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Pasa Loan Review: Is It Legit?

By Oluchukwu Ikemefuna

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You are at that point when you need some extra financing, but you don’t know which options to explore. The dilemma that comes with trying to make a choice when you have a plethora of options can be really challenging. But rest assured, you are not alone.

In this piece, we hope to aid in your decision-making process by scrutinizing a particular loan app, known as the Pasa loan app. Are you considering the Pasa loan app option but unsure of the legitimacy of the app? In this Pasa loan review article, we will provide all you need to know to make an informed choice.

By the end of this piece, you will have garnered enough information to help you determine whether the Pasa loan app is worth giving a try or not. We will also highlight other areas such as whether Pasa loan app is legit or not, Pasa loan eligibility criteria, Pasa loan application, and other useful information about the Pasa loan app. Rest assured, you are on the right page for the information you need. Now, simply pay attention as we walk you through this guide. Let’s talk about the Pasa loan app.

Pasa Loan App

Before we delve into the Pasa loan review, let us familiarize ourselves with the loan app itself. Goharvest International Limited owns the Pasa loan app, a mobile lending platform. Pasa offers loans to users without any collateral.

All you need is to meet some basic requirements, after which you need to apply for a loan. After your loan application is submitted, it will be reviewed, and if your application is approved, the loan will be disbursed to your account. In the subsequent section, we will highlight some features of the loan app.

Also Read: Top 10 Online Banking Apps in Nigeria 2024

Features of the Pasa Loan App

  • It offers loans up to N300,000.
  • It gives a minimum loan of N2000.
  • It provides a flexible repayment option between 91 days to 180 days.
  • It is a secure and reliable loan app.
  • It doesn’t require any collateral or paperwork to approve loans.
  • It has no transaction fees.
  • It has no rollover charge.
  • It has no hidden fees.
  • With this app, users can increase their loan limit and also decrease their interest rate by paying their loans on time or completing some delegated tasks.

How to Obtain a Pasa Loan

To obtain a Pasa loan, follow these procedures:

  • The first step is to download the app, of course. But before that, you need to ensure that your device meets the hardware requirements. Also, make sure you have enough storage space on your device before initiating the download process; 1 GB of free space is recommended. By the way, the app can be downloaded on the Google Play Store, and you can confirm other download intricacies on the same platform.
  • Now that you have the app on your device, the next thing you want to do is initiate your loan application process. But just before that, you need to create a user account on the app. So, go ahead with that first.
  • Fill out your basic information accurately and hit the submit button. Before you hit the submit button, make sure you vet the accuracy of the information you provide.
  • Here is the interesting step—where you apply for a loan. Apply for a loan amount that is available to you.
  • Wait for the approval process.
  • If your loan is approved, the loan amount you requested will be disbursed to your account. There is no upfront payment. You will get exactly the amount you have requested.

Also Read: Best Loan Apps with Low Interest Rate in Nigeria

Pasa Loan Interest Rate and Eligibility Criteria

Pasa loan offers an interest rate between 4% and 24%. Here is an excerpt from Pasa loan app’s description that gives a breakdown of the interest rate:

-Loans interest rate:4% to 24%,Equivalent monthly interest 4% to 4.7%,the annual percentage rate (APR) on a Pasa loan is 24%~56%.
-Example:If you choose a 6-month loan and borrow NGN100,000,Pasa charges an interest rate of 4% per month.Borrow NGN interest rate:24% and the APR is 48%.180 days repayments of NGN24,000.Total amount payment is NGN124,000.

To be eligible for the Pasa loan:

  • You have to be resident in Nigeria.
  • You have to be between the ages of 18 and 60.

Pasa Loan Review

Before proceeding with any review, the first question to ask is whether the Pasa Loan app is legit. Well, the answer to that is a resounding yes. Pasa Loan is one of the mobile lending apps that are fully approved by the Federal Competition and Consumer Protection Commission (FCCPC). So, yes, it is a legitimate app.

According to its description page, Pasa loan app claims to offer 24/7 customer support service. They can be reached at gossipbuyce@gmail.com

Also, this app has 100k plus downloads, 15.3k reviews and a rating of 4.6 star on the Google Playstore as of the time of crafting this piece. Just because we bring everything to a wrap, let’s see some of the reviews users have made about the app.

Also Read: Update on NIRSAL Loan: Application Procedure, Requirements and How to Check with BVN

Pasa Loan Review: Positive and Negative reviews from users on the Google Playstore

Negative Reviews

“Good morning. On the 27th of January 2024 I requested for a loan which didn’t go through but later on 28 I saw a dashboard showing that a sum of #13820 to be paid back. I have tried calling the numbers both online and Whatsapp on the app but no avail. Please I did not get the money and I will not pay for what I didn’t get. I came here to make it known to u guys”

“After being debited for binding bank card, still got rejected. Been applying for long and all they keep saying is “loan rejected, apply again in the next 20days”. I don’t really know if I should say it’s a scam app, but it’s really unreliable”

“I think it now we have to let the government know this app is scam it has to be investigated can you imagine I didn’t apply for a loan because they told me i have to bind my card then I stop and leave the next thing is different alert from different app that i saw i try called their number it was switch off then I sent message on watsap no reply , now I started seen different messages from them . Step as to be taken now”

Positive Reviews

Pasa loan is a very good app their processing and disbursement are excellent but am having an issues on Loan Naira on pasa loan app l have made my repayment through card payment but the loan is still showing on the app, instead of showing loan settle it is still showing Normal loan please rectify this problem and clear off my loan. I have send message to your WhatsApp number with proff of my payment but no response. I am giving 4star because of this repayment issues”

“This is a Good loan application, a mobile loan software, very good, simply and clear. It’s worth downloading a lot of software, borrow money fast and fast n load.”

“So far so good the app has been easy to go through and no stress. Still hoping the loan gets approved though. Fingers crossed”

“It was good and easy to operate. Keep it up. I was happy when I discovered the app and it describes it’s self well. My.”

“Straight and smooth registration. Good app , interest is still reasonable and duration.”

“This is a nice loan application.. i will recommend it.. Loan application easy but the interest rate is kinda high… Please work on it.”

Final Thoughts

Whether or not you want to opt for this app is totally up to you. But with the provided information, such as the approval process, application process, interest rate, eligibility criteria, features of the app, real-life customer reviews, etc., you should be able to make an informed choice.

If you found this piece useful, kindly follow us on X or Twitter @SiliconAfriTech for seamless access to other interesting reads that will leave you wanting more.

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Oluwajuwon Oladiti
Oluwajuwon Oladiti

Oladiti Oluwajuwon is an ardent reader and a voracious writer who is passionate about informing the public with first-hand, authentic information. His writing expertise has spanned over 5+ years, an odyssey that began in 2018. Over the years, he has crafted pieces across multiple domains, including religion, education, politics, and tech. There are two principles at the core of his writing: information must be genuine and accurate, and there is nothing erudite about speaking in terms people don't understand. While maintaining technicality, messages must be passed in a way that resonates with the readers.

Oluwajuwon is also a software engineer who specializes in backend development with Python, and he has an unwavering passion for music, pop genre especially.

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