Super cash is another loan app in Nigeria that give out instant loan without collateral, with this loan app you can obtain up to #100,000 loan without collateral or paper work. The loan processing is fast, within hour of submitting application your loan will be disburse.
Super cash loan requirement
Below are the requirements you need to meet up with before you obtain loan from this app
Have source of income
Be above 18 years of age
Have good credit score
Have bvn and bank account
Have smart phone with which to download the loan app
How to apply for super cash loan
The first step to take is to head over to play store and download the 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 dashboard
There you will see amount of loan you are eligible to obtain
Take this loan offer and wait for disbursement
How much you can obtain from super cash loan
With super cash loan app you can obtain up to #100,00 at ago, but as a first timer the amount of loan you can obtain will not be up to this, as you continue to use this app the amount of loan you can obtain will be increase .
Super cash loan interest rate and repayment period
Their interest rate is between 5% to 25% depending on the amount of loan obtain. Their repayment period is between 7 days to 90 days also depend on the amount of loan obtain.
As a first timer your interest rate will be high while your repayment period will be short as you continue to use the app this will improve.
Paying back your super 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 super cash loan legit
The loan app is legit they have given loan to many people in Nigeria, but they are not license by CBN nor insured by NDIC.
Our final verdict on super cash loan app
super cash loan will surely give you loan, they have both negative and positive review on play store. As at the time of writing this article their rating is not encouraging. I will advice you to exercise caution when taking loan from this app.
Conclusion
Above is how to obtain loan from super cash loan, as you can see they will surely give you loan, but that does not mean you should obtain loan beyond your capacity, try to avoid had I know and embarrassment.
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