CashLion is a Nigeria-based loan platform, they offer fast and secure loans to Nigerians that are interested in them. People have been asking a lot of questions lately, trying to know if CashLion offers what they say they do. In this article, we will give a brief CashLion loan app review.
CashLion loan app review
CashLion loan has been around for a few years now but it has a lot of negative reviews. . Before I make loan reviews I like to try them out myself and share my experience.
Is CashLion loan legit or scam
CashLion is an authentic and legit loan app but I wouldn’t recommend it because of its bad reviews. They grant loans instantly after application and they require no visitations or collateral, but they have a very discouraging interest rate and loan tenure, that’s why we didn’t include CashLion in our list of the best loan apps in Nigeria.
How much can I get from the CashLion loan app
According to them, you can get a loan from N3,000 to N500,000 and their interest rate ranges from 5% to 30%.
What if I don’t repay my CashLion loan
Now here is the part where I had the worst loan app experience. When you don’t repay your loan on time, CashLion will start to send you threatening texts.
Here is a text I got from CashLion the day after the day I was supposed to pay back;
“WE WILL NOT HESSITATE TO EMBARRASS YOU, SINCE YOUVE DECIDED TO TURN DEAF EAR TO ALL WARNING, YOU WILL REGRET THIS ACT IF YOUR LOAN IS NOT CLEARED NOW. CASHLION MGT”
You must have previously provided your data so have access to your contacts. They will put calls through to a few of them and tell them you are running away with their money.
So I will always tell my readers, before you apply for any loans, please be sure you will be able to pay back on time to avoid embarrassments.
How to apply for CashLion loan
- Download the app from the google play store
- Fill in the required information, this will be used to verify your identity and evaluate your credit score
- Apply for loans you are eligible for.