Loan apps in Nigeria make it easy for millions of people to access quick cash.
Sadly, many of these apps have turned out to be harmful. Some exploit borrowers with hidden charges, harassment, and even threats.
For that reason the federal government has banned and blacklisted these loan apps for breaking CBN and FCCPC digital lenders’ rules.
In this guide, we will share the 2025 updated list of loan apps banned in Nigeria, the reasons behind the ban, and safer alternatives you can trust.
What Are Banned Loan Apps?
Banned loan apps are digital lending platforms that have been removed or blacklisted by the FCCPC because of illegal activities. These apps are mostly unlicensed and unsafe for borrowers.
The Federal Competition and Consumer Protection Commission (FCCPC) is the main body in charge of regulating digital lenders in Nigeria.
While approved loan apps are the ones that have been licensed by the FCCPC, banned ones operate in secrecy, without respect for privacy or customer rights.
Why Are Loan Apps Banned in Nigeria?
Loan apps are banned in Nigeria for harassment of borrowers by calling and shaming their friends and family.
Others Banned for charging outrageous interest rates that trap people in endless debt.
And also for operating without a license from the FCCPC or the Central Bank of Nigeria (CBN).
Misuse of personal data, like contacts, photos, and private details, is one of the reasons some loan apps are banned in Nigeria.
When loan apps cross these lines, they are blacklisted to protect Nigerians.
See Also: Full list of Loan Apps Without Face Verification in Nigeria 2025
Full List of Banned Loan Apps in Nigeria (2025 Updated)
Here is the latest updated list of banned and blacklisted loan apps in Nigeria:
- Apex Lending
- Camelloan App
- Cash Door App
- CashDey App
- CashLawn App
- CashMama App
- CashMe App
- CashPal App
- Crediting App
- CreditBox App
- Crimson Credit App
- Eagle Cash
- EagleCash App
- Ease Cash App
- EaseLoan Apps
- EasyNaira App
- FairKash Loan
- FirstNell App
- FlyPay App
- Galaxy Credit App
- GetLoan App
- Hen Credit Loan App
- iMoney (Elsner Technology PVT Limited)
- iMoneyPlus – Instant
- Joy Cash – Loan Up to ₦1,000,000 App
- LinkLoan App
- Loan 300,000 Naira in CranCash
- LuckyLoan Personal Loan App
- Mama Credit Loan App
- MoneyTreeFinance Made Easy App
- Naija Cash App
- Naiaraland App
- NairaEasy Gist Loan App
- NairaLoans – Loans App
- Naira Naija App
- NairaNaija – Instant
- Nigeria Loan App
- NowNowMoney App
- Nut Loan App
- SecuCash App
- SoftNaira App
- Spark Credit App
- SwiftCash App
- WeCredit App
- XCredit App
- Yoyi App
This list will be updated regularly as new illegal apps are discovered and banned.
See Also: Full List of Loan Apps Approved by CBN (2025)
How to Identify Blacklisted or Illegal Loan Apps
Illegal loan apps comes with red flags such as suddenly disappearing on Google Play Store, or not on Google Play Store at tall.
Asking for unnecessary permissions like contacts, photos, or location, it is suspicious.
Another way to identify an illegal loan app is when the company has no office address or working customer service; it may not be real.
And you cannot find them on the list of FCCPC or CBN-approved apps; make sure to avoid that app completely.
See Also: Loan Apps Without BVN in Nigeria 2025 | Best Options
Approved and Legit Loan Apps in Nigeria (2025)
Not all loan apps are bad.
There are licensed and trustworthy apps you can use.
Examples include FairMoney, Branch, Carbon, PalmPay, etc.
These platforms are regulated, transparent, and listed by the FCCPC.
Before using any app, you should always confirm its approval status on the FCCPC official list of licensed digital lenders.
Read more: CBN Approved Loan Apps in Nigeria (2025 Full list)
Risks of Using Blacklisted Loan Apps
Borrowing from blacklisted apps can destroy your peace of mind.
They can invade your privacy by calling your contacts to shame you.
They may even threaten you with abusive messages.
Their interest rates are unbearable, leaving you with more debt than you borrowed.
Some even steal your personal data, putting you at risk of fraud.
Worse still, this loan app can damage your credit score, making it harder for you to borrow from trusted lenders in the future.
See Also: 6 Best Loan Apps with NIN in Nigeria 2025—Borrow Money with Your NIN
What to Do If You Borrowed from a Banned Loan App
If you have already taken a loan from a blacklisted app, don’t panic.
First, avoid giving them more access to your data—uninstall the app and revoke unnecessary permissions.
Second, report the app to the FCCPC so they can take action.
If you are being harassed, gather evidence (screenshots, call logs) and submit it to the regulators.
Also, protect your credit by switching to licensed platforms going forward.
Borrow only what you can repay, and avoid the trap of endless debt.
Conclusion
Loan apps can be useful, but not all of them are safe. The FCCPC has continued to ban and blacklist apps that exploit Nigerians.
Before borrowing, always check if the app is licensed and approved.
Choose only safe, regulated lenders to protect your money, your data, and your peace of mind.
See Also: 30 Best Loan App in Nigeria 2025 Review
FAQs – Banned Loan Apps in Nigeria (2025)
1. What loan apps are banned in Nigeria in 2025?
Some banned apps include NairaLoans, Joy Cash, Yoyi, EasyCredit, LCredit, ForNaira, and many others.
The FCCPC updates this list regularly, so always check for the next update.
2. How can I check if a loan app is approved by the FCCPC?
You can visit the FCCPC’s official website to view the list of licensed digital lenders.
Any app not listed there is not recognized as safe.
3. Why do some loan apps get blacklisted in Nigeria?
They get banned for harassment, illegal interest rates, lack of license, data privacy abuse, or threats against borrowers.
4. Is it safe to borrow from loan apps not listed by the FCCPC?
No, it is not safe.
If an app is not approved, it could misuse your data or exploit you financially.
5. What should I do if a banned loan app is harassing me?
Save all evidence of harassment, uninstall the app, and report it to the FCCPC immediately.
You can also block the numbers used for harassment.
6. Which loan apps are approved and safe to use in Nigeria?
Trusted options include FairMoney, Carbon, Branch, OPay, and PalmPay.
These are licensed and regulated, offering safer borrowing experiences.
