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Nairaland Forum / Nairaland / General / Business / Loan Companies Are Theifs (612 Views)
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Loan Companies Are Theifs by Heyyyy: 6:59am On Nov 07, 2021 |
How do you give someone a loan at interest rate of 40% to pay back with 7 days? Honestly do you expect anyone to pay back with such ridiculous conditions? Nigeria financial institutions need to check mate these guys that take undue advantage of Nigerians. FGN bond per year is not even up to 10%. CBN what are you guys doing? |
Re: Loan Companies Are Theifs by HarunaWest(m): 7:06am On Nov 07, 2021 |
Nope. They arent thieves, they are just doing business. They give you loan and your only security/collateral is your BVN no. Its a high risk move, so they charge a high interest rate. No one actually forces anyone to lend money from them so i don't comprehend the ruckus. There are commercial banks, microfinance banks that can also provide same services depending on your credit worthiness. 2 Likes |
Re: Loan Companies Are Theifs by DonBenny77(m): 7:35am On Nov 07, 2021 |
They are criminals |
Re: Loan Companies Are Theifs by CryptoClub2018: 8:05am On Nov 07, 2021 |
They are armed robbers including the one that supports them up there |
Re: Loan Companies Are Theifs by Theoutsider: 8:08am On Nov 07, 2021 |
DonBenny77: The one with the pen is the idiot |
Re: Loan Companies Are Theifs by Mztonya: 8:22am On Nov 07, 2021 |
Join Kuda and qualify for overdraft. Interest at only 0.3% daily |
Re: Loan Companies Are Theifs by Heyyyy: 8:26am On Nov 07, 2021 |
HarunaWest: Ordinary no one wants to take a loan if not for some critical conditions and you taking advantage of people's condition to inflate things, you are a criminal |
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