Steps on how to download the app and get an instant loan on Cashlawn
You must follow a number of procedures before utilizing the app, including:
- Download the loan app on your iOS or Android phone from the Google Play Store then install it
- Don’t forget to register with your phone number.
- Your BVN’s related phone number will receive a one-time passcode for verification.
- You are aware that you will need to be filled by your customers. This includes details about your home address and next of kin.
- Your BVN, or biometric verification number, must be given.
- You will be charged N50 from your bank account after you have connected your bank account to Cashlawn account using your ATM card.
- You will receive a one-time passcode on your phone to confirm your information.
However, the outcome won’t be visible for a few minutes, and after you’re approved for a loan, the money will be transferred directly to your preferred bank account.
To increase your loan amount and verification of your account, you will ultimately need to take a selfie of yourself. It is very easy to use the app inorder to verify your details .
Your BVN plays a vital role in the process of calculating your credit score. Your loan application will be denied if you are owing any loan company and you will be advice to pay any outstanding debt before you can get a loan on cashlawn.
Make sure you accepted their terms and conditions by giving them access to your SMS messages, phone apps, and contacts before downloading the loan app.
Cashlawn Interest Rate
- Loan amounts range from N5,000 to N50,000.
- The interest rate ranges from 3% to 35%, with an additional 8% interest charge for late payments.
- 7 days is the maximum repayment period.
- There is a 60-day minimum repayment term.
Cashlawn loan app requirement
- He or she must be a Nigerian
- Age limit is 18 or older.
- Must be an active bank account
- Must provide the truthful information about yourself and your next of kin or family members which are your guarantors
- Must connect your ATM card to your account
- Must have a high credit score and be debt-free before applying
- You must have a valid government-issued ID card which are NIN, Voters card, Drivers License or International passport
- Your phone number must exactly match the one on your BVN.