Scrambling for money during an emergency? KashOn could be your answer. This licensed and regulated loan app on Google Play gives Nigerians access to quick online loans. Let’s dive into how to apply, who’s eligible, and all the perks KashOn offers.
How to Apply for a KashOn Loan
Applying for a KashOn loan is a simple and straightforward process. Follow these steps to get started:
1. Download the App: Search for “KashOn” on the Google Play Store and download the KashOn—Instant loan online app.
2. Registration: Sign up for an account within the app by providing the required information.
3. Loan Application: Once registered, proceed to the loan application section and fill in the necessary details.
4. Approval and Disbursement: KashOn will review your application and determine your eligibility. Upon approval, the loan amount will be directly deposited into your bank account.
Eligibility/Requirements for KashOn Loan
To be eligible for a KashOn loan, you need to meet the following requirements:
Age: Applicants must be between 21 and 55 years old.
Citizenship: You must be a Nigerian citizen with a valid BVN (Bank Verification Number).
Credit Score: KashOn determines your creditworthiness based on your credit score.
Benefits of KashOn Loan
KashOn provides several benefits to its users, making it a reliable choice for obtaining instant loans. Here are some key advantages:
1. Simple Application Process:
KashOn offers a user-friendly interface and a simple application process. With just a few steps within the app, you can complete your loan application quickly.
2. Quick Disbursement of Funds:
Once your loan is approved, KashOn ensures quick disbursal of the loan amount directly into your bank account. This allows you to access the funds you need without delay.
3. Flexible Repayment Options:
KashOn offers flexible repayment options, allowing you to choose a repayment period ranging from 91 to 180 days. This enables you to select a repayment plan that suits your financial situation.
4. Transparent Fee Structure:
KashOn maintains transparency in its fee structure. The monthly interest and service fee range from 1% to 3%. This means you have a clear understanding of the costs associated with your loan.
5. Earn Bonuses Towards Repayment:
Timely repayment of your KashOn loans can earn you higher credit on the platform. This incentivizes responsible borrowing and repayment behavior.
6. Secure Data Privacy:
KashOn prioritizes the privacy and security of your personal information. The app encrypts the data you share, ensuring that your information remains protected. KashOn complies with the Nigerian Data Protection Regulations 2019.
Understanding How KashOn Loan Works: A Simple Guide
Of Course KashOn is a convenient and accessible lending platform and offers quick loans to individuals. Understanding how KashOn’s loan system works can help you make informed decisions when borrowing money. Let’s break it down using an example:
KashOn Loan Example:
Suppose you borrow ₦10,000 from KashOn and choose to repay it over 3 months. KashOn charges a monthly interest and service fee of 1%. Therefore, over the 3-month repayment period, you will incur a total interest and service charge of 3%.
Calculating the Charges:
Monthly Interest and Service Charges: 1% of ₦10,000 = ₦100
Total Charges over 3 Months: ₦100/month x 3 months = ₦300
Total Repayment Amount:
Your total repayment amount will be the sum of the loan amount and the charges.
Loan Amount: ₦10,000
Charges: ₦300
Total Repayment Amount: ₦10,000 (loan) + ₦300 (charges) = ₦10,300
KashOn Contact Information
E-mail: contact@kashon.ng
Phone: +234 916-917-3632
Conclusion
KashOn offers a reliable and convenient way to access instant loans online. By following the application process outlined in this article and meeting the eligibility requirements, you can benefit from quick loan disbursal, flexible repayment options, and a transparent fee structure. KashOn prioritizes data privacy and provides a user-friendly experience, making it a trusted platform for obtaining instant loans in Nigeria. When faced with financial emergencies or unexpected expenses, KashOn can be a valuable solution to meet your immediate financial needs.
