Ankcash is one of the loan app that give out loan with out collateral or guarantor in Nigeria. You don’t need to visit any location before you will obtain the loan with your phone you are good to go. With Ankcash you can obtain up to #50,000 loan at a go.
Requirement to obtain Ankcash loan
Below are the requiremnt you must meet up with before you can obtain loan from Ankcash
Be a Nigeria and reside in Nigeria
Be above 18 years of age
Have good credit score
Have source of income
Have bank account and BVN
Have smart phone with which to download the app
How to apply for Ankcash loan
Once you meet up with the requirement the next thing is to apply for the loan
Go to play store and download the loan app
Launch the app and register with your name, BVN and other details
You will be ask to bind your ATM card do so and proceed
After the registration you will be login to your dashboard
On your dashboard locate and click on loan
There you will see amount of loan you are eligible to obtain
Click on it and wait for disbursement
How much you can obtain from Ankcash loan
With ankcash loan you can obtain up to #50,000 at a go with out collateral or paper work, but as first timer you will not get up to this, your eligible loan offer will be between #10,000 to #20,000 but as you continue to take loan and back on time, the amount of loan you can obtain will increase.
Ankcash interet rate and repayment period
Ankcash loan interest rate start from 12% depending on the amount of loan secure and repayment period.
The repayment period is between 7 days to 3 months also depend on the amount of loan obtain. As a first timer your interest rate will be high and the repayment period will be short. As you continue to take loan from this app it will improve.
How to repay Ankcash loan
Login to your dashboard
Locate loan repayment and click on it
Chose method to pay back your loam and make payment
Once you make payment it will reflect on your dashboard
If you are making transfer ensure you have their correct account number to avoid story that touch
What will happen if I default
If you defaults your loan interest rate will be will be increase by 2% until you pay back your loan, if you decide not to pay back your name will be send to credit bureau for black listing which means you will not be able to take loan again in Nigeria until you settle your debt. They might also send defamatory message to your contacts
Is Ankash loan legit
Yes the loan app is legit they will surely give you loan but they are not license by CBN and not insured by NDIC so exercise caution when taking loan from them
Our verdict on Ankcash loan app
The loan app is legit they have good review on play store and good rating though might be as a result of low number of review, well we would see what will become of in the coming days. Exercise caution when taking loan from this loan app since they are not license by CBN.
Conclusion
Above is how to obtain loan from Ankcash as you can see they do give out loan but take loan that you know you can pay back to avoid embarrassment.
Also if anything goes wrong it will take time for CBN to interfere since they are not license by CBN
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