If you are reading this, it’s because you are contemplating taking a loan from Flypay, or perhaps even have, and now want to know what will happen to you should you fail to pay on your due date. Well, I’ve got bad news for you, Flypay will frustrate your life. They are a loan shark and I am sure you know what loan sharks are capable of.

What is Flypay App?

Flypay or Flypay Pro is a loan application that promises fast loans ranging from ₦5,000 to ₦600,000 that are directly deposited into the user’s bank account. Users can easily qualify for the loans without providing collateral and the application process is straightforward. The company assures users of efficient, transparent, secure, and convenient financial services through the app with no need for paperwork. It also promises users that their privacy is secured, and their information will not be shared with any third parties.

But if only the last sentence were true!

Is Flypay Approved by CBN

No, Flypay has not been approved by the CBN. They operate outside the laws governing licensed lenders which is why they use intimidation and shaming tactics to try and get back their payments. If you are harassed by Flypay or any other app, it is important that you send a report to lendersinterimregistration@fccpc.gov.ng with proofs/screenshots.

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What is the interest rate for Flypay loans?

The interest rates of Flypay like many other loan sharks are extremely high. These rates can go as high as 40% for a two-week loan. This means that if you borrow money from Flypay, you will be required to pay back the borrowed amount plus the interest charged, which can be a substantial amount.

Flypay Loan App Download

If you are interested in taking a loan from Flypay, you will need to download the app. To download the Flypay loan app, simply head over to the Google Play store or Apple iOS store and search for the name “Flypay Pro”. Once found, click the install button and then launch it to sign up.

Flypay Loan App Reviews (Nigeria)

Flypay and its sister app Lcredit work in a similar way. They try really hard to convince you to borrow money from them, and if you agree to their terms, they will put the money in your bank account.

If you pay back the loan on time, everything is good. But if you don’t pay back the loan on time, Flypay may start to harass you. They might call your friends and family and say bad things about you, and they might send you scary messages to make you pay back the money.

Read: How to Stop Loan Apps From Calling You

Many Nigerians who borrowed money from Flypay and defaulted, revealed on some groups and forums some of the threatening messages they received from the collection agents and Loan Shepherd was able to gather a few of them:

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Screenshot 197img 2 1683903229774 1Flypay loan app reviews and harrasments

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So is Flypay Legit?

It depends on the context of the question. If you are asking if Flypay is truly giving out loans, then the answer is yes they are. However, if you are asking if they are legit in terms of being recognized by the CBN, then the answer is No. Licensed loan companies do not send defamation messages to defaulter’s contacts.

So should you take a loan from them? Well, I would suggest you don’t, but then you may not listen to me anyway. So the ball is in your court.


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Many loan apps change their interest rates and repayment terms over time. Always review the terms and conditions carefully before downloading any loan app. B4loan doesn't promote any loan app, we just help you make informed decisions.

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