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Nairaland Forum / Nairaland / General / Business / Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians (17523 Views)
List Of 47 Microfinance Banks Licences Revoked By CBN / ₦1 Trillion Old Notes Received By CBN, Banks - Emefiele / NDIC Shuts Down 42 Microfinance Banks (2) (3) (4)
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Horla1000: 12:03pm On Jan 27, 2022 |
Kollins11: Lolx... , the man no wan tell us wetin him see... |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Chijeep(m): 12:06pm On Jan 27, 2022 |
Callisto1:Pray that you won't fall into a situation that will make you borrow money 4 Likes 2 Shares |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by DeleTaller: 12:07pm On Jan 27, 2022 |
Esseite: Later now he too will go back to Enugu and be claiming superstar.. someone that could not explain why dollar keeps going against Naira.. He would return to Enugu or wherever he comes from to become a governor.. shior... 1 Like 1 Share |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Hoseaovo(m): 12:09pm On Jan 27, 2022 |
Please, where is the PORTAL? |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by nedekid: 12:11pm On Jan 27, 2022 |
Chijeep:Those short time loans are not meant for business, which is the mistake people make. I think I have seen it written in their agreement. It is more like a payday loan. Eg I have a credit that has not reflected in my account, and I need urgent 10k pending when the money enters. Truely what business will you do that will give you 4k on 10k in 7 days? |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by baralatie(m): 12:13pm On Jan 27, 2022 |
Aidejay: |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Chijeep(m): 12:14pm On Jan 27, 2022 |
nedekid:So you can advice someone to borrow 10k n payback 14k in 7days bcox of urgency n u can put ur hand on ur chest that the pson will b comfortable with it 1 Like |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Letshegostaff: 12:16pm On Jan 27, 2022 |
Reason why we are here. Letshego mfb offers loan to federal government workers under ippis with interest as low as 2.5%... The lowest you can get among any MFB. |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by nedekid: 12:26pm On Jan 27, 2022 |
Microfinance bank, hmmm. Unless they have turned born again. I remember when I needed 200k years back to put in my business. There was one mf bank just after you decend ijana ipaja bridge, cannot remember the name. Omo, they told me to bring guarantor, nobody gree. I finally got my paddy to follow me. After that one oh, they came to my house and took inventory of everything up to the bed in my bedroom. See embarrassment that day. Them go my office too, count everything. Lol. I practically almost signed out my life to them ontop 200k. Finally the bank officer called me to come with my guarantor to come open account and both me and my paddy will sign for the cheque that will be deposited in the account. Almight God came through for me. 2 days earlier better enter and I no longer needed the money. Rather I asked the bank officer to send me his acct details make I credit am for him efforts. Lol Long and short, you think mf bank is better? To get their loan quickly is not easy at all. To recover loan is even worse, 2am they came with police and handcuff my paddy and him wife. The very next day he sold his car to mechanic to pay the igbese. 1 Like |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Youngzedd(m): 12:27pm On Jan 27, 2022 |
Microfinance bank that give 3% per month interest, that's 36% per annum. Nigeria isn't ready for development. |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Tetrahedron: 12:29pm On Jan 27, 2022 |
Zedvance comes to mind! Scammers |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by FriendsAndFans(m): 12:29pm On Jan 27, 2022 |
Loan sharks are evil |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Adolfhitler001: 12:31pm On Jan 27, 2022 |
Na people dy cause all this embarassment to themselves wetin go make you collect loan without plans to repay back that makes you a thief na 1 Like |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by nedekid: 12:32pm On Jan 27, 2022 |
Chijeep:Read the last part of my post. I said what business will you do with 10k that will pay 4k interest in 7 days? I agreed with you that it does not make sense. Me sha I have taken 5k to send to someone that needed cash urgently and I did not have but was expecting the next day. I think I paid between 1500 and 1800 as interest. Nb: Dont take if you are not comfortable with it. But if you take, you have agreed to their terms and shoukd not complain. 2 Likes |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Tomilola360: 12:36pm On Jan 27, 2022 |
postbox: loan sharks operate from under the red sea. hopefully emefiele finds dem soon WTF |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by guychidile: 12:43pm On Jan 27, 2022 |
Okay oo. |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by 21savages: 1:10pm On Jan 27, 2022 |
