Kashon(Powerkash) - Loan Shark Review
Interest Rate 35%
Duration From 7 days
Access Level Public
Company Name Powerkash
Phone 1 09130991256
Phone 2
Website or Store
Address
Category Dangerous Loan
Company Email
Views 2,518

At KashOn, we are committed to making your financial experience simple, efficient, and rewarding. Our fully licensed and regulated loan app offers a range of features designed to meet your financial needs with ease. Here’s what you can expect when you choose KashOn:

Key Features of KashOn

Simple Application Process: We believe in making borrowing straightforward. Our application process is user-friendly, allowing you to apply for loans quickly and easily.

Quick Disbursement of Funds: Once your application is approved, you can expect fast disbursement of funds directly into your bank account, ensuring that you get the financial support you need without delays.

0% Interest on Select Products: Take advantage of special loan products that offer 0% interest, providing you with an affordable borrowing option.

Flexible Repayment Options: Choose a repayment plan that works for you, with terms ranging from 91 to 180 days. We offer flexibility to suit your financial situation.

Transparent Fee Structure: Our fee structure is clear and straightforward, with no hidden charges. You will know exactly what you’re paying for your loan.

Earn Bonuses Towards Your Repayment: Timely repayments can earn you bonuses that can be applied towards future loan payments, making borrowing more rewarding.

Loans Available 24/7: Whether it's day or night, you can access our loan services whenever you need them, ensuring that you’re never left without options.

And More: With KashOn, you get a comprehensive suite of financial services designed for your convenience.

Loan Details

With KashOn, you can borrow between ₦2,000 and ₦50,000, tailored to meet your specific needs. The monthly interest and service fees range from 1% to 3%, with an Annual Percentage Rate (APR) between 12% and 36%. Here’s how it works:

  • Loan Amount: Borrow up to ₦50,000
  • Loan Term: Flexible repayment period of 91 to 180 days
  • Monthly Interest: 1% to 3%
  • Total Repayment: For example, if you borrow ₦10,000 for 3 months with a 1% monthly fee, your total repayment will be ₦10,300 (₦10,000 + ₦300 in fees).

Easy Loan Process in Three Steps

  1. Verify Your Identity: Start by verifying your identity to ensure a secure borrowing experience.
  2. Obtain a Revolving Credit Limit: After verification, you can access your revolving credit limit, giving you the flexibility to borrow as needed.
  3. Take Your Loan: Once approved, simply take your loan, and the funds will be deposited directly into your bank account.

Loan Applicant Requirements

To qualify for a loan with KashOn, you must meet the following criteria:

  • Age: You must be between 21 and 55 years old.
  • Nigerian Citizenship: You should be a Nigerian citizen with a valid Bank Verification Number (BVN).
  • Satisfactory Credit Score: Your credit score will be assessed by KashOn to determine your eligibility.

Contact Us

We are always eager to assist you! If you have any questions, feedback, or concerns, please don’t hesitate to reach out:

  • Email: contact@kashon.ng
  • WhatsApp Customer Number: +234 9169173632

Privacy and Permissions

At KashOn, we prioritize your privacy and the security of your data. We encrypt all personal information shared with us, ensuring it remains confidential. We adhere to the Nigerian Data Protection Regulations 2019, and we will never disclose your information to third parties without your explicit consent. For more details, please review our Privacy Policy on our website.

With KashOn, you can enjoy a safe, transparent, and rewarding borrowing experience. Let us help you take control of your finances today!


Expert Counsel

While loan apps may seem like a quick fix for financial needs, they often come with significant risks. Here are 10 crucial tips to consider when using online loan applications:

  1. Prepare for Aggressive Messaging if Payments Are Late
    Even a single day's delay in payment can result in a flood of harassing messages, particularly on platforms like WhatsApp. If you experience harassment, block the sender to maintain your peace.

2. Avoid Borrowing from Other Apps
Taking out new loans from different apps to pay off existing debts can worsen your financial situation. This approach often results in a deeper borrowing cycle.

3. Beware of High Overdue Interest Rates
If you miss a payment, expect daily interest rates ranging from 5% to 7%. These high rates can quickly lead to deeper debt.

4. Download Only from Official Sources
Always download loan apps from trusted sources, such as the Google Play Store. Unofficial sites may compromise your personal information, exposing you to cyberbullying.

5. Consider Avoiding Loan Apps Entirely
Many loan apps are designed to ensnare borrowers in a debt cycle, jeopardizing their financial health and privacy. The safest choice is to explore more secure financial alternatives.

6. Watch Out for Extremely Short Repayment Periods
Many loan apps have repayment terms lasting only 6 to 14 days, making it challenging for borrowers to fulfill their obligations and potentially trapping individuals in debt.

7. Protect Your Reputation
Once a loan app contacts your friends or family to shame you publicly, they have achieved their goal. Some borrowers may opt not to repay the loan, believing the damage is already done.

8. Break Free by Ceasing Borrowing
To escape the grip of loan sharks, the most effective strategy is to stop borrowing entirely. Although challenging, cutting off access to predatory loans is essential for regaining control over your finances.

9. Use Truecaller for Call Management
Truecaller is a helpful tool for screening and blocking calls from loan apps, significantly reducing stress and unwanted harassment from lenders.

10. Report and Block Harassers
If you receive threatening messages on platforms like WhatsApp, take action by blocking the sender and reporting them to WhatsApp and the Google Play Store to protect others.

By keeping these tips in mind, you can shield yourself from the damaging consequences of predatory loan apps and protect your financial well-being.




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Reviews

  • User loan Review
    Agent message to users

    UR PICTURES, INCRIMINATING DETAILS WILL BE EMBARRASSINGLY PARADED ONLINE,DECLARING U&UR FAMILY FOR ALLEGED FRAUD! PAY NOW OR U REGRET IT! Leadbridge/POWERKASH

    • 10/24/2024

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