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
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
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
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.
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.
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