CashMe loan app: Get up to ₦100,000 loan in Nigeria

CashMe loan app is a new lending Platform for mobile users in Nigeria. You can lend up to ₦100,000 with this app without paperwork, upfront fee nor collateral. This app is a good option if you need personal loan or urgent business support loans.  

CashMe loan app provide customers with high quality services and fast online loan process. No paperwork or credit card needed,you can just use your phone and even apply a loan at home. Loan application process is secure and safe. With simple steps and minimal documentation, users can get qualified loan products which is 100% online process.

In this article, we are going to look at  the features of this loan app, the interest rate, requirements and how to apply for CashMe loan app and get instant approval.

Loan Features

1. Loan Amount: This loan app offers loan ranging from NGN 7,000 to NGN 100,000 to eligible customers who meet their requirements.

2. Loan Tenure: their loan term ranges from 91 days ~ 365 days. You are expected to payback your loan within this period of time.

3. 100% online process & 24×7 access to loans

4. No credit history required

Note: This loan app will charge Penalty only when someone delays their scheduled loan repayment.

Requirements to get a loan from CashMe loan app

You must meet the below requirements to be eligible for loan collection from the loan app.

1. You must be a Nigerian Citizen

2. You must be between 18 years or above

3. You must be Salaried/self-employed with regular source of income

4. Must have a bank account with BVN

5. Must have an Android phone with stable internet connection.

6. Valid documentation

7. Must grant necessary permission in the app.

How to APPLY for CashMe loan

follow the below steps in order to apply and get instant loan from CashMe loan app

1. Download CashMe loan app from google play store

2. Sign up and register an account with your phone number

3. Fill in basic information required in the app

4. Submit the application

5. Wait for approval

Loan Amount, Tenure, Interest & Penalty
1. Loans Amount: NGN 7,000 to NGN 100,000
2. Loan Tenure: 91 days ~ 180 days (including extension time)

Interest rate 

The Annual Percentage Rate (APR) is 36%~48% according to customer’s credit score
No membership fees No Origination Fees No Rollover Charge No Transaction Fees
Penalty is charged only when someone delays their scheduled payment.

Example:
If the loan amount is ₦20,000 for 91 days (3 months), the APR is 20%, the interest and total amount to pay on the due date is
Interest: ₦ 20,000 * 20% / 365 * 91 = ₦ 997
Principal repayment = ₦20,000
Total amount of repayment: ₦20,000 + ₦997 = ₦20,997
As the repayment period is for 3 months:
Monthly repayment is ₦20,997 / 3 = ₦6,999

How secured is the loan app

Don’t worry about your personal information. CashMe promises that it is safe and they will not share it to anyone without your consent.

CashMe customer care service

If you have any questions, feedback or enquiry regarding the loan app, you can contact their customer service through the information below

Customer Service Email: help@cashmeonline.com

Address: Amos house, 12 ogunlana drive, Surulere, lagos, Nigeria,200113

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