Cashbus will give you instant loan in Nigeria with out collateral or paper work. With cashbus you can obtain up to #200,000 loan at a go.
Their loan processing is fast, you don’t need to go to any location before you will obtain the loan, with just your phone and good internet connection you will secure the loan.
Cashbus loan requirement
Below are the requirement you must meet up with before you can obtain loan from cashbus
Have BVN and bank account.
Have a source of income
Be above 18 years of age
Be a Nigerian and reside in Nigeria
You must not have defaulted on any loan before
You should have good credit score
And lastly you should have smart phone with which to obtain the loan.
How to apply for Cashbus loan
The first step is to download their app on playstore
After that register with your name and other details
Your will be ask to submit your BVN, do so and proceed
After the registration you will be login
On your dashboard local and click on loan
There you will see amount of loan you are eligible to obtain
Click on the loan and wait for disbursement
How much loan you can obtain from Cashbus
With Cashbus you can obtain up to #200,000 loan at a go but for first timer the amount you are eligible to loan might not be more than #20,000.
The more you take loan and pay back on time, the higher the amount you will be able to obtain.
Cashbus loan app interest rate and repayment period
Cashbus loan interest rate is between 5% to 30% depending on the amount of loan secure and the credit score of the recipient.
The repaymemt period is between 7 days to 3 months. As a first timer your interest rate will be higher and your repayment period will be low. As you continue to take your loan, will improve.
Repaying your cashbus loan
You can pay back your cash bus loan with ATM card or ask for their account number by contacting them and transfer to it. Ensure you have the correct account number to avoid story that touch.
Is Cashbus loan app legit
Yes the loan app is legit, they have given loan to many people in Nigeria. The problem with this loan app is that they are not license by CBN nor insured by NDIC.
Aslo they are known to send defamatory message to their customer’s contacts so be careful when taking loan form this loan app
What will happen if I default or did not pay back
If you default your loan interest rate will increase by 2%. If you then decided not to pay back the loan your name , BVN and other details will be sent to credit bureau for black listing, you will never be able to take loan again in Nigeria.
Conclusion
Cashbus loan is not license by CBN nor insured by NDIC and they are known to send defamatory message to their customer’s contacts therefore exercise caution when taking loan from this loan app. Do not take more than you cab pay back to avoid embarrassment
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