Xcash is a reputable, convenient, and fast online loan application through mobile phones. It is also one of the widely popular online loan applications in Nigeria, trusted by numerous customers. Those who choose Xcash are offered low-interest loan packages with flexibility, and disbursement within 30 minutes, helping customers quickly address their challenging financial issues. Download and install the Xcash App on your phone to experience fast loan processing here.
Online loan conditions at Xcash
Similar to many other applications in the market, Xcash has specific conditions that customers need to meet, including:
- Being a Nigerian citizen, aged 18 to 60, residing and working in the country.
- Having a stable income from employment or business.
- Possessing a personal bank account linked to the Xcash app.
- Providing complete personal and financial information for risk assessment.
- Having no bad credit history or outstanding debts.
For customers seeking quick disbursement, it is crucial to provide all necessary information. If customers fail to meet the transaction conditions, the loan application will be unsuccessful.
Product information on the loan application
The credit limit, interest rates, and loan terms at Xcash are known for being flexible, catering to the needs of many customers today. However, typically, the application provides loan packages as follows:
- Credit limit ranging from ₦10,000 to ₦100,000
- Interest rates between 24% and 56% per annum
- Loan terms spanning from 91 to 180 days
- Service fee: Free
Example for a loan amount
If you borrow ₦10,000 on the Xcash app with a 6-month term and an interest rate of 4% per month, the breakdown is as follows:
- Total interest amount: ₦2,400
- Total amount to be repaid after 6 months: ₦10,000 + ₦2,400 = ₦12,400.
Note: These are the details we have updated regarding Xcash’s current policies. If there are any changes, we will promptly update customers, or they can contact us or visit the website for further information.
Benefits obtained from the Xcash App
Xcash is increasingly sought after by many customers as the app provides numerous benefits, assisting customers facing financial difficulties. Specifically, these benefits include:
- Customers can borrow money and address short-term financial issues within minutes through the app on their phones.
- Customers don’t need to visit physical locations; they only need to provide necessary personal and financial information to apply for loans online.
- Xcash offers low-interest and flexible loan packages, allowing customers to choose a plan that suits their needs.
- Customers can receive the borrowed funds in their bank accounts within a few minutes after their request is accepted.
- The app does not require customers to collateralize assets or hold various personal documents to borrow money.
- Xcash ensures the security of customers’ personal information and adheres to regulations and policies related to online lending.
- The customer support team is always ready to assist customers throughout the loan process, addressing any inquiries or issues that may arise.
- The app is user-friendly, features automatic approval, and is compatible with various customer demographics and different devices.
Guidelines for online loan application at Xcash
To apply for a loan online through the Xcash app, you can follow these steps:
Step 1: Download the Xcash APK/IOS app at cashloanapp.net.
Step 2: Open the app and register an account with personal and bank account information.
Step 3: Choose a loan package that suits your needs. Provide necessary information for risk assessment and schedule an appointment to receive funds.
Step 4: Wait and check the loan application status. Typically, Xcash will approve your loan within 60 minutes.
Step 5: Receive the funds in your bank account. After approval, the money will be transferred to your bank account within seconds.
Note: Before borrowing, read Xcash’s terms and conditions carefully to ensure understanding of associated fees and costs related to borrowing.
Loan repayment guide at Xcash
To repay a loan at Xcash, customers can follow these steps:
Step 1: Open the Xcash app on your phone.
Step 2: Select “Manage Loans” from the menu.
Step 3: Choose the loan you want to repay.
Step 4: Enter the repayment amount and choose the payment method (online payment or bank transfer).
Step 5: Confirm the payment.
After repayment, the app will update the payment status and notify you of the remaining balance and repayment history. If you encounter any issues during the repayment process, you can contact Xcash’s customer support team for assistance.
Is Xcash a Scam?
Xcash is a reputable online loan app introduced on various major media platforms in Nigeria. Currently, Xcash has thousands of customers and receives positive reviews for the quality of service and the online loan application process.
Xcash commits to compliance with legal regulations and policies related to online lending. Additionally, customer information is securely protected. Therefore, customers can trust and use Xcash’s services.
Contact information for Xcash
If you have any complaints or inquiries regarding Xcash’s services, you can contact the customer support team through the following channels:
- Working hours: 9:00 – 18:00, Monday – Friday; 9:00 – 17:00, Saturday
- Service hotline: 017001000
- Service email: [email protected]
- Facebook: https://www.facebook.com/xcashng/
- Office address: 45c Sauket St, Ikeja GRA, Ikeja, Lagos, Nigeria.
Xcash’s customer support team is ready to assist you in resolving any concerns or issues that may arise during the use of their services. You can also ask questions and learn more about the app through the provided contact channels.
This information about Xcash is compiled for everyone’s reference. If you have any questions or advice, please leave them in the comments section, and we will respond as soon as possible. We wish everyone success in borrowing from the Xcash App.