A Nigerian man has captured attention of many online after revealing the unexpected amount a loan app demanded just 34 days after he borrowed the money.
The man, who remains anonymous, borrowed N159,000 from the platform to cover an emergency but was shocked to discover he was expected to pay over N220,000 within little more than a month.
Sharing a screenshot of his loan dashboard in a Facebook group, he lamented his situation and asked other members for advice.
In his post, dated June 26, he wrote: “I am owing Palmpay and it will be due on July 1. I don’t know how I am going to raise such amount for me. I borrowed them 159k for an emergency to pay back 220k plus in 34 days. Pls is there anyone owing Palmpay pls how are you handling. I will definitely pay in future but I don’t have it now.”
He explained that the loan was taken to cover urgent personal expenses, but the high interest rate and short repayment period left him anxious about how to meet the deadline.
Netizens Reacts to Repayment Struggle
The man’s post quickly attracted comments from social media users, many expressing concern over the high repayment amount.
Some advised him on strategies to manage his debt, while others questioned the wisdom of borrowing such a large sum from a loan app.
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