CASHWISE C.E.OKashKash Loan App Review: Is it Legit? Interest Rate | App Download:
Even if you can’t spot the KashKash loan app in the Play Store or App Store, it’s still up and running online.
This handy app gives you the freedom to grab a loan without collateral, and guess what? The money lands in your bank account in just a matter of minutes.
Wondering if KashKash is the real deal or just another scam? Well, you’re in the right place. We’re diving deep into an unbiased review of the KashKash loan service.
From what you’ll need to qualify for a loan, to whether you can place your trust in them, how to get your hands on the app, and the steps to apply for a loan— we’ve got it all covered here.
So, let’s not waste any more time and dive right in!
Is KashKash Loan Legit?
The million-naira question everyone’s asking: Is KashKash legit? From my own experience using the app, I can say it’s a legit platform.
However, it’s not one I’d easily recommend, and here’s why:
There have been multiple complaints from users who’ve said they faced auto-debit issues even after settling their loans. It’s like the app keeps taking money when it shouldn’t.
And don’t get me started on their customer service.
Trying to reach them can be a real headache, according to longtime users, especially those who’ve experienced this auto-debit problem after they’ve paid back their loan.
So, if you’re thinking about safety first, my advice would be to steer clear of KashKash loans for now.
About KashKash Loans
KashKash is a digital lender that provides a hassle-free way for Nigerians to get loans, with no hard and fast rules involved.
With KashKash, you can snag a loan without needing any collateral, a guarantor, or even an ID. All it takes is an Android phone and the KashKash app installed on it.
Then you’re all set to have a loan transferred to your bank account in no time.
The app itself is a breeze to use. Its straightforward and user-friendly interface makes applying for loans totally stress-free.
But wait, there’s been some talk that KashKash might be a scam. That could be why you can’t find the app on the Play Store or App Store. So, is it true? Stick around to get the lowdown.
KashKash Loan Requirements
Given that KashKash makes getting an online loan pretty effortless, with no need for a guarantor or piles of paperwork, you might be wondering what you do need. Well, here’s the rundown:
You need an Android smartphone. The KashKash app has to be installed on that phone. You must be a Nigerian citizen and live in Nigeria. You should fall within the age bracket of 22 to 55 years. You must have:
- A valid BVN.
- A bank account in good standing.
- A functioning email address.
- And lastly, you need a stable monthly income.
This will help KashKash decide how much you can comfortably pay back. If you don’t tick these boxes, you won’t be able to apply for a KashKash loan. Simple as that.
Now let’s move on to the KashKash Loan interest rate.
KashKash Loan Interest Rate
One area where KashKash might make you pause is their high interest rates, especially when you compare it to other apps like Fairmoney.
The interest rates here can swing wildly from 0.1% up to a staggering 30%, and that’s before you even consider the origination fees.
They’ve got origination fees that can range anywhere from NGN 1,174 to NGN 6,000, slapped on as a one-time charge.
And if you’re thinking in terms of APR, brace yourself. It ranges from 36.5% to a whopping 300%. Plus, they calculate this interest daily.
Let’s Break It Down Here’s an example to make it clearer:
If you go for a 91-day loan, you’re looking at an origination fee of 39% and a daily interest of 2.7%.
Take a loan of NGN 3,000, and the origination fee will be NGN 1,174. Add an interest of NGN 81, and you’re looking at repaying NGN 4,255 in total.
So basically, on a NGN 3,000 loan, you’d be paying a total interest of NGN 1,255.
If these numbers don’t scare you off, then keep reading to find out how you can get your hands on a KashKash loan.
How to Get a Loan on KashKash Loan App
Obtaining a loan from KashKash is pretty straightforward, thanks to its no-fuss user interface and simple signup steps. Here’s how you go about it:
- First, grab the KashKash app (we’ll get to how you can do that in a moment).
- Next, create a new account by registering.
- Once that’s sorted, tap on “Apply Now.”
- Fill out all the details they ask for—make sure it’s accurate!
- Enter the loan amount you’re aiming for.
- Choose how long you’ll need to pay it back. If everything checks out, you’ll get the loan sent straight to your bank account.
Didn’t get approved? Don’t worry, you can always try again.
How to Download the KashKash App
So you’ve heard that the KashKash app isn’t available on the Google Play Store or the App Store, right? Don’t sweat it; you can still get it on your phone.
To get the app, you’ll need a web browser—anything like Chrome, Firefox, Brave, or Opera Mini will do.
Simply click the link below, and it will take you directly to the KashKash app download page.
KashKash Loan App Review
This article focuses on giving you a detailed review of the KashKash loan app. So let’s dive into its features to see if it’s worth your time.
Firstly, one of the big draws of KashKash is that they offer quick loans to Nigerians without the need for documents, a guarantor, or collateral. Sounds good, right?
But hold on, the second point is that their interest rates are sky-high, ranging from 0.1% to 1% per day. So yeah, it’s not all roses.
Another thing to note is the app isn’t available on Google Play Store or App Store. Plus, there’s not much feedback about it online.
The most you can borrow from KashKash is ₦200,000, and you’ve got up to a year to pay it back.
Navigating through the KashKash app is a breeze; it’s very user-friendly.
Finally, their customer service leaves much to be desired. They’re reachable via phone call, WhatsApp, and email, but don’t expect miracles.
KashKash Contact Details
Need to reach out to them? The KashKash customer care number is 09087614169.
They’re available from Monday to Friday between 8:30am and 5:30pm, and on weekends from 11:00am to 5:30pm.
You can also message them on WhatsApp at +234902941551. They usually respond pretty quickly.
For email support, shoot them a message at help@kashkash.ng, and they should get back to you ASAP.
FAQs on KashKash Loan
Who’s Eligible for a KashKash Loan?
If you’re between 20 and 55 years old, you’re in the clear to apply for a KashKash loan. Your job and income don’t matter much.
Just make sure you’ve got an Android phone, internet access, valid ID, and a working bank account.
How to Get a Loan from KashKash
Getting a loan is a straightforward process. Open up your KashKash app, hit that “Apply Now” button, fill out your info, specify how much you need, and boom—you should have the money in your account in no time.
What Do You Need to Secure a KashKash Loan?
You’ll need a handful of things: a valid bank account, a BVN, an email address, and proof that you’ve got money coming in regularly.
How to Pay Back Your KashKash Loan
Paying back the loan is a piece of cake. The platform will automatically take the due amount from your bank card on the repayment date.
Just make sure you’ve got enough cash in the account. Alternatively, you can log into the app and hit the “Make a Repayment” button.
Is Your Info Safe with KashKash?
According to them, your info is safe and sound. They’ve stated on their site that they won’t share your personal info with anyone unless you give them the green light.
So, you can rest easy on that front.
Wrapping Up KashKash Loan App Review
And that is it, we are done with all the information you need on KashKash loan app. From the requirements to the application methods and other information.
CASHWISE C.E.O
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