CashLion is a financial provider company that allows human beings to attain loans with out the need for collateral. The loan application is rapid and smooth at the CashLion app.
With an Android cellular smartphone and a Nigerian financial institution account, you can acquire up to ₦50,000 with out collateral or an in-individual look of their offices. The mortgage might be despatched to your financial institution account.
In this put up, you may discover ways to get a mortgage from CashLion, a way to down load the authentic CashLion credit score app, the hobby fee, customer service and the way to repay your mortgage.
CashLion loan necessities
Not all and sundry that applies for a loan on CashLion could be considered. The requirements are what will decide whether or not your utility might be approved or no longer.
The requirements for a CashLion credit score mortgage were listed beneath.
You have to be within the age of 20 to 60 years
You should be a citizen of Nigeria
The applicant need to have a reliable monthly supply of income
An Android smartphone (CashLion is not to be had for iPhone and Windows gadgets)
Your telephone wide variety will also be wished
The financial institution account number with which you’ll obtain the borrowed quantity
Your Bank Verification Number (BVN)
Once you have got all of the requirements, you should continue to the following step by using getting the CashLion credit software.
How to down load the CashLion loan app
CashLion isn’t always to be had for iOS and Windows gadgets. You need to download the reputable CashLion App earlier than you may enjoy CashLion loan offerings.
You can down load and install it from the Google Play Store. It has a small length of 12 MB and over 500,000 downloads. It currently has a evaluate rating of 4.5 from over 20,000 users.
How to get a mortgage from CashLion
After the installation, the next issue to do is to register on the app.
Launch the app and watch for the registration web page to be displayed. Some app permissions might be requested and you may want to allow them before the app can continue
Another page might be displayed, containing the login and sign up alternatives.
Sign up along with your phone number and click on the “Get Code” button
A One Time Password (OTP) might be despatched to your smartphone wide variety. Input the password at the app
You will want to installation your protection so that some other individual received’t attain loans with out your consent. To do that, you need to think of any four (four) unique digits which can be recognized simplest to you. Input them inside the field and verify
Click on the registration button and you will be directed to the homepage.
After the registration is accomplished, follow the steps below to obtain a loan from the CashLion credit carrier.
On the homepage, you may see a segment wherein you could pick a loan quantity and repayment term.
Use the slider to select the quantity of mortgage you would really like to achieve from CashLion
Select a reimbursement term
Click at the “Apply Now” button
The subsequent page can be proven. Here you may need to input your information
Confirm your facts after filling the boxes and completing your utility
Note that you need to anticipate some time whilst your utility is being reviewed. If your utility is authorised, the amount of mortgage you carried out for might be despatched on your bank account.
How an awful lot mortgage are you able to get from CashLion?
So a ways you have got the requirements and also you additionally input your info efficiently, you can reap a mortgage between the variety of ₦2,000 to ₦50,000.
You can’t reap more than this from CashLion credit score service.
CashLion loan tenor
Repayment of loans on CashLion credit carrier may be finished in:
3 months (91 days)
4 months (a hundred and twenty days)
6 months (a hundred and eighty days)
three hundred and sixty five days (365 days)
CashLion interest fee
CashLion has an Annual Percentage Rate (APR) of sixteen% to 21%.
For example, if a consumer obtains a mortgage of ₦1,000 for six months (a hundred and eighty days), the hobby price will be eight%. The interest quantity is ₦eighty and the total quantity to be repaid is ₦1,080.
Repayment of mortgage
To pay off your mortgage on the CashLion credit score app, observe the steps below:
Select the choice to repay through financial institution card
Input your card information
Click on “Repay Now“
Input your bank password
A One Time Password (OTP) can be despatched in your smartphone variety. Input it to finish the compensation technique
CashLion head workplace
For the satisfactory customer support offerings, you could visit the CashLion head workplace. It is located at Lekki Phase, Lekki, Lagos, Nigeria.
CashLion client care and e mail cope with
You can always contact CashLion Loan provider for enquiries and feedback, need to the need ever get up.