Naijaloan Login: you can access your account on Nijaloans.com using the precise login procedure in this post. Also, learn how the loan service works.
Despite the impressive sequence of loan credits Naijaloan offers, unspecified source of Naijaloan company funds raises dust. Prospective clients wonder if the platform is legit or not.
As it happens, the anonymous status of Naijaloan operators does not help matters. Reportedly, a member of the forum can ascertain more information on registering with the platform. But we’ve not ascertained the truth of this claim.
Regardless, you can learn about the Naijaloan Login steps in this post.
Note that any implication of our post promoting Naijaloan is purely assumed, as we are do not promote the website.
Naijaloan Login: Overview
Naijaloan Login: with the login procedure, a client of Naijaloan can grow his downlines to a requisite threshold for the promised 15% ROI from the company.
Naija offers affiliate programs and accompanying referral compensation structures. The payment model and affiliate packages are not visible on the website, though. Moreover, clients report that they do not receive the monthly 15% caps.
On a first visit, the Naijaloan website looks like a blog. Well, don’t bother checking a second time since it remains constant. So, the website merely contains some articles explaining CRC Credit Bureau periodicals.
The Naijaloan website does not indicate who runs the platform. It does not contain any details of loan securities that Naijaloan offers clients. All Naijaloan customers need to do is take the company’s words for a voucher on loan investments. Why? Because the company is unregulated.
See the next section of this Naijaloan Login post for more information about the loan levels on the platform.
Another tip-off to the lack of an investment framework on Naijaloan is the doubling sequence of loan credits.
Based on the Naijaloan lending model, a member of the Naijaloan Forum can borrow twice the amount of his deposit. Reportedly, a member can borrow up to 120000 Naira in one day. See the hierarchy works in the list below:
Deposit 1000 Naira for Level 1 _ works for one day, with accompanying 5000 Naira loan credit.
Deposit 5000 Naira for Level 2 _ works for two days, with accompanying 10000 Naira loan credit.
Level 3 (10000 Naira deposit) _ earns you a loan credit of 20000 Naira for four days.
Level 4 (20000 Naira deposit) _ earns you a loan credit of 40000 Naira for six days.
Also, deposit 40000 Naira for Level 5 _ earns you a loan credit of 80000 Naira for ten days.
Finally, an 80000 Naira deposit for Level 6 qualifies you for a 120000 loan request.
You can see from the list above that the loan credits merely double arbitrarily. It is no surprise since there is no business behind Naijaloan at all. Debt brokers often trade derivative securities to sustain their lend/borrow cycle. Without a stated trading model on Naijaloan, clients are merely queuing for a fledgling Ponzi scheme.
See how you can sign into the platform in the following section.
You can use the following Naijaloan Login steps to access your account on the platform.
- Go to the official website.
- Find the login/sign-in option at the top of the Homepage.
- Click on Login
- Then enter your email address and username.
- Also, retrieve your password and write it in the specified blank space.
- Finally, click on Sign-up/Login.
Additionally, the Naijaloan website runs a parallel blog to its affiliate program. As many reviews online point out, major issues on the platform are its lack of regulation, undisclosed investment, and lack of information about its admin.