Cashlion loan is another online fast loan application that gives access to about 100,00 naira. Cashlion is not the best but it is very fast with approval and few requirement .
With just your android mobile phone, cashlion will approve your loan regardless of your credit score.
CashLion loan requirements
It is not the case that everyone who applies to get a loan from CashLion will be taken into consideration. The criteria will determine whether your request is approved or not.
The conditions for the requirements for a CashLion credit line have been laid out below.
- You must be between the age group of 20- 60 years old
- Citizenship is required in Nigeria
- The applicant should be able to prove a stable monthly source of income
- A Android phone (CashLion is not available on iPhone or Windows devices)
- Your number will be required
- The number for your bank account which you’ll receive the loan amount
- Your Bank Verification Number (BVN)
If you meet all the necessary information then you can go on through the following step of filling out an application for CashLion Credit application.
Cashlion Apk Download
CashLion isn’t accessible for iOS or Windows devices. It is necessary to get the original CashLion App in order to avail CashLion loans.
It is possible to download and install it through Google Play Store. Google Play Store. It is small in size of just 12 MB, and more than 500 000 downloads. The current score of 4.5 from more than 20,000 users.
How to obtain a loan from CashLion
Following the install, the following step to do is to sign up to the application.
- Start the application then wait until the sign-up page will appear. Certain app permissions are requested , and you’ll have to agree to these before you can use the app.
- Another page will appear that will display login and sign-up options.
- Enter your number and select on the ” Get Code” button.
- An One Time Password (OTP) will be sent to your mobile number. You can enter the password into the application
- You’ll need to create your security to ensure that no one else can get loans without your approval. In order to do this, you must identify of four (4) unique numbers that are only known to you. Put them into the box and verify
- Click the register button and you’ll be taken to the main page.
After you’ve registered Follow the steps below to get an advance from The CashLion credit line.
- On the home page you will find an area in which you can choose the amount of your loan and the payment term.
- Utilize the slider to choose the amount of money you’d like to receive from CashLion
- Choose a repayment term
- Hit”Apply Now. ” Apply Now” button.
- A new page is presented. On this page, you’ll need to enter your information.
- Verify your details after filling in the required boxes and filling out your application
Be aware that you must wait a while as your application is evaluated. When your request is accepted the amount of the loan you requested will be transferred directly to the account of your financial institution.
What is the maximum amount of money you can receive from CashLion?
If you meet met the criteria and filled in your information accurately, you are able to take out a loan within the N2,000 range to N50,000.
It is impossible to get more than this amount from CashLion the credit card service.
CashLion loan tenor
The only repayment tenure that is available on Cashlion is 7 days which is totally unfair considering the high interest rate despite the short duration.
Cashlion Interest rate
CashLion has an Annual Percentage Rate (APR) of 16% to 21%.
In this case, for example an example, if a customer receives a loan amount of N1,000 for a period of 6 months (180 days) then the interest rate would be 8percent. In the rate of interest is set at of N80 as well as the final amount due amounts to N1,080.
Repayment of the loan
To pay back your loan using your CashLion Credit app please follow the instructions in the following steps:
- Choose the option to pay with a the bank card
- Input your card details
- Click on ” Repay Now“
- Input your bank password
- An One Time Password (OTP) will be sent to your telephone number. Enter it to complete the process of repayment.
Head office of CashLion
To get the best customer service You can visit the CashLion headquarters. The office is located in Lekki Phase, Lekki, Lagos, Nigeria.
Customer service at CashLion, as well as an email address
It is possible to contact the CashLion Loan service for enquiries or feedback, in the event of a need.
You can contact CashLion customer service via their email address as well as their phone number.
Number (+234-8109252549 (WhatsApp). Email Address: fa******[email protected]***f.com
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