Full List: FCCPC releases new list of approved loan app firms by CBN and their apps

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.’

The newly released is more detailed after adding apps each firm owns under its approval list.

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 had been 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.

The apps under the FCCPC watch list include:

Getloan

Joy Cash-Loan

Camelloan

Cashlawn

Nairaloan

Eaglecash

Moneytreefinance

Made Easy

Luckyloan, and Cashme.

Swiftkash,

Hen Credit

loan Nut loan,

Cash door

Cashpal

Nairaeasy gist loan

Swiftcash

Easynaira

Secucash

and Creditbox-Africa.

According to the Chief Executive Officer 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

GETLOAN

CAMELLOAN

JOY CASH-LOAN UP TO 1,000,000

NAIRALOAN

MONEYTREE

FINANCE MADE EASY

LUCKYLOAN PERSONAL LOAN (NIZ SERVICES LIMITED)

CASHME

EASYNAIRA

CREDITING

1HEN CREDIT LOAN (ORANGE LOAN AND PURPLE CREDIT LTD)

1NUT LOAN

CASH DOOR

CASHPAL

NAIRAEASY GIST LOAN

SECUCASH

CREDITBOX-AFRICA

SWITFCASH

SWIFTKASH APP

EAGLECASH APP

MONEYTREEFINANCE MADE EASY APP

WIFTKASH APP

HEN CREDIT LOAN APP

CASH DOOR APP

JOY CASH-LOAN UP TO 1,000,000 APP

EAGLECASH APP

LUCKYLOAN PERSONAL LOAN APP

GETLOAN APP

EASELOAN APPS

XGO FINANCE LIMITED XCREDIT

NAIRA NAIJA

IMONEYPLUS-INSTANT

NAIRANAIJA-INSTANT

NOWNOWMONEY

NAIJA CASH

Loan apps licenced by CBN

GREENBOND FINANCE COMPANY LIMITED

BAINES MICROFINANCE BANK LIMITED

KONDO MICROFINANCE BANK LIMITED