| Interest Rate | 35% |
| Duration | From 7 days |
| Access Level | Public |
| Company Name | Kaspal |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Mild Loan |
| Company Email | |
| Views | 309 |
Kashpal is a reliable and secure app that provides instant loans to individuals in need of financial assistance. With Kashpal, you can borrow money online quickly, without the hassle of paperwork or collateral, and benefit from a flexible repayment plan tailored to your needs. Whether you need a small loan or a larger amount, Kashpal offers a wide range of loan limits and favorable interest rates to suit your financial situation.
Why Choose Kashpal?
Kashpal stands out among loan apps for several reasons:
- Flexible Loan Limits: Borrow anywhere from NGN 10,000 to NGN 300,000, giving you the flexibility to choose the loan amount that best fits your needs.
- Flexible Repayment Periods: Repayment periods range from 91 days to 365 days, allowing you to choose a plan that fits your financial capabilities.
- No Collateral or Paperwork: Kashpal eliminates the need for collateral and tedious paperwork, offering a quick and secure loan process.
- Transparent Fees: With Kashpal, there are no hidden fees, rollover charges, or transaction fees. What you see is what you get.
- Build Your Credit: Repaying your loans on time or completing certain tasks can help you increase your loan limit and reduce your interest rate over time.
Interest Rates and Example
Kashpal offers competitive interest rates, with an Annual Percentage Rate (APR) ranging from 24% to 56%. Here's an example to give you an idea of how the loan works:
- If you choose a 6-month loan and borrow NGN 100,000, Kashpal charges an interest rate of 4% per month. This means:
- The total interest rate over six months is 24%, making the APR 48%.
- You will repay a total of NGN 124,000, which includes the loan principal and interest (NGN 24,000).
This transparent breakdown ensures you know exactly how much you’ll be paying over time.
How to Apply for a Loan with Kashpal
Applying for a loan with Kashpal is quick and straightforward. Just follow these steps:
- Download and Register: Download the Kashpal app from your preferred app store and create an account.
- Complete Your Profile: Fill out your basic information and submit it for review.
- Apply for a Loan: Once your profile is complete, you can apply for a loan online. Approval is fast and easy.
- Receive Funds: After approval, the loan amount will be disbursed directly into your bank account.
Eligibility Requirements
To be eligible for a loan with Kashpal, applicants must meet the following criteria:
- Be a resident of Nigeria
- Be between 18 and 60 years old
Contact Us
Kashpal offers 24/7 customer service to assist you with any questions or issues you may have during the loan process. Our support team is always available to help.
- Service Email: support@kashpal-ng.com
Kashpal provides a reliable and user-friendly solution for those in need of quick financial assistance. With no hidden fees, flexible repayment plans, and a straightforward application process, Kashpal makes borrowing money online easy and stress-free. Download the app today and take control of your financial future.
Expert Counsel
While Kashpal may seem like a quick solution for financial help, it’s essential to be aware of the tactics they use for debt recovery. Here’s what you should expect:
- SMS Messages to Your Contacts: Kashpal will send messages to your contacts, falsely claiming that you owe them money, attempting to shame you into repayment.
- Unpleasant WhatsApp Messages: If you miss a payment, even by just one day, brace yourself for a barrage of harassing messages on WhatsApp.
- Short Repayment Periods: Kashpal’s repayment windows range from just 6 to 14 days, making it difficult to manage and settle debts within the given timeframe.
- High Overdue Interest Rates: Expect daily overdue interest rates of 5% to 7%, which can quickly compound, trapping you further in debt.
- Reputation Damage: Once they’ve tarnished your reputation by contacting your friends and family, Kashpal’s primary goal is achieved, and repayment becomes secondary.
- No Legal Recourse: Since Kashpal operates without a license, they have no legal means to pursue action against you. Their main weapon is damaging your reputation.
- Don’t Borrow to Repay: Avoid the temptation to borrow from other loan apps to clear your Kashpal debt—it will only make your financial situation worse.
- Use Call-Blocking Apps: Utilize tools like Truecaller to block their calls and save yourself the stress of continuous harassment.
- Break Free from Loan Sharks: The most effective way to escape these predatory lenders is to stop borrowing from them altogether.
- Block and Report: Block Kashpal on WhatsApp and report their account to WhatsApp and the Google Play Store to help prevent others from becoming victims of their tactics.
In conclusion, while Kashpal offers quick loans, the stress and harassment that come with their debt recovery methods make them a dangerous option. Always consider the long-term impact before borrowing from unregulated lenders.
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