Ncash loan review: is it legit, how to apply, requirements, contacts and others - Startuppreneur

Ncash loan review: is it legit, how to apply, requirements, contacts and others

Ncash is a personal loan app in Nigeria, they give out loan to individual who want to pay bill or purchase goods. With Ncash loan you don’t need collateral or guarantor with just your phone you are good to go.

What is Ncash loan

Ncash loan is a loan app where you can obtain upto #200,000 loan with out collateral or paper work. This loan is in the categories of personal loan and not business.


Ncash loan requirements

Like many other loan app in Nigeria before you can apply for Ncash loan you need to meet their requirements which are listed below

  • You must have a bank account
  • You must have a BVN
  • You must be a Nigerian and reside in Nigeria
  • You should own an android phone
  • You must have a working email address and phone number
  • You should have a stable source of income
  • You should have a good credit score
  • You must not have defaulted on any loan before

How to apply for NCash loan

Once you meet their requirement the next thing is to apply for loan and this is how to go about it

Download the Ncash loan app


The first thing to do is to head over to playstore and download Ncash app. As at the time of writing this article, there is no Ncash on app store

Sign up
The next phase is to launch the app and register with your name, email and other details, during the process of registration you will be ask to grant permission to some functions, grant it and move on.

You will be asked to submit your phone number, do so and after doing this an OTP message will be send to your inbox, copy the code and verify it

Once you finished the sign up process the app will log you in automatically. You will be taken to your dashboard but you will not be able to use most of the feature until you take a loan

Take a loan
The next thing is to take a loan. On your dashboard locate loan and click on it. It will show you a loan offer depending on your credit score.

Though you can obtain loan of upto #100,000 from Ncash loan, first timer may not be able to get up to this but once they take loan and pay back regularly the amount of loan they can borrow will increase.

Choose a payback period
The pay back period of Ncash ranges from 1 month to 4 months. You will be asked to specify your loan duration and the longer the loan pay back period the higher the interest rate.

Submit you loan application
After all this the next thing is to submit your loan application and wait for their response. Usually if your details is good your loan will be apply in 1 hours maximum

How much you can get form Ncash loan
The minimum loan you can get from Ncash loan is #1,000 while maximum loan you can get is #100,000.

Interest rate and payback period

The interest rate of Ncash is between 0.1 to 1% daily depending on the credit score, the amount of loan and the payback period. The pay back period is 1 month to 4 months.

If you default in a day the interest rate is 2.5% per day, regardless of the amount of loan you take.

How to repay Ncash loan

Follow the below point to repay Ncash loan
Login to your dashboard, while there locate and click on loan option

Select the loan you want to repay
It will asked you to choose a method such as ATM card or Bank transfer

I will advice you to chose ATM because bank transfer can be hard to proof sometimes

If it is ATM card, add it to the app

If it is bank number copy the amount number and transfer to it

Note: Before you make transfer call their customer care and confirm

Is Ncash loan app legit

Ncash loan is a legit loan company, it has been downloaded more than 500,000 times on playstore with 3.9 ratings and over 13, 000 reviews. The only thing you can hear about Ncash is that they blackmail their defaulter and the interest to pay if defaulted is much.

Ncash contacts

Ncash office address
Lateef Jakande Road, Ogba, Ikeja, Lagos, Nigeria.

Ncash email address
[email protected]


It is true that Ncash give instant personal loan but take loan that you know you can pay back to avoid embarrassment.

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