CayCredit loan app is an easy and reliable loan app in Nigeria that allows you to get loan up to N300,000 instantly when you are in urgent need of cash to attend to important personal issues.
CayCredit is an Instant Personal Cash Loan app which offers safe and reliable online personal credit loan services. In this article, based on the information available from the owners of the app we will discuss the main features, benefits, terms and conditions, how to apply for and get CayCredit Loan as well as feedbacks from users of the app.
Features Of CayCredit Loan
The following are some of the main features of CayCredit loan:
1. Tenure: CayCredit will require your repayment from 91 days to 365 days.
2. Loan Amount: Amount of loan you can get from CayCredit loan app is between ₦5,000 and ₦300,000.
3. Interest rate: Annual Percentage Rate(APR) charged by CayCredit ranges from 6% to 35%. The interest rate is calculated on a daily basis. To give you an idea of how CayCredit calculates interest, you may take a look at the example below:
For Example:
Loan Amount:₦30,000
Loan Period:180 days
Interest Rate:24% per year,
Interest: ₦ 30,000 * 24% / 365 * 180 = ₦ 3,550
Service Charge：₦ 30,000 * 2% = ₦ 600
Total Repayment Amount: ₦ 30,000 + ₦ 3,550 + ₦ 600 = ₦ 34,150
4. Service Charge: This depends on your credit, generally between 0% and 10%
Benefits Of Using CayCredit Loan App
Based on the information available from the owners of the app, the following benefits will accrue to you when you use CayCredit loan app:
1. You will get fast and instant loan up to ₦300,000.
2. Loan interest rate.
3. High data safety as can be seen from the data safety policy below given by the owners of the app:
Data Security
Your data is safe. All data is encrypted and transmitted over a secure connection. CayCredit promises never to share customer information with anyone without consent.
Terms And Conditions For Getting CayCredit Loan
To apply for and get CayCredit Loan you must meet the basic requirements below:
1, You must have a personal bank account
2. You must be 20 years old and above
3. You must be a Nigerian citizen.
4. You must have regular income
How To Apply For CayCredit Loan
Applying for and getting CayCredit Loan is simple. Simply follow the easy steps listed below to get a loan:
1. Download the CayCredit Loan app
2. Then, three steps to Your loan are:
– Register account
– Get Approval
– Disbursement to your bank account
3.Repay your loans in time or complete Increase Limit tasks to build your credit limit and reduce on interest rate..
Feedbacks From Users of CayCredit Loan App
Many of CayCredit loan app users comment that it is very good working according to the specifications provided by the owners of the app as discussed above.
Some users of CayCredit Loan app however Complain about the delay in disbursing approved loan particularly when it seems the demand is high. Others complain about their loan repayments not reflecting on the app on time.
Contact Details Of Of CayCredit Loan Customer Service
In case you have complaints to make or need further information concerning CayCredit loan, be assured that The CayCredit Customer Service team is always excited to hear from you. You can make the contact using the details below:
Customer Service Email: [email protected]
WhatsApp: +234 7055487723
Company address: 20 Bola Odupitan St, Amuwo Odofin 102102, Lagos
Conclusion
From the abpve, it is clear that CayCredit loan app is an easy and reliable loan app in Nigeria that allows you to get loan up to N300,000 instantly when you are in urgent need of cash to attend to important personal issues. In this article, based on the information available from the owners of the app we have discussed the main features, benefits, terms and conditions, how to apply for and get CayCredit Loan as well as feedbacks from users of the app. So, when you have urgent need for cash, do well to consider including CayCredit as one of the options to weigh before taking your decision.