₦airaland Forum

gnykelly:
when you build a bank... you are free to dole out loan to everyone since your socialist brain is always seeking for charity

Nigerians will surely abuse the system if it's put in place. That's why they only give loans to people with good financial credit rating like business owners and salary earners. Nigerian will collect loan for business and use it for wedding, burial and different types of frivolous things and in the end they will not be able to pay it back.

Queenext:
Yes, LAPO and grooming.

they do only business people not students

stanleyravos:
which stadium road, portharcourt or lagos

Ilorin...kwara st.

ecobank gives student loan this i am sure of

SmallmebigGod:
Do you mean the real student loan?. The one that funds your education and then you pay back gradually when you start working?
I doubt if anyone can set that up in Nigeria

Unforseen circumstances (unemployment in Nigeria) is a setback to initiating such institution.

Kobicove:
Out of all the friends you have ever lent money to in Nigeria what percentage actually bothered to repay the loan?

If you can answer the question honestly then you have the answer to why Nigerian banks don't give student loans!

It is not flesh and blood that revealed this to you my G

[quote author= post=85540876]There was a thread we read couple of months ago about how so much easy it is for people generally to get loans in Nigeria by just a click on your phone, (No collateral!)

Many people did not believed it until people started dialing the code that the OP of the thread put it, and they were shocked when they started receiving real money in their bank account, some people got as much as #100,000 (One hundred thousand naira) under 3 mins!

One of the people that call the country and President unprintable names on a daily basis (a confirmed wailer) requested for 100K, they gave it to him also (cos he testified on this said thread) He said he was given #96,000 to pay back #100,000 in a month or so.

And trust Nairalanders/Nigerians, many still came to the thread asking about how they can scam the company and run away ,with the loan, that how will they traced them?(God punish them all!)

The thread is still somewhere here, too early in the morning to start searching now, but hopefully someone should come across it or we come back to search for it when sleep commot for eyes.

And may everyone bad Nigerian that wants to get the free loan without paying back or to scam the company be blind before they see the thread!

No be curse,
Na FACT OF LIFE!



See ya in a bit OP![/quote]Please have you finally found the thread? Can you show me the link?

Skmoda360:
Pls if you know any orphan in any public university who is at the verge of dropping out because of financial difficulties, tell such person to send his or her mail to: *inspirationafrica@yahoo.com*

Please you people should stop circulating the rubbish scam text!

realwiz1:
Try renmoney, thank me later

He doesn't have a job yet, how do I expect him to pay back monthly...

That y still no matter what, I still respect Hausa way of doing things..
Get an account with Islamic bank.. You get loans with zero rates of interest.

Fast and easy

BareFacedLies:
Please you people should stop circulating the rubbish scam text!

Ok sir

realwiz1:
Try renmoney, thank me later

Wicked.

Nigeria used to have Students' Loans during our parents' era in the 1970s (and maybe 1980s)...
But virtually NOBODY ever paid back their loans, and the FG agency probably didn't bother either.

During our parents' time, apart from university being mostly tuition-free (only boarding was paid for)....
Nigerian students got loans, bursaries, foreign and local scholarships and subsidized/free education (medical school was about N84).

They really "enjoyed" the benefits of oil boom...
And many of them (like my parents) used that education to leave Nigeria!
>

DeejaywonDJ1:
Nigerians will surely abuse the system if it's put in place. That's why they only give loans to people with good financial credit rating like business owners and salary earners. Nigerian will collect loan for business and use it for wedding, burial and different types of frivolous things and in the end they will not be able to pay it back.

Nigerians already did (before many of us here were born)...
There used to be Nigerian students loans in the 1970s, and the present generation is paying for their near-UNIVERSAL defaults!
>

Queenext:
Yes, LAPO and grooming.

Lie lapo only gives to traders and maybe contractors, I’ve been to the branch in zone 6.

Queenext:
Yes, LAPO and grooming.

Tell me about this LAPO