| Interest Rate | 47% |
| Duration | 7 days |
| Access Level | Public |
| Company Name | Rapid Naira |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | |
| Views | 941 |
Company Profile:
Rapid Naira is a digital loan platform that offers quick, convenient and accessible loans to the residents of Nigeria. Our mission is to provide an affordable and easy-to-use loan application process for individuals who need fast access to funds for personal purposes. With our app, you can apply for a loan up to ₦500,000, with repayment terms of up to 180 days.
About Us: Rapid Naira was founded with the goal of revolutionizing the loan application process for individuals in Nigeria. We understand that traditional loan applications can be time-consuming, complicated and often include lengthy approval processes. With Rapid Naira, you can enjoy a seamless, secure and convenient loan application experience with just a few clicks on your smartphone.
Company Services:
At Rapid Naira, we offer a range of loan products to meet the financial needs of our customers. Our loans range from ₦2,500 to ₦300,000, with repayment terms of 3, 6, 9 or 12 months. Our interest rates range from 15% to 28%, making our loans affordable and accessible. We also provide an installment loan option, allowing you to repay your loan in manageable monthly payments.
Our Mission:
Our mission is to provide accessible and affordable loans to individuals in Nigeria. We aim to make the loan application process simple, fast and secure, so you can get the funds you need when you need them.
Our Vision:
Our vision is to be the leading digital loan platform in Nigeria, providing fast, convenient and accessible loans to individuals and small businesses.
Our Core Values:
At Rapid Naira, we are guided by a set of core values that shape our company culture and define our approach to business. Our values include excellent customer service, a commitment to transparency and security, and a focus on ease of use.
Excellent Customer Service:
At Rapid Naira, we are dedicated to providing exceptional customer service. Our team of experienced customer support representatives are available 24/7 to assist you with any questions or concerns you may have.
Cooperative Partner: We understand the importance of working together with our customers to ensure their financial success. That's why we work closely with our customers to help them manage their loans and repay their debt in a responsible and manageable way.
Ease of Use:
We believe that access to financial services should be easy and convenient for everyone. That's why we have designed our app to be simple and straightforward to use, so you can apply for a loan in just a few clicks.
Security:
At Rapid Naira, we take the security of our customers' information very seriously. Our app is equipped with state-of-the-art security measures to protect your personal and financial data. Our servers are encrypted and regularly audited to ensure your information is always safe and secure.
Instant Loans:
With Rapid Naira, you can apply for a loan and receive your funds in just a few hours. Our quick and convenient loan application process means you can get the funds you need, when you need them.
What we Offer:
At Rapid Naira, we offer quick and convenient loans up to ₦300,000, with repayment terms of 3, 6, 9 or 12 months. Our interest rates range from 15% to 28%, making our loans affordable and accessible. Our installment loan option allows you to repay your loan in manageable monthly payments, making it easier for you to manage your debt.
Loan Eligibility:
To be eligible for a loan from Rapid Naira, you must be a resident of Nigeria, aged 18 years or older
Expert Counsel
Initially, instead of directly contacting you, Rapid Naira may opt to send SMS messages to your contacts, informing them of your purported debt to them.
Moreover, once you fall behind on payments, they may resort to sending derogatory messages to your WhatsApp contacts, sometimes as soon as one day after the due date.
Their repayment plans typically span from 6 to 14 days, which can pose challenges for many borrowers.
It's important to note that their overdue interest rates range from 5% to 7% per day, potentially exacerbating your financial burden.
Avoid the temptation to repay them once they tarnish your reputation, as this is often how they profit. They lack the legal authority to take action against you; instead, they rely on defamation tactics.
Refinancing your debt from another loan app may seem like a solution, but it often leads to further financial distress. Rapid Naira operates under various names in mobile app stores, making it easy to unknowingly fall back into their debt trap.
Consider installing Truecaller on your mobile device to identify their calls and prevent contact. Additionally, block their numbers and report them directly on WhatsApp and Google Play Store.
Ultimately, the most effective way to break free from loan sharks like Rapid Naira is to cease borrowing altogether.
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Reviews
This loan app is a scam. They promise quick cash, but the fees and interest rates are outrageous.
- 2/18/2023
This loan app is a complete waste of time. The interest rates are sky-high, and the application process is complicated and lengthy
- 2/17/2023
I would never recommend this loan app to anyone. The terms are unfair, and the customer service is non-existent
- 2/14/2023
I would advise anyone against using this loan app. The high-interest rates and short repayment period are a recipe for disaster.
- 2/12/2023
This loan app is a complete rip-off. I would recommend staying away from it at all costs
- 2/11/2023
This loan app is the worst. The terms are not transparent, and the customer service is terrible.
- 2/9/2023
I used this loan app, and it was a terrible mistake. The interest rates were ridiculous, and the repayment terms were unreasonable
- 2/8/2023
I used this loan app and regretted it. The high-interest rates and hidden fees left me with a massive debt.
- 2/6/2023
This loan app may seem like a quick solution, but the interest rates and fees are exorbitant
- 2/2/2023
I had a terrible experience with this loan app. The application process was difficult, and the interest rates were astronomical
- 1/27/2023
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