Super cash loan app: interest rate, how to apply and Is it legit - Startuppreneur
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Super cash loan app: interest rate, how to apply and Is it legit

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

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Have source of income

Be above 18 years of age

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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

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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 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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