Blink cash is another loan app in Nigeria that give out instant loan without collateral or paper work. Their loan processing is very fast once your application is successful you will receive credit alert in minutes. With Blink cash you can obtain up to #100,000 at a go.
Requirement to obtain loan from blink cash
To obtain loan from blink cash there are some requirement you need to meet up with which are
Have source of income
Have BVN and bank account
Be above 18 years of age
Reside in Nigeria
Have smart phone with which to download the loan app
How to apply for blink cash loan app
The first step is to head over to play store and download the loan app
Register with your name, BVN annd other details
Once you are done with 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 the loan and wait for disbursement
How much you can obtain form blinkcash loan app
With blinkcash loan app you can obagin up to #100,000 loan without collateral or paper work. As first timer you will not be able to obtain up to this, as you continue to take loan and pay back on time the amount of loan you can obtain will increase.
Blink cash loan interest rate and repayment period
Their interest rate is between 5% to 25% depending on the amount of loan obtain .
Their repayment period is between 7 days to 90 days also depend on the amount of loan secure. As a first timer your loan interest rate will be high and your repayment period will be short. As you continue to use the app this will increase.
Paying back your blinkcash loan
To pay back your loan head over to your dashboard
Locate and click on loan repayment
There you will see amount of loan to pay back
Click on one and make payment
Once you make payment it will reflect on your dashboard
If it does not, you should contact them
What will happen if I default or refuse to pay
If you default you will be punish with increase in your loan interest rate which is usually 2% but if you decided not to pay back at all, your name and BVN 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 and clear your name with credit bureau.
Is blinkcash loan legit
Yes they are legit, they will surely give you loan but exercise caution because they are not license by CBN nor insure by NDIC.
Our verdict on blinkcash loan app
Blink cash will surely give you instant loan. They have both positive and negative review on play store and at the time of writing his article their rating is at 3.1, which is not good. Their app have bug which make it difficult to obtain loan.
Conclusion
Above is how to obtain loan from blinkcash. As you can see they will surely give you loan, but exercise caution. Take loan that you know you can pay back to avoid embarrassment.
Aslo, since they are not license by CBN if any thing go wrong, it will take time for CBN to interfere.
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