If you have been searching for detailed information about lend cash loan app, I am glad you stopped bye to read this detailed guide as it’s going to provide the appropriate information to whatever you want to know about the Lendcash loan app.
In this guide, I will provide you with detailed lend cash review, lend cash APK download and give you the detailed information on how to apply for loan on the app, Repay and also, an effective way to contact lend cash app customer care service.
Table of Contents
About Lendcash Loan App
Lendcash is a personal loan app in Nigeria, which allows you to take collateral free loan and get paid to your Nigeria bank account.
As a Lendcash app user, you will be able to apply for a loan immediately you complete your registration and once the review team Review your account, they will be able to decide if you’re eligible for the loan or not and the amount you can be able to take on your first loan application.
However, if you read this guide carefully, you will be able bro know how to apply for a loan on lend cash app properly and have high chances of getting your loan approved within 60 minutes.
Also Read: How Fairmoney Loan App Works
Lend Cash Loan Interest Rate
Lendcash loan Interest rate is 12% – 20% APR , and gives you the opportunity to qualify for a loan of up to ₦ 400,000 at a go.
How Lendcash Loan Interest Rate Is Calculated
For proper understanding, I will be starting an example to show you how the Lendcash loan app interest works and if you borrow a specific amount, how much are you going to pay back.
See the example below:
As a Lendcash loan app customer, is you borrow ₦9,000 for 180 days (6 months), the APR is 18% and this implies that the total Interest would be 9000 NGN × 18% × 180 ÷ 365 = 799 NGN.
In this case, your monthly payment would be (9000 NGN + 799 NGN ) ÷ 6 = 1633 NGN. The total repayment amount would be 9799 NGN.
However, we did a lot of findings before writing this detailed guide and a lot of users complains that the app do defaults it’s own interest rate rules, this implies that in some cases, the app impose a high interest rate on its customers, which is not contained in their terms and conditions.
The detailed information about the fact outlined in the just concluded about will be revealed Fully, in the Lendcash loan app Review section of this guide.
Lend Cash Loan App Requirements
In the previous part of this guide, I made it clear that the app reserve the right to Approve or disapprove your loan application and ensure you that if you read this guide carefully, you will have all it takes to have high chances in getting your loan application approved.
In this section, I am going to outlined some requirements you must have to be able to qualify for a loan on Lendcash loan app and the more perfect you are with this requirements, the higher your chances of qualifying for a loan.
Below are the lists of Lendcash loan requirements:
- You must be above 18 years old before you can qualify for a loan on the platform.
- You must be a citizen of Nigeria and reside in Nigeria.
- You must have a smart phone to download and install the app.
- You must provide valid information during your registration.
Lend Cash Loan App Registration
To register for an account on Lendcash app, all you have to do is to download the app and install it on your smart phone. The link to the Lendcash loan app APK download will be provided in this guide and as well as the link to download it directly from the Google play store.
Once you install the app, open it and you will be redirected to the lend Cash loan app agreement page, make sure you pay attention to all the information provided in this page as it will show you in details, a the information that the app will collect from your phone, ranging from location, calendar, SMS, phone calls and others.
If you agree with all the terms and which to grant access to all the permission required, simply click on the agree button and you will be redirected to the Lendcash registration page where you will be asked to enter your phone number.
Enter a valid phone number and an OTP will be sent to your phone number, check your message box to locate the OTP, enter it and click on the login button.
You will be redirected to your Lendcash dashboard and you have complete your registration successfully, you can then explore the app and see what features that app has gotten that you will like to always makes use of.
Lendcash login – How To Login To Lend Cash Loan App Account
To login to your Lendcash loan app dashboard, all you have to say is to open the app and you will be taken your dashboard directly, if your login session hasn’t expired.
If your login session hasn’t expired, your phone number will be requested for and you can always login to the app with your phone number.
How To Apply For A Loan On Lendcash App
To apply for a loan on lend cash loan app, all you have to do is to download and install the app on your mobile for.
Once you complete your registration, you will be taken to the app loan page, click on the apply now button at the bottom and follow the prompts to submit your loan application.
Lendcash Loan Repayment – How To Repay Lend Cash Loan
To repay your outstanding loan on Lendcash app, simply login to the app and navigate to the loan area of the app, you will see the outstanding balance and the due date of your loan.
