| Interest Rate | 46% |
| Duration | 7 days |
| Access Level | Public |
| Company Name | Cash Owomi |
| Phone 1 | |
| Phone 2 | |
| Website or Store | https://www.cashowomi.com |
| Address | |
| Category | Dangerous Loan |
| Company Email | owomicash@gmail.com |
| Views | 7,243 |
Cash Owomi is an online lending platform that offers personal loans to Nigerians with flexible repayment plans and favorable interest rates. The platform is presented by Blue Ridge Microfinance Bank Limited, and it caters to the financial needs of mobile users in Nigeria. The application process is easy and can be done completely online, with minimal documentation, and the approved loan amount is disbursed directly into the applicant's bank account.
Interest Rate
Cash Owomi offers a minimum interest rate of 0.1% and a maximum of 1% per day. The Origination Fee ranges from NGN 1,174 – NGN 6,000 for a one-time charge. The annual percentage rate (APR) varies from 36.5% to 300%, and the interest rate is calculated daily. For instance, a 91-day loan payment term has an origination fee of 39% and an interest rate of 2.7%. For a loan processed with a principal amount of NGN 3,000, the origination fee would be NGN 1,174, the interest would be NGN 81, and the total amount due would be NGN 4,255.
Company Profile
Cash Owomi is a loan app that provides quick and easy loans to Nigerians. The platform is designed to cater to the financial needs of mobile users and is presented by Blue Ridge Microfinance Bank Limited, a leading microfinance institution in Nigeria.
About Us
Cash Owomi is an online lending platform that aims to provide quick and easy access to loans for Nigerians. The platform is designed to offer flexible and affordable loan options with favorable interest rates. The lending process is entirely online, and the application is simple and straightforward.
Company Services
Cash Owomi provides quick and easy access to personal loans for Nigerians. The platform offers loans ranging from NGN 3,000 to NGN 200,000 with a loan term of 91 to 365 days. The platform is designed to cater to the financial needs of mobile users, and the lending process is entirely digital, making it convenient and hassle-free.
Our Mission
At Cash Owomi, our mission is to provide Nigerians with quick and easy access to loans at favorable interest rates. We are committed to offering flexible loan options that cater to the financial needs of our customers.
Our Vision
Our vision is to become the go-to lending platform for Nigerians by providing quick and easy access to loans that are affordable, convenient, and secure.
Our Core Values
Excellent Customer Service
At Cash Owomi, we are committed to providing excellent customer service to our customers. Our team is always available to assist with any queries or concerns.
Cooperative Partner
We aim to be a cooperative partner with our customers by providing them with flexible loan options that cater to their specific needs.
Ease of Use
We understand that our customers are busy, and their time is valuable. That's why we have designed our platform to be easy to use, making the lending process quick and hassle-free.
Security
We take the security of our customers' data seriously. We use the latest security protocols to ensure that our customers' data is protected at all times.
Instant Loans
At Cash Owomi, we understand that our customers need quick access to loans. That's why we have designed our platform to provide instant loan approvals and quick disbursals.
What We Offer
Cash Owomi offers flexible loan options with favorable interest rates. The platform provides loans ranging from NGN 3,000 to NGN 200,000 with a loan term of 91 to 365 days.
Expert Counsel
Cash Owomi: Watch Out for Borrow-and-Shame Tactics!
Hey there, hold on before you hit "Borrow" on Cash Owomi. While that quick cash might seem tempting, listen closely because what seems like a solution could turn into a major headache. Let's break it down, because this info could save you a lot of stress and money!
Embarrassing Texts? No Thanks!
Cash Owomi might play dirty if you're even a day late on a payment. They could blast embarrassing messages about your loan to your friends and family. Imagine explaining that to your grandma! Not cool, right?
Short Fuse, Big Charges:
They often give you super short deadlines to repay, like 6 to 14 days. That's barely enough time to make coffee, let alone gather the cash, especially if you're already strapped. And here's the kicker: if you miss that deadline, the interest rates go haywire, jumping 2% to 7% every single day. Yikes! That's a recipe for drowning in debt, not climbing out.
Don't Let Shame Be Your Payment:
Here's the crucial part: if they resort to public shaming, DON'T PAY THEM BACK! They already got their revenge by embarrassing you. Remember, these apps often operate outside the law, so their threats are mostly empty noise. Don't let them bully you!
