Oh cash loan app (download): how to apply, is it legit - Startuppreneur
Advertisement
Advertisement
Loan

Oh cash loan app (download): how to apply, is it legit

Oh cash laon app is another loan company in Nigeria that give instant loan without collateral or paper work. You don’t need to visit any location, with just your phone you are good to go. Their loan procesing is very fast within hour of submitting application your loan will be disburse.

With this loan app you can obtain up to #100,000 at a go

Advertisement

Requirement to obtain loan from oh cash loan app

Below are the requirements you need to meet up with before you can obtain loan from this app

Have good credit score

Advertisement

Have bank account and bvn

Be above 18 years of age

Have source of income

Have smart phone with which to download the loan app

Advertisement

How to obtain loan from oh cash

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 this loan app

The amount you can obtain from oh cash loan app is between #10,000 to #100,000.

As a first timer the amount you can obtain will be low but as you continue to take loan from this app it will improve.

Oh cash loan interest rate and repayment period

Oh cash interest rate is between 5% to 25% depending on the amount of loan secure. The repayment period is between 8 days to 90 days depending on the amount of loan secure.

As a first timer you will be given higher interest rate and your repayment period will be short but as you continue to use the app this will improve.

Paying back your oh 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 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 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 oh cash loan legit

Yes oh cash laon is legit, they will surley give you loan, the only problem with them is that they are not license by CBN nor insure by NDIC

Our final verdict on oh cash loan app

Oh cash loan app is legit they do give out loan to people but they are not license by CBN nor insure by NDIC, you should exercise caution when taking loan from them.

They have good review on play store which means they are doing something right.

Conclusion

Above is how to obtain loan from oh cash loan app, as you can see they do give loan out loan but that does not mean you should obtain loan that is above your means.

Take loan that you know you can pay back to avoid embarrassment and had I know.

Do you like this article?
Feel free to share it

Advertisement
Back to top button