Cashlion is a financial service provider app that allows you to take easier and faster loan within the need of collateral or your physical appearance at any of their offices. In this guide, I am going to provide you with the direct link to the cashlion loan app download.
With your mobile phone, internet connection and cashlion loan app, you can get up to N200,000 (two hundred thousand naira) loan without collateral and you will be paid directly to your Nigeria bank account.
Table of Contents
What Is Cashlion Loan App?
Cashlion is a loan service provider app as it has been stated in the previous part of this guide.
On cashlion, you’re allowed to apply for money online without collateral and Get your loan disbursed into your bank account.
How Does Cashlion Loan App Works
Cashlion loan app works the same way easemoni loan app APK works and all required of you to get a loan from the app is to:
- Download the app.
- Register for an account on the app.
- Request for a loan by submitting a loan application.
- Receive the loan you applied for into your Nigeria bank account.
- Check your loan due date to know when you’re supposed to pay back the loan.
Above is the summary on how cashlion loan app works and in this guide, we are not aiming at giving you the summary alone, but the detailed information on how the app works and how to use it’s service without any form of stress.
In this guide, I will explain to you in details, how to apply for a loan on cashlion, cashlion loan interest rate, how to Repay cashlion loan, how qualify for a loan and other things you need to know about the app.
Cashlion Loan Interest Rate
This is the first factor to check when trying to use the service offered by any loan app. Loan interest is a constant factor for all loan app and it’s a very smart move for you to check the loan interest rate before you apply for a loan.
This will give you full knowledge of what you’re about to opt in for, know the amount you’re going to receive and the amount you’re going to pay back.
With that, you will be able to compare the interest with other loan apps and determine if the rate is moderate or too high.
The Cashlion Loan App Offer:
– Loan Amount: ₦ 2000 – ₦ 50,000
– Loan Term: 91 – 365 days
– Interest rate: 16% -21% APR
– Service Fee: 0
The above breakdown shows that the Cashlion app allows you to take a loan of N2000 to N5000 and repay within a period of 91 days to 365 days with interest rate of 16% to 21% APR.
How Cashlion Loan Interest Rate Is Calculated
For better understanding on the Cashlion interest rate, below shows an example of how it’s been calculated and how much you will pay as interest if you borrow 2000 naira;
If the loan amount is 2000 Naira and the loan term you choose during the loan application is 180 days. The total Interest would be 2000 Ksh *0.00067*180 = 240 NGN.
Cashlion Loan Requirements
This is another important thing you should know about any loan app, it determines if you’re going to qualify for a loan or not.
Not everyone that submit a loan application will be able to get a loan from cashlion and your chances if getting loan from the app solemnly depends on how much your met the app requirements.
Below are the basic cashlion loan requirements:
1. You will only be able to take a loan from cashlion if your age is between 20 to 60 years.
2. You must be a Nigeria citizen.
3. You must provide valid information during your registration.
4. Your source of income and how much you earn on a monthly basis have a great impact on your loan application.
5. A smart phone and the Cashlion loan app itself.
Cashlion Loan App Registration – How To Register On Cashlion
To register for an account on cashlion, simply download the app and install it on your smart phone. The link to the cashlion 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 download and install the app, open it and you will be taken to the app registration page. The app will request for some permission, grant all permission requested by the app.
Once you get to the page with sign up and login options, click on sign up option and enter your mobile phone number (Number attached to your BVN preferably).
Once you enter your phone number, click on the get code button, an OTP will be sent to your phone number, enter the otp into the second box.
You will be asked to enter a four digits password, chose a unique four digits PIN that you will be able to remember at anytime and enter it into the box. Click on the register button and you will be redirected to cashlion app homepage immediately.
How To Apply For Cashlion Loan
Once you complete your registration, you will be redirected to the app homepage and you will see a button that asked you to choose a loan amount and loan period as shown in the picture above.
Simply use the slider to choose the amount off loan you want to apply for, choose a loan duration (time taken to repay) and click on get my loan button.
You will be taken to where basic information about you are being asked, fill all the boxes with valid information and follow the prompts to complete your loan application.
Cashlion Loan Repayment
To Repay your outstanding loan on cashlion, simply login to the app and click on bill button at the bottom of the app homepage.
You will be taken to where your loan outstanding is stated, you will have access to your loan due date and a repayment button.
Click on the repay button and you will be taken to the cashlion loan repayment page, select the repayment method that is convenient for you and follow the prompts to complete the loan repayment.
You want to login to your cashlion loan account?
Simply open the app and you will be redirected to your account dashboard immediately, if your session has not expired.
If your login session has expired, you will be taken to the login page directly, simply enter your phone number and you Four digits password, then click on the login button.
You have login to your cashlion Account successfully!
Cashlion Loan App APK Download
Having gone through the detailed information about the Cashlion loan app, the next thing is to download the app and explore it to your own best advantage. If you have been searching for the Cashlion loan APK, search no more, the APK version of the app will be provided for you in this section.
Name Cashlion Loan APK
Version Latest Version
Service Loan Provider
Above is the APK version of the app and in case you’re not ok with the APK version, do not worry the next section will provide you with the link to download the app directly from play store.
Cashlion Loan App Download
In this section, you’re going to be provided with the link to download the app directly from play store, this will give you the opportunity to choose the version of the app that is convenient for you and get the app downloaded to your phone without any form of interruption.
Name Cash lion App
Version Latest Version
Service Loan Provider
Cashlion Loan Customer Care Number
if you encounter any issue on the app, the best thing is to contact the app customer care service and discuss the issue with them, they are in the best position to provide solution to which ever problem you’re having with the app.
In this section, I will provide you with the Cashlion customer care number and other means to contact them whenever you need to.
Cashlion Customer Care Line And Office Address
If you have any issue on the app, be it will the loan application, loan repayment or you need to make an enquiry about their product and services, below are how you can reach cash lion customer service;
E-mail : [email protected]
WhatsApp Number : +234 8109252549
Office Address: Lekki Phase, Lekki, Lagos, Nigeria
Cashlion Loan Review
Cashlion loan review is an insight that help you with all the details you need to know if the app is legit or not.
Cashlion loan app has gathered about 500,000(five hundred thousand) downloads since it’s lunch and still growing. This shows that a lot of people are using the app.
The app have an overall star rating of 4.5 on play store, which clearly shows that more than 70% of the app users love their experience on the app and agreed to the fact that the app is good at what it does.
However, a lot of cashlion users complains that the app is found of modifying loan repayment duration and when you request for a loan, you might not have enough period of time to repay the loan.
Also, the app interest rate tends to fluctuate and might be very high at some point in time.
Is Cashlion Loan Legit
Cashlion loan will send your loan amount to your bank account if your loan is approved and the best thing for you is to repay the loan before it’s due date, make sure to repay the loan at least, few days before the due date so as to avoid embarrassment.
The information provided in this cashlion loan app download has revealed all you need to know about the app and how to have access to the app product and services. After reading this guide, you should be able to use the app without any form of problem.