Eagle Cash - Loan Shark Review
Interest Rate 40%
Duration From 7 days
Access Level Public
Company Name Eagle Cash
Phone 1 0904 692 2886
Phone 2
Website or Store
Address
Category Dangerous Loan
Company Email feedback@eaglecash.com
Views 194

At Eagle Cash, we understand that everyone’s financial needs are unique. That’s why we offer a wide range of loan products designed to meet the diverse requirements of our customers. Here’s an in-depth look at what Eagle Cash can offer you:

Product Description

Loan Amount:

You can borrow amounts ranging from ₦50,000 to ₦500,000, ensuring that we can accommodate both small and substantial financial needs.

Loan Term:

The repayment period is flexible, ranging from a minimum of 91 days to a maximum of 180 days, including renewal time.

Interest Rate:

Our loans come with a maximum Annual Percentage Rate (APR) of 35% per year, making it easier for you to manage your repayments.

Example Loan Calculation

To give you a clearer picture of what to expect, here’s an example:

Loan Amount: ₦100,000

Loan Term: 1 year

Interest Rate: 10% per annum

At the end of the term, the interest you will need to pay is ₦10,000 (₦100,000 * 10%). This brings your total repayment amount to ₦110,000 (₦100,000 principal + ₦10,000 interest).

Data Protection

At Eagle Cash, your privacy and security are our top priorities. Here’s how we protect your data:

Encryption: Your personal data is encrypted before transmission to our servers.

Consent: We collect your information only with your explicit consent.

Confidentiality: Your data will never be shared with third parties without your permission.

Simple Requirements

To apply for a loan with Eagle Cash, you need to meet the following criteria:

Age: You must be between 18 and 65 years old.

Valid Bank Account: You need to have a valid bank account for the loan disbursement.

How to Apply

Step 1: Download the Eagle Cash App

Search for “Eagle Cash” on the Google Play Store and download the app to your mobile device.

Step 2: Register an Account

Register using your phone number and complete your profile with accurate information.

Step 3: Fill Out Online Forms

The application process takes only 3-5 minutes. Fill out the required information accurately to proceed.

Step 4: Submit the Application

Click the “Submit” button to apply for a loan. Once approved, the loan amount will be transferred to your bank account swiftly.

Our Promise of Safety and Security

We take your privacy very seriously and ensure robust security measures to protect your personal information. We will ask for permissions to use your phone's data, such as SMS history, solely to verify your identity and create a credit score. This information is strictly used for this purpose and will never be shared without your explicit consent.

 

Eagle Cash is your reliable partner for accessing financial support quickly and conveniently. Download the app today and take the first step toward achieving your financial goals with ease and confidence. We're here to support you every step of the way!


Expert Counsel

 

Loan apps might seem like an easy solution for quick cash, but they come with significant risks. Here are ten crucial tips to help protect yourself when using online lending platforms:

  1. Prepare for Aggressive Follow-ups if You're Late
    • Even a slight delay in repayment can trigger a flood of messages, often on platforms like WhatsApp. If these messages become overwhelming, consider blocking the sender to protect your peace of mind.
  2. Avoid Borrowing from Multiple Apps
    • Taking out loans from different platforms to cover existing debts can lead to a deeper cycle of debt. Steer clear of this approach to maintain financial control.
  3. Beware of High Late Fees and Interest Rates
    • Missing payments can lead to daily interest charges ranging from 5% to 7%, causing your debt to grow rapidly. Avoid missing deadlines to prevent accumulating excessive interest.
  4. Only Download Apps from Official Stores
    • Stick to trusted sources like the Google Play Store when downloading loan apps. Unverified sites can compromise your privacy and expose you to cyber risks.
  5. Consider Safer Alternatives
    • Many loan apps are designed to trap users in debt cycles, impacting financial stability and privacy. Seeking out more secure and traditional financial options can help avoid these pitfalls.
  6. Watch for Short Repayment Periods
    • Some apps set repayment terms as short as 6 to 14 days, making it challenging to repay on time and often leading to debt traps. Ensure you’re comfortable with the repayment schedule before borrowing.
  7. Protect Your Privacy and Reputation
    • Loan apps may contact your family or friends to pressure you, potentially harming your reputation. For some, this alone is a reason to avoid these apps entirely.
  8. Break the Borrowing Cycle
    • The best way to escape high-interest debt is to stop borrowing altogether. While it might be challenging initially, taking a break from these loans is essential for financial recovery.
  9. Use Call-Blocking Apps Like Truecaller
    • Apps like Truecaller allow you to screen and block unwanted calls from lenders, helping to reduce stress from persistent calls and messages.
  10. Report and Block Aggressive Contacts
    • If you receive abusive or threatening messages on platforms like WhatsApp, block the sender and report them to both WhatsApp and the app store to help protect others from similar harassment.

By following these guidelines, you can protect yourself from the risks of predatory loan apps and safeguard your financial well-being. Stay informed and cautious to ensure you make the best financial decisions for your future




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