Lend cash loan app is one of the loan app in Nigeria that give out instant loan without collateral or paper work.
You don’t need to visit any location, with your phone you are good to go. Their loan processing is fast within two hour of submitting application your loan will be disburse.
Lend cash loan requirements
Before you can obtain loan form this app, there are some requirement you need to meet up with which are.
Have good credit score
Have bank account and bvn
Have smart phone with which to download the loan app
Have regular source of income
Be above 18 years of age
Once you meet up with this requirement it is time to apply for the loan
How to apply for lend 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 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 lend cash loan app
With lend cash loan app you. An obtain up to #400,000 at ago. If you are applying for the first time the amount of Ioan you will obtain will be small compare to this but as you continue to take loan from this app, it will increase.
Lend cash interest rate and repayment period
Lend cash Interest rate is between 5% to 20%/depending on the amount of loan secure and the repayment period.
As a first timer you will be given high interest rate and short repayment period, it will late improve as you continue to use the app.
Paying back your lend 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 will reflect on your dashboard
If it does not you should contact them.
What will happen if I default or refuse to payback
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 lend cash loan app legit
Yes they are legit, they will surely give you loan. Currently they are not license by CBN nor insured by NDIC so exercise caution when taking loan from them.
Our verdict on lend cash loan app
Lend cash loan app is legit, they will surely give you loan as long as you meet up with their requirement.
They have good review on play store and they don’t send defamatory message to defaulter’s contact, nevertheless you should try and pay your loan on time.
Since they are not license by CBN yet, I will advice you to exercise caution when taking loan from this app. Take loan that you know you can pay back to prevent embarrassment.
Conclusion
Above is how to obtain loan form lend cash loan app
They have given loan to many people, the will surely give you loan ,but do not take more than you can pay back, too much of loan is bad.
Do you like this article?
Feel free to share it
