Read what happened after this man borrowed N44,000 from a loan app

• A Nigerian antheral has elaborate the acquisition helium had with a indebtedness institution aft helium borrowed N44,000 successful March, 2025
• According to the man, helium could not wage the indebtedness erstwhile it was due, truthful it resulted successful galore much charges connected his head
• He said alternatively of the N44,000 helium borrowed, helium paid N53,000 and an further N21,000 arsenic good for the overdue loan

A Nigerian antheral has advised radical to debar taking loans from indebtedness apps since it comes with galore complications.

The antheral made the remark connected X aft helium took a N44,000 loan, which abruptly jumped to N53,000 owed to work charges and interest.

The antheral complained astir the magnitude helium had to repay aft taking the loan. Photo credit: Getty Images/DjelicS/Joseph Egabor and X/OnyeMadu26. Man's photograph utilized for illustration only.
Source: UGC

According to Onye Madu, connected March 2, 2025, helium took a indebtedness of N44,000, which was disbursed into his slope relationship by the indebtedness app.

After the money was disbursed to him, helium realised that the magnitude helium was going to repay was N53,000 alternatively of the N44,000 helium collected. This was owed to work charges and involvement connected the money.

Man pays much than helium borrowed from indebtedness app owed to overdue charges

When the indebtedness was owed successful April, helium could not repay arsenic agreed. The indebtedness app started adding 2% charges connected the loan. But the antheral said the overdue complaint was expected to beryllium 1%.

The antheral advised radical to debar taking loans from indebtedness apps. Photo credit: Getty Images/Joseph Egabor.
Source: Getty Images

Madu said:

"At first, I was chatting with a representative. She told maine a antithetic happening wholly from their connection of percentage. She said it is 2% rollover interest connected overdue magnitude charged, portion their stated percent is 1% rollover interest aft overdue magnitude charged."

By the clip helium was capable to wage the main magnitude helium borrowed, the overdue charges had reached implicit N21,000.

He said aft paying:

"I yet paid my indebtedness contiguous of astir 44k that amounted to 53k plus. After paying disconnected my indebtedness the adjacent happening that happened amazed me."

After managing to wage backmost the indebtedness and the overdue charges, the antheral lamented that the indebtedness app tried to instrumentality him into borrowing different money, but helium resisted the temptation.

He said:

"I astir fell for the trap of getting different indebtedness without maine knowing that helium was tricking maine into taking wealth that I didn’t plan. It is precise wicked of your representatives to instrumentality citizens to instrumentality indebtedness that they’re not acceptable for."

See the station below:

Reactions arsenic antheral pays disconnected his loan

@Izuchuk25008589 said:

"The time wealth constituent oregon immoderate indebtedness level volition telephone maine to instrumentality loan. Blood spell travel connected that telephone call."

@Philips452397 said:

"This is conscionable crazy. Even aft paying backmost a indebtedness I got connected the owed date, they've refused to let maine instrumentality another, yet they were calling a 1000 times arsenic though it was adjacent up to a time overdue oregon more."

@darkpikin4real said:

"Easybuy tricked maine into collecting a indebtedness of astir 300k that I didn't need, worst is they paid it into an relationship I was owing the slope and wasn't acceptable to pay. I tried everything to halt the transaction for where! I person earned them ne'er to telephone my enactment ever again aft clearing."

Opay lawsuit shares relationship statement

In a related story, Legt.ng reported that a Nigerian man shared his slope account connection connected societal media to amusement radical however overmuch helium made successful the twelvemonth 2024.

The Opay relationship connection shows that the man, Emerienwa, made N2,045,921.53 successful 2024, but helium astir spent it all.

The connection shows that Emerienwa was debited 1268 times, and helium spent N2,045,765.13 successful the just-concluded year.

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Source: Legit.ng