While it is true that a lot of fraudulent people now use fraudulent loan lending apps and website as a platform to disguise as a helping hand, it is absolutely impossible to be scammed by just sharing your BVN.

It is, however, important to know that the major reasons loan facilities would request for your BVN is to make the loan application process easier (so you won't have to input your bank and contact details during the process) and to also have an accurate information on whether the person applying for a loan is not on an existing unpaid loan and would be able to pay back the loan to be borrowed.

It is also important to confirm if the loan facility or app you want to lend from is licensed and accredited by CBN, and this you would find on their website. For financial institutions like Page Financials that gives personal quick cash loans of up to N5, 000,000 to salary earners living in Lagos you can be assured that your information is safe and would not be shared with a third party.

However, the only way you could be scammed by sharing your BVN is that the information (like your contact details, the name of your bank) on your BVN can be used to get other vital information from you. Scammers could use the information like contact details on your BVN to send you messages like this: 'Your bank account has been blocked, please send your pin and password to unblock your account'.
They would even go as far as telling you the name of your bank so you can believe it. This is when you have to be smart and remember never to share your pin and password with anyone over a text message, DM, email, or phone call.
If you get such messages, visit your bank and verify if the message was from them.

If you would like to get a quick cash loan from a registered, licensed and accredited loan facility in Lagos, just visit Page Financials.

Stay Woke people!