Break Free from the Trap:
The only real way to escape their grip is to STOP BORROWING from them altogether. I know it's tough, but trust me, it's better than being constantly harassed and stuck in a cycle of debt. You were living before they came along, and you'll find a way again. Be resourceful, be patient, but don't borrow anymore!
Fight Back for Yourself:
To protect yourself further, use apps like Truecaller to unmask their calls and block their numbers. You can also report them directly to WhatsApp and the app store. Let them know their tactics are unacceptable!
Your Worth is Greater:
Remember, your self-respect and well-being are worth more than any quick loan. Don't let Cash Owomi or any other app bully you. By staying informed and taking action, you can break free and get back to living life on your own terms. You got this!
Remember, there are other resources available if you're facing financial difficulties. Talk to trusted friends or family, or seek help from legitimate organizations that offer financial counseling and support. Don't let predatory loan apps trap you in a cycle of debt and shame.
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Reviews
Cash-OwomiThis app s scam they said my loan approved but never been credited since no where to reach them
- 4/7/2023
- Cash-Owomi
Very good app but for the past few days now have been trying to get a new loan but wasn't given
- 4/4/2023
- Cash-Owomi
I've been using this app for over 4months now and never delayed on payment but till now my loan tenure still remains 8days to pay back huge sums. I've been promised severally that my tenure will be extended but till now its nothing.
- 4/3/2023
- Cash-Owomi
They are not reliable..they say my bank account is inconsistent and can not borrow loan ....pissoff
- 3/30/2023
- Cash-Owomi
Very fast transactions have used it once
- 3/30/2023
- Cash-Owomi
I downloaded the app today and for me to open, getting interesting a little bit until I got to the password stage, l inputed so many names numbers but still saying "password format wrong".
- 3/16/2023
- Cash-Owomi
3 days now I've not been credited and the repayment fate has started counting. scam app
- 3/12/2023
- Cash-Owomi
Very scam they have not credited my account but they saying I have loan amount of 1440
- 2/24/2023
- Cash-Owomi
Have been trying to pay my loan for the pass 4 days now and the account is not working! And there s no customer care to chat nor speak with! and i think they do this intentionally for overdue interest
- 2/18/2023
- Cash-Owomi
They are scam! They said the approved a loan of 1400 to repay 2k and yet the countdown is reading through their dashboard and money has not be credited to the provided account number since more than 72 hrs now.
- 2/17/2023
- Cash-Owomi
This app is very useless imagine collect loan from them and paid before the due date and still decrease the amount and still disappoint.
- 1/27/2023
- Cash-Owomi
i am not able to input password... keeps saying input wrong
- 1/24/2023
- Cash-Owomi
This app is not fair at all I collect loan and I payed and am not allowed to collect another one
- 1/23/2023
- Cash-Owomi
there is always password problem. Untill it is upgraded, I render it most stupid app ever seen
- 1/19/2023
- Cash-Owomi
This app is very useless, if u repay ur loan dey will tell u they've increased it,but wen u want to withdraw it, they won't give you the exact money shown to u
- 1/17/2023
- Cash-Owomi
sincerely l can not Rate them for anything because my first loan they give me #2160 pay #3000 back after you still give me #2190 again so i just want to collect it like that since yesterday the money is not withdraw the dash board is not press after they are telling me rubbish after 24 hours what is meaning of that one and i need that money for something is not good at all
- 1/16/2023
- Cash-Owomi
I can't put password . it's saying password format wrong
- 1/15/2023
- Cash-Owomi
Have been trying to make payment since this afternoon through bank transfer and its saying accou not identified. Why is it that payment cannot be made on the app, it makes payments more easier that way. The worst is there no help contact on the app, so poor
- 1/12/2023
- Cash-Owomi
Very useless app. You can't even sign-up. Stuck at otp
- 1/10/2023
- Cash-Owomi
i collected a loan which i have been trying to pay bank for the past three days now but the account given on the app is correct ..i have tried it more than 20 times and there is no phone number to contact.. they just want people to pay for overdue interest
- 1/6/2023
- Cash-Owomi
the account details provided is invalid and the customer supportdoesnt respond which means it is intentional to make overdue interest. scam app
- 1/3/2023
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