Naijaloan Review; Is This Legit or Another Scam Yet Again?

Naijaloan Review; Is This Loan site Legit or Another Scam Yet Again? This Naijaloan Review will help you find out what works.

  • Disclosure; The links in this post are from our sponsors, we are letting you know because that is what honest Abe would do after all he is on our favorite coin.

Update on Naijaloan Review

As @ April 6, Naijaloan Is no Scam,, Naijaloan pays.

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

About Naijaloan

NaijaLoan review

NaijaLoan is a member to member lending platform.

Members join with just N1,000 & can earn up to N120,000 monthly by upgrading their loan amounts.

S47, Lekki-Epe Expressway, Ajah, ibeju Lekki, Lagos, Nigeria.

Naijaloan Review

Naijaloan have great options to start making money online instantly.

Check out the images below to get more details on how to make money on this platform.

The platform Naijaloan was launched on 21st March, 2020 and currently (as at 12th April, 2020) has 7000+ actively earning members with over 95% of members in Level one,

4% in Level two

Less than 1% in Level three

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

None in Level 4, 5 and Level 6 at the Moment.

On your Naijaloan’s dashboard, You will get to see the number of currently registered members, numbers of payments made (activated account), including the levels they are currently. You will also see Contact Support and lots more…

How Naijaloan Levels Works?

Naijaloan has only six levels on its platform, as members can activate on the platform starting from any level.

Almost newly members starts with the first level with N1000.

There are two options for registered Members on Naijaloan,, It’s either you lend or you borrow.

I don’t know how “The borrowing” option works,, I’m interested in the lending option because that’s where you will make money online on Naijaloan.

Naijaloan Levels (Naijaloan Review)

NaijaLoan review

  • Level 1

This is the default level for all members. You’ll have to pay N1k and get N5k within one day which you can withdraw or use to upgrade to level 2.

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

  • Level 2

You’ll have to a pay N5k to upgrade to level 2 and get N10k in 2 days which you can withdraw or use to upgrade to level 3.

  • Level 3

To upgrade to level 3, you’ll have to pay N10k and get N20k within 4 days which you can withdraw or use to upgrade to level 4.

  • Level 4

On this level, you’ll have to pay N20k and get N40k within 6 days which you can withdraw or use to upgrade to level 5.

  • Level 5

To upgrade to level 5, you’ll have to pay N40k and get N80k within 10 days which you can withdraw or upgrade to level 6.

  • Level 6

This is the highest level. You’ll have to pay N80 to upgrade to this level. Naijaloan will give you N120k within 10 days.

That’s how it works.

How does Naijaloan lending work?

As we said, all members on Naijaloan are lenders and borrowers at the same time.

That means, whenever you give a loan, you are also borrowing from the platform. So let’s say you give a loan of N5,000 (on level 2), you will get N10,000 back (the N5,000 you gave + N5,000 interest). But at the same time, it means not only are giving a loan of N5,000, you are also borrowing N10,000.

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

You are confused right? Don’t worry. It will get simpler.

Here is the scope. You gave a loan of N5,000 in order to get N10,000 right? That’s right. You will get your N10,000 without stress. But whenever you upgrade (let’s say from level 2 to level 3), you will have to pay back the N10,000 you are owing the platform (that N10,000 we said you borrowed). And that N10,000 you paid will upgrade you to level 3, where you will get N20,000 in return.

So in other words, you paying N10,000 to move from level 2 to level 3 means you have paid back the money you borrowed & you are also giving a new loan at the same time.

In summary, whenever you give a loan on NaijaLoan, you are borrowing & lending at the same time.

What happens when my loan isn’t refunded?

Whenever you give a loan, you are actually lending to the platform.

That means the whole community will be responsible for the loan. If one member fails to pay, other members will be directed to pay you.

When i give loan i am also borrowing, why?

“You said whenever I’m giving a loan, I’m also borrowing. If I refused to pay back the borrowing aspect, will I still get back the amount I loaned + interest?”

Like we said before, if you give a loan of N5,000, you will get N10,000 back (and you are also borrowing N10,000). The N10,000 you will get back is a guarantee. Whether you paid the money we said you owed or not, you will always get the amount you loaned + the interest.

It’s only when you are upgrading that you will pay back the N10,000 we said you borrowed. And by paying it back, you will also get N20,000 (the loan you gave + interest).

Are you confused?

What we mean is that if you do not upgrade, then you are not owing us (the community) any money.

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

And if you upgrade, not only are you paying back the money we said you owed us, you are also giving us a loan at the same time.

How can #1000 turn #120,000 in a month?

NaijaLoan operates what is called a Progressive Level System. And this is what enables your N1,000 to turn to N120,000.

Check below for how the progressive level system works.

Naijaloan Affiliate program

NaijaLoan review

They also give you commissions (in percentages —15%) if you invite a new member with your affiliate link and that’s really ok.

Check them out here

At the moment of publishing this review, I have chosen the least level of getting N5000 with N1000 in 24hr – 48 hours just to try them out.

After successful payment and activation, I decided to let you guys know about this new make money online program called Naijaloan.

Don’t forget, when you join early in schemes like this, you have a better chance of raking up some free cash,, because obviously, it will crash one day.

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

Click To Sign Up Right Now

Remember, this is my honest review on Naijaloan. I will keep you updated on the latest on Naijaloan.

Update on Naijaloan Review Again

As @ April 8th, Naijaloan is paying and paying swiftly…

Be quick to register and activate immediately you’ve been merged to pay someone.

