Loansalad loan review: Is loansalad loan legit? 

Loan Salad is a personal instant loan service similarly to the Kokpineaple Loan, it claims to offers simple, fast, and safe loans. 

The loan amount can be up to NGN 50,000 with an interest rate of 10% per annum. 

Today, you’ll find out the truth behind the loansalad loan. We’ve seen cases where people ask “is loansalad loan approved by CBN” “is loansalad loan legit”. 

These are the important questions we have provided answers. We believe this loansalad review will help you in making the right loan decision at the right time.

Let’s delve in right now!

Loansalad loan review: Is loansalad loan legit?

Loansalad loan review: Is loansalad loan legit? 

Loansalad loan review: Is loansalad loan legit?

Is loansalad approved by CBN? 

As of the time this article was curated, we find out that the loan salad loan product isn’t approved by CBN and you need to note that using unapproved loan apps can carry potential risks and may not provide the necessary consumer protection measures. 

However, you may want to consider alternative loan apps that are approved and regulated by the appropriate authorities to ensure a safe and reliable borrowing experience.

We have them here, and below is just a few of them:

CreditPro Loan App Review: Reliable? (A Must Read Review)

Kobogo Loan App Review You Must See Today

Cashrun Loan App Review: Is Cash Run Loan App Legit?

Is loansalad loan app legit? 

Currently, it is difficult to determine the legitimacy of LoanSalad as a loan app. The absence of LoanSalad on the FCCPC website, as well as its absence from both the 

 and Apple App Store, raises concerns about its legitimacy. Additionally, the fact that LoanSalad is a new app with limited information available further adds to the uncertainty.

To ensure your financial safety and protect yourself from potential scams or fraudulent activities, it is generally advisable to use loan apps that are well-established, regulated, and have a proven track record. 

If you have any doubts or concerns about the legitimacy of a loan app, it is best to err on the side of caution and explore other trusted alternatives.

We’ve provided reviews for some other loan apps, you can explore them here:

Should you apply for loan?

Deciding whether or not to apply for a loan is a personal decision that depends on your specific financial situation, needs, and goals. 

Here are a few factors to consider when contemplating a loan application:

  • Assess your financial situation
  • Identify the purpose of the loan
  • Evaluate alternatives
  • Consider the impact on your credit score
  • Understand the terms and conditions 
  • Shop around for the best offer etc.

Loansalad loan interest rate

With the help of the loansalad loan interest rate calculator, you can easily find out the interest rate for the particular amount you want to borrow. 

To find out the interest rate of your loan, visit the loansalad loan website via “” and on the homepage, you will find the loan calculator, follow the prompts given to find out the interest rate on your loan.

Loansalad loan requirements

The following are the loan requirements for loan salad:

Age should be between 18 and 55

You must have a bank account

You must have a source of income

You must be ready to provide your bvn wnd required contact details e.g your friends and family’s phone numebry etc.

How to apply for loansalad loan online in Nigeria

To apply for a loan with Loansalad, it is best to visit their official website directly by searching for “Loansalad” using a search engine. 

Look for the official website in the search results and ensure that it is the legitimate website of Loansalad. Alternatively, you can click to get to the website immediately.

Once you are on the official website, you will find information about the loan application process. 

You would need to provide personal details such as your name, contact information, employment details, and financial information. 

After providing all that, choose the particular amount you want to borrow and click the apply button.

Once your loan is approved, the money will be disbursed to the provided bank account immediately. If unfortunately it’s not approved, you can try other loan apps. Some of them are the following:

Loansalad customer care phone number and email address

To contact the loansalad customer care, below are the contact options available:

Phone: 07050632659 


You have just explored loansalad loan review. If you still have any questions, please drop it in the comments section. We’ll be glad to help.


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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