Swipebill (nutloan)

The loan app named "Nut Loan App" is an illegal and blacklisted application in Nigeria. The Federal Competition and Consumer Protection Commission (FCCPC) has ordered its removal from app stores due to non-compliance with regulations and reports of engaging in illegal activities, such as harassment and charging exorbitant interest rates. 

Key Information

• Status: Banned/Delisted by the Nigerian government (FCCPC).
• Reason for Ban: Operation outside of the country's regulatory framework, engaging in practices like customer defamation and harassment.
• Official Warning: The FCCPC and other financial institutions strongly advise consumers to only use approved and licensed digital lending apps to protect their personal and financial information. 

It is strongly recommended that you avoid downloading or using the "Nut Loan App" to prevent potential legal and financial risks, including the misuse of your Bank Verification Number (BVN). 

nutLoan was a finance app that used to be available on the Google Play store. It was developed by Arohan Financial Services Private Limited. The APK had been available since January 2023. nutLoan was unpublished from the Google Play store May 22, 2023.
The app was unrated. The last update of the app was on January 9, 2023. nutLoan had a content rating "Everyone".