Alend Loan App is a mobile app that gives quick loans to people in Nigeria. It helps you get money fast without going to the bank. But many people are unhappy with this app because of how it treats users.
What Do You Need to Get a Loan?
To get a loan from Alend, you need:
- ID Card: Like your National ID, Driver’s License, or Voter’s Card.
- BVN (Bank Verification Number): This helps them check who you are.
- Your Phone Number and Email: You need to give your contact details.
- KYC Details: Information about your job and how much you earn.
How to Download and Use Alend Loan App?
Alend Loan App is not on Google Play Store anymore because of many user complaints. You might find it on other websites, but be careful. Downloading apps from unknown sites can be risky.
- How to Download:
- If you find the app on Google Play Store, click “Install.”
- If it’s not there, you might have to download an APK file from another site. Make sure the site is safe.
- How to Login:
- Open the App.
- Enter your phone number and get a code (OTP) to verify.
- Fill in your details like your BVN and ID.
What Do Users Say About The Loan App?
Many people do not like the Loan App. Here are the main problems they talk about:
- Rude Messages: they sends rude and insulting messages to users if they do not pay on time. Some messages even call users names like “GOAT.”
- Spam Messages: Some people receive messages from Them even if they never used the app. It seems the app takes phone numbers from users’ contact lists without permission.
- High Interest Rates: The app charges very high interest on loans. This means you have to pay back much more money than you borrowed.
Problems and Legal Issues
- Privacy Issues: The Loan App takes users’ phone contacts without asking. This is against privacy laws in Nigeria.
- Removed from Google Play: The app was banned from the Play Store because of its bad practices. It may be connected to other loan apps that were also banned in Nigeria.
- Possible Legal Trouble: Sending spam messages without permission is illegal in Nigeria. The app could face legal action if users report it.
Final Thoughts
The Loan App can give you a quick loan, but many people have had bad experiences. The app sends rude messages, has high interest rates, and may take your contacts without permission.
It is important to be careful and read all the rules before using it.
Tip: If you need a loan, consider using other trusted apps or banks with better customer service and privacy protections.
Honest Review of Alend Loan App
Rating: ★☆☆☆☆ (1 out of 5 stars)
Pros:
- Fast Loan Approval: The Loan App is known for quick loan disbursements. If you need urgent cash, it can provide a loan within minutes, especially if you meet their basic requirements (like providing your BVN and ID).
Cons:
- Rude and Unprofessional Behavior: One of the biggest complaints from users is the app’s use of insulting and threatening messages. Even when loans are not yet due, Alend often sends harsh reminders using disrespectful language. Many users report being called names like “GOAT” and “UNGRATEFUL,” which is highly unprofessional and distressing.
- Invasion of Privacy: Alend seems to have serious privacy issues. It reportedly accesses users’ contact lists without permission. This means your friends and family could receive spam messages or calls from Alend, asking them to remind you to repay the loan. This practice is intrusive and can damage your relationships.
- High Interest Rates and Hidden Charges: The interest rates on Alend loans are significantly high, sometimes amounting to double the amount borrowed within a short repayment period. Additionally, there are hidden charges that are not clearly communicated to users upfront, making it even more costly to repay the loan.
- Spamming and Unsolicited Messages: Many people who have never signed up for or used the app have reported receiving unsolicited messages offering loans. This indicates that the app might be using unethical methods to obtain phone numbers or using data from other sources without consent.
- Removed from Google Play Store: Due to numerous complaints and negative reviews, the Alend Loan App has been banned from the Google Play Store. This should be a red flag for potential users, as apps removed from official stores often have serious issues related to user privacy and security.
Final Verdict:
The Loan App may provide quick access to loans, but it comes at a high cost. The rude communication, high interest rates, and invasion of privacy are significant drawbacks.
Additionally, the fact that it has been removed from the Google Play Store suggests deeper issues with its practices.
Recommendation
If you need a loan, it might be better to consider more reputable financial services with clear terms and better customer service.
Always read user reviews and check the credibility of any financial app before sharing your personal information. For now, the risks associated with using The Loan App outweigh its potential benefits.