HiFund Loan App Review [Legit or Scam?]

Many digital lenders in Nigeria lie about their interest rate, loan tenure, and the loan amount disbursed. You’ll hardly find honest ones to borrow from. In this review, we will scrutinize HiFund loans, an instant digital lender to know if it’s legit or not.

HiFund is a lending app owned by Fubri Century Co. Ltd. It is legit and fully approved by the FCCPC (Federal Competition and Consumer Protection Commission). The address is The Venia Place, Plot 8, Providence Street, Lekki Phase 1, Lagos. The website is fubricentury.net. HiFund has a CAC (Corporate Affairs Commission) registration.

Is HiFund Loan Legit or a Scam?

HiFund loan is fully approved by the FCCPC. However, HiFund as a loan app is not excellent, despite being legit. You’ll be charged 42% in loan interest to pay back in 7 days.

This app also misleads users. After registration, you may see a notification to apply for 41,000 naira loan. However, after clicking Apply, you’ll be given 10,500 naira to pay back with 42% interest in 7 days. So, you’ll be paying back 15,000.

If you borrow, when your loan is not yet due, an agent may message me about repaying the money. Some rude can be really unprofessional.

This app also forcefully requires GPS permission before you can sign up. If you value your privacy, you can withdraw this permission after.

There is no guarantee that you’ll be given this loan after submitting your BVN, NIN, etc. Even when you receive a loan, it’s something small—HiFund is known to have a small loan limit despite promising up to 150,000 naira.

HiFund is sometimes in the business of forcing a loan to people with good credit, and expecting you to pay back in 7 days with 40% as their interest. When you contact their agent about this type of issue, you hardly receive a response until it’s deadline. It’s easily the worst App in terms of customer service. They hardly also respond to messages and emails.

How Does HiFund Loan Work?

HiFund gives loans from 5,000 naira and above. Don’t install this app with the hope of collecting a loan of up to 150,000 naira as they promise—you won’t get it. This lender typically gives small loans, and takes credit history very seriously. With HiFund loan, you’ll be charged an interest rate of 42%. For example, if you borrow 10,000 naira, you have to pay back 15,500 naira.

How to Apply for HiFund Loan

  1. Download the HiFund app from the Google Play Store
  2. Open an account with your personal and bank information
  3. Submit your registration information
  4. Apply for a loan

If your loan application is approved, the money will be credited to your bank account. As for the eligibility, you have to be a Nigerian and up to 18 years old but not older than 55.

Pros and Cons


  • FCCPC approved
  • Has a CAC (Corporate Affairs Commission) profile
  • Available on Android


  • You have only 7 days to pay back
  • Automatically disburse small loan without permission
  • Not available on iPhone
  • Very high interest rate
  • Loan amount is typically very small
  • Poor customer support (typical loan shark type)
  • Contacts borrowers before due date

Is Your Personal and Bank Data Safe with HiFund Lender?

Fubri Century Co. Ltd has not had complaints about customer data abuse. However, this loan app has a history of harassing defaulters, and sometimes calling borrowers before the due date.

You can submit your personal and bank information to this loan app since it’s fully approved by the FCCPC. However, the experience as discussed in this review is likely what you’ll come across. Note that this app can view any information you share with them, and it’s up to them to treat your information according to their privacy policy.

Personal information collected includes your name, age, email address, phone number, personal description, marital status, photograph, username, NIN, and home address (such as utility bill). Bank information collected by HiFund includes BVN (bank verification number), debit/credit card number, and bank account number.

When you install the HiFund app, information collected from your device, either with your permission or no permission, includes your installed apps, device ID, device type, IMEI, GPS information, device operating system, IP address, personal contact numbers, call logs, SMS logs, Facebook friends and other social media accounts, photos, and videos or other digital content. HiFund can also contact someone in your phone list, SMS, call list, etc.


This lender is legit, and that’s because of its FCCPC license. If you can’t afford 40+% interest rate, don’t bother borrowing money from HiFund. In this review, HiFund gets a 2 out of 5 rating for high interest rates, 7 days loan tenure, and sometimes misleading borrowers about their loan amount.

Read Also: Rocket Loan Application

Leave a Reply