"Fast Loan Apps" does not refer to a single, identifiable company but is a generic descriptor for a broad category of financial technology (FinTech) applications available on platforms like the Google Play Store and Apple App Store. These apps are designed to streamline the loan application and approval process, often promising funds within minutes or hours. They typically target individuals in need of immediate cash, bypassing traditional banking procedures. The business model revolves around charging high-interest rates and fees on small, short-term loans. Due to the nature of the market, this category includes a wide range of providers, from legitimate FinTech lenders to predatory and unregulated operators.

Founded in

Nigeria