Full List of FCCPC, CBN-Approved Loan App Companies and Their Apps
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a list of newly approved loan apps The list contains names of 154 companies operating loan companies in Nigeria after deleting the initial list for a ‘clean up.’ The commission also gave provisional approval to about 40 loan app firms and placed 20 under a watchlist.
The Federal Competition and Consumer Protection Commission (FCCPC) has issued a new list of 154 companies granted full approval to operate loan apps in Nigeria.
Earlier, the FCCPC delisted the approved companies for ‘clean up.’ After adding apps each firm owns under its approval list, the newly released list is more detailed.
FCCPC places 20 loan apps under a watchlist.
The list of the apps associated with the firms will let the customer identify the companies behind the app they use and also reduce incidents of app duplicity by the companies.
The FCCPC also said other companies were given conditional approval, bringing the total loan companies approved by FCCPC to 194.
The complete list contains names of 154 fully approved firms and 40 with conditional approval.
The commission revealed that it had put 20 loan apps suspected of engaging in unethical practices under its watchlist.
1. Getloan
2. Joy Cash-Loan
3. Camelloan
4.Cashlawn
5.Nairaloan
6. Eaglecash
7. Moneytreefinance Made Easy 8.Luckyloan, and Cashme.
8. Swiftkash,
9. Hen Credit loan
10.Nut loan,
11.Cash door
12.Cashpal
13.Nairaeasy gist loan
14.Swiftcash
15.Easynaira
16.Secucash
17. Creditbox-Africa.
FCCPC frowns at Google for allowing unapproved apps on Play Store.
According to the director general of the FCCPC, Babatunde Irukera, many unapproved loan apps are still available on Google Play Store, despite an agreement with the tech company that they should be deleted.
He said the Commission would continue to engage with Google to explain how and the reason the apps are still on the app store.
The FCCPC boss said that compliance with the Guidelines of all DMLs, whether or not they want to be placed on Playstore, operate via APK file formats, or any other means.
He stated that failure to comply with the Guidelines violates the law and renders their operations illegal.
List of approved loan apps.
1. GETLOAN
2. CAMELLOAN
3. JOY CASH-LOAN UP TO 1,000,000 4. NAIRALOAN
5. MONEYTREE FINANCE MADE EASY 6. LUCKYLOAN PERSONAL LOAN (NIZ SERVICES LIMITED)
7. CASHME
8. EASYNAIRA
9. CREDITING
10. 1HEN CREDIT LOAN (ORANGE LOAN AND PURPLE CREDIT LTD)
11. 1NUT LOAN
12. CASH DOOR
13. CASHPAL
14. NAIRAEASY GIST LOAN 15..SECUCASH
15. CREDITBOX-AFRICA
16. SWITFCASH
17. SWIFTKASH APP
18. EAGLECASH APP 29.MONEYTREEFINANCE MADE EASY APP
19. WIFTKASH APP
20. HEN CREDIT LOAN APP
21. JOY CASH-LOAN UP TO 1,000,000 APP
22. EAGLECASH APP
23. LUCKYLOAN PERSONAL LOAN APP
24. GETLOAN APP
25. EASELOAN APPS
26. XGO FINANCE LIMITED
27. XCREDIT
28. NAIRA NAIJA 29.IMONEYPLUS-INSTANT 30.NAIRANAIJA-INSTANT 31.NOWNOWMONEY
29. NAIJA CASH.
Loan apps licenced by CBN.
Full List: FG releases names of illegal loan apps, asks Google to delete them.
Earlier, Legit.ng reported that the Federal Competition and Consumer Protection Commission (FCCPC) gave loan apps five days to prove that they operate within the set guidelines governing the industry or be deleted and sanctioned.
FCCPC also asked Google to remove the 18 loan apps from Playstore for violation of its guidelines.
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