Trust loan

You need to be very careful of a platform linked to Trustloan.store. Fact-checking organization Africa Check identified this as a scam targeting Nigerians .

The Hook: Scammers promote a site called "Credit Money" on Facebook, claiming they offer loans with "No BVN registration" and "No access to your contact list" to lure users .

The Trap: The site redirects to "trustloan.store." During the application, they ask for full debit card details, including the 16-digit number, CVV (the three-digit code on the back), and PIN .

The Danger: Providing this information gives scammers complete access to empty your bank account. Legitimate loan apps never ask for your PIN or CVV .

Short FAQs about the "Trust Loan" App in Nigeria

Q1: Is there an official app called "Trust Loan"?
There is no single official app with that exact name. The term refers to a few different things:

NeoCash (by Shepherd Trust Microfinance Bank) .

A scam website (Trustloan.store) pretending to be a loan app .

A separate app on the Play Store called Trusty .

Q2: How do I know if a "Trust Loan" app is legitimate?
A legitimate app will never ask for your debit card PIN or the CVV (the 3 digits on the back of your card) . Always check that the app is published by a registered Microfinance Bank (like Shepherd Trust MFB) on the official Google Play or Apple App Store.

Q3: What are the interest rates for these apps?

NeoCash (Shepherd Trust): Representative 30% APR (can go up to 120% depending on risk) .

Trusty: 5% interest flat rate (Approx 30-40% APR) .

Q4: Which "Trust" loan app has the highest borrowing limit?
NeoCash allows you to borrow up to ₦5,000,000, which is significantly higher than Trusty's ₦200,000 limit .

Q5: What should I do if I see an ad for "Trust Loan" on Facebook?
Be very cautious. Fact-checkers have flagged ads for "Credit Money" linking to Trustloan.store as a scam designed to steal bank details. Do not click on links from social media promising "loans without BVN" .