How loan apps calculate their interest rates when you pay in installments

Many loan apps claim to have “low interest rates,” but most borrowers don’t really understand how those rates are calculated when you repay in installments.

In this video, I break down how loan apps calculate their interest, hidden charges, daily interest tricks, service fees, penalties, and why you often end up paying far more than you borrowed. I’ll also explain the common tactics loan apps use to confuse borrowers and keep them trapped in endless repayments.

If you’ve ever wondered:

Why your repayment keeps increasing

Why paying in installments costs more

How loan apps manipulate interest calculations

What your rights are as a borrower in Nigeria

This video is for you.

Knowledge is your first defense. Once you understand how loan apps calculate interest, you can protect yourself from exploitation.

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