How to Close, Delete or Deactivate your Naira Loan Account Easily

Naira Loan is a financial technology (fintech) platform that offers short-term loans and credit services to individuals in Nigeria. The platform leverages technology to provide quick and convenient access to funds for urgent financial needs. In this blog post, we will provide a step-by-step guide on how to do just that. We’ll discuss the process of closing, deleting or deactivating your account, and provide some tips to make the process easier. So, if you’re ready, let’s get started and learn how to close, delete or deactivate your Naira Loan Account quickly and easily.

Why You May Want To Close, Delete or Deactivate Your Naira Loan Account 

Well, there are several reasons why you might want to do so. Let’s take a look:

  1. High-interest rates: If you find that the interest rates on your Naira Loan account are too high compared to other options available to you, it might be a good idea to close the account and explore alternative lending platforms.
  2. Limited loan options: Perhaps you have realized that Naira Loan does not offer the types of loans or repayment terms that suit your needs. In this case, closing or deactivating your account can give you the freedom to explore other lending platforms that offer more flexibility.
  3. Poor customer service: If you have encountered multiple issues or have had a negative experience with Naira Loan’s customer service, it might be time to consider closing your account and finding a platform that values customer satisfaction.
  4. Financial constraints: If you find yourself struggling to make timely loan repayments or facing financial difficulties, it may be a wise decision to close your Naira Loan account to avoid further financial strain.
  5. Privacy concerns: In today’s digital age, privacy, and data security are crucial. If you have concerns about how Naira Loan handles your personal information or if you simply want to reduce your online footprint, closing your account can provide peace of mind.

Remember, these are just a few reasons why you may want to consider closing, deleting, or deactivating your Naira Loan account. It is important to carefully evaluate your own circumstances and make a decision that aligns with your financial goals and needs.

How to Close, Delete or Deactivate Your Naira Loan Account Easily 

If you have made the decision to close, delete or deactivate your Naira Loan account, we’re here to help you with a step-by-step guide on how to do it easily. Follow these simple steps to make the process a breeze:

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Step 1: Contact Naira Loan Support

Start by reaching out to Naira Loan’s customer support. You can usually find their contact information on their official website or within the Naira Loan app.

Step 2: Request Account Closure/Deletion/Deactivation

When contacting Naira Loan’s customer support, clearly state your intention to close, delete, or deactivate your account. Provide them with your account details and any identifiers they might need to locate your account.

Step 3: Verify Your Identity

Be prepared to verify your identity to ensure the security of your account. This might involve answering security questions, providing personal information, or following a verification process.

Step 4: Follow Provided Instructions

Follow any instructions provided by Naira Loan’s support team. They might guide you through the account closure process or provide specific steps to take.

Step 5: Confirm Account Closure

Once your request is processed, Naira Loan’s support team will confirm the closure, deletion, or deactivation of your account. This confirmation might be sent via email or a notification within the app.

By following these steps, you can easily close, delete, or deactivate your Naira Loan account. Remember, it’s important to consider any outstanding loans, outstanding payments, or any other obligations you may have with Naira Loan before taking this step.

Things to Consider Before Closing, Deleting or Deactivating Your Naira Loan Account 

Before closing, deleting, or deactivating your Naira Loan account, there are a few important things to consider. Here are some bullet points to keep in mind:

  • Assess your outstanding loans: Take stock of any outstanding loans or payments you have with Naira Loan. Make sure to settle any pending obligations before closing your account to avoid any potential complications.
  • Check for penalties or fees: Review the terms and conditions of your Naira Loan account to determine if there are any penalties or fees associated with closing, deleting, or deactivating your account. Be aware of any potential financial consequences before proceeding.
  • Backup important information: If there is any important information or documents stored in your Naira Loan account, make sure to back them up or download them before closing the account. This will ensure you don’t lose any important data.
  • Consider alternative options: Before closing your Naira Loan account, explore alternative lending platforms to determine if there are better options available to meet your financial needs. Compare interest rates, loan terms, and customer reviews to make an informed decision.
  • Seek professional advice if needed: If you are unsure about closing, deleting, or deactivating your Naira Loan account, it may be helpful to consult with a financial advisor or professional who can provide guidance based on your specific circumstances.
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Remember, closing, deleting, or deactivating your Naira Loan account is a decision that should be made after careful consideration of your financial situation and needs.

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How do I delete my loan account?

To delete your loan account, follow these general steps:

  • Step 1: Contact Support – Reach out to the loan provider’s customer support through their official website, email, or designated contact methods.
  • Step 2: Request Account Deletion – Express your intent to delete your account and provide the necessary account details.
  • Step 3: Verification – Be prepared to verify your identity to confirm ownership of the account.
  • Step 4: Follow Instructions – Adhere to any guidance provided by the support team to finalize the account deletion process.

Account deletion procedures can vary based on the loan provider’s policies.

How do I stop a loan app from accessing my contacts?

To prevent a loan app from accessing your contacts, you can modify the app’s permissions:

  • For Android:
    • Open “Settings” on your device.
    • Go to “Apps” or “Apps & Notifications.”
    • Find and select the loan app.
    • Tap on “Permissions.”
    • Disable the permission for accessing contacts.
  • For iOS:
    • Open “Settings” on your device.
    • Scroll down and find the loan app.
    • Tap on the app.
    • Adjust the permission settings, including contacts access.

Disabling the contacts access permission prevents the loan app from reaching out to your contacts.

Can a loan app block my BVN?

A loan app itself does not have the authority to block your Bank Verification Number (BVN). However, loan apps might use your BVN for identity verification and credit assessment during loan applications. BVN is primarily a government-issued identification and security measure.

How do I stop my loan apps from auto-debiting my account?

To stop loan apps from auto-debiting your account, follow these steps:

  • Step 1: Contact Customer Support – Reach out to the loan app’s customer support, usually available through the app or their official website.
  • Step 2: Request Cancellation of Auto-Debit – Express your request to cancel the auto-debit feature and provide your account details.
  • Step 3: Confirmation – Confirm with the customer support team that the auto-debit feature has been deactivated.

How do I delete automatic payments?

To delete automatic payments, follow these general steps:

  • For Credit Card Payments:
    • Log in to your online banking or credit card account.
    • Locate the automatic payment you want to delete.
    • Select the option to delete or cancel the automatic payment.
  • For Bank Account Payments:
    • Log in to your online banking account.
    • Find the automatic payment setup.
    • Delete or cancel the automatic payment.

Always confirm with your bank or payment provider regarding specific steps for deleting automatic payments.


In conclusion, closing, deleting, or deactivating your Naira Loan account is a straightforward process that can help you address any issues or concerns you may have. By following the steps outlined in this guide and considering the important factors mentioned, you can make an informed decision that aligns with your financial goals. 

Remember, exploring alternative lending platforms and seeking professional advice can provide additional support in making the best choice for your financial needs