KashOn Loan App: loan requirements, Download ApK, Apply Now, Sign-up, customer care.

KashOn is a loan application in Nigeria that offers a simple and fast borrowing experience. With loans of up to ₦50,000, flexible interest rates, and a straightforward process, KashOn efficiently supports personal financial needs.

How to download KashOn APK 

For those who prefer downloading apps from third-party websites like softonic.com, the process is quite simple. Here are the steps:

• Go to softonic.com and search for “KashOn Loan App.”
• Click on the app to view its details.
• Click on the “Download” button to start the download process.
• Once the download is complete, go to your device’s settings and enable installation from unknown sources (if you haven’t done so already).
• Locate the downloaded APK file and click on it to begin the installation process.
• Follow the on-screen instructions to complete the installation.
• Open the app and sign up or log in to access its features.

KashOn Loan Requirements

To apply for a loan through KashOn, you’ll need a few things:

1. BVN (Bank Verification Number): This is a unique number assigned by the Central Bank of Nigeria (CBN) to each bank account holder in Nigeria. It helps to verify your identity and prevent fraudulent activities.
2. Phone number: You’ll need a valid Nigerian phone number to register for KashOn Loan App. Make sure it’s linked to your BVN and active bank account.
3. Active bank account: You’ll need an active bank account linked to your BVN to receive your loan disbursement and repayments (if any). Ensure that your account has sufficient funds to cover any loan repayments due at the end of each loan cycle.
4. Smartphone: To use KashOn Loan App, you’ll need a smartphone with an internet connection and Android version 4.4 or higher (or iOS version 10 or higher). This ensures that you can access all of the app’s features and functions smoothly.

How to Sign-up on KashOn Loan App

If you’re new to KashOn Loan App, here’s how you can sign up:

1. Download and install KashOn Loan App from Google Play Store or Apple App Store (or download the APK file from a trusted third-party website like softonic.com).
2. Open the app and click on “Sign Up” or “Register.”
3. Enter your phone number and click on “Send OTP.” You’ll receive an OTP (One Time Password) via SMS, which you’ll need to enter into the app to verify your phone number.
4. Create a strong password for your KashOn account and confirm it by entering it again in the next field. Make sure your password is unique and not easily guessable or hackable.
5. Enter your BVN and confirm it by entering it again in the next field (if prompted). This helps KashOn verify your identity and prevent fraudulent activities on your account.
6. Agree to the terms and conditions of using KashOn Loan App by checking the box next to “I agree.” If you have any questions or concerns about these terms, please read them carefully before proceeding further with the sign-up process.
7. Click on “Sign Up” or “Register” to complete the sign-up process and access all of KashOn Loan App’s features and functions.

How to Borrow from KashOn Loan App

1. Download the KashOn Loan App: To start borrowing from KashOn Loan App, you’ll need to download the app from the Google Play Store or Apple App Store.
2. Register: Once you’ve downloaded the app, you’ll need to register by providing your personal details such as your name, email address, phone number, and BVN (Bank Verification Number).
3. Apply for a Loan: After registration, you can apply for a loan by selecting the ‘Apply for Loan’ option on the app’s homepage. You’ll need to provide details such as your loan amount, repayment period (1-3 months), and reason for the loan.
4. Wait for Approval: After submitting your loan application, KashOn Loan App will review it and let you know if you’ve been approved or not. Approval is usually granted within minutes of applying.
5. Receive Your Loan: Once your loan has been approved, the funds will be transferred directly to your bank account within 24 hours.

KashOn Review: Interest and Repayment Period

KashOn Loan App offers loans of up to ₦50,000 with flexible interest rates that range from 18% to 26% per annum (equivalent to 0.5% per day). The repayment period for KashOn loans is between 1 and 3 months, giving borrowers the flexibility they need to manage their finances effectively. Here’s an example of how the interest is calculated:

Let’s say you borrow ₦20,000 from KashOn Loan App with a repayment period of 2 months (60 days). The daily interest rate is 0.5%, which means that you’ll be charged ₦100 per day in interest fees. Over the course of 60 days, you’ll pay a total of ₦6,000 in interest fees (60 x ₦100), bringing your total loan amount to ₦26,000 (principal + interest). So your total repayment amount would be ₦26,000 (principal + interest).

Kashon loan customer care number, email address

If you are in need to contact KashOn customer care service, you can do that through the following means. They are fast in responding to questions or inquiries from customers.

Email Support: contact@kashon.ng

Phone/WhatsApp: +234 9169173632

Feel free to contact them via email or phone/WhatsApp, and their customer support team will be happy to assist you with any questions or concerns you may have regarding KashOn loan services.

Frequently Asked Questions (FAQs)

1. What documents do I need to apply for a loan on KashOn Loan App?

You only need to provide your personal details such as your name, email address, phone number, and BVN (Bank Verification Number) during registration. No other documents are required during the application process.

2. How long does it take for my loan application to be approved?

Approval is usually granted within minutes of applying. However, this may vary depending on the volume of applications being processed at the time.

3. Can I repay my KashOn loan early?

Yes, You can repay your loan early without any penalties or additional charges. In fact, doing so can help you save money on interest fees in the long run.

Conclusion

KashOn Loan App is an excellent choice for anyone looking for a simple and fast borrowing experience in Nigeria. With loans of up to ₦50,000 and flexible interest rates ranging from 18% to 26% per annum (equivalent to 0.5% per day), KashOn offers competitive terms that are tailored to meet individual financial needs. The app’s straightforward process and quick approval times make it an ideal choice for anyone facing unexpected financial emergencies or looking to manage their finances more effectively. If you’re looking for a reliable and convenient loan application in Nigeria, look no further than KashOn Loan App.