GoCash Loan App Review: Personal loan app in Nigeria

There’s a plethora of personal loan apps in Nigeria. Most of them help with cash when you need it the most, especially during emergencies. But borrowing from some of these apps can be tricky if you’re unable to pay back on your due date. Some GoCash customers have reported being embarrassed and their families and friends contacted over their debts. Read this GoCash customer’s review on Nairaland.

What is GoCash loan app?

GoCash is a personal loan app that offers flexible loans to Nigerians. The app offer a loan up to NGN 300,000 in quick and fast online disbursement.

The app is easy to use with helpful and simple user interface design.

How do I apply for GoCash loan in Nigeria?

Get an instant loan in 5 simple steps:

  1. Download and install the GOCASH APP from the Play Store.
  2. Register an account.
  3. Select the product you would like to apply for.
  4. Fill out your basic information, then submit the application.
  5. Receive your loan straight into your bank account, all in less than five minutes.

GoCash Loan Advantages:

  1. Loan up to NGN 300,000
  2. Without any mortgage
  3. Low interest rate
  4. Long time repayment
  5. Quick and safe

GoCash interest rate?

Interest rate on GoCash Loans is a minimum of 0.1% up to 1% daily.
Origination Fee: Range from NGN 1,174 – NGN 6,000 for a one-time charge
Annual interest rates from 36.5% to 300%. The interest rate is calculated on a daily basis.
For example, 91-day loan payment terms have an origination fee of 39% and an interest of 2.7%. For the loan processed with a principal amount of NGN 3,000, the origination fee would be NGN 1,174, the interest would be NGN 81, the total amount due would be NGN 4,255.
Note, your actual interest rate might differ significantly from these as each rate is calculated differently based on the borrower’s credit worthiness and credit score.

Loan Amount starts from a minimum ₦3,000 to maximum ₦200,000.
Loan Term: the shortest is 91 days, the longest is 365 days.
Expect your loan term to be significantly lower as individual loan terms are calculated based on credit worthiness and credit score.

Repay your loans in time or complete Increase Limit tasks to build your credit limit and reduce the interest rate.

GoCash Loan Eligibility:

  1. Nigeria Resident.
  2. 20-55 years old.
  3. You should have a verifiable Monthly income source.

Is GoCash loan app legit?

Yes, GoCash is legit in that they disburse loans on time and there’s no scam claim on their Google Play store reviews. However, GoCash will call your contacts and embarrassed you if you default on their repayment. One review on Nairaland said the company told his contacts that he is a criminal on the run after defaulting for just one day. Be careful when borrowing from this app.

You are responsible for the safety of your transactions when dealing with loan apps in Nigeria.

GoCash loan app is a loan shark that is not registered or regulated by the CBN or any other government agency in Nigeria.

You and your contacts might get similar embarrassing message from GoCash should you default on your loan, be careful.

What GoCash loan app can improve

Most of the positive reviews on this app from Play Store are fake, they are not even from Nigerian users.

Fake GoCash reviews on Play Store.

Loan processing on this app is slow and takes hours, sometimes days before disbursement, it is not an instant loan app.

Customer service on GoCash is also poor, customers complain of getting threatening messages even before the due date on their loans.

GoCash Contact and customer service number

If you have any feedback, questions, or concerns, reach out to the customer service via: e-mail at or

  • Facebook:
  • Email:
    Head office Address:Venia Business Hub,plot,8providence street,Lekki Phase1,Lagos.


A writer! Columnist and an academic researcher
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