Kashcash Loan App Review: Borrow short-term personal loan in Nigeria

The personal loan market in Nigeria is almost over saturated with mediocre apps. Loan apps that barely do what they advertise and are causing users headache. This is why we write these reviews to at least give potential users some ideas of what to expect before using some services.

Kashcash loan app is a Nigerian personal loan platform for android phone users that provides collateral free loans with minimal documentation.

If you’re an Android user, you can apply for the collateral free loan starting from N5,000 to a maximum loan amount of N100,000 with minimal documentation.

Kashcash loan app is relatively new in the business and has so far gained over 10k downloads on Google play store with mixed reviews. It uses a loan software to collect prospective customers information including phone records, banking transaction alerts, BVN to build the credit score of each borrower.

To qualify for a loan or higher amounts, be sure to keep good bank transaction messages on your phone and do not have outstanding debts with other loan apps!

Application is simple, just download the app from Google play store, provide some information about yourself, the algorithm will analyze your information, calculate your credit score and make you a loan offer all Within a few hours.

How to Download APK and get a loan from kashcash loan app

  • Download the kashcash personal Loan App exclusively available on the Google Playstore and install on your Android phone.
  • Register an account with your phone number.
  • Preferably the phone number connected to your BVN as a one time password will be sent to it for verification.
  • Fill in your basic Kwow-your-customer KYC information, including your residential address, next of kin and employment details
  • You will also be required to provide your Biometric verification number BVN.
  • You’ll be charged N50 to bind your ATM card to your account to increase your chances and get a higher loan amount.
  • A one-time password OTP will be sent to your phone to confirm your details.
  • After the submission of your loan application, the software will analyze your credit score and the final result will be shown in the APP.
  • The result should be displayed in less than two minutes and if you qualify for a loan, the loan amount will be disbursed into the bank account directly.
  • Make sure you’re using a good phone with enough memory space as you will be required to take a clear live selfie for identity.

The N50 charged to bind your ATM card to your account is refundable, but can take anywhere from 7 to 12 business days for the money to be refunded back to your bank account.

Your BVN is linked to your credit score, so if you have an outstanding loan with other lenders or didn’t pay other lenders as at when due, expect your application to be rejected.

Your credit score is a record of your previous borrowings, how early or late you make your payments, cash transactions going in and out of your bank account among other information.

When you download this app you have to consent to it to get access to your phone book contacts that will serve as your guarantors, SMS to see your banking transaction records, apps on your phone to see how you use other loan apps and other details it uses to build your credit score.

Is kashcash Loan app legit or scam?

Yes, kashcash loan app is legit, tho the app is still relatively new on the play store it does give out loans to customers but caution should be taken before taking any online loan. Always read other customer’s reviews before you apply for a loan in Nigeria. The Google Play Store reviews of this app by other users is not encouraging!

You should know that these loan apps are not registered or regulated by the CBN or any government agency in Nigeria. You are responsible for the security of your transactions with them and there is no way to seek redress for poor customer service.

Also its availability on Google play store does not make transactions performed on it secure. The play store merely provides an avenue for download, you are responsible for your own security while using loan apps in Nigeria.

What Kashcash loan app can improve?

Kashcash loan app has one major problem that most customers are complaining about – the app does not clear dashboard immediately after repayment and continues to send repayment notice to customers. This is unprofessional and can be frustrating for customers who are hoping to get a fresh loan after repaying their previous loans.

This app also doesn’t seem to have a functional customer support phone number, making it hard for users to find answers to questions they might have regarding their loans.

The loan tenure is very small, starting from just 14 days. This is lower than the 30 days minimum tenure recommended by the CBN for short term personal loan providers.

Because there is no regulations in Nigeria, most of these apps are loan sharks who might threaten to send messages to your family members calling you a scammer if you default on your repayment. It is best to avoid these apps if you have other options.

If you’re being threatened or bullied by any loan shark in Nigeria, see this Facebook group where you can find support and read about the experience of others who have suffered bullying from loan apps.

Kashcash loan app interest rate?

Loan rates and fees
Loan Amounts: ₦ 5,000 to ₦ 500,000
One-time service / interest fee: 2%- 35%
Maximum Annual Percentage Rate (APR): 66.21% – 270.44%
Late fee: one-time fee of 8% of outstanding amount due
Minimum repayment period offered = 61 days
Maximum repayment period offered = 180 days

Example Fees
For a borrower who takes a ₦ 40,000 loan for our 61-day term, they would owe service / interest fee as low as 14%, which would be ₦ 5600, for a total payment of ₦ 45,600.
₦ 40,000 (principal) + ₦ 5600 (service / interest fee) = ₦ 45,600 (total payment)

This interest rate and tenure is just as an example, expect your loan amount and period to be significantly lower if you’re borrowing for the first time. You can increase your amount by keeping good records and paying back loan on time.

What are the requirements?

  • Be a legal citizen or legal Resident of Nigeria
  • Be at least 18 years old.
  • Have a Monthly income source.
  • Bind your ATM card to your account
  • Provide details of two of your next of kins including their phone numbers.
  • Have a good credit score with no outstanding loans from other lenders.
  • Have an active bank account.
  • Your phone number must be the one connected to your BVN.
  • Have a valid government issued ID card.

