Wekash will give you instant loan in Nigeria without collateral or paper work. You don’t need to visit any location with just your phone and BVN you are good to go. With Wekash you can obtain up to #100,000 loan at a go.
Requirement to obtain loan from wekash
Below are the requirement you need to meet up with before you can obtain loan from wekash
You should reside in Nigeria
Have account and BVN
Have source of income
Have smart phone with which to download the app
You should be above 18 years of age
You should have good credit score
You must not have defaulted on any loan before
How to apply for wekash loan
Head over to play store and download wekash loan app
Launch it and register with your name and other details
You will be ask to submit your BVN, do so
You will be ask to bind your ATM card which will 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 see amount of loan you are eligible for
Click it and wait for disbursement
It should not take more than 1 hour if everything is right
How much you can obtain from weksah loan
With wekash you can obtain up to #100,000 loan but as a first timer your loan will be in the range of #10,000 to #20,000. As you continue to use the app the loan amount will increase.
Wekash interest rate and repayment period
Wekash interest rate is between 10% to 25% depending on the amount of loan obtain and the repayment period. Repayment period is between 7 days to 2 months.
As a first timer you will be given high interest rate and short repayment period, as you continue to take loan and pay back this will improve.
Repaying your wekash loan
You can repay your wekash loan with ATM card or ask for their bank account number and transfer to it. When making transfer ensure you have their correct account number .
To pay back your loan, go to your dashboard
Locate and clock on repay loan
There you will see deferent option to pay back
Chose one and proceed
Once you make the payment it will reflect on your dashboard.
What will happen if I default
If you default, your interest rate will be increase by 2% until you payback but if you decide not to pay back at all they will send you name, BVN and other details to credit bureau which means you will not be able to take loan again in Nigeria until you settle your debt and clear your name with credit bureau.
Is wekash koan legit
Yes they are legit, they really give out loan to people in Nigeria but they are not license by CBN nor insure by NDIC so take caution when taking loan from this loan app.
Our verdict on Wekash loan
It is true Wekash loan will give you instant loan in Nigeria. They have mix of negative and positive review on playstore and their interest rate is not that good. Take caution when taking loan from this loan app.
Conclusion
Above is how to obtain loan from Wekash, they do give loan to people but take caution when taking loan from this app, do not take more than you can pay back to avoid had I know.
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