Are you looking for necessary information about Papacash loan app , how to apply and download then this article is for you.
Papacash can provide you with a quick loans in Nigeria without collateral or paperwork. The loan processing process is quick within a matter of hours after submitting an request for loan paid out. With Papacash, you can get as much as $100,000 of loan at a time.
A requirement to obtain papacash loan
Below are the conditions you have to be in contact with in order to receive this loan app
Have a great credit score
Have a bank account, and Bvn
Are you able to earn a living?
Have at least 18 years old
You have a an Android phone with which you can download the app
Table of Contents
How do you apply for a papacash loan
Visit the play store then download the app
Start it, and then sign in using your name and other details.
You will be asked to tie your ATM card to avoid paying a the fee of $30. Do this and then proceed
After registration, you will be logged into your dashboard
Find your dashboard and click on the loan
There is a list of the what amount of loans you can qualify for.
Just click it and wait for the payment to be made
How much can you receive through papacash loan app
With papacash , you can get up to 100,000 in loan with no any collateral or the need for a guarantor. If you are a first-time borrower, you may not be able more than this amount however as you continue taking loans and repay the amount you can get will grow.
Papacash rate of interest on loans and repayment term
Papacash loan rates range between 15% and 25%, based in the sum of the loan and credit score.
The repayment time range is 7 days to 90 days. It will as well as the credit score as well as the amount of loan obtained.
How do you pay back your papacash loan
Log in to your dashboard
Click on the the loan repayment
You’ll be presented with a variety of ways to repay the loan
Make sure you click it, and then repay the loan
After you have made your payment, it will be reflected on your dashboard
You may also make a payment by bank transfer, whoever contacts them, and request the account numbers. Make sure you have the correct account number prior to you transfer money to avoid stories that touch.
What happens in the event of a default
If you fail to pay back your loan, the rate of interest will increase by two percent. This is a sanction in the event that you decide not to pay it back in full, your names along with your BVN will be sent to the credit bureau to obtain a black list, which means that you won’t be able to apply for a loan again until you pay off your obligation.
Is papacash loan legit
Yes, the app is genuine They will certainly give you a loan, but they do not licensed by CBN or guaranteed by NDIC.
Our take about papacash loan app
Papacash loan app is a well-reviewed app on the Play Store at the date of writing this article.
They have provided loans to numerous individuals in Nigeria The only issue they have is they do not licensed by CBN therefore be cautious when you take loans from them.
Conclusion
Below is the procedure to get the papacash loan, their loan is quick and free. Because they do not have a license by CBN they are able to do and undo the loan, so make sure you take one that you are sure you will be able to repay to avoid embarrassment.
