If you’re looking for information about the Zcash Loan, this post will show you how to download it and apply for a loan. Depending on their credit score, applicants for this loan app have the opportunity to receive up to N100,000 on their initial application.
If you have outstanding loan applications, it is logical that your loan application may be denied or that the amount available to you will be significantly less than N100,000. Credit score is calculated using the loan applicant’s bio data, particularly their Bank Verification Number and account details.
A new player in the field of providing personal loans to Nigeria without documentation is Zcash Loan, an internet lending organization.
The loan app has been downloaded more than 10,000 times on Google Play Store while receiving mediocre reviews. It employs a lending program to collect data on prospective clients, including phone records, banking transaction alerts, and BVN, in order to calculate each borrower’s credit score.
If you maintain your bank transaction records and have no unpaid debts from prior loan applications, you will be eligible for bigger loan amounts.
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Zcash Loan: How To Apply
Install the Google Playstore-only Ultra Naira personal loan app.
Create an account by entering your phone number when prompted.
It is recommended that you use the phone number connected to your BVN for verification.
Please enter the required Know-Your-Customer (KYC) data. This contains information about your home address and your next of kin.
You will also be asked for your BVN, or biometric verification number.
You will be charged N50 to link your ATM card to your account. Your chances of receiving a loan for a bigger amount will rise as a result.
You will receive a one-time OTP password to confirm your information.
Your credit score will be assessed by the software once you submit your loan application. The final outcome will be displayed in the APP.
In a little under two minutes, you ought to witness the outcome. If you qualify for a loan, the money will be wired to your bank account right away.
Make sure your phone has enough memory because you’ll need to shoot a clear selfie to prove your identity.
Is Zcash Loan App legit?
A legitimate loan app is Zcash Loan App. The software is still relatively new on the Play Store, though. Although it does provide loans to customers, it is wise to use caution when doing so. Make sure to read customer reviews prior to applying for a loan in Nigeria.
These loan requests have not been submitted to the CBN or any other Nigerian government body. You cannot seek recourse for poor customer service because they are accountable for your transactions.
The fact that it is available on Google Play does not guarantee that any purchases conducted there are safe. When using loan applications downloaded from the Play Store in Nigeria, you are in charge of your own security.
Zcash Loan Requirement
You must be a resident or a citizen of Nigeria.
You must be 18 years old or older
You must have a regular source of revenue.
Your bank account must be linked to an ATM card
Give information, including phone numbers, on two of your closest relatives
You don’t have any unpaid loans from other lenders and have a great credit score.
Use an active bank account details
Your phone number must be connected to the BVN that you submitted
You must possess a current government-issued ID card. either Voters card, Driver license or national ID card