Plenty cash loan: interest rate how to apply, is it legit - Startuppreneur

Plenty cash loan: interest rate how to apply, is it legit

Plenty cash loan will give you instant loan in Nigeria without collateral or paper work, what you need it just your phone and BVN. There loan processong is very fast within 1 hour of submitting application your loan will be disburse.

Requiement to obtain pleny cash loan
Below are the requirement to obtain plenty cash loan


You must reside in Nigeria

Have bank account and BVN


Have good credit score

You must not have default on any loan before

Have source of income

Be above 18 years of age


Have smart photo with each to download the app

How to apply for plenty cash loan

The first step is to download the app on play store

Register with your name and other details

You will be ask to bind your ATM card which might attract #30 fee, do so

After the registration, you will be login to your dashboard

On your dashboard locate and click on loan

There you will amount of loan you are eligible to obtain

Click on it and wait for disbursement

If everything is right of should take more than an hour

How much you can obtain from plenty cash loan

With plenty cash you can obtain up to #500,000 loan without collateral or paper work but as a first timer the amount of loan you can obtain will be less than this, it might not be more than #50, 000 but as you continue to take loan and pay back on time, the amount of obtainable will increase.

Plenty cash loan interest rate and repayment period

Plenty cash loan interest rate is between 5% to 25% depending on the amount of loan obtain and the the repayment period.

Repayment period is between 7 days to 180 days depending on the amount of loan you obtain.

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

Repaying your plenty cash loan

You can pay back your loan with ATM card or ask for their account number and transfer to it. When making transfer ensure you have their correct account number number.

Login to your dashboard s

Click on an repayment

There you will see deferent methods to pay back

Click one and make payment

Once you make payment it will reflect on your dashboard

what will happen if I default

Well if you default you will be punish by increase in your loan interest rate, and if you decide not to pay back at all, you name and BVN will be blacklisted by credit bureau, which means you will not be able to take loan again on Nigeria.

Is plenty cash loan legit

If it is to give loan yes they are legit, they will surely give you loan, but they are not license by CBN nor insured by NDIC so take caution when taking loan from them.

Our verdict on plenty cash loan

Truly plenty Asch will give you loan as long as you reside in Nigeria, but they are not license by CBN. They have good review and rating on play store which show that they know what they are doing.

They do not send defamatory message to their defaulters as at the time of writing this article but we don’t know what will later become of them.

Plenty cash Contacts

[email protected]


82 Alebiosu street, Ile epo bustop, Egbeda Lagos


As you can see plenty cash is not license by CBN so take caution when taking loan from them to avoid embarrassment. Do not take more than you can payback. Also if anything goes wrong it will take time before CBN interfere.

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