| Interest Rate | 35% |
| Duration | From 6 days |
| Access Level | Public |
| Company Name | Cashdoor |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | |
| Views | 739 |
CashDoor: Your Instant Personal Loan and Credit Solution
CashDoor is an innovative Android-based app developed by PHOENIX PAYMENT SOLUTION LIMITED, designed to provide a fast and convenient solution for personal loans and credit in Nigeria. Whether you need quick funds for an emergency or to cover unexpected expenses, CashDoor offers a wide range of safe loan products that cater to various financial needs.
What is CashDoor?
CashDoor is a loan and credit platform that simplifies the lending process for Nigerian citizens. Through its user-friendly interface, CashDoor allows users to apply for loans ranging from ₦8,000 to ₦100,000, offering flexible terms and reasonable interest rates. The annual interest rate (APR) ranges from 25% to 62% depending on your credit evaluation, ensuring that each borrower is assessed based on their individual creditworthiness.
Key Features of CashDoor
- Loan Amount: Borrow between ₦8,000 and ₦100,000, depending on your financial needs and credit evaluation.
- Interest Rates: The APR ranges from 25% to 62% annually, providing flexible terms based on the borrower’s credit profile.
- Loan Tenure: You can select a repayment period between 91 and 365 days, giving you the freedom to choose the time frame that best suits your financial situation.
- No Processing Fees: Unlike many loan platforms, CashDoor doesn’t charge any processing fees, allowing you to access loans without any hidden costs.
How to Apply for a Loan with CashDoor
Applying for a loan with CashDoor is quick and easy. Here are the simple steps:
Download the App: Start by downloading the CashDoor app from the Google Play Store. It is available exclusively for Android users.
Create an Account: Once installed, register for an account by filling in your personal details, including identity information and other necessary documents.
Submit Your Loan Application: After registering, you can apply for a loan by selecting the amount you need. The app will evaluate your creditworthiness and assign you a loan limit based on your profile.
Get Approved and Withdraw Cash: Upon approval, the loan amount is credited directly to your bank account. The entire process is streamlined to ensure quick access to funds, so you can get financial assistance when you need it most.
Who Can Apply for a CashDoor Loan?
CashDoor loans are available to Nigerian citizens who meet the following eligibility criteria:
- Age Requirement: Applicants must be between the ages of 22 and 55.
- Nigerian Residency: You must be a Nigerian citizen with a valid form of identification.
- Credit Evaluation: Your credit score and borrowing history will be reviewed to determine the loan amount and interest rate that you qualify for.
Why Choose CashDoor?
CashDoor stands out as a reliable loan platform for several reasons:
- Quick Access to Funds: The application process is simple and efficient, allowing you to receive cash directly into your account without unnecessary delays.
- Flexible Loan Options: With loan amounts ranging from ₦8,000 to ₦100,000 and repayment periods between 91 and 365 days, CashDoor offers flexibility in both loan amount and tenure.
- No Hidden Fees: CashDoor does not charge processing fees, making it easier for you to access the funds you need without worrying about additional costs.
- Secure and Safe: The platform prioritizes user security by safeguarding all personal information shared during the loan application process.
Contact CashDoor
CashDoor is committed to providing exceptional service to all its users. If you have any questions, suggestions, or require assistance, the team is available to help. You can contact CashDoor through the following channels:
- Email: Reach out to their customer support team for inquiries or feedback.
- Office Location: Visit the CashDoor office located at 155 Herbert Macaulay Way, Yaba, Lagos, Nigeria.
Conclusion
CashDoor offers a seamless and convenient way for Nigerian citizens to access personal loans and credit. Whether you need a small loan to cover immediate expenses or a larger sum for a longer-term financial goal, CashDoor’s flexible terms, fast approval process, and transparent policies make it an ideal choice. Download the app today and take advantage of the financial support CashDoor provides.
Expert Counsel
When dealing with Cashdoor, it's important to be aware of certain practices that may cause concern for borrowers. For instance, one major issue is that they will send SMS messages to your contacts, notifying them that you owe money, which can damage your reputation. In addition, expect a barrage of unpleasant WhatsApp messages if you're even a day late on repayment. These tactics are designed to pressure you, and the repayment schedules, typically ranging from 6 to 14 days, make it even harder to stay on top of your debt.
If you fall behind, anticipate daily overdue interest rates between 5% to 7%, which can quickly escalate your debt and push you further into financial trouble. Even though they don't hold a license and can't pursue legal action, their goal is to tarnish your reputation. Once they've done that, repayment becomes secondary to them as they’ve already achieved what they wanted.
To avoid unnecessary stress, it's advisable to use Truecaller to screen and block their calls. Additionally, if you're looking to escape from predatory loan sharks, the most effective strategy is to stop borrowing from them altogether. Borrowing from other loan apps to clear your debts will only worsen your situation.
Finally, take proactive steps to block them on WhatsApp, and report them to WhatsApp and Google Play Store to help protect others from falling into the same trap.
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Reviews
This loan app is a scam,they did auto borrow me for me sn I called them back that I didn't request for money why borrowing me,there officials blocked me an started threatening me with other number (Cashdoor )- 10/1/2024
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