If anyone had told me I would be at the mercy of loan sharks this time last year, I would most likely injure the fellow.

Loan/debt is not good but sometimes it is not avoidable especially if you have to consider all those inspirational motivations....loans is the reason why some people are able to fight on otherwise they could just give up altogether.

So for those boasting about not liking loan or ever running into debt, I guess it will be wiser to keep seeking for the grace and mercy never to be tempted beyond your human strength.

Having said that, my foray into the loan world have made me realised that there are just two types of loan sharks; first are the real business conscious companies and second are the purely evil, greedy and insensitive dupers.

My intention here is simple and it is to celebrate by reviewing the good loan apps and exposing the evil loan apps who are specialist in constantly camouflaging under different names.

Please bear with me as I may have to update this thread at my place which may turn out slow.

However, three of the best loan apps so far are:

1. Fairmoney --- this guys are God sent and whoever is behind the operations of the company deserves constant prayer. My first loan with them was 40,000(to pay back 51000) @17000 per month for three months. They even have provisions to defer payment at extra little cost if you feel you can't make the repayment date.This is the kind of app you keep for very important moments and projects. Don't abuse it!

2. Newcredit: This guyz too are great. Got a loan of 19000 to pay back 23,500 within 14days. I feel this is nice. They have been to my aid twice now.

3. Okash: As for okash, all I would say is that their interest rate is quite low with a 14days repayment period. That is quite laudable

I will update as much as I can. But then, please never go for any loan if you do not have at least one source of income either as a salary earner or a trader.

RUN FROM THESE APPS:

ADDMONEY (AIMMONEY) & AJELOANS

You will find a screenshot of their loan terms belows. I consider it evil and insensitive.

I am looking for a loan of 100k to complete my rent. ADDMONEY approved 15000 but will pay 11000 into my account and I will still have to pay back 16000. Which means that I will pay back a money that I was never given. No matter what, THIS IS A BAD and TERRIBLE LOAN. Even if you can pay back(which I can) never take such loans because you are the grand loser. Same also applies to AJELOANS.

Screenshot below

Let's hear your own opinion too.

Share with us your experience with these loan apps.

Never take any loan if you don't have a source of income. Taking loans doesn't solve your problems, it only postpones them.

No matter your situation, never take any loan with high interest rate. The best loan app with the most humane interest rate at the moment is Okash. Don't abuse the platform

Only take what you need and that you know you can pay back within the repayment schedule

Never take lightly the need for you to have an exit strategy for any loan you take. Getting out of a loan circle may not be so easy without a proper strategy and focus