LionCash Loan App: Borrow Up To N200,000 In Nigeria

LionCash Loan App: Borrow Up To N200,000 In Nigeria

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LionCash Loan App: Borrow Up To N200,000 In Nigeria

Managing daily expenses can be challenging, but with LionCash, accessing quick loans has never been easier. This app allows you to borrow money swiftly, with the funds appearing in your account within minutes after approval. The best part? There are no hidden fees, making it a transparent and reliable financial tool.

Using only your phone number and a smartphone, you can easily sign up and get loans through LionCash. There’s no need to leave your home or work, sign any documents, or spend hours on the phone. Plus, you’ll get instant notifications for all transactions via the mobile app and SMS, making it easy to manage your account.

About the LionCash Loan App

LionCash aims to provide timely and affordable loans to help Nigerians meet their financial needs. Whether you want to expand your product range, get married, fund your child’s education, or cover unexpected expenses like emergency health issues or home improvements, LionCash can help you achieve your financial goals.

The app is designed to be easy, fast, and convenient. The company promises transparency and flexibility to meet your changing needs and improve your financial situation.

Key Features:

  • Simple, Fast, Secure: Sign up in seconds, apply for a loan, and receive money directly in your bank account. It’s a dependable method to access credit when you need it most.
  • Limit: You can instantly loan up to N200,000.
  • Loan Applicant Minimum Requirements:
    • Age between 20 to 60
    • Nigerian Citizenship
    • BVN holder

Rates and Fees:

  • Loan Amount: ₦2,000 – ₦50,000
  • Loan Term: 91 – 365 days
  • Interest Rate: 16% – 21% APR
  • Service Fee: None

Example: If you borrow ₦2,000 for 180 days, the total interest would be calculated as ₦2,000 * 0.00067 * 180 = ₦240.

How to Borrow Money with LionCash Loan App

Step-by-Step Guide:

  1. Download the App: Get the LionCash Loan App from the Google Play Store using your Android phone.
  2. Sign Up: Open an account with your BVN number.
  3. Secure Your Identity: Verify your identity in three simple steps through the app.
  4. Receive Funds: Once verified, money is sent directly to your bank account instantly.
  5. Timely Repayment: Paying back your loan on time can boost your credit limit up to ₦50,000.
  6. Flexible Repayment Options: You can repay online via bank account payment or offline transfer to the company’s account. You can also choose to pay in full or make partial payments before the due date.

Personal Loans to Cover Your Financial Needs

With LionCash Loan App, you can borrow money fast online to:

  • Cover extra expenses for a new smartphone, motorcycle, or household products.
  • Pay for educational courses for you or your child.
  • Handle unexpected expenses.
  • Buy airtime top-up.
  • Get additional money to grow your business.
  • Upgrade your lifestyle or fulfill your travel dreams.

Other Benefits

  • Low Interest & Flexible Repayment Schedule: Manageable interest rates and a repayment schedule that fits your financial situation.
  • 100% Digital Process: No paperwork or physical visits needed.
  • No Hidden Charges: Complete transparency with no surprise fees.

Frequently Asked Questions (FAQs)

Who can apply for a loan?

LionCash loans are available to anyone between 20 and 60 years old with a fixed income and a phone number. There are no restrictions based on profession or income level.

What information do I need to provide?

Follow the app’s instructions and provide all requested information accurately.

Will my information be secure?

LionCash promises not to disclose your personal information to third parties without your consent.

How do I apply for a loan with LionCash?

Fill in your personal data, work information, emergency contact, and complete identity authentication through the app.

What is the maximum loan amount available?

During the pilot period, the loan limit is ₦1,500-₦2,500. Once fully operational, the limit will increase to ₦200,000.

How do I repay a LionCash loan?

You have two repayment options:

  1. Bank Card:
    • Enter bill details, select the bank card payment method, confirm the details, and click [Repay Now].
    • Enter your bank card password.
    • Enter the OTP sent to your phone to complete the repayment.
  2. Offline Transfer:
    • Input bill details, choose the offline transfer option, specify the repayment amount, and the receiving account.
    • Complete the repayment via bank or online transfer to the specified account.

Can I repay the loan early?

Yes, early loan repayment is accepted. You will receive a reminder two days before the due date.

Can I pay a loan on behalf of someone else?

Yes, you can repay the loan for someone else using your bank card payment or offline transfer.

What happens if I overpay my loan?

Any excess amount will be refunded to your bank account within seven days after verification.

What happens if I pay my loan late?

Late repayments incur a late fee of 2% per day. Late payments can negatively impact your credit score and future loan opportunities. If your loan is overdue for more than 30 days, it will be reported to the credit bureau.

Contact

We’re always excited to hear from you! If you have any feedback or concerns, please reach out to us.

LionCash provides a straightforward and reliable solution for quick loans in Nigeria. Whether you need money for personal expenses, business growth, or unexpected emergencies, LionCash Loan App offers a convenient way to meet your financial needs.

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