Kashcash Loan App is a leading loan provider that offers a convenient way for people to access quick cash when they need it. With its easy-to-use app and a simple loan application process, Kashcash has become a go-to choice for many people who require urgent financial assistance.
In this article, we will take a closer look at Kashcash Loan App, including its phone and WhatsApp number, interest rates, and how to make repayment.
Kash cash offers loans to Nigerians without collateral and requires little to no paperwork.
If you use an Android device, you can apply for a collateral-free loan with little to no documentation for amounts ranging from N5,000 to N100,000. The Kashcash Loan App is a relatively new product with over 10,000 downloads and mixed reviews on Google Play.
To build each borrower’s credit score, loan software is used to gather data on potential customers, including phone records, banking transaction alerts, and BVN.
Make sure to keep recent bank transaction messages on your phone and avoid having any unpaid balances with other loan apps in order to be eligible for a loan or higher amounts!
The application process is easy; all you need to do is download the app from the Google Play store, give some personal information, and within a few hours, the algorithm will analyze your data, determine your credit score, and make you a loan offer.
Is kashcash legit or a scam?
Kashcash loan app is legitimate, despite the fact that it is still a relatively new addition to the Google Play Store.
However, customers should exercise caution before applying for any online loan.
Before you apply for a loan in Nigeria, always read reviews from previous clients. The Google Play Store user reviews for this app are not positive.
You should be aware that neither the CBN nor any other Nigerian government organization has registered or regulated these loan apps.
There is no way to get revenge for bad customer service, and you are responsible for the security of your transactions with them.
Additionally, the fact that it is available on Google Play does not make the transactions made through it secure.
While using loan apps in Nigeria, you are in charge of your own security as the play store merely acts as a download location.
Interest rate
Kashcash interest rates are between 12% and 24% APR. One of the most crucial factors to consider when taking out a loan is the interest rate. Kashcash Loan App offers competitive interest rates that vary depending on the loan amount and the repayment period. The interest rate ranges from 2% to 15% per month. The loan repayment period ranges from one to six months, depending on the loan amount and the borrower’s preference.
For Example, If you take a loan of N5,000, from kashcash and the term of loan is 180 days, with an interest rate of 12%, the total interest would be N5,000*12%= N600 naira.
The total repayment amount, (principal loan and interest rate) should be N5,000+ N5,000*12%, which is 5,600 naira only.
How to get a loan from Kashcash app
- Install the kashcash loan app on your Android phone
- Create a profile using your phone number. Preferably, the phone number associated with your BVN
- Enter your basic Kwow-your-customer KYC data, such as your home address, next of kin, and employment information.
- Your Biometric Verification Number, or BVN, will also be needed.
- Binding your ATM card to your account will cost you N50 and will improve your chances of receiving a larger loan amount.
- Your phone will receive a one-time password OTP to confirm your information.
- Your credit score will be analyzed by software after you submit your loan application, and the results will be displayed in the APP.
- If you qualify for a loan, the loan amount will be directly disbursed into your bank account after the result has been displayed, which should take less than two minutes.
- You’ll need to take a clear live selfie to verify your identity, so use a good phone with enough memory.
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Eligibility
- is a citizen or resident of Nigeria
- age of at least eighteen.
- Have a monthly source of income.
- Connect your bank card to your account.
- Give the contact information of two of your closest relatives.
- possess a high credit score and have no unpaid debt to other lenders.
- a functioning bank account Your phone number needs to match the one on your BVN.
- possess a valid ID issued by the government
How to Apply for a Loan
To apply for a loan with Kashcash Loan App, you need to download the app from the Google Play Store or App Store and follow the following steps:
Step 1: Create an Account
The first step is to create an account on the app by providing your personal information, including your name, phone number, and email address.
Step 2: Apply for a Loan
Once you have created an account, you can apply for a loan by filling out the loan application form. You will be required to provide your employment details, income, and loan amount.
Step 3: Wait for Approval
After submitting your loan application, you will receive a notification on whether your loan has been approved or not. If approved, you will receive the loan amount directly to your mobile money account.
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Repayment
Kashcash Loan App has made it easy for customers to make loan repayments by offering several repayment options. You can make repayments via M-Pesa, Airtel Money, or bank transfer. To make a repayment, follow these steps:
Step 1: Go to the App
Open the Kashcash Loan App and click on the ‘Repay Loan’ option.
Step 2: Enter the Loan Amount
Enter the loan amount you wish to repay.
Step 3: Choose Repayment Option
Select your preferred repayment option. You can choose to repay via M-Pesa, Airtel Money, or bank transfer.
Step 4: Confirm Payment
Confirm the payment by entering your M-Pesa or Airtel Money PIN or authorizing the bank transfer.
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Customer Care Whatsapp Number
Kashcash Loan App has made it easy for customers to access their services by providing both a phone and WhatsApp number. You can reach out to their customer service representatives by calling +254 (0) 709 516 000 or sending a message on WhatsApp to +254 (0) 705 870 160. Their customer service representatives are available to assist you with any queries or concerns you may have about the loan application process, repayment, or interest rates.
Kashcash is available to respond to your quarries 247. All you need is to submit your request with them
- Email Address: [email protected]
- Phone number: Unconfirmed
- WhatsApp number: unconfirmed
- Kashcash Office Address: NO. 62, Yaya Abatan, college road, Ogba, Lagos, Nigeria
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