Nigerian Lady Shares Shocking Experience After Borrowing ₦16,000 From Loan App

Nigerian Lady Shares Shocking Experience After Borrowing ₦16,000 From Loan App

A Nigerian lady has sparked massive reactions online after revealing how a ₦16,000 loan she took from a loan app allegedly ballooned into a repayment demand of ₦365,000.

In a TikTok video posted by @drannymodesa7, the young woman captured the moment a representative from the loan company called her, insisting she must repay the money immediately. Visibly distressed, she explained that she only borrowed ₦16,000 and was shocked to discover the repayment had skyrocketed far beyond the original amount.

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“Make una help me o. I borrowed 16k and it’s now 365k,” she lamented in the viral clip.

The video has since drawn thousands of reactions, with many Nigerians flooding the comment section to narrate their own difficult encounters with online loan apps — from outrageous interest rates to aggressive collection tactics.

While the exact reason for the massive increase in her repayment amount remains unclear, the incident has reignited conversations about predatory lending practices and the urgent need for stronger regulation of digital loan platforms in Nigeria.