9ja cash loan is another loan app that gives you access to about 50 thousand naira loan facilities with no documentation.
There is a myriad of loan applications online that offer Nigerians quick and risk-free immediate loans. They are mostly loan sharks and most are not licensed and not regulated by the federal government.
However, for some reason, millions of Nigerians ignore the winds and keep transacting using these loan sharks. One example is the 9ja Cash loan application on the Google Play Store.
9ja Cash is a micro-lender that offers Nigerian customers short-term loans to help meet emergencies. It offers online collateral-free loans to meet the customer’s financial requirements for a variety of needs including buying medical devices, and mobile phones as well as bill payments, etc.
It cannot be overemphasized this is a loan shark and should be avoided if you need to use them, then at a minimum, review reviews similar to this. 9ja Cash’s loan app has more than 1 million downloads on the Google Play Store and makes use of a loan program to collect information from prospective customers such as phone numbers, bank notifications for transactions, and BVN for credit scores of every borrower.
If you want to be eligible for loans or larger amounts, ensure you keep your bank transaction information on your mobile and you don’t have outstanding debts on other loan applications!
Table of Contents
How To Apply for 9ja Cash Loan
Get this 9ja Cash loan app exclusively through the Google Play store and install it on the back of your Android phone.
Create an account using your telephone number. Input basic information including your address, your next of kin, and your employment information.
Additionally, you will be asked to supply the Biometric confirmation number BVN.
Connect your ATM card to the account you have to boost your odds and obtain a larger amount of money.
One-time username and password OTP can be sent via your mobile to verify your information. Following the submission of your application to borrow, the program will examine your credit score.
The final score will be displayed in the app. If it is approved, the loan amount will be directly paid into the bank account.
9ja Cash Loan Requirement
Have you been a Nigerian citizen or a Legal Resident?
Between the ages of 21 years of age.
A monthly source of income.
Make sure you connect your ATM card to your account
Give the details for two next of kin including their contact numbers.
A good credit score and no outstanding loans from lenders.
Maintain an active Nigerian bank account.
Download 9ja Cash Loan
9ja cash loan app can be downloaded on Google Play Store or by downloading through this link.
Is the 9ja Cash loan app legit
Yes, the 9ja Cash loan application is legitimate and does provide loans to customers, however with very high rates of interest, particularly for first-time customers. Be sure to read the reviews from other customers’ reviews before applying for loans in Nigeria.
It is important to be aware that these loans aren’t regulated or registered through CBN, CBN, or any other government organization in Nigeria. You are accountable for the safety of your transactions through these apps and there isn’t any remedy for poor customer service.
Its availability as a feature on the Google Play Store does not ensure that transactions made on it are safe. The store only provides an opportunity to download and you are accountable for your security using loan applications in Nigeria.
The app has had more than 1 million downloads since it was first released in January 2021 However, this is because the developers have launched an aggressive marketing campaign. We also discovered that the majority of the 5-star reviews of this app in the Google Play store are fake and probably copied by employees of the company.
9ja Cash loan app interest rate
The loan period is from 90 days until 365 days.
The loan amount ranges between N5000 and N 500 000.
The total interest range ranges from 24% to 2 percent. The average monthly interest is between 1% and 2 percent and the APR is 12 to 24 percent.
Calculation example:
If a customer takes out a loan of $9,000 in 180 days (6 months) then the APR is 18%.
Thus, the total interest would be 9000 NGN. 18 percent 180/365 equals 799 NGN.
The monthly installment will be (9000 NGN plus 799 NGN )/6 = 1633 NGN.
The total amount of repayment will be 9799 NGN.
The interest rate and duration are only an example, you can expect the amount and duration of your loan to be much shorter when you’re borrowing for the first time. You could increase your loan by keeping accurate documents and repaying your loan on time.
9ja Cash loan app customer service number
Call center number: +2348029153049
Email： 9jaCashservice@gmail.com
Head office Address： Admiralty Way, beside Tantalizers, Providence House 105112, Lekki Phase 1, Nigeria
