Top 4 Loan Apps for BVN with Bad Credit Score in Nigeria (Ymoney, Zmoney, BorrowNow, and SomeMoni)

If you’ve ever been desperate for quick cash, you’ve probably come across several online loan apps in Nigeria that promise “instant approval.” But not all of them are safe or fair. Some apps are known for outrageous interest rates, harassment, and even defamation. Among such apps are Ymoney, Zmoney, BorrowNow, and SomeMoni — four connected platforms that have gained a reputation for being both accessible and risky.

While these apps can help people with bad credit scores or blacklisted BVNs access fast cash, borrowers must understand what they’re getting into before applying. In this article, we’ll break down everything you need to know about these apps, how they operate, and why they’re often referred to as “Shege” loan apps — because once you borrow, you may face serious pressure.

What You Should Know About “Shege” Loan Apps

“Shege” is a Nigerian slang used to describe something that brings stress, frustration, or serious trouble. When it comes to loan apps, that’s exactly what Ymoney, Zmoney, BorrowNow, and SomeMoni represent for many users.

These platforms target Nigerians who are already in financial distress — especially those whose BVNs are flagged by other loan apps. Because of that, they approve almost any borrower quickly. However, what comes next is often a nightmare:

Extremely short repayment periods (as low as 7 days)
Ridiculous interest rates that can double your debt within weeks
Harassment from recovery agents through calls and WhatsApp messages
Defamation and contact shaming, where they call your family, friends, or even employers to label you a “criminal”

Despite all these risks, many people still use them because traditional banks and legit loan apps reject borrowers with poor credit history.

1. Ymoney – Fast Loans, Faster Harassment

Ymoney is one of the most popular of the four apps under the SomeMoni network. It is mainly known for approving loans within minutes, but also for its ruthless debt collection tactics.

If you’re blacklisted or have been rejected by other apps like FairMoney, Carbon, or Palmcredit, Ymoney will likely approve your loan instantly — no collateral, no paperwork. But here’s the catch:

Loan Tenure: 7 days maximum (sometimes less)
Interest Rate: Up to 30% for just one week
Debt Recovery: Aggressive. They will call your contacts, send defaming messages, and even threaten to involve the police.

Many borrowers report that even when they repay on time, Ymoney may still share their details with sister apps, leading to spam messages or unauthorized deductions.

In short, Ymoney may help you in an emergency, but you’ll be paying back much more than you borrowed — both in money and mental stress.

2. Zmoney – The Twin App with the Same Tactics

Zmoney operates exactly like Ymoney and is part of the same SomeMoni parent company. It’s not on Google Play Store because of multiple reports of harassment and privacy violations.

Borrowers describe Zmoney as “Ymoney’s twin brother” — same loan process, same short repayment window, and the same harassment if you default.

Loan Tenure: 7–10 days
Loan Amount: ₦5,000 to ₦50,000
Interest Rate: Up to 35%
Debt Recovery: Contact tracing, defamation, and spam messages.

It’s important to note that if you owe Ymoney, you will likely be blacklisted on Zmoney because both apps share user data through the SomeMoni network. So, don’t think you can escape by switching apps — they already know your BVN.

Zmoney’s only advantage is that it offers quick loans to users who are already blacklisted elsewhere. But remember: you’ll be paying a heavy emotional price.

3. BorrowNow – Quick Loan with Hidden Risks

BorrowNow is another “Shege” app under the SomeMoni group. It presents itself as a fast and convenient way to get money online without paperwork. Unfortunately, it follows the same shady pattern as Ymoney and Zmoney.

BorrowNow’s loans usually come with:

Short repayment period: 7–14 days
Interest rate: 25–40%
Hidden charges: Late payment penalties and auto-renewal fees
Harassment: They call your entire contact list if you delay payment for even one day

Many borrowers have reported that BorrowNow sends threatening messages, sometimes accusing borrowers of fraud or calling them “wanted criminals” to scare them into paying.

BorrowNow also uses multiple subdomains and APK links instead of appearing on the Play Store — a clear red flag. Google has banned many of these types of apps for data privacy violations and unethical collection tactics.

If you plan to use BorrowNow, prepare yourself for constant calls and pressure until the loan is repaid in full.

4. SomeMoni – The Parent Loan Platform Behind It All

SomeMoni is the main parent company controlling Ymoney, Zmoney, and BorrowNow. While it pretends to be a “financial group,” most of its apps operate under different names to avoid detection and suspension by Google Play Store.

Because these apps share user data, your BVN and contact list can be used across all four apps. If you borrow from Ymoney and default, you may automatically lose access to BorrowNow or Zmoney.

SomeMoni is known for targeting borrowers with poor credit scores, offering them loans instantly to fill the gap left by legitimate lenders. But the high interest rates and short repayment terms trap many users in a cycle of debt.

Borrowers describe it as a “web of loan harassment” — once you enter, it’s hard to escape without emotional stress or embarrassment.

Why These Apps Are Dangerous

Despite being fast and easy to access, the SomeMoni loan network poses serious risks:

Violation of Privacy: They access your phone contacts and send threatening messages to people you know.
Defamation: Borrowers have been called thieves or criminals publicly.
Data Insecurity: Since they’re not listed on Play Store, your personal and BVN information can be easily compromised.
Mental Stress: Many users suffer anxiety and depression due to constant harassment and humiliation.
Excessive Interest Rates: Borrowers end up paying double or more of what they received.

When to Use These Apps

If your financial situation is urgent and you have no other option, these apps may serve as a last resort. But only use them if you’re sure you can repay within the 7-day period. Otherwise, you’ll face unending harassment and possible defamation.

They’re especially for:

People blacklisted by other loan apps
Users with bad credit history
Borrowers who can handle high pressure and repay fast

If you’re sensitive to public embarrassment or mental stress, it’s best to stay away.

Safer Alternatives to Try

If you want to borrow money without harassment or hidden traps, try these legitimate loan apps in Nigeria:

FairMoney: Offers up to ₦500,000 with flexible repayment and lower interest rates.
Branch: No collateral, no defamation. Your data stays private.
Carbon: Regulated by the CBN with a transparent loan system.
Okash: Reasonable interest rates and quick disbursement.
EasiMoney (Opay Loan): Instant access for Opay users.
Migo Loan: Good for airtime and small emergency loans.

These apps are approved, registered, and available on Google Play Store — meaning they follow privacy laws and CBN guidelines.

Final Verdict

Ymoney, Zmoney, BorrowNow, and SomeMoni are examples of high-risk loan apps that can solve your financial problem today but create bigger ones tomorrow. They’re ideal only for people with bad credit scores who can repay within a week.

However, borrowers should understand that using these apps means signing up for “Shege” — harassment, high interest, and public embarrassment.

If you want quick cash with peace of mind, go for reputable apps like FairMoney, Branch, Carbon, or Okash. But if you choose Ymoney or its sister apps, be ready to face their aggressive recovery tactics — because with SomeMoni, the money may be fast, but the trouble comes faster.

ALSO READ: How Much You’ll Really Pay Back on SomeMoni Loan App (With Examples)