Loan apps are sucking demons... their greed is not of this world. How can you charge somebody 25% to 30% in one month? That is ritual money from a very strong juju. I no blame them sha, na our government and the economy I blame.
For Nigeira now, everyone is looking for ways of taking advantage of others that is why you see those kinds of wicked businesses being licensed. Conventional banks charges as low as 1.5% per month while those evil companies charge those exorbitant interest.
As much as it is possible, everyone should avoid those loan apps. It is like monkey dey work, bamboo dey chop.