Cash credit loan app: is it legit, how to apply

Cash credit loan app is another loan app in Nigeria, that give instant loan without collateral or paper work.

This loan application is easy, you can apply with your phone. With cash credit loan app you can obtain up to #100,000 loan at ago.

This loan processing if fast, once your application is successful you will be credited in minutes time.

Requirements to obtain loan from cash credit loan app

The requirements to obtain loan from cash credit loan app are

Have good credit score

Have regular source of income

Be above 18 years of age

Have bank account and bvn

Have smart phone with which to download the loan app

How to apply for cash credit loan app

The first step to take is to head over to play store and download the loan app

Register with your name, bvn and other details

You will be ask to bind your ATM card which might attract #30 fee, do so and proceed

Once you are done with registration you will be login to your account

On your dashboard locate and click on loan

There you will see amount of loan you are eligible to obtain

Click it and wait for disbursement

How much you can obtain from cash credit loan app

The amount you can obtain from this loan app is between #7,000 to #100,000. As a first timer your loan amount will be #30,000, it wil be improve as you continue to take laon from this app.

Cash credit loan interest rate and repayment period

Their interest rate is between 5% to 20% depending on the amount of loan secure and the repayment period.

Their repayment period is between 91 days to 365 days. As a first timer you will be given high interest rate and your repayment period will be short. It will later improve as you continue to take loan from this app.

Paying back your cashcredit laon app

To payback your loan head over to your dashboard

Click on loan repayment

There you will see deferent option to pay back your loan

Click on one and make payment

Once you make payment it wil reflect on your dashboard

If it does not you should contact them.

What will happen if I default or refuse to pay back

If you default you will be punish by Increase in your loan Interest rate which might be up to 2%.

If you abscond, your name and bvn will be send to credit bureau for blacklisting which means you will not be able to obtain loan again in Nigeria until you pay back and clear your name with credit bureau.

Is cash credit loan legit

Yes, this loan app is legit, they will surely give you loan. Bit they are not license by CBN nor insured by NDIC.

Our final verdict on cash credit loan app

As stated above cash credit loan app is legit, they have given loan to many people in Nigeria, they have good review on play Store which is a good thing also they don’t charge loan processing fee.

The only problem with them is that they are not license by CBN therefore exercise caution when taking loan from them.

Conclusion

Cash credit will surely give you loan, but do not take more than you can pay back, try to avoid embarrassment and had I know.

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