QCash Loan App Review: Get online loan starting from 10k

QCash loan app is offered WINDVILLE FINANCIALS NIGERIA LIMITED a fintech company that gives Nigerians collateral free loans, the app makes it efficient for you to access credit anytime, anywhere.

QCash uses artificial intelligence to analyse a customer’s financial records and its algorithm will make you a loan offer based on your credit worthiness. . Through their platform users can get easy access to apply loans anytime even at home without paperwork.
Loan application process is secure and safe. customers get a revolving loan, meaning if they pay back their loans on time, they can take next loans without any other documentations.

How to Download and Apply for QCash app loan?

• Download and install the QCash Loan app from Google play store
• Register for an account using your phone number
• Provide some information about yourself, your bio data
• Verify your identity and that the information you’ve entered is correct.
• Bind your ATM card to your account with N20.
• verify your phone number
• Get money sent directly to your bank account.

QCash loan app interest rate?

Tenure: Ranges from 180 to 365 days
– Loan Amount: Up to ₦100,000
– APR: Annual Percentage Rate is 10%(lowest)~18%(highest)
For example, if a customer borrows ₦10,000 for 365 days (12 months), the APR is 15%.
We would charge the customer ₦ 10,000 * 15% = ₦ 1,500 as interest of 365 days
repayment period.
Total amount of repayment is ₦10,000 + ₦1,500 = ₦11,500.
As the repayment period is for 12 months
Monthly repayment is ₦10,000/12+ ₦10,000*15%/12 = ₦958.33

Expect your loan amount and tenure to be significantly lower especially for first time borrowers. You can build your credit score to get a higher amount by repaying your loans on time.

Is QCash Loans legit?

Yes, QCash loans are legit, the money lender has given out loans to customers before although with issues. You should read other customer’s review on playstore before you proceed.

What QCash loan app can improve?

Qcash has a couple of issues you should know about before you proceed.

The app contains bugs that can keep asking you to bind your ATM card to your account even after you’ve done that severally. This can be frustrating as you wont be able to move forward without completing this stage.

Repayment of loan can also be an issue, the payment gateway on the app has been reported to be buggy. If you have issues with repayment you should contact support immediately as late charges will be calculated for you even if the fault is from them.

There are also hidden charges and high interest rate on this app, one customer complained that they were offered N10,000 but only N6,500 was disbursed to their account and the rest calculated as interest.

QCash customer service number