Free-to-use personal loan app in Nigeria
KashKash: Personal loan in NG
is a
free
finance app
for use in Nigeria. This
banking
and online lending platform from KashKash is ready to offer
instant funds
to citizens in need through convenient, reliable, and
safe cash loans
. While the app is free to use, it requires users to
register
and get themselves verified before they qualify for a loan.
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On the plus side, KashKash: Personal loan in NG offers an
increasing loan amount
that works with its flexible payment terms. Users from other countries can check
MudraKwik
for India,
OnLoan
in Ghana, or
WowPera
in the Philippines.
Quick and reliable cash loan
Like most personal loan apps, KashKash: Personal loan in NG is free to use, making it
accessible to users in Nigeria
. However, as mentioned, an
account verification
process is needed. Here is where it can get difficult for some users, with failure to get verified requiring users to go through the entire process all over again. Still, should things go smoothly, users can
get verified in a couple of days
.
As a loan app, Nigerian users can enjoy loans from
10,000 to 100,000 naira
. It usually starts with a low amount that gradually increases with every successful loan that users make with the app.
Repayment terms
vary from a little over three months (91 days) to a full year. The amount and the repayment terms also affect the
interest rate,
which varies from 12 to 24 percent.
As an app, it works smoothly, with
an overall layout
that makes it intuitive to use, even for non-tech-savvy users. Still, it’s worth reiterating that for all its convenience and security, it only works in Nigeria
,
where the business behind the app is based. Also, applying for a loan through the app necessitates the need to
submit personal and banking information
, which is stored with the lender.
A good local app
It
only works in its native Nigeria
but KashKash: Personal loan in NG is a good app technically speaking. It facilitates the application and approval process in a
streamlined, visually-appealing application
layout. Furthermore, it has a quick approval process should all requirements be met, allowing users to access the funds they need and repay them at terms amenable to them.