Continuous Borrow is a free financial app that offers users the opportunity to borrow additional funds from legitimate financial institutions in Nigeria. As such, users of this online loan platform can take out unsecured loans for up to 600,000 Nigerian nairas, often in the form of various micro- and medium-term loans.

With an app layout that emphasizes its convenient three-step process, Continuous Borrow caters even to non-tech-savvy users. On the other hand, it has a stringent loan approval process, which takes time and has a limited approval rate. It’s a lot like WowPera in the Philippines or CashIn in India.

Apply for loans conveniently

Like most online lending apps, Continuous Borrow also requires every client to register first. This includes an online registration process that includes the user’s Bank Verification Number (BVN). On the plus side, it doesn’t require tedious taking shots of your documents and uploading them to the online platform. You only need to provide the requested information in the fields indicated in the app.

It offers flexible loan amounts and repayment terms, with the approval process going as fast as five minutes for registered users. It’s as easy as choosing the amount, the period, and choosing the personal bank account where funds will be disbursed. More importantly, its products are unsecured loans, which don’t require any collateral to get approval. Lastly, this trusted app offers industry-grade data security.

While the approval can be very fast, the disbursement process is a different matter.  Users have complained about their funds being unavailable for days or even weeks before receiving their loan. Additionally, it’s not that accessible for new users, offering limited loan amounts and terms. Also, the default repayment plan involves an auto payment from your bank, which could charge you without your knowledge.

Popular, but partly unreliable

While there are a lot of lending apps, Continuous Borrow remains one of the most popular options available. It is flexible, both in terms of amount and repayment terms, with a quick approval process. However, the disbursement and repayment processes can be challenging for some users. Aside from the tendency of the funds to get delayed, the auto-debit repayment can catch you off guard. Use with caution.