I needed some cash to add to my book business so I can get my printing press to make enough copies at a go. It's cheaper than going from time to time.

Now, because I'm a bit cash-trapped, I decided to use one of the loan apps and I needed a100k but after registration and all they only approved 60k because it'my first time, with an interest rate of 17, 700 for 3 months tenor.

Is this not too much?

Below is the registration process. Its just for me to click and the money will be disbursed but I paused it to come and ask for your opinions.

Seun please I need a wider view.

You guys should say something na. Haba!

Should I go ahead or not.

Mynd44
Lalasticlala

Blessedmercy8:
You guys should say something na. Haba!

Should I go ahead or not.

Mynd44
Lalasticlala

which loan app bro

17,820 in 3 months, for 60k loan is okay. Go ahead and take it.

A friend collected 120k from fairmoney, to pay 34840 monthly, for 6 months. That's much. So yours is good

Barbiturate:
17,820 in 3 months, for 60k loan is okay. Go ahead and take it.

..

Barbiturate:
17,820 in 3 months, for 60k loan is okay. Go ahead and take it.

A friend collected 120k from fairmoney, to pay 34840 monthly, for 6 months. That's much. So yours is good

It's the same thing. The longer the tenor, the higher the interest rate.

If I choose 6 months tenor, it will get to 30 something thousand too.

KiNg0G:

which loan app bro

Easybuy cash loan.

Blessedmercy8:


It's the same thing. The longer the tenor, the higher the interest rate.

If I choose 6 months tenor, it will get to 30 something though too.

Its not the same. With the rate they gave my friend, check it, 60k for 3 months. That's like 44k interest

Barbiturate:


Its not the same. With the rate they gave my friend, check it, 60k for 3 months. That's like 44k interest

Yes, his rate was higher because he spread his payment over a period of 6 months. If he had Shorten it to three months, he would have paid less. But the amount they are charging is high for that three months cos it's short. That's my worries.

Blessedmercy8:


Yes, his rate was higher because he spread his payment over a period of 6 months. If he had Shorten it to three months, he would have paid less. But the amount they are charging is high for that three months cos it's short. That's my worries.

Even if it was for 3 months, it would still be higher than yours. Its your choice to take or leave it. I've given you my own advice

Barbiturate:


Even if it was for 3 months, it would still be higher than yours. Its your choice to take or leave it. I've given you my own advice

Hmm .. ok.

The issue is not just about collecting loan but how to repay.

Good enough you are putting it into a reasonable investment.

However, if the profit you'll make on that 60k is assured and greater than 17,700 by 2 or more within 3 months then it's worth collecting.

My 2 cents

Blessedmercy8:


Easybuy cash loan.

but they didn't give me cash loan..
only to buy phone

Shey na this one

KiNg0G:
but they didn't give me cash loan..
only to buy phone

They now give cash loans. At least you can see pic evidence I posted.

I'm just one click away but still weighing the interest rate with other apps that's why iv not clicked plus I needed 100k, not 60.

Barbiturate:
17,820 in 3 months, for 60k loan is okay. Go ahead and take it.

A friend collected 120k from fairmoney, to pay 34840 monthly, for 6 months. That's much. So yours is good

Lol, what are you saying It's the same thing, just *2.

Blessedmercy8:


They now give cash loans. At least you can see pic evidence I posted.

I'm just one click away but still weighing the interest rate with other apps that's why iv not clicked plus I needed 100k, not 60.

I'm there on the app bro..
no loans.

how did you do it

KiNg0G:
I'm there on the app bro..

Do you see anywhere they wrote cash loan 100,000? Then withdraw.

I'm not a guy.

KiNg0G:
I'm there on the app bro..
no loans.

how did you do it

Hold on.
Hope they still have your account details with them.

KiNg0G:
I'm there on the app bro..
no loans.

how did you do it

Something like this.

Its showing 60k now after I registered cos thats what I'm eligible for but before it was 100k that was there.

Go to any of the phone slots and meet any of their agent to help you open the account and fill in your bank details again but tell them it cash loan you want, not phone. They will help you do it with ease. Make sure it the easybuy agent you meet o.

Blessedmercy8:
Seun please I need a wider view.

You take it or leave it. Its still an offer until you click accept.

Blessedmercy8:

Do you see anywhere they wrote cash loan 100,000? The withdraw.
I'm not a guy.

can I have your number, it's obvious I'm not a vip..
let's split that 60k and pay the interest together.

Blessedmercy8:

Hold on. Hope they still have your account details with them.

have you linked your bank card?

KiNg0G:

have you linked your bank card?

Yes I have.

KiNg0G:

can I have your number, it's obvious I'm not a vip..

let's split that 60k and pay the interest together.

You try o. Make I give you when I hardly know you. So I'll now bear double gbese when you default.
The 60k gan no reach me. Planning to go to any slot around to see if the agent can help work it up to a 100k.

Go and meet them bro.

Abokiherbal:

You take it or leave it. Its still an offer until you click accept.

Yes but I need to know if it's worth it or there are other better options.

Blessedmercy8:

Yes but I need to know if it's worth it or there are other better options.

Have you tried to ask your family or friends for 100k loan. They may even borrow you with no interest rate in as much they see you as credit worthy. Your elder sis or twin sis can help you out too. You never can tell

Blessedmercy8:

Yes I have.



You try o. Make I give you when I hardly know you. So I'll now bear double gbese when you default.
The 60k gan no reach me. Planning to go to any slot around to see if the agent can help work it up to a 100k.

Go and meet them bro.

check im one of the high prominent figures here on nairaland.

king0G everyone knows me

Abokiherbal:
Have you tried to ask your family or friends for 100k loan. They may even borrow you with no interest rate in as much they see you as credit worthy. Your elder sis or twin sis can help you out too. You never can tell

If you read one of my posts, you'll see where I narrated how my twin went disclosing something's about me to my elder sister who used to help me and that one now refused to help this time around when I went to her. That's why I'm going for loan app. if not, I've never collected loan from loan app before.

Though my elder sister has really tried for me. I'm not angry with her.

KiNg0G:

check im one of the high prominent figures here on nairaland.

king0G everyone knows me

The point is, the 60k no do me. If it was up to 100k, I would have agreed to do something but with stringent form of repayment.

That is, you give me your bank card details, your house address and your village address join in case of anything. Lol..

Blessedmercy8:


You wen don abuse me for here with my former account? Haha! I no fit shout abeg.

The point is, the 60k no do me. If it was up to 100k, I would have agreed to do something but with stringent form of repayment.

That is, you give me your bank card details, your house address and your village address join in case of anything. Lol..

lol.
well I was just tempting you to see if you agree to trust a stranger.
would have surprised with an alert of the sum you need...to pay at your own stipulated time
no interest.

anyways have a nice day.

KiNg0G:
lol.
well I was just tempting you to see if you agree to trust a stranger.
would have surprised with an alert of the sum you need...to pay at your own stipulated time
no interest.

anyways have a nice day.

Hahahahaha.. na so!

You can still surprise me.

faithfull18:

Lol, what are you saying It's the same thing, just *2.

X2 is 35k. My friend's is 44k. Its not d same. Lol