBYSTAR
Easy to access, enjoyed using the app and also it's swift in money disbursement.
- 3/9/2023
RUBYSTAR
This never gives loan, Everytime you longin you are asked to bind card, and they keeps deducting #50 and eventually no loan granted. This doesn't worth been online
- 2/28/2023
RUBYSTAR
I am so disappointed 😞 at Loannaira. They kept calling and sending me whatsapp message ro apply. When I did, the app has been showing me "verifying for disbursement" for over 48hrs. How long does it take to verify? Other loan apps takes less than 10mins to register and get credited
- 2/25/2023
RUBYSTAR
Very useless app, tteu just make me waste my data and this is so unfair 😭
- 2/5/2023
Completely stay away
I encourage you to run from your life they are evil and they will tarnish your image. and their interest rate is just too high
- 2/4/2023
Wicked Loan app
Please stay away from this loan app. their interest rate is 45%
- 2/4/2023
RUBYSTAR
Customer service is very rude ..Even before your loan reaches the due date,they would start harassing and insulting you.To the point of getting really personal. They have very terrible customer service.patronise them at your risk.
- 2/3/2023
RUBYSTAR
Customer service is very rude ..Even before your loan reaches the due date,they would start harassing and insulting you.To the point of getting really personal. They have very terrible customer service.patronise them at your risk.
- 2/3/2023
RUBYSTAR
This is total rubbish I wanted a loan from your app, and I decided against it afterwards. I did not submit the loan application because it didn't show the interest rate... How did it happen that I was later credited (they are clowns). And to think that I initially requested for #6000, only for me to be credited #3,900. They are dubious...
- 1/31/2023
RUBYSTAR
This is one of the most fraudulent means I've ever seen in recent world. Crazy interest rate for low amount of loan. Worst is that I requested 3k but was credited 1k to repay 3,140 after 6days. Secondly, I requested 11k but was credited 7k to repay 11k in just 6days. Who does that? 4k interest in 6days? Abeg avoid this app with all means.
- 1/25/2023
RUBYSTAR
This app is useless. I was called from their customer service that my loan is due which I don't know about. I haven't hear of the loan app before not untill when they started calling so I check it out on play store and downloaded it. To my surprise I discover that my details are not register yet so I registered it and saw the over-due amount which my bank account wasn't register in the app. They are scammer. Pls don't fall victim
- 1/21/2023
RUBYSTAR
Why are you deducting people's money before coming up with your video agreement? This just goes to show a fraudulent act by you guys. You're telling me to do an oath when you haven't even shown me what to be repaid. This is the highest level of stealing that anyone can imagine. However, it's one of the things that teaches us to know more. My candid advice to whoever that may just want to download this app is that DO NOT try it. Waste of data, time, and your money will certainly be taken. Thanks.
- 1/20/2023
RUBYSTAR
Honestly this app is not bad, but the rate is way too much... And secondly, verifying of payment or updating it seems difficult for them.. I made my payment of 7000 3hrs ago and uptill now it's not been cleared... Me i won't pay for any overdue charges o.. The number provided has been switched off
- 1/20/2023
RUBYSTAR
This is the worst loan app I have ever make transaction with, they will agree to give you certain amount of money but before the money is sent to your acct, they would have deducted the interest rate which is almost half of the money you intend to lend, I have complain to them twice bt nothing is done concerning that, the interest rate is super high, they are using the country situation to make more profit
- 1/18/2023
RUBYSTAR
This is simply a trap! They made the app so uninterractive for that reason. And, in order to catch their prey they also take their interest upfront. Imagine them offering to lend me 4K, with a very uninterractive application process, only for me to discover it was #2,600 that was sent to my account, without proper clarification. I called their customer care and discovered it was deliberate. #2,600 to repay #4,000. That's a whooping 54% interest for 10 days. I regret ever downloading this app!
- 1/15/2023
RUBYSTAR
This is simply a trap! They made the app so uninterractive for that reason. And, in order to catch their prey they also take their interest upfront. Imagine them offering to lend me 4K, with a very uninterractive application process, only for me to discover it was #2,600 that was sent to my account, without proper clarification. I called their customer care and discovered it was deliberate. #2,600 to repay #4,000. That's a whooping 54% interest for 10 days. I regret ever downloading this app!
- 1/15/2023
RUBYSTAR
Whatever you do please try by all means to avoid this particular loan app called Loannaira, the interest rate is too high, they never increase loan repayment duration but they keep increasing the amount you can collect, they once credited me for a loan I never applied for thank God I was able to detect the credit alart was from them. Worst loan app ever.
- 1/14/2023
RUBYSTAR
This is not helpful to business owners, bcos after early payment, they will for no reason refuse to give you access to any further loan, therefore killing your business projections. For over two weeks now, i made an early payment, but they refuse me access to a new loan all in the name of upgrading, i called severally but to no avail. It is well ooo. Very deceitful and unreliable app.
- 1/10/2023