Why Many Nigerians prefer loan apps over conventional bank loans

Nationaldailyng | 10-02-2025 09:35pm |

The financial landscape in Nigeria is undergoing a transformation, with more individuals opting for fintech loan apps over conventional bank loans. The shift is largely driven by convenience, speed, and less stringent requirements compared to traditional banks. While fintech companies have revolutionized access to loans, concerns over high-interest rates, short repayment periods, and lack of [...]The post Why Many Nigerians prefer loan apps over conventional bank loans appeared first on National Daily Newspaper.

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