Naira cash loan – Are you looking for the easiest and most secure way to get credit in Nigeria, probably looking to buy a new car, start a small business, or pay your monthly bill, Naira cash can afford you such credit in a few minutes.
At Naira cash, the loan application is swift and easy, on disbursement money hits your account almost immediately.
What is a Naira cash loan?
Naira cash is an online credit company that lends you money in Nigeria to meet your immediate financial demands.
In this light, you can borrow money through your mobile phone in minutes without issues or collateral.
As a Nigerian looking to take out a loan, you can receive up to N100,000 at once haven meet the basic requirements for the loan.
Requirements to receive Naira cash loan
1. You must be a Nigerian who as well as resides at home
2. You should have been at least 18 years above
3. There’s a need to have a regular income source and payment remitted monthly from where your loan repayment will be carried out. As you are aware, your ability to repay a loan is subject to having a regular and stable monthly income.
4. It’s ideal to have a good credit history, by this injunction you must not be owing any financial institution, and must have a clean record of timely repayment of loans where you have dealt with other credit companies in the past.
5. You must be able to provide your valid name as can be confirmed against other valid and official documents of yours like your ID card, bank account details, etc.
6. Your home address is required
7. A valid phone number must be made available, as well as a valid email address.
The minimum and maximum amount of loan you can receive
The minimum loan you can receive on the platform is N2,000, where you have a window to apply subsequently and receive a loan of N100,000 subject to your credit history and loan repayment.
What is the loan term?
The loan term on Naira cash is usually between 100-180 days, subject to this availability you have a grace period of 100 days to pay your loan, where the longest loan tenor is 180 days.
The interest rate payable on a Naira cash loan
There’s no service fee being charged on each loan processing, the loan has a minimum annual percentage rate of 12%, as well a maximum annual percentage rate of 33% (APR).
How to apply for a Naira cash loan
As you are aware, Naira cash is an online-based loan platform, in this essence, you will need to download and install its app on Google or Apple stores available for Android and IOS operating systems.
Open the Google/Apple store, locate the “Search area” and type “Naira cash app.”
The app will appear, kindly tap on it to download, then tap on install to have it installed on your mobile device.
The next thing you will need to do is sign up for a user account with your details, complete name, phone number, and a valid email address.
The final step is to commence your loan application by clicking on “Apply for a loan.”
A loan decision will be reached to ascertain your eligibility, on approval your loan will be disbursed and it will hit your account within a reasonable interval, and that’s it.
Where can I borrow money urgently in Nigeria?
If you are tight-fisted and in need to borrow money to offset your pressing financial needs, it’s advised you check out quick loan platforms without collateral, the deposit money banks may not be the perfect idea at this time. Naira cash, Fint loan, Fast credit, etc., may just be the perfect scenario given your timeline.
Can I use my BVN to borrow money?
Lenders need your Bank Verification Number (BVN) to confirm your identity. This affords them a kind of safety since they can use the BVN to check if you are who you say you are. Note: A BVN cannot be used to access any bank account, or be used to pay money into or collect money from any account.
How can I get an instant loan in 5 minutes?
Well, the best way to get an instant loan within 5 minutes may involve borrowing from friends and family, since they can afford cash or send you money through electronic transfers.
However, no loan company will send you money within 5 minutes after application.
Naira cash contact address
Suite C 247, Ikota Business Complex, Victoria Garden City, Lekki, Lagos state.
Email: annegao911@gmail.com
Conclusion
Naira cash loan is an online credit company that gives up to N100,000 loan, with a tenor spanning 100-180 days. With minimum and maximum annual percentage rates of 12-33 percent respectively.