Urgent10k Loan App Review

We know that some fast loan apps are not just worth it, even when they may be heavily regulated in Nigeria. So, in this review, we will be looking at Urgent10k. You probably came across their ad or a recommendation online. But here’s the thing; Urgent10k loan app is legit but not perfect.

Urgent10k is legit because it is fully approved by the FCCPC (Federal Competition and Consumer Protection Commission) under UGT Technologies Limited. As the name of this app implies, their typical loan benchmark is 10,000 and other smaller amounts. They sometimes even ridiculously give 500 naira loans to borrowers. There are just a few more to note about this app, and this review covers most of it.

Urgent10k Loan App Review: is it Legit?

Urgent10k loan app review

The first impression you’ll get about Urgent10k is that this app is a total waste of time and data. But is this really the case? To an extent, yes. Otherwise, this app does what it promises—give small loans to people.

One thing you have to give it up for Urgent10k is that they actually respond to reviews, including the negative ones. We’ve reviewed a lot of loan apps in Nigeria, and many of them have a tradition of ignoring complaints. This one is a bit different but not 100%.

User reviews about about Urgent10k are generally not good but this lender is not terrible. So, if you are going to obtain a loan here, you should lower your expectations.

Now, the major problem with Urgent10k is too much personal information is required even for loans as little as 5,000 naira. Of course, the explanation will always be that “it’s to prevent fraud”. Plausible, if you ask.

It’s also ridiculous how you’ll request a loan, and Urgent10k will give you only 500 naira as your eligible amount. This happens to a good deal of borrowers. So, if Urgent10k qualifies you only for 500 naira, don’t be surprised.

How Does Urgent10k Loan App Work?

At least, if there’s something Urgent10k does, it’s giving small loans. A lot of times, you’ll obtain the loan faster if your credit history looks promising. If you don’t have a good one, then getting a loan here can be extremely frustrating.

How this loan app works is simple, and similar to most local loan apps in Nigeria. But most importantly, you have to be more than 21 years old with a regularly paying job.

Urgent10k lists a monthly interest rate of 3%, which adds up to an annual rate (APR) of 36%. Well, this isn’t the case, especially with smaller 7-day loans. Most of the time, the interest rate can be somewhere around 10% or higher.

For example, if you borrow 10,000 naira, for 60 days at a monthly interest rate of 2.86%, you’ll pay back 572 naira in interest. So, you’ll return N10,572 in total after 2 months. This is just an example and not the actual rate.

How to Use Urgent10k App

  1. Download Urgent10k from the Apple or Google app store.
  2. Create an account with your personal information, including your BVN. You’ll also be required to take a picture of your face.
  3. Request for a loan.
  4. If this loan request is approved, Urgent10k will credit the amount to you.

It’ll be a mistake if you have high expectations. That’s because Urgent10k is not perfect. In the end, you may or may not qualify for a loan. Sometimes, the amount of loan you qualify for will be smaller than you actually need.

Pros and Cons


  • Available on Google Play Store and Apple Play Store.
  • It has a web app, so you can access your account from a browser.
  • Urgent10k is fully approved by the FCCPC.
  • Friendly user interface.


  • Requires too much personal information on registration.
  • Loan disbursement is not instant.
  • This app has bugs and crashes often.
  • Even after the lengthy review process, you may still not get a loan, no matter the small amount you request.
  • Very low loan limit.
  • It requires your selfie.
  • Urgent10k charges 50 naira for card binding, even before the loan application.

Is Urgent10k Loan App Safe?

There are no reports of customer information abuse about this lender. However, you can’t be 100% certain how safe your information is with Urgent10k. Urgent10k collects different types of personal information, including name, address, email, phone number, age, username, password, and bank account information (such as bank verification number or BVN). Urgent10k also requires a description of yourself and a photo of your face.

When you install this app, it will collect information about your device, including the type, IMEI number or serial number, SIM card information, the operating system of your device, browser, location, and time zone.

This lender can also check what’s stored on your device, such as your contacts, call and message logs, social media accounts, financial apps, and photos and videos. If you allow Urgent10k to access your GPS, it’ll use it to track your location.

The concerning part is that this lender can collect information from your phonebook, including names, numbers, and when you added them. However, Urgent10k promises that this is only required to know your creditworthiness.

Well, the good thing is that you have the right to withdraw your consent at any time. Urgent10k’s privacy policy states that just by uninstalling the app, it automatically erases your information. This may not be a correct claim. If you wish, you can contact them directly to permanently delete information about you, as long as you are not owing this lender.

If you think you have been treated unfairly, don’t forget to report Urgent10k to the FCCPC. Have you had the best or worst experience using Urgent10k? Let others know in the comment section.

Read Also: Flexi Cash Loan App Review

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