Click on the repay button and you will be redirected to the app payment methods, select the best and convenient payment method for you and Repay the loan.
Lend Cash Loan APK Download
Having gone through the detailed information on how the Lendcash loan app works, the next thing is to download the app and explore to see if you will be able to take a loan or not.
In this section, I will provide you with direct link to the Lendcash APK download with the detailed instructions on how to install the app on your mobile phone.
Name Lendcash APK
Size 12MB
Version Latest Version
Service Loan Provider
How To Install The Lend Cash Loan APK
Simply open your phone gallery and navigate to the download folder. Open the Download folder and locate the app you just download above.
Click to open the file. If you’re prompts with a warning message, just ignore, click ok and continue. You will be asked if you want to install the app, Click on the install button and the app will be installed within few seconds.
Lend Cash Loan App Download
In case you are not used to the use of the APK file provided above, and have decided to drop the link that will enable you to download the app directly from play store and this will ensure that everyone is able to get the app installed on their phone with the help of this guide.
Name Lend Cash App
Size 12MB
Version Latest Version
Download Lend Cash Loan App Here
Ok! Having have the app installed on your smart phone, let’s dive into the lend cash loan review a d give you the reason why the loan app is either a great fit app for you or vice versa.
Lend Cash Loan Customer Care Number
It’s always safe to get the contact of a loan app at your disposal, just in case the needs arises, you will be able to get in touch with them without stress.
When you encounter any issue while using the app, be it during the loan application or Repayment, the best thing is to contact customer care service and they will help you with the appropriate solution.
However, Lendcash app only have one means to it’s customer care service and this vis email, if you have any question or enquiry, all you have to do is to send an email to [email protected].
Lend Cash Loan Review
Lendcash loan app been operating for a while and has been able to gathered more than 100,000 downloads so far.
The app have overall star rating of 4.2 on Google play store and this is one of the green light that shows that people do enjoy the service of the app.
However, before writing this guide, we have checked what people says about the app to understand the good and as well as the bad things that people do experience on the app.
Below is the green and the red flags we have found on the app.
Green Flags
There are the good qualities the app, it revealed what makes the app good for your usage and Below shows the major green flags on the app:
- The app is safe, confidential and efficient for loan application to their own best.
- It has low interest rate as contained in their agreement before loan application, long term and flexible repayment plan.
- 24/7 hours online loan application review.
- You will stand a chance to be able to request for a loan of up to 400,000 at a go.
- You money will be sent to your Nigeria bank account immediately your loan application is being Approved.
Red Flags
These are the negative sides of the app and this factor Makes it repulsive for it’s users, the more the red flags, the bad your experience will be on the app.
Below are the red flags found on the app:
Loan Interest Rate Agreement Defaults
I mentioned this in the Lendcash interest rate section and this is one of the bad things that people had experienced bon the app so far. With the official interest rate if the lend cash loan app, it can be concluded that the app has a low interest rate.
But reverse is the case at some people ends as they lament bitterly that the loan interest rate is always higher than seen before applying for a loan and this is considered bad for the app. Though a lot of shows their satisfaction on the app operation.
Lendcash tends to send money to it’s users without applying for a Loan
I was surprised when couples of people table this same complaints, imagine getting a loan you didn’t apply for not need it either and once they send the money to your bank account, it’s mandatory for you to repay the money money with interest and this is very bad.
Many people narrate how the app send a sum of 4875 to the account without requesting for any loan and when they check the repayment amount, they are surprised to see that they are required to pay back a whopping sum of 7,744 in 7days.
This implies that the interest on the loan is a whopping sum of 2895, almost doubled of what the customer received and that’s very bad. You have to be very careful on the app and if you have no interest in taking loan from the app, simply stay away.
Is Lend Cash Loan Legit
With the detailed information provided for you so far, we have be able to provide you with all you need to know about the app and give you the opportunity to determine if you’re you’re going to make use of the app or zoom off to other loan apps.
If you qualify for a loan the app, you will get the loan, but make sure you read this guide carefully to understand the facts outlined in it and to fully understand what you’re about to sign up for.
Conclusion
This guide has been able to provide you with all the information you need about the Lendcash loan app and with the detailed information provided in this guide, you should be able to use the app smoothly without any form of interruption.
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