Some loan apps have recently been identified as fraudulent and removed from the popular play store. Zuma Cash happens to be one of them.
In this post, we will show you some legit loan apps that are better of than zuma cash that will give you peace of mind.
What happened to zuma cash?
Zuma Cash has faced significant scrutiny due to its unethical practices. Reports indicate that the app sent defamatory messages to users’ contacts before the repayment deadlines, causing distress among borrowers.
In response to such practices, the Federal Government intensified its enforcement against illegal online money lenders. This crackdown led to the shutdown of several unlicensed loan apps operating without proper registration and engaging in consumer rights violations.
As a result, Zuma Cash was among the loan apps banned in Nigeria. Users are strongly advised to avoid engaging with Zuma Cash due to its fraudulent activities and consistent violations of customer data privacy.
Given these developments, it’s crucial for individuals to exercise caution when selecting loan applications. Opting for reputable and licensed financial institutions can help ensure a safer borrowing experience.
Zuma cash alternatives
1. One notable alternative is Branch, a widely used loan app in Nigeria with over 10 million downloads. Branch offers loans without collateral, and its eligibility assessment is based on smartphone data. Users have rated the app 4.5 out of 5, reflecting a positive user experience. You can download branch app from play store
2. Another option is FairMoney, a digital bank that provides instant loans up to one million naira. In addition to lending services, FairMoney offers bank accounts and debit cards. The app has received a 4.2 rating from users, indicating general satisfaction. Fairmoney app is available on Google play for download
3. Carbon is also a viable choice, operating as a CBN-licensed digital bank offering loans, investment opportunities, and standard banking features like debit cards. The app has garnered a 4.3 rating from users, suggesting a favorable reception.
Final Note
These three loans are better alternatives to Zuma cash. Again be careful while try2to find zuma cash app to avoid downloading fraudulent apps. Always avoid apps that are not from Reputable app stores.
When considering these alternatives, it’s crucial to review their terms, interest rates, and user feedback to determine the best fit for your financial needs. Always ensure that the loan app you choose is reputable and transparent in its dealings.
