Alend and Cash X Loan App Review: See How Much You’ll Repay on a ₦100,000 Loan in Nigeria (Even with Bad Credit Score)

In recent times, online loan apps have become a quick financial fix for many Nigerians struggling with urgent bills or emergencies. However, behind the promise of “instant approval” and “no credit score check,” some of these apps come with sky-high interest rates, short repayment periods, and harassment tactics that can ruin your peace of mind.

Two of the trending loan platforms often searched by Nigerians today are Alend Loan App and Cash X Loan App. Both claim to offer fast loans even if you have a bad credit history — but what they don’t emphasize enough is how much you’ll end up repaying, and what happens when you can’t meet their strict deadlines.

If you are thinking of borrowing ₦100,000 from either Alend or Cash X, this article breaks down the real cost of the loan, explains their repayment system, and provides safer alternatives that won’t put your mental and financial health at risk.

Alend Loan App – How It Works and How Much You’ll Pay Back

Alend Loan App is one of the new online lenders that promise instant cash without collateral or paperwork. According to their platform, users can get between ₦5,000 and ₦200,000 within minutes, but the repayment conditions are where things become tricky.

If You Borrow ₦100,000 from Alend for 30 Days

You’ll pay back ₦120,000, meaning a ₦20,000 interest on a 30-day loan.

That represents a 20% interest rate in just one month, which is far higher than what any CBN-licensed microfinance bank would charge for the same amount.

For 3-Month Loans

Alend charges 0.75% interest per day, which equals 22.5% per month. Over 90 days (3 months), that totals around 67.5% interest.

That means if you borrow ₦100,000 for 3 months, you’ll repay approximately ₦167,500 — not including any hidden or overdue fees. This kind of rate is extremely high and can easily push borrowers into a debt trap if they’re unable to pay back on time.

The Real Problem – Harassment and Defamation

While Alend might look like a legitimate app at first glance, many users have reported harassment from recovery agents whenever they miss their repayment date.

Their agents are known for:

• Calling borrowers multiple times a day.

• Sending threat messages and insults through WhatsApp and SMS.

• Contacting people on your contact list to defame you publicly, labeling you as a scammer or fraudster.

This kind of behavior is typical of loan sharks, even though the app claims to be registered with the FCCPC (Federal Competition and Consumer Protection Commission). However, it’s not licensed by the Central Bank of Nigeria (CBN), which raises questions about how they operate.

If an app is truly regulated, it wouldn’t engage in defamation or intimidation just to recover money. These are serious privacy violations that can cause emotional distress and embarrassment.

Cash X Loan App – High Interest and Bad Credit Approval

Cash X Loan App is another fast-rising digital lender that’s known for approving loans for almost anyone — even those with a bad credit score. The app promises quick cash and minimal requirements, but just like Alend, the repayment terms are harsh.

If You Borrow ₦100,000 from Cash X for 30 Days

You’ll pay back ₦130,000 — meaning a ₦30,000 interest within one month.

That’s a 30% monthly interest rate, which is extremely high and unsustainable for most borrowers.

While the app seems helpful for those who can’t get loans elsewhere, the truth is that borrowing at such rates can quickly spiral out of control, especially if your business or income doesn’t grow fast enough to repay.

Harassment Issues with Cash X

Cash X is notorious for aggressive recovery tactics. Borrowers who miss payments often face the same issues seen with Alend:

• Frequent calls from recovery agents.

• WhatsApp threats and insulting messages.

• Contacting friends, family, or even employers through your phonebook.

This can cause serious emotional trauma and public humiliation.

While the app may be available on the Google Play Store and Apple Store, that doesn’t automatically make it safe or ethical. Some unregulated apps find temporary ways to appear on official stores before being reported or taken down by authorities.

How to Download Cash X Loan App

If you still wish to download Cash X, it’s available for both Android and iOS users:

• Google Play Store: Search for “Cash X Loan App” and install.

• Apple App Store: Search for “Cash X Loan Nigeria.”

However, ensure you read user reviews carefully before entering your BVN, contact list access, or personal data.

How to Avoid Defamation and Harassment from Loan Apps

If you’ve ever borrowed from apps like Alend or Cash X, you already know how stressful loan recovery can be. Here are some practical steps to avoid harassment and defamation:

1. Borrow Only What You Can Repay

Don’t be tempted to take large loans you can’t manage. Always calculate how much your income can cover comfortably.

2. Pay Back on the Due Date

Repay early or on time to avoid overdue interest charges and to maintain a good repayment record.

3. Avoid 7-Day or 14-Day Loans

Short-term loans are designed to make you default quickly. Stick to longer repayment options where possible.

4. Use Truecaller or Call Filter Apps

Install Truecaller to block spam calls and messages from harassment agents. You can also report abusive messages or defamation to the FCCPC via their official complaint channels.

5. Avoid Giving Access to Contacts

If an app asks for permission to access your contact list, be cautious. This is how loan sharks get contact information to harass and defame borrowers.

Safer Alternatives to Alend and Cash X Loan Apps

If you truly need a loan and want peace of mind, there are better, regulated, and safer loan platforms in Nigeria. These are either licensed by the CBN or registered with the FCCPC and don’t engage in intimidation tactics.

1. FairMoney Loan App

One of the most trusted digital lenders in Nigeria. FairMoney is CBN-licensed, offers loans up to ₦1,000,000, and allows repayment within 60 to 180 days.

2. Carbon (Paylater)

Carbon provides flexible loans with low interest rates. You can borrow up to ₦500,000 without collateral, and the app doesn’t harass or defame users.

3. Branch Microfinance Bank

Branch is fully licensed and offers instant loans with longer tenures and fair interest rates. Their repayment process is seamless and harassment-free.

4. LAPO Microfinance Bank

A traditional microfinance institution that provides business and personal loans at lower interest rates. You can visit any branch nationwide.

5. Grooming Centre

Grooming Centre offers cooperative-style loans for small business owners and traders. Their terms are more humane, and they don’t use defamation tactics.

The Real Cost of Borrowing ₦100,000

Let’s summarize how much you’ll pay with each loan app based on the data:

Final Verdict

While Alend Loan App and Cash X Loan App offer quick cash even with a bad credit score, their interest rates are excessively high and their collection methods unethical.

If you borrow ₦100,000 from these apps, expect to repay between ₦120,000 to ₦130,000 in just one month — and possibly more if you miss the due date. These conditions make it easy to fall into a debt cycle that can harm your finances and mental health.

Before you apply, ask yourself:

Can my income or business generate enough profit to repay this loan plus interest?

If the answer is no, then it’s safer to avoid it.

Instead, use licensed apps like FairMoney, Carbon, or Branch, which offer better repayment periods, transparent interest rates, and respect your privacy.

Always remember — borrowing money should bring relief, not harassment or embarrassment.