XcrossCash Loan Blog

Many people are being scammed by loan apps pretending to be legitimately created for the good of the people.

With over a hundred loan apps on Google play store in Nigeria alone, how can one know which loan app is legitimate and which is only there to scam you?

That said, here are our 3 best tips to protect yourself from phishing and scamming apps pretending to be loan apps.


1 – They have no registered developer names.

This is among the easiest way to identify a scam or phishing loan app. They use the name of the owner of the Gmail account instead of a registered developer name.

When you see this, you should avoid such loan apps. They are more likely scams.

2 – They have no addresses or contact information

Often times, some apps on development may not have an address or contact information, while they may not likely be scams, there is a high chance.

For a loan app to be duly registered, it’s required to have it’s contact information displayed. When you do not see one, avoid it.


3 – They have no social media handles.

A legitimate app will always find a way to grow. This includes running adverts, engaging in community management and engaging future and present customers.

When next you wish to take a loan, you should consider searching Facebook, Instagram and Twitter for your select loan apps’s handle, if you’re unable to find this, you’re very likely dealing with a scam loan app.

Thread carefully!

So these are our best tips for you, but you know what’s even better?

Getting a loan from a verified and trustworthy loan app like Xcrosscash.

To get a loan simply visit the Google Play store and download the Xcrosscash app.