Currently, amidst the relentless pace of technological advancement, the Steady Kash application has emerged as a new icon in the world of online lending in Nigeria. With its emphasis on convenience and efficiency, Steady Kash has introduced a unique lending style, enabling individuals to easily access financial resources without the need for collateral or excessive paperwork. Offering a diverse range of lending products, coupled with secure and confidential transactions, the Steady Kash App has transformed into a reliable companion in meeting daily financial needs.
Various Purposes for Borrowing with Steady Kash
Steady Kash takes pride in being a versatile online lending platform, catering to a wide array of purposes and diverse financial requirements of its users. Below are some common purposes for which you can borrow money:
- Address unexpected life expenses.
- Support in repaying existing debts.
- Fund shopping and educational expenses.
- Repair of furniture and electronic devices.
- Manage unforeseen medical costs.
- Facilitate travel and leisure plans.
- Personal shopping or gift purchases.
- Provide financial assistance in emergency situations.
Content of the Loan Product on the Application
The Steady Kash application offers users a diverse and reasonable range of credit limits, interest rates, and repayment periods, including:
- The loan amount ranges from ₦30,000 to ₦900,000.
- Flexible repayment terms spanning from 91 to 200 days.
- The maximum Annual Percentage Rate (APR) is capped at 20%.
Here’s an example for a loan:
Let’s say you borrow ₦5,000 with a loan term of 100 days.
- Interest amount: ₦5,000 * 15% = ₦750
- Total repayment amount (Amt) = Loan amount + Interest amount = ₦5,750
When borrowing through the application, you can independently select the loan amount and repayment period. However, Steady Kash will review your profile and loan conditions additionally.
Loan Application Process at Steady Kash
Prerequisites before Applying Before applying for a loan on the Steady Kash App, you need to meet the following requirements:
- Users must be above 20 years old and under 50 years old.
- You must be a Nigerian citizen.
- Have a clear employment status and stable monthly or yearly income.
- Possess an active and operational bank account.
- Provide accurate phone number information.
- Furnish personal identification details, address, and social identity.
Guidelines for Loan Application
The steps for applying for a loan on the Steady Kash App are as follows:
Step 1: Download and install the Steady Kash APK/IOS app onto your phone.
Step 2: Open the app and register an account using your mobile phone number. Enter the verification code to confirm your account.
Step 3: Provide necessary information for identity verification, including personal details and images of personal identification documents such as ID cards.
Step 4: Within the app, you can see a list of different loan products. Select the loan that suits your financial needs, with the desired loan amount and term.
Step 5: Fill in the necessary information about the loan purpose and financial situation. Ensure accurate information to enhance approval chances.
Step 6: Review the entered information and confirm the loan application. After verifying the details, submit the application. The review and approval process will be initiated. Approval times may vary depending on the loan product and provided information.
Step 7: Once the loan application is approved, the borrowed amount will be transferred to your bank account. The processing time may vary depending on the bank.
Note: Steps may change over time and according to the app’s policies. Always check the information on the app or contact the support hotline for further details.
Repayment of Loans through the App
Repaying loans on the Steady Kash app is a simple and convenient process. Below are the steps you can take to make loan repayments:
Step 1: Open the Steady Kash App and log in to your account.
Step 2: On the main interface, you will see information about your current loans. Select the loan you want to make a repayment for. On the loan details page, you will find the “Repay” option. Click on the option.
Step 3: The app will display available payment methods, such as using e-wallets, bank transfers, credit cards, or other payment apps. Choose the method you wish to use.
Step 4: Enter the amount you want to repay or settle. Ensure that this amount corresponds to the payment you intend to make. Review the payment information and confirm the transaction. After the transaction is complete, you will receive confirmation of a successful payment.
Note: The process may vary based on how Steady Kash organizes payment transactions. Please check the app or contact the support hotline for more details.
Pros and Cons Evaluation of Steady Kash
Below are the pros and cons of the Steady Kash App that we have compiled to provide you with the most objective perspective:
- Diverse and attractive loan products.
- Simple, easy, and time-saving application process.
- No collateral required, safe for borrowers.
- Quick information verification.
- Fast disbursement, within 15 minutes of registration.
- Mobile-friendly convenience.
- Commitment to personal information security.
- High-interest rates.
- Low loan limits.
- Not suitable for long-term borrowing.
- Potential for accumulating multiple debts.
Based on these evaluations, if you feel the app aligns with your needs, you can proceed to register for borrowing. Otherwise, you can explore other lending apps on the market.
Steady Kash Contact Information
The application is eager to provide support and address any inquiries you may have. Below is the contact information, including:
- Phone number: 09077329367
- Email address: [email protected]
- Working hours: Monday to Friday: 9:00 AM – 6:00 PM;
- Saturday: 9:00 AM – 5:00 PM
Please feel free to get in touch if you require any information or assistance related to the application. Steady Kash is always ready to assist you with any matters.
Is Borrowing from Steady Kash Safe?
Borrowing from the Steady Kash App is a secure and reliable experience. The modern security system ensures strict protection of your personal and financial information. The app implements reliable security measures to ensure that your data is never disclosed or abused. The registration and loan transaction processes occur on an encrypted platform, preventing information security risks.
Furthermore, Steady Kash adheres to regulations and policies regarding privacy and data security, ensuring that your personal information is processed securely and in compliance with current legal regulations. Therefore, you can confidently borrow money on Steady Kash, trusting in the service’s security and safety.