Cashbean loan will give you instant loan in Nigeria without collateral or paper work, you don’t need to visit any location with your phone you will secure the loan.
Their loan processing is fast within one hour of submitting application your loan will be disburse. With cashbean you can obtain up to #100,000 loan at a go.
Requirement to obtain cashbean loan
Below are the requirement you must meet before you can obtain cashbean loan
Have source of income
Reside in Nigeria
Have bank account and BVN
Have good credit score
Be above 18 years of age
You must not have defaulted on any loan before
Have smart phone with which to download the app
How to apply for cashbean loan app
Download cash bean loan app on play store
Launch it and register with your name and other details
You will be ask to bind your ATM card which will attract #30 fee, do so and proceed
Once you are done with registration you will be logging 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 this loan and wait for disbursement
If every thing goes right it shouldn’t take more than 1 hour
How much you can obtain from cash bean loan app
With cash bean you can obtain up to #100,000 loan at a go. If you are a first timer the amount of loan you can can obtain will be less than this but as you continue to take loan and pay back regularly the loan amount will increase.
Cash bean loan app interest rate and repayment period
Their interest rate is between 5% to 20% depending on the amount of loan borrow and the repayment period. The repayment period is between 7 days to 3 months also depend on the amount of loan obtain.
Paying back cash bean loan
You can pay back your cash bean loan with ATM or ask for their account number and make transfer. When making transfer ensure you have the correct account number to avoid story that touch
Login to you dashboard
Locate and click on loan repayment u
There you will see methods to pay back your loan
Click one and proceed
Once you make payment it will reflect on your dashboard
If it does not contact them
what will happen if i default
If you default you will be punish by increase in interest rae and if you decide not to pay back at all, they might send defamatory message to your contacts.
They will also send your name to credit bureau for blacklisting, which means you will not be able to take loan again in Nigeria until you settle your debt.
Is cash bean loan legit
Yes cash bean loan is legit, they will give you loan, bit they are not license by CBN nor insured by NDiC so you should take caution when taking loan from them.
Our verdict on cashbean loan
Cashbean loan will really give you loan they have been in existence for more than a year.
They have mix of positive and negative review on play store with an average rating. You can apply for for their loan but take caution when doing so
Cashbean Contacts
Phone
017001000 or 018888188
Email
[email protected]
Address
Oshodi pedestrian Overpass, Ilupeju 5255, Ikeja, Nigeria
Conclusion
Cash bean loan app is not license by CBN not insure by NDIC, if things go wrong, it will take time before CBN will interfere so take caution when taking loan from them. Do not take more than you can pay back, try to avoid embarrassment.
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