DOA cash loan app: Interest rate, is it legit, how to apply - Startuppreneur
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DOA cash loan app: Interest rate, is it legit, how to apply

DOA cash loan will give you instant loan in Nigeria without collateral or paper work. Thier loan processing is fast within 30 minutes of submitting application your loan will be disburse.

You don’t need to visit any location before you will obtain this loan, with your smart phone you ate good to go

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With DOA cash loan you can obtain up to 100,000 rupees at a go.

Requirement to obtain loan from DOA cash loan

Before you can obtain loan from this app you need to meet up with some requirements which are

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  • Have good credit score
  • Have bank account
  • Reside in India
  • Have source of income
  • Have smart phone to download the loan app

Once you meet up with this requirement you can go ahead and apply for the loan

How to apply for DOA cash loan

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, do so and proceed

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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 DOA cash loan app

With this loan app you can obtain up to 100,000 rupees at a go without collateral or paper work.

For first timer you will not be able to obtain up to this but as you continue to use the loan app the amount of loan you can obtain will be increase.

DOA cash loan interest rate and repayment period

DOA cash loan interest rate is between 5% to 25% depending on the amount of loan obtain.

The repayment period is between 7 days to 180 days also depend on the amount of loan obtain.

As a first timer you will be given high interest rate and short repayment period, as you continue to use the app it will improve.

Paying back your DOA cash loan

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 bank details will be send to appropriate authority for blacklisting which means you will not be able to obtain loan again in India until you pay back and clear your name.

Is DOA cash loan app legit

Yes DOA cash loan app is legit, they will surely give you loan, but they are not license by appropriate authority.

Our final verdict on DOA cash loan

DOA cash loan will surely give you loan, they have given loan to many people in India. They do not charge for loan processing fee, which is a a good thing.

Since they are not license by appropriate authority I will advice you to exercise caution when dealing with this loan app. Only take loan that you know you can pay back

Conclusion

Above is how to obtain loan from DOA cash loan app. They do give loan to people in India, but take loan that you know you can pay back to prevent had I know and embarrassment.

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