A Review: Why OxLoan Pro Loan App is Shady

We know that all you really need is some loan to take care of business. As such, you need a lender who will lend the exact amount they promise. Let’s say the loan app says 300,000. If they pay the exact amount without limits and are truthful about the interest rate, that’s an honest and reliable lender. Unfortunately, some lenders are fond of lying about their loan limits. This review will scrutinize OxLoan Pro. Is OxLoan Pro loan app legit or is it just another lender with false adverts and paid influencers? We’ll find out.

OxLoan Pro is a lending app owned by Singularity Technology Nigeria Limited. OxLoan Pro is fairly legit because it is fully approved by the FCCPC (Federal Competition and Consumer Protection Commission) but still very shady in its activities. The address is Ososa St, Oworosoki 105102, Lagos, Nigeria. The website is oxcredit.live. They also manage oxcredit.co.

Is OxLoan Pro Loan App Legit?

Oxloan Pro Loan App review

Yes, OxLoan Pro is fully approved by the FCCPC. However, it doesn’t mean that this loan app is perfect. First, don’t be fooled by fake reviews and false ads that make claims you will never experience. OxLoan Pro’s idea of offering loans is welcomed but some of its activities are shady and questionable.

This lender, through its staff, will encourage people to take a loan and repay in 2 hours to be able to access more after that. Unfortunately, this is the beginning of a bad customer experience.

OxLoan Pro charges about 50% in loan interest and wants you to pay back within 6 days. In addition to the interest rate, if you default on this loan, OxLoan Pro will add approximately 10% interest each day you fail to pay back. Now, that’s predatory.

This lender’s app also has the reputation of forcing a loan on people who do not need it so that OxLoan Pro gets to prey on your funds.

Let’s see examples. If you borrow 19,200 naira, you’ll have to pay back 30,000 naira in 7 days. What OxLoan Pro loan does is that you’ll be credited for just clicking to review how much loan you can get.

Now, another major problem with OxLoan Pro is that the app will display a loan amount of 30,000 naira. However, when you apply for this loan, OxLoan Pro will disburse only N19,200 naira to pay back 30,000 naira in 6 days. Anyone would be upset by this practice, and it’s unfair to borrowers. For every overdue day, you’ll be charged an additional 1,500 naira—this is extremely predatory.

OxLoan Pro also has a reputation for contacting borrowers before the due date with unprofessional messages.

Also, if you apply for a loan that is approved but has not been disbursed into your account, OxLoan Pro will still go ahead and display the loan on your dashboard that you are owing the said amount of money, even if your bank confirms that no such money entered your account. It seems that OxLoan Pro manually manages the disbursement, and they are very inaccurate with the management which ends up reporting false customer data.

How Does OxLoan Pro Work?

OxLoan Pro gives loans from 2,000 naira and above. If you install this app with the hopes of collecting a loan of up to 300,000 naira with a long loan term, that’s giving you false hope. This lender typically gives small loans only.

OxLoan Pro promises a maximum interest rate of 16 to 30% per year with loan terms of up to 91 to 365 days. All false. What you’ll experience is loan interest of up to 40% or more, with up to 10% of daily interest if you exceed your due date.

So, if you ask for a loan of 10,000 naira, OxLoan Pro will likely give you 6,000 naira to pay back 11,000 naira. OxLoan Pro takes interest up front, as such, it does not disburse the complete loan amount.

How to Use OxLoan Pro Loan App

  1. Download the OxLoan Pro 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. Unfortunately, you won’t be given huge loans by this lender.

As for the eligibility, you have to be resident in Nigeria and more than 20 years old.

Pros and Cons


  • OxLoan Pro actually gives a loan.
  • Available on Google Play Store.
  • FCCPC approved but fairly legit.


  • OxLoan Pro is a loan shark.
  • Not available on the Apple App Store.
  • The loan review process takes too long.
  • Extremely high interest rates.
  • The loan term is not as advertised. Rather, you typically have only 6 days to repay your loan.
  • Unprofessional and unhelpful customer service.
  • Loan amount is very small.
  • Disturbs borrowers before the due date.
  • OxLoan Pro takes interest up front and, as such, does not disburse the complete loan amount.
  • Loan approval is slow.

Is Your Personal and Bank Data Safe with OxLoan Pro Lender?

Singularity Technology Nigeria Limited has not had any major customer data abuse reports. However, you cannot trust this loan app with your personal and bank information.

Now, let’s talk about the information it collects. 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 OxLoan Pro includes BVN (bank verification number), debit/credit card number, and bank account number.

When you install the OxLoan Pro app, information collected from your device, either 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. OxLoan Pro lender can also contact someone in your phone list, SMS, call list, etc.

It’s up to you to make this decision. OxLoan Pro app may not be a perfect loan app but one thing they can sometimes do is actually give loans, even though they can sometimes be shady.


This app is fairly legit because of its current FCCPC status. However, OxLoan Pro is a shady and misleading loan app with false ads. If you can’t afford the high-interest rates, don’t bother borrowing money from them. In this review, OxLoan Pro gets a 1 out of 5 rating.

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