jamexborn:This year is going to be the 2years i applied for that CBN/Nirsal loan and i paid almost 18k for the training and bizplan. I done cry to god and i still dey pray make the loan come.. |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Akpan107(m): 1:13pm On Jan 27, 2022 |
Aidejay:You may not understand what people are going through... The CBN governor said it so easy as if it's that simple to get loans from those SMEs he talked about. Try it and see how those people will frustrate your life with endless waiting. My elder sister collected loan from "LCredit" they ended up requested her to pay almost double of what she collected... If the government had made access to loan easy, nobody will collect loan from an organisation like #LCreadit. 1 Like |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by 123readygo: 1:14pm On Jan 27, 2022 |
Chijeep:Same thing with micro finance bank. They're no different. Needed a loan of 10m and was told that the interest rate is 30% per month and to be paid within 6months. On top of that they demanded for collateral worth over 20m. |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Olodo24: 1:17pm On Jan 27, 2022 |
Emmanuel30a:You can't blame them. Nigerians don't know how to pay debt. E be like person never owe you before 1 Like |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by armadeo(m): 1:20pm On Jan 27, 2022 |
Chijeep: That's why they are called loan sharks. Why would you collect such a loan in the first place. The entire idea is for you to fail to pay and dey jack up the profit weekly. |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by einsteine(m): 1:24pm On Jan 27, 2022 |
Akinsete19: No loan shark is approved. A few of them (Soko and LCredit) have lagos state moneylender licenses (and even then they still break the terms of the license). The rest of them are just loan sharks, no registration, no office. They buy aged and expired paper companies and use to open bank accounts to perpetrate their criminal acts. They have no affiliation with any financial institution or regulator. |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by philconsultant: 1:24pm On Jan 27, 2022 |
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Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Akinsete19(m): 1:26pm On Jan 27, 2022 |
einsteine:Oh, I see |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Jokerman(m): 1:32pm On Jan 27, 2022 |
Microfinance and commercial banks are the worst set of demons to get a business loan from.... better to use individual or collective loans.... |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by MartinsD12(m): 1:50pm On Jan 27, 2022 |
postbox:Thunder fire every loan sharks please fair money efe stop disturbing me to collect loan , palmcredit free me and others stop sending me messages to collect loan, the way these loan people pressure people to collect loans these days it's like people are no longer patronizing their business, I don't blame people this loan sharks has ruined a lot of people because their is no regulations at all they do what they like |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Stephenmoka4(m): 1:52pm On Jan 27, 2022 |
N10k to pay back N14K in 7 days. See as loan sharks are playing 1.4 odds rollover on people's head. |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Brownshoe: 1:53pm On Jan 27, 2022 |
Na wa o, country dey own, citizens dey own. God
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Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Stephenmoka4(m): 1:53pm On Jan 27, 2022 |
MartinsD12:As in eh, xcrosscash, Lcredit, Sokoloan and co. are disturbing me to collect loan. Na by force? when person collect and default shey Dem go rest. 1 Like |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by einsteine(m): 1:54pm On Jan 27, 2022 |
Both are one and the same. |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by MartinsD12(m): 1:57pm On Jan 27, 2022 |
Emmanuel30a:All loan companies are bad both branch, fairmoney etc their interest is too much , nobody should take loan from them , once nobody take loan from them their business die they comot for this country |
Re: Avoid Loan Sharks, Leverage On Microfinance Banks, Emefiele Tells Nigerians by Emmanuel30a: 1:58pm On Jan 27, 2022 |
Olodo24:But Thats Not A Genuine Reason To Use Someone Account To Obtain Loan And Transfer It To Your Account. They Are Bunch Of Despicable And Unscrupulous Fraudsters. In A Close Reaction To Your Plight,They Were Not Forced Or Compelled To Staged A Loan Lending Platform. They Did That Mainly Because Of Their Selfish Interests And Gain. Your Are Not Safe To Save Money To Loan And Digital Banking Apps Especially Branch Loan And Digital Banking. They Would Either Withdraw Your Savings To Their Account, Use Your Account To Obtain Loan And Transfer It To Their Personal Account Or Make Deposit To Your Wallet Via Your Linked Atm Card And Withdraw The Deposit To The Their Personal Account. They Are Bunch Of Reprobate Minds And Unfortunate People That Are Comfortable Going To Hell Fire! |
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