Man seeks way out as loan app tells him to repay N4.9 million, shares amount he took from them

• A Nigerian antheral who borrowed wealth from a indebtedness app is seeking a mode retired aft helium was informed that his full repayment magnitude is N4.9 million
• The frustrated antheral shared the magnitude helium had borrowed from the indebtedness app, saying helium was successful a concern of beingness and decease astatine that time
• Outrage has trailed the repayment magnitude the indebtedness app is demanding arsenic radical offered him imaginable solutions

An unidentified Nigerian younker has turned to societal media for assistance aft a indebtedness app told him helium is to repay N4.9 million.

@john322226, an X idiosyncratic known for calling retired fake punters and raising consciousness connected the dangers of gam.bling, posted the man's entreaty connected the level aft helium received it successful his inbox.

A antheral seeks assistance to offset his indebtedness repayment of N4.9 million. Stock photo. Posed by model. Photo Credit: Mediaphotos, Joseph Egabor, X/@john322226
Source: Getty Images

Amount of indebtedness antheral took

@john322226 was blown distant that the indebtedness app demanded a payback involvement of N3.2 cardinal for a indebtedness of N1.7 million, adding that they refused the man's petition for liquidation. He wrote:

"Wow!!!😳😳 indebtedness app gave him 1.7m naira to wage backmost involvement of 3.2m naira which means full repayment is 4.9m😱😱he took this abnormal woody due to the fact that helium was successful a beingness and decease situation.he wants to wage present and asked for liquidation and they refused."

A antheral needs assistance aft indebtedness app demanded a repayment of N4.9 million. Stock photo. Posed by model. Photo Credit: Da-kuk, X/@john322226
Source: Getty Images

Details connected man's N1.7 cardinal loan

According to the connection the antheral sent @john322226, helium took the N1.7 cardinal indebtedness retired of desperation.

"I collected 1.7M and the repayment magnitude is 4.9M. The involvement is 3.2M I needed that wealth truthful urgently arsenic astatine that clip my encephalon wasn't functioning well," the antheral explained.

A screenshot of the indebtedness details from the indebtedness app showed the indebtedness duration was 18 months, and the antheral had taken the N1.7 cardinal indebtedness to make his business.

The indebtedness pricing was pegged astatine 191.0%, bringing the full repayment magnitude to N4,947,000.

See man's tweet below:

Reactions way indebtedness app's N4.9 cardinal demand

@Leklek125 said:

"Jesus that indebtedness is beingness and decease indeed, I ne'er spot the concern you volition that wealth and capable to repay 4m successful 18month."Just effort and instrumentality their 1.7m and rest."They are besides a thief."

@TheBoyFromDelta said:

"Why judge specified indebtedness statement successful the archetypal place, the involvement complaint is excessively precocious 191% that's similar paying 200% arsenic interest, duration of the indebtedness made the involvement magnitude outrageous, helium collected it for a twelvemonth and 6months, but the involvement is excessively much."

@shankz77 said:

"Why isn’t anyone noticing that helium took that wealth to wage backmost successful 18 months, that’s wherefore the full involvement is that high."Even if they springiness him astatine 10 per month, 170k times 18 months is 3million."It really adds up successful my opinion."They ain’t ripping him disconnected arsenic overmuch arsenic y’all think."

@fobecyril said:

"If not wickedness archer maine what it is. Very inhuman owners, state is hard yet you choking people."

@Cyrusthagoat said:

"Lmfao, they person presumption and conditions. "You ignoring the presumption and conditions due to the fact that you were successful a "life and death" concern is not their fault."While the involvement is extravagant. "They were wide astir the what you volition beryllium returning earlier you borrowed it."You were ne'er forced!!"

@IamV1CTOR said:

"How bash you indebtedness idiosyncratic 1.7m and expect 4.9m successful return? That’s not a loan, that’s fiscal wickedness. People are already struggling halt turning desperation into exploitation."

@Shomite said:

"Since the indebtedness app chooses to beryllium greedy and selfish, thing volition marque maine wage the loan. "If them similar marque them station my noodles picture."

In a related story, Legit.ng reported that a barrister had shared however Nigerians could study indebtedness apps that disturb them and falsely usage their photos.

Man who playfully borrowed N10k cries out

Meanwhile, Legit.ng antecedently reported that a young antheral who playfully borrowed N10k from a indebtedness app had cried retired implicit the repayment magnitude helium was given.

According to the Nigerian youth, it was his archetypal clip borrowing money connected the indebtedness app, and helium did not expect specified a repayment figure.

He lamented that helium was searching for idiosyncratic to stock the wealth with. His station stirred mixed reactions online.

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Source: Legit.ng