On this page we will review the CashRain loan app. We will discuss if it is legit or scam, the interest rate, the amount someone can borrow, requirements and how to apply for CashRain loan and also how to repay CashRain loan.
CashRain Loan App Review
CashRain is one of the best new money lending app in Nigeria. They disburse payments into your bank account immediately you apply for a loan from them.
As long as you have all the requirements and a source of income then you don't have to worry because CashRain will give you a loan.
The CashRain App is a product that offers loans to users and we provide high-quality service to all Nigerian users.
Is CashRain Loan App Legit or Scam
CashRain loan app is very legit. Payments are made in minutes after application and all transactions are secured.
Is CashRain Loan App Safe
Yes CashRain is very safe, all your details will be protected and transactions under secured connection.
CashRain Loan Interest Rate
CashRain loan app interest rate ranges from 4.5% to 34%, with monthly interest rates of 3% to 29% and annual interest rates from 29% to 365%.
Let us take an example:
Loan term: 3 months.
Loan amount: 100,000 naira
Monthly interest rate = 100,000*3%=3,000.
Total interest = (100,000*3%) *3 = 9,000 naira.
Principal repayment : 100,000
Total repayment amount = 100,000 + (100,000*3%)*3 = 109,000.
How Much Can I Borrow From CashRain Loan App
You can borrow between 8000 naira to 100,000 naira
Requirements To Get a Loan From CashRain Loan App
- Must be a Nigerian resident
- Must have a mobile phone.
- Aged 22 years old or above.
- Good credit record.
- Bank account
- BVN
How To Apply For Loan On CashRain Loan App
Borrow money from CashRain following these steps:
- Download CashRain mobile app
- Create your account
- Confirm Identification Details
- Apply for your loan
How Long Does It Take CashRain Loan App To Give a Loan
It takes minutes to hours for the loan to be sent to your account.
How To Repay CashRain Loan
Simply login to the app, go to repay loan and choose any method you want to use to repay the loan.
CashRain Loan Customer Care
Contact CashRain customer service via:
Email:service@cashrain.ng
Address:17 Ikorodu Rd, Igbobi 10146, Lagos, Nigeria.