Nigerians can get online loans for a short period of time through the legitimate lending platform Blocka Cash Loan App. You can get an online cash loan of between NGN 7,000 and NGN 200,000 within minutes of applying with just your Android phone to download the app and a good credit score history.
This loan application is still quite new, and it has received mixed reviews while amassing over 10,000 downloads on Google Play. It gathers data on potential customers using loan software, including phone records, banking transaction alerts, and BVN, to create credit scores for each borrower.
You only need a smartphone and the Blocka Cash app to get emergency financial assistance when you need it!
How to take a loan from Blocka Cash apk
It’s easy to get started with Blocka Cash apk. Following are the steps:
Get the Blocka Cash app from the Google Play store.
Register and create an account.
Quickly applying for a loan.
Receive your loan right away and directly in your wallet.
Make sure your loan application is complete and accurate because any falsification could result in negative consequences, such as your account being blacklisted or being reported to the police in cases of obvious fraud.
The procedure is easy and practical.
In addition to microcredit, BlockaCash also offers short-term personal loans with a minimum of N5,000 and a maximum of N50,000, depending on your credit score.
For one of our loans, you must be at least 21 years old. You might be required to show a valid government ID. The loan amount ranges from N5,000 to N50,000, and the repayment period is between 60 and 180 days.
Blocka Cash Interest Rate
Blocka Cash loan repayments often occur on a monthly basis. Our lowest interest rate, which is 3% per month, and our highest interest rate, which is 10% per month, are determined by their credit assessment algorithm. This is equivalent to an APR of 36% to 120%. (APR).
You would have to pay back N1,966.67 each month for the duration of the loan if you chose to take out a loan package for N10,000 (the Principal) with a 6-month repayment term and a monthly interest rate and charge of 3% (36% APR).
You will have paid N11,800 total by the end of the six months.
Is Blocka Cash legit?
This section addresses a common query regarding the authenticity of the Blocka Cash app, which is whether it is a scam or not.
Using the app, people can borrow money. To apply for a loan of at least 2000 Naira, all that is necessary is to install the app and create an account there using the necessary data.
When using the app, be aware of potential fraudulent debits and notify your bank right away so that they can be looked into.
Phone and email Contact
Do you require the phone number or email for Blocka Cash? Please feel free to contact us with any questions, concerns, or suggestions. The email address for them is [email protected] There isn’t yet a phone number available.
The Blocka Cash Loan App considers a number of factors while calculating your loan eligibility. They include elements like credit score, prior loan performance, etc.
Make sure your loan application is thorough and accurate because any falsification could have adverse effects, such having your profile put on a blacklist or, in cases of evident fraud, being reported to the authorities.