Cashdey Loan App Review

You can get a loan right away with the Cashdey loan app. You don’t need collateral or paperwork, and you don’t have to go anywhere with your phone to get the loan.

Their loan processing is very fast. After you fill out an application, your loan will be sent to you within 30 minutes. You can get a loan of up to #100,000 from cashdey loan at once.

cashdey loan app

How does cahsdey loan app work?

In Nigeria, Cahsdey loan app is a finance company that gives out loans that don’t have to be paid back. They give business loans and loans to people.

Requirement to obtain cashdey loan

As with other loan apps in Nigeria, you must meet the following requirements before you can get a loan from cashdey.

  • Have source of income
  • Reside in Nigeria
  • Have money in the bank and a BVN
  • Get a good credit rating.
  • Be at least 18 years old

How to apply for loan on cashdey loan app

Download cashdey loan app on play store

Launch it and register with your name, BVN and other details

You will be asked to tie down your ATM card, which will cost you #30. Do this and move on.

Once you’ve finished signing up, you’ll go to your dashboard.

Find “loan” on your dashboard and click on it.

There, you can find out how much of a loan you can get.

Click this loan and wait for it to be paid out.

It shouldn’t take more than 30 minutes if everything goes well.

How much can you get from the cashdey loan app?

You can get a loan of up to #100,000 from cashdey loan at once. If you are getting a loan for the first time, you will be able to borrow less than this. As you continue to borrow and pay back loans, the amount you can borrow will go up.

Cashdey loan app interest rate and how long you have to pay it back

Their interest rates range from 12% to 25%, depending on how much money they borrow and how long they have to pay it back. The length of time you have to pay back the loan is between 7 days and 3 months, depending on how much you borrow.

Paying back a loan from Cashdey

You can pay back a cash bean loan with an ATM card or by getting their account number and transferring the money. Make sure you have the right account number when making a transfer to avoid stories that touch

  • Sign in to your account.
  • Find “loan repayment” and click on it.
  • There, you’ll find different ways to repay your loan.
  • Click on one and move on.

As soon as you pay, it will show up on your dashboard.

If it doesn’t, get in touch with them

if I don’t pay back, what will happen?

If you don’t pay back, your interest rate will go up, and if you don’t pay back at all, they might send a message to your contacts that says bad things about you. This can be embarrassing.

Is cashdey loan legit?

Yes, cashdey loan is real and will give you a loan, but they are not licensed by CBN and are not insured by NDIC, so you should be careful if you borrow from them.

What we think about cashdey loan

Cashdey loan is a real loan service that has been around for more than 6 months.

They have good reviews and a good rating on the Play Store, which shows that they are doing something right. However, since they are new and not licensed by CBN, I would advise you to be careful about getting a loan from them.

Conclusion

Cashdey Loan App is not licensed by CBN. not covered by the NDIC. If something goes wrong, it will take time before the CBN steps in, so be careful if you borrow money from them.

Don’t borrow more than you can pay back to avoid saying “I should have known.”

Leave a Reply

Your email address will not be published.