| Interest Rate | 35% |
| Duration | From 14 days |
| Access Level | Public |
| Company Name | KashKash |
| Phone 1 | 07043078295 |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | |
| Views | 281 |
KashKash is a free-to-use personal loan app designed specifically for users in Nigeria, offering convenient and reliable financial support to those in need of quick cash. It operates as a digital lending platform, providing instant loans to individuals who meet their registration and verification criteria. While the app is free, users must first sign up and undergo a verification process to be eligible for loans.
Key Features of KashKash:
Instant Loans: KashKash offers loans ranging from ₦10,000 to ₦100,000. As users continue to successfully repay loans, the amount they can borrow gradually increases.
Flexible Repayment Terms: The app provides flexible repayment options, with terms ranging from 91 days to a full year, making it easier for borrowers to manage their finances.
Interest Rates: Depending on the loan amount and the repayment period, interest rates range from 12% to 24%, offering transparency in lending practices.
User Experience: KashKash features an intuitive and easy-to-navigate interface, making it user-friendly even for those less familiar with technology. It ensures a smooth experience from loan application to approval.
Local Focus: This app exclusively serves users in Nigeria. While it ensures secure loan processes, it does require the submission of personal and banking details, which are safeguarded by the lender.
Advantages:
- Gradual Loan Increase: KashKash starts with smaller loan amounts, but as users demonstrate reliability through successful repayments, the borrowing limit rises.
- Convenient Process: The app streamlines the loan application and approval process, ensuring minimal delays if the user meets all criteria.
Challenges:
- Verification Hurdles: While account verification is required for loan approval, some users may experience difficulties or delays in this step, needing to restart the process if unsuccessful.
Comparable Apps:
For users in other countries, KashKash has counterparts like MudraKwik in India, OnLoan in Ghana, and WowPera in the Philippines, offering similar services in their respective regions.
Conclusion:
KashKash stands out as a reliable local option for quick personal loans in Nigeria. With flexible repayment plans and a simple user interface, it provides an effective solution for Nigerians in need of instant funds. However, users must undergo a verification process and be prepared to submit personal details. Overall, KashKash is an excellent choice for individuals looking for a secure and accessible way to manage short-term financial needs.
Expert Counsel
Here’s what you need to be aware of:
Broadcasting Your Debt: They won't hesitate to notify your contacts via SMS, alerting them about your debt.
Harassment on WhatsApp: Be prepared for a barrage of harsh messages if you're even a day late on repayment.
Tight Repayment Window: Their repayment periods are typically short, ranging from just 6 to 14 days, making it difficult to meet deadlines.
High Interest on Overdue Payments: Their overdue interest rates can escalate fast, anywhere from 1% to 5% per day, which can quickly sink you deeper into debt.
Reputation Over Debt: Once they start defaming you, paying them back won’t fix your reputation. They've already achieved their goal by tarnishing your name.
Unlicensed and Defamatory Tactics: Despite not having proper licensing, their primary strategy is defamation — a cheap shot to force repayment.
Don't Borrow from Other Loan Apps: Avoid the trap of borrowing from another loan app to pay them back. This will only lead you into a vicious cycle of debt.
Block Their Calls: Use apps like Truecaller to identify their numbers and block their relentless calls.
Break Free: The best solution? Stop borrowing from them entirely and free yourself from the cycle.
Take Action: Block them on WhatsApp, and don’t hesitate to report their unscrupulous behavior to WhatsApp and the Google Play Store.
Stay in Control: You were managing just fine before they came along. Don’t let their tactics harm your reputation or drain your finances.
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Reviews
You've got this, be strong! (KashKash )Never borrow from this loan app. Despite that they have been blacklisted they still harass and send defamation messages.
However, if this has happened to you please don't borrow from another loan app to repay another. It's the worse decision ever as the loans would keep piling up. They probably would just call for like a month and stop thereafter. But you've got this.
It's not easy out there, let's double our hustle and work smart to earn better and for those that want to repay....pay only when you have the full money. Part payment equals no payment as interest and calls would still continue.
✌️
- 5/22/2024
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