How do I know if a lender is legitimate in Nigeria?

Check if they have a CBN license, verify their physical address, never pay upfront fees, and use NairaSpot's scam checker to verify.

Which loan apps are CBN licensed in Nigeria?

CBN-licensed digital lenders include Carbon, FairMoney, Kuda, OPay, PalmPay, Branch, Renmoney, and all commercial banks like GTBank, Access Bank, Zenith Bank, etc.

Loan Scam Checker 2.0

Q: What are common loan scam red flags?

Requesting upfront fees before disbursement, guaranteed approval regardless of credit, pressure to decide immediately, no physical office, and threatening collection practices.

Protect yourself from loan scams. Verify if a lender is legitimate, check reported scams, and report suspicious activity.

Enter lender name, phone number, or app name to verify

🚩 Red Flags to Watch For

!!!Requests upfront fees before loan disbursement

!!No physical office address

!!No CBN license number displayed

!!Promises guaranteed approval regardless of credit

!Pressure to decide immediately

!!Requests access to your phone contacts or gallery

!Interest rates that seem too good to be true

!!No customer service contact

!!!Only accepts payment through unofficial channels

!Uses threatening language for collections

!!!Asks for your ATM PIN or token

!!Sends loan offers via SMS/WhatsApp without application

📋 Recently Reported Scams

QuickMoney247

47 reports • Last: 2024-12-20

Confirmed

InstaCash Loans

32 reports • Last: 2024-12-19

Confirmed

Swift Lending NG

28 reports • Last: 2024-12-18

Investigating

NairaBoost

21 reports • Last: 2024-12-17

Confirmed

FlashCash Pro

15 reports • Last: 2024-12-16

Pending

✓ CBN Licensed Lenders

Access BankGTBankZenith BankFirst BankUBAFidelity BankStanbic IBTCFCMBSterling BankUnion BankWema BankEcobankPolaris BankKeystone BankKudaOPayPalmPayCarbonFairMoneyRenmoneyBranchMoniepointSpectaAella CreditQuickCheckPalmCredit