Secucash loan app: interest rate, how to apply, is it legit - Startuppreneur
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Secucash loan app: interest rate, how to apply, is it legit

Secucash loan app is another loan app in Nigeria where you can obtain unsecure loan. With this loan app you don’t need collateral or guarantor and you don’t need to leave your location, everything will be done on your phone.

With Secucash loan app you can obtain up to #100,000 loan at a go. Their loan processing is very fast within one hour of submitting application, your loan will be disburse.

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Requirements to obtain secucash loan

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

  • Have bvn and bank account
  • Have source of income
  • Be above 18 yeas of age
  • Reside in Nigeria
  • Have smart phone with which to download the loan app

Once you meet up with this requirements you can go ahead and obtain loan from this app

How to apply for secucash loan app

The first step to take is to head over to play store and download the loan app

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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 secucash loan app

The maximum you can obtain from this loan app is #100,000 if you are applying for the first time you will not get up to this, your eligible loan will be around #30,000 but as you continue to take loan from this app your loan limit will be increase.

Secucash loan interest rate and repayment period

Secucash interest rate is between 5% to 20% depending on the amount of loan borrow and the repayment period. The repayment period is between 7 days to 365 days also depend on the amount of loan borrow.

If you are applying for the first time, your interest rate will be high and your repayment period will be short as you continue to use the app it will improve.

Paying back your secucash loan app

To payback your loan head over to your dashbaord

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.

Trust me this process is usually time consuming, your best bet is to pay your loan as at when due.

Is Secucash loan app legit

If it is to give loan, they will you loan but they are not license by CBN nor insure by NDIC.

Our final verdict on Secucash loan app

Secucash loan app is legit, they will surely give you loan. They have good review on play store and this means they they are doing something good.

They do not harass their customer which is a good thing . the problem with this loan app is that they are not license by CBN nor insure by NDIC

Also, they have short repayment period especially for the first time, their interest rate is much. I will advice you to exercise caution, when dealing with them only take take loan that you know you can pay back, try to avoid embarrassment.

Secucash contacts

Mobile: +234 8056294848.Working hours:Monday to Friday: from 9:00am to 6:30pmSaturday to Sunday: From 10:00am to 6:00pmAddress: GRA, Ikeja, Lagos, Nigeria

Conclusion

Above is how to obtain loan from Secucash, as you can see, they do give out loan but I will advice you to take loan that you know you can pay back to avoid had I know and embarrassment.

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