Update on Naijaloan Review Again

As at April 10th,,

Naijaloan Level 2 is the booming and the best Level,

Level 1 is paying but not as quick as level 2,,

Sign Up Now

Naijaloan terms of service (Naijaloan Review)

By joining NaijaLoan, you agree to these:

  • You will not try to perpetrate scam.
  • You agree to return any money paid to you in error.
  • You will not threaten the admin or participants of this platform.
  • You will obey all the rules of NaijaLoan and adhere to it.

Privacy Policy for NaijaLoan

At NaijaLoan, accessible from https://naijaloan.com, one of our main priorities is the privacy of our visitors. This Privacy Policy document contains types of information that is collected and recorded by NaijaLoan and how we use it.

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

If you have additional questions or require more information about our Privacy Policy, do not hesitate to contact us.

This Privacy Policy applies only to our online activities and is valid for visitors to our website with regards to the information that they shared and/or collect in NaijaLoan. This policy is not applicable to any information collected offline or via channels other than this website.

Consent

By using our website, you hereby consent to our Privacy Policy and agree to its terms.

Information we collect

The personal information that you are asked to provide, and the reasons why you are asked to provide it, will be made clear to you at the point we ask you to provide your personal information.

If you contact us directly, we may receive additional information about you such as your name, email address, phone number, the contents of the message and/or attachments you may send us, and any other information you may choose to provide.

When you register for an Account, we may ask for your contact information, including items such as name, company name, address, email address, and telephone number.

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

How we use your information

We use the information we collect in various ways, including to:

  • Provide, operate, and maintain our webste
  • Improve, personalize, and expand our webste
  • Understand and analyze how you use our webste
  • Develop new products, services, features, and functionality
  • Communicate with you, either directly or through one of our partners, including for customer service, to provide you with updates and other information relating to the webste, and for marketing and promotional purposes
  • Send you emails
  • Find and prevent fraud

Log Files

NaijaLoan follows a standard procedure of using log files. These files log visitors when they visit websites. All hosting companies do this and a part of hosting services’ analytics. The information collected by log files include internet protocol (IP) addresses, browser type, Internet Service Provider (ISP), date and time stamp, referring/exit pages, and possibly the number of clicks. These are not linked to any information that is personally identifiable. The purpose of the information is for analyzing trends, administering the site, tracking users’ movement on the website, and gathering demographic information.

Cookies and Web Beacons

Like any other website, NaijaLoan uses ‘cookies’. These cookies are used to store information including visitors’ preferences, and the pages on the website that the visitor accessed or visited. The information is used to optimize the users’ experience by customizing our web page content based on visitors’ browser type and/or other information.

Advertising Partners Privacy Policies

You may consult this list to find the Privacy Policy for each of the advertising partners of NaijaLoan.

Third-party ad servers or ad networks uses technologies like cookies, JavaScript, or Web Beacons that are used in their respective advertisements and links that appear on NaijaLoan, which are sent directly to users’ browser. They automatically receive your IP address when this occurs. These technologies are used to measure the effectiveness of their advertising campaigns and/or to personalize the advertising content that you see on websites that you visit.

Note that NaijaLoan has no access to or control over these cookies that are used by third-party advertisers.

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

Third Party Privacy Policies

NaijaLoan’s Privacy Policy does not apply to other advertisers or websites. Thus, we are advising you to consult the respective Privacy Policies of these third-party ad servers for more detailed information. It may include their practices and instructions about how to opt-out of certain options. You may find a complete list of these Privacy Policies and their links here: Privacy Policy Links.

You can choose to disable cookies through your individual browser options. To know more detailed information about cookie management with specific web browsers, it can be found at the browsers’ respective websites. What Are Cookies?

CCPA Privacy Rights (Do Not Sell My Personal Information)

Under the CCPA, among other rights, California consumers have the right to:

Request that a business that collects a consumer’s personal data disclose the categories and specific pieces of personal data that a business has collected about consumers.

Request that a business delete any personal data about the consumer that a business has collected.

Request that a business that sells a consumer’s personal data, not sell the consumer’s personal data.

If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us.

GDPR Data Protection Rights

We would like to make sure you are fully aware of all of your data protection rights. Every user is entitled to the following:

The right to access – You have the right to request copies of your personal data. We may charge you a small fee for this service.

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

The right to rectification – You have the right to request that we correct any information you believe is inaccurate. You also have the right to request that we complete the information you believe is incomplete.

The right to erasure – You have the right to request that we erase your personal data, under certain conditions.

The right to restrict processing – You have the right to request that we restrict the processing of your personal data, under certain conditions.

The right to object to processing – You have the right to object to our processing of your personal data, under certain conditions.

The right to data portability – You have the right to request that we transfer the data that we have collected to another organization, or directly to you, under certain conditions.

If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us.

Children’s Information

Another part of our priority is adding protection for children while using the internet. We encourage parents and guardians to observe, participate in, and/or monitor and guide their online activity.

NaijaLoan does not knowingly collect any Personal Identifiable Information from children under the age of 13. If you think that your child provided this kind of information on our website, we strongly encourage you to contact us immediately and we will do our best efforts to promptly remove such information from our records.

NaijaLoan payment proof

Use this link to verify the payments.

Hey! Need to make money online? We can guarantee making N10,000/$30 weekly on Investospeed. Read full review here and signup here.

Leave a Reply

Your email address will not be published. Required fields are marked *