Review of the GetCash Loan App for 2022: How to obtain a loan from GetCash
This
post comes highly recommended for anyone who needs a loan, whether it's to
establish a business, cover medical expenses, or pay the rent. With the
knowledge shown here, you may easily download the loan app and receive a fast
loan approval.
In
this article, Smartsam59 will evaluate the GetCash loan application app and
explain how it functions as well as how to use it to apply for a loan.
What is a GetCash Loan?
Online
lender GetCash offers loans to Nigerian residents that meet the requirements.
You can have a cash limit of NGN5,000 to NGN100,000 delivered to your bank
account in just a few minutes with just your BVN and an ID card. To be eligible
for bigger sums, you do need to have good credit and a solid SMS banking
history on your phone.
My
opinion is that this app is one of the best online lenders, and our GetCash
loan review will explain why.
GetCash
Loan is a well-known lending site in Nigeria where you may apply for a fast
online loan. Millions of Nigerians now have easier access to financial services
thanks to data science. The website provides immediate loans to assist users in
meeting both their personal and professional demands. The business is active in
Nigeria.
If
you use Android, you may get the app from the Google Play Store.
Get
a loan in Nigeria for up to N100,000 at the lowest possible rates.
With
the help of our loan simulator, you can now compare interest rates from several
lenders and choose the best offer. Before committing, it's important to compare
several loan offers in order to make an informed choice. With the help of our
simulator, you can quickly compare loan offers from several lenders in less
than 5 minutes, allowing you to choose the best financing option. Try it today.
Does the GetCash Loan App Offer Loans?
Numerous
loan alternatives are available through the GetCash Loan app;
Lending
options include loans for business, vacation, personal usage, emergencies, and
medical expenses.
What Steps Must I Take to Get a GetCash Loan?
You
may apply for a GetCash loan using a smartphone, and you won't need to provide
any security in order to get one.
You
will be prompted to enter your contact information after downloading the
GetCash app, including your phone number (preferably the one that receives bank
alerts), bank verification number (BVN), and bank account number.
Then,
GetCash will request access to your phone's information, SMS history, contact
information, and GPS data. Based on this data, they will create a credit score
for you.
Your
credit score has an influence on the loan amount you are eligible for, the
payment option you may choose, and the interest rate you will be charged. Your
chances of being approved increase with a higher credit score.
Before
registering, make sure your phone has sufficient Internet access so that the
app can accurately calculate your credit score.
Eligibility Requirements for GetCash Loans?
You
would not have to offer any collateral or fill out any paperwork to apply for a
loan on GetCash. GetCash will just ask for the following information to set up
your account and credit score.
Be
a Nigerian citizen or legal Resident.
Be
between the ages of 18-55 years old.
Have
a Monthly income source.
Bind
your ATM card to your account
What is the Interest Rate of GetCash Loan?
GetCash
loan interest rates differ and are determined by a variety of variables. These
considerations include your credit risk, bank history, lending costs, and
payback history with GetCash.
The interest rates you may expect if you apply for a loan using the GetCash app are listed below.
The
interest of Getcash is lowest among all the loan app in your phone, which is
from 5% to 27% and APR is from 26% to 334%.
Example:
If
you get the loan of N3,000 and you prefer to pay back after 180 days, the
interest of the loan would be 3.5% per month and the total interest rate would
be 21%.When the due date arrived, you should repay N3,630 to Getcash.
Anytime
and anywhere,you could get the quick loan service from Getcash, all around the
clock, from Monday to Sunday,.
Note that this interest rate and loan
duration is just an example, expect your actual loan and duration to be much
lower. Borrowers with a good credit score (credit history) often receive the
lowest interest rates.
What are GetCash Loan Limits?
Currently,
GetCash only provides loans ranging from N5,000 to N100,000, with the most you
can borrow being N100,000 and the least being N5,000.
As
a new user, you cannot borrow more than N100,000. You must initially borrow and
successfully return lesser loan amounts on time. This manner, you can increase
your credit limit and your ability to borrow higher sums.
How Do I Get A Loan From GetCash as a Nigerian?
Borrowing
money from GetCash is very easy and can be done within 1hr or even less
depending on the amount you are applying for! You can follow the steps below to
get access to a loan.
Download
the GetCash Loan app from Google Play Store (there’s no Rushcredit Loan app for
iOS users at the time this post was published)
Create
an account and fill out a simple form. Ensure that you provide your accurate
details to avoid unnecessary delays in receiving your loan
Find
out the amount of money you’re eligible to receive a loan and apply
Receive
the money in your bank account in not more than 24 hours
Procedure for obtaining a GetCash loan?
Launch
the GetCash loan app or Login
online.
Register
an account
Select
“My loan” from the menu.
Choose
your loan amount and payment terms.
You
can repay your loan on a weekly or monthly basis. Alternatively, you can pay
back within two months.
To
view the entire terms of your loan, click on “Loan information.” You will see
the payment due date as mentioned in the loan terms.
Click
on “See all charge information” to find out what your interest rate is.
After
you’ve decided on the loan amount and terms, click “Request this loan.”
On
the following page, you will be prompted to select the bank account into which
you would like the loan to be deposited.
If
you have a decent credit score, you will receive your loan within 24 hours.
Process of Paying Off A GetCash Loan?
To
repay your loan with the GetCash app, simply log into the GetCash lending app.
Select
“My loan” from the menu.
Tap
the “Tap to Pay” button.
Enter
the amount owed (the amount will depend on the loan terms you agreed to when
applying for the loan).
You
can return your loan with either your bank card or your ATM card.
GetCash Loans Customer Service?
If
you have any problems with loan repayment or receiving cash after approval, you
may quickly contact GetCash using the channels listed below.
Address:
Admiralty Way, Beside Tantalizers, Providence House 105112, Lekki Phase 1,
Nigeria.
What Happens If I Don’t Repay My GetCash Loan?
Late
payments or inability to repay loans can reduce your credit limit and prevent
you from obtaining subsequent or larger loans. GetCash may also report you to
the National Credit Reference Bureau, preventing you from obtaining loans from
other lenders.
Is GetCash Loan Legit?
Yes!
From our experience with GetCash Loan, I can say that they do what they say. No
hidden charges. You just need to ensure that you make your loan repayment once
it’s due to avoid having issues with the credit bureau.
Is GetCash Loan Scam?
No!
We discovered that GetCash is extremely safe to use while completing our
GetCash loan evaluation.
Final Verdict
If
you’re seeking for a legitimate and reliable means to obtain loans of up to
N100,000, you should download the Prime app. New users, on the other hand, may
only obtain loans of up to N5,000.
Conclusion
At
the moment, the GetCash loan app is one of the top most-downloaded finance apps
in Nigeria and widely used when compared with other lenders. The app takes care
of loan needs with ease, allowing you to focus on growing your business and achieving
your personal goals. In the process, it has reached more people, pulling them
out of financial exclusion.
We
have curated posts on some other lending platforms such as Branch loan,
Swiftkash loan, fairmoney, Pickcredit, Cashpaddie and so on.
