₦airaland Forum

A Nigerian man could not contain his joy after he finally repaid a loan he had taken nearly three years ago

The young man borrowed N8,300 from a loan app in November 2022 and thanked the loan company for teaching him ‘the hard way’

He displayed a piece of information regarding the loan he had taken and the amount he repaid to the company

Jah Bless, a Nigerian content creator, has generated reactions on social media after announcing that he finally repaid a loan of N8,300 he had taken about three years ago.

The man tagged the loan company to inform them about his action and appreciated them for teaching him ‘the hard way.’

In a Facebook post, the young man displayed details of the loan he had taken back on November 17, 2022.

Amount he repaid to loan company

From the information he made public, he was expected to repay the loan by December 16, 2022. Due to his failure to pay on time, the loan accrued a penalty of N14,857.

The interest the loan accrued amounted to N1,494, bringing his total repayment amount to N24, 651. His post read:

“Dear PalmPay Nigeria I’ve just paid back the loan I took from you guys about 3yrs ago. Thanks for teaching me the hard way😑.”

People react to man’s loan amount

Nneoma Nwachukwu said:

“Hahaha I borrow from tiger loan 9k to pay back 14k a week…I know meet up next week my money don reach 21k …I leave it till they beg me to pay only 9k I borrow …. after the payment I block them.”

Oby Nwa II said:

“Nothing will ever make me take loan from them again. Took loan of 3k from them last year, didn’t make use of it and them been wan burst my phone with calls and messages. I jejely paid then and stay on my lane.”

Oloyede Sheriff Iyinoluwa said:

“In my own case, my phone got stolen and the sim I used to open the bank wasn’t registered by me so I couldn’t retrieve it.

“I don try log in plenty times dem dey send OTP to the number wey I no get again.”

Horloruntoba Abigail Gold said:

“I also borrowed 8k for one month but I actually paid them back within two weeks, though I wanted to pay the money once but it’s not working so I paid within two weeks but the interest was like 6k plus the 8k I borrowed making it 14k plus….. I was very annoyed cause I don’t understand how the interest is up to that amount within 2weeks of paying back there money because I don’t want wahala and that’s my first time of borrowing money….. I vowed not to try such again 😠.”

Ifeanyi Mimi said:

“My own is 7,800naira,

“They don tell me watin no good.

“Insulted me.

“Call me names.

“Threaten to post me all social media.”

Charles Tailor said:

“Borrowed 65k and it accumulated to over 200k.

“Money wey never reach 1yr.

“I Kuku leave am for there.”

Qoyum Adebayo said:

“I owe palmpay 15k,nd in jst 10 months after it turn 90k,,,wen someone mistakenly sent money to the acct like dis,,dem deduct the full 90k straight nah then i knew the meaning of u will learn the hard way.”

In a related story, Fox Nigeria reported that a man had cried out for help after a loan app demanded N4.9 million repayment.

Man owing loan app for years laments

Meanwhile, Fox Nigeria previously reported that a man owing a loan app for two years had cried out after redownloading the application.

This is because he found out that his debt had climbed to N1.4 million. When he noticed the amount, he took to Facebook to ask the lawyer for a solution.

A barrister advised the desperate man to sort out the loan issue urgently as it could affect his credit score and deny him many future opportunities. He further advised the debtor to visit the loan company’s office and plead to be on ‘fair ground.’

Source: https://www.legit.ng/people/1654519-man-borrowed-n8300-loan-app-finally-repays-debt-3-years-displays-how-paid/

Wahala dey for loan app money

The f ool was probably hired by Palm pay to advertise their loan offer with his scam story.
There is no where that loan amount would amount to that meagre sum after 3 years.
If Palm pay was honest they should tell other people to come out with the interest accruing to their principal sums after just months,not even years that the loan was left unpaid.
Idiot!

Wores of Loan Sharks.... I've had my fair share of it also.
I pray nothing ever majes me to borrow from loan apps again.

dawnomike:
Wores of Loan Sharks.... I've had my fair share of it also.
I pray nothing ever majes me to borrow from loan apps again.

can you help me with airtime 🙏

So na why u come dey post ur pictures.

🫤

Na body dey catch this one.. Must you post your pics ? He want start content creation.. na so them dey do

The guy na homo

ok

Do loan apps still exists, they reigned during Buhari's era. But now that the Naira is worthless I don't think people still patronize them anymore.

These days people will do or say anything just to trend

Thanks to Buhari and Tinubu

8k to 20k in 3 years. Sounds fair to me.

Real question is. Why would you borrow a business's money and disappear for 3 years?

Are you related to Satan?

Palmpay i never reach 18 years, how do yoh expect me to pay back 😫

I never pay the amount i borrow you still come dey increase am everyday... Make una dey play

Baronthecelebri:
The guy na homo

Say something positive or keep Quite

Three whole years!?
Why wait that long to repay loan?

In whatever you do, AVOID loan apps at all cost. All of them are the same

What?!

Cock and bull story.so after 3yrs 8k accumulated to 14k? Either you are a promoter or a wannabe content creator

Don't pray to have this experience. Loan apps are like police that would warn you "My friend you think I'm your friend."

In any form...borrowing is Anti covenant
God pls bless me!

What of those that have died? Who wil pay back their loans??

Na because you no trust yourself, you no dey trustworthy. Wetin be 10k that your friend can't lend you.

.

A negligible money that could be paid within months dragging up to three years?