What will happen if I don’t repay my loan or pay my loan late?

Late loan repayments automatically incur a fee of 2% per day. It is therefore advised that one does not exceed the due date. Repay the loan by its due date allows you to access larger loan sizes. Late repayments will affect your ability to get subsequent or larger loans. If you are very late on your payments, you will be reported to the First Central Credit Bureau. Blacklisting by the First Central Credit Bureau may affect your ability to borrow from other lenders.

Kashcash loan app customer service number

Customer service phone: 012271660
• Service Email:


A writer! Columnist and an academic researcher


  1. I sent money to your zenith bank and the loan you gave to me is still there
    And you guys are asking me to pay

    1. Please this is Kashcash what is this now, person go pay, still it won’t clear,no contact number, nothing

  2. I have repaid my loan of 5330 before the due date but I was debit another 3310 still telling me I own them more than 2000 they are not doing anything about that

    1. You should maybe take another loan to cover your money. Block and change your ATM card to prevent another auto debit.

      1. Please just hold your money.and don’t send the message to me to repay back.because I don’t need your money again

  3. Please l applied for a loan of 10k, and I got 6,500. What do I do, and no contact number to call. 08036876837

    1. they did the same thing to me. i have reported them to efcc. please do the same my number is 080621234688

  4. Please you people should give us costumer care number make payments to the zenith bank account is not yet my due date but have paid please

    1. Please I requested for loan of 7000.and I haven’t seen any money since last week to enter my Bank account.and they are telling to pay back in the next two days.please what next?

        1. I didn’t apply for any money, they just credited my account. The principal loan I saw was #25,000k but sent me #16,250. To pay back #26,170. I will uninstall this stupid app.

  5. I just paid back my loan but it’s still showing up there, what should I do

      1. I have made repayment even before the due date with attached evidence of payment sent to your email and the loan is still showing there not cleared. Pls clear it. Thanks

  6. Kashcash is a fraudulent loan app.I got a loan, paid before expiration and they still took money from my account.I have written mails to them, called their customer care which they promised to refund my money.

    Now they don’t pick my calls anymore.Please, people, don’t give them your banking details o. They will take your money.

    I have evidence of every transaction.

    1. you are correct they are thieves parading as loan app. report them to efcc. i just did now

  7. You debited me twice and also debit me other 360 naira and you guys send me other message that I’m still own pls refund my balance ok

  8. I sent money to your zenith bank and the loan you gave to me is still there
    And you guys are asking me to pay


  9. Please I have made a payment yesterday to your Zenith Bank account. Stop sending messages.

  10. Good day, I have made a loan repayment before the due date, yet not reflect on the app and the loan is continuing increase, if anyone have their direct contact should help oh.

  11. good morning, kashcash what good on I applied for 7500 on Sunday 03/07/2022 but I was given 4,875 and the repayment is 7841.09 why, so how much I my payment send me a link to sow the transaction details

    1. This app is fraudulent, I downloaded the app, filled the details, before I could read read the loan offer I have received alert 11700 to pay 18840 in 7days, who does that, I didn’t accept or acknowledge the loan offer. For this reason is better you take your 11700 back now. Because I am not going to repay any stupid money

  12. Hey am trying to pay my loan back by ur app u ppl are saying rubbish pls remove ur money now and clear my depth pls I don’t need ur loan again and again ok

  13. U have. Network to send ppl money but having problem to deduct money back so the money can b extend over due date pls clear my loan from ur app now pls n pls oooh

  14. Hi I just made my payment back now on ur app coz am trying to reach u ppl by calling ur customer service but no one answer pls help me to confirm it and clear my depth on ur app, I made my payment by my bank account and u ppl have deduct my money by ussd

  15. This company should be reported to EFCC and CBN asap. They are just fraudulent set of people to cash out on unsuspecting Nigerians thru this dubious loan app. They approved one useless N2453 and expected me to pay almost N4k back in 7 days! Thief. I called their cc number Nasirudeen stupid music then they play. The funniest thing is that I never accepted the offer but to my surprise I just saw disbursing. I have mailed to remove their useless loan offer in my account.

  16. Kashcah are fraudulent. No loan was given to me and they said they disbursed #23,000 in to my account and I should pay #24,076.93. Clear your mess ooo

  17. I have made my repayment loan this morning is yet to reflect on my account i did bank transfer to your zenith account number 1220060041

  18. This guys call KashCash must be a big scam… was looking for a loan service agency and was directed to play store. After downloading the app, it showed me that I qualified for 10k.. although that wasn’t the loan amount I was looking for but decided to give Kashcash a trial. Behold, I apply for the 10k and it showed disbursed on the app. I waited for hours nothing came into my account. I called their 01 number, spoke to a girl who claimed they only sent 6k.. this morning I’ve been to my bank to confirm if truly they paid in the 6k… after checking my account, nothing was paid in by KashCash. So I’ve reported to the police incase they want to ask me to pay back money that wasn’t given to me. I’m waiting for them to call me and say I’m owing. My bank also warned me against such loan apps.

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