inoki247:



My limit too is like 2m buh as I see the 1m interest rate i just ran back to my Bank overdraft at least doz one still dey du me well...

And the worst part if you've like some huge money with u and u feel like you want to keep it with them....


if u see what dey pay as intrest on ur money u will fear God after ripping people taking loan u no fit pay people investing well....


Imagine make 10m no fit guarantee you 100k monthly as an investor in dere app

10mil no fit even give you 50k self... This guy's are thieves.. even if you put that 10mil for fixed deposit. .e still no go give you 100k monthly as interest

Atiku and APC are one and the same instruments of ethnic domination and oppression.
Know this and have a better, United Nigeria!

MrNice04:
it now Tinubu and APC that has been in power for 7yrs can, anyone that falls for APC foolishne.ss this time is a confirmed mutula, if you aren't getting financial gains from APC and if you're not a tribalist or Muslim supremacist there's no single reason to vote APC




Atiku is coming

The ad is worth it. I have just downloaded the Fairmoney app

A good source of advertisement and awareness. Some will want to join after hearing this.

datola:
Why are they celebrating... Are they supposed to abscond with the money

Since I know this people my eyes dey see shege

Ddworld:


In a sane clime. All these guys would have been behind bars.

Why?

The thing they hint money this days can make somebody faint

Henix:
Profit from loan shark business. Imagine charging someone up to 70% interest rate for 6 months spread loan

You have option not to take the money.
If they see people are not taking their loans because of high interest rates, they will be forced to reduce the rate or close shop.
But do not complain about their rates should you decide to collect it. Take loans from family and friends interest free.

inoki247:
This Fairmoney people just get blood for eyes dem no dey fear God....


I no know where dem dey see dere rate from imagine dem say dem wan borrow 1m for a year use am return 2m which kain loan be that.....

is that not rebranded slave trade.....

I believe they are not forcing you to take the loan!

Lexit:

I believe they are not forcing you to take the loan!

And did I tell you I'm been forced or I don't av right to say my view so far my bank Overdraft is derr that's enough for me....



Buh u giving out outrageous loan intrest you should be able to also pay me outrageous intrest if I'm to invest my money with ur platform...

You can't be ripping people and expect me the investor to be taking crumb....

inoki247:



My limit too is like 2m buh as I see the 1m interest rate i just ran back to my Bank overdraft at least doz one still dey du me well...

And the worst part if you've like some huge money with u and u feel like you want to keep it with them....


if u see what dey pay as intrest on ur money u will fear God after ripping people taking loan u no fit pay people investing well....


Imagine make 10m no fit guarantee you 100k monthly as an investor in dere app

That's usually the problem with them. They take a lot in the form of interest, but give back little or nothing to those that save with them.

Meanwhile, their operating costs are not as much as the commercial banks who have hundreds of branches across the country.

Which bank do you get overdrafts from??

Neduzze5:


That's usually the problem with them. They take a lot in the form of interest, but give back little or nothing to those that save with them.

Meanwhile, their operating costs are not as much as the commercial banks who have hundreds of branches across the country.

Which bank do you get overdrafts from??

Access bank gives Overdraft even if isn't a salary account so far you run the account so well....

And the interest isn't killing...

inoki247:



Access bank gives Overdraft even if isn't a salary account so far you run the account so well....

And the interest isn't killing...

Yeah, but the amounts to individual accounts are pretty low. Below 500k

Their greatest undoing is restricting their app to google playstore. Imagine not being able to use Almighty Fairmoney on the AppStore for IPhone users

nedekid:

Why?

They are working against economy development through their operation.

Their interest on loan is unheard of. More than 100% pa in most cases. No economy will develop with such inhumane interest on loan.

If the Nigerian government is doing nothing, Nigerians should make sure they take such loan and never pay back. If they can't get their money back, they will much likely fold up.

You might be one of their loyalist, I don't care. Everybody in the world knows most small businesses survives through soft loans which directly opposite to what they do. They are loan sharks which is considered illegal. Any Nigerian paying back their loan is just fooling themselves because it can never be sustainable.

Thank you

Really

Ddworld:


They are working against economy development through their operation.

Their interest on loan is unheard of. More than 100% pa in most cases. No economy will develop with such inhumane interest on loan.

If the Nigerian government is doing nothing, Nigerians should make sure they take such loan and never pay back. If they can't get their money back, they will much likely fold up.

You might be one of their loyalist, I don't care. Everybody in the world knows most small businesses survives through soft loans which directly opposite to what they do. They are loan sharks which is considered illegal. Any Nigerian paying back their loan is just fooling themselves because it can never be sustainable.

Thank you

If interest rates on their loans are high, you feel the best solution is to take the money and not pay back so they will fold up and that will help the economy?
I think that is what is called "theft", stealing. Who ever does that is simply a criminal.
I thought rather if you feel the interest rate is high, the gentlemans thing to do is to walk away. Don't take their loans, and if nobody takes the loans the company either reduces it or chooses to fold up.
Once you take your hand, spend your data, download their app, see the offer, then click on the accept bottom without anyone holding a gun to your head, you must keep to the agreement and pay when due.
What if they decide to make things difficult by making sure you provide some sort of collateral 10 times the value of what you collect eg you want 10k you have to drop of your TV worth 100k at an approved collateral receiver. Will you then be talking of collecting money and then complaining interest rate is high when it is time to pay?
Anyway the alternative is to take loans from family and friends or go apply to your regular bank.