9ja cash loan is another loan app that gives you access to about 50 thousand naira loan facilities with no documentation.
There are a myriad of loan applications online which 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 to transact using these loans 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 the buying medical devices, mobile phones as well as bill payments, etc.
It cannot be overemphasized this is a loan shark and should be avoided in the event that you need to use them, then at 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 amount, ensure you keep your bank transaction information on your mobile and you don’t have outstanding debts on other loan applications!
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How To Apply for 9ja Cash loan
Get this 9ja Cash loan app exclusively through the Google Playstore 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 into 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, program will examine your credit score.
The final score will be displayed in the app.If it is approved, the loan amount will be paid into the bank account in a direct manner.
9ja Cash Loan Requirement
Have you are 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 onto your account
Give the details for two next of kin including their contact numbers.
A good credit score and no any outstanding loan 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 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 prior to 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 own security using loan applications in Nigeria.
The app has more than 1 million downloads since it first released in January 2021 However, this is due to the fact that 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 time period is from 90 days until 365 days.
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 percent180/365 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 is only an example, you can expect the amount and duration of your loan to be much shorter when you’re borrowing for your 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
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