CashX is one of the online lending platforms in Nigeria. The company claims to be loan app without a bank verification number (BVN). This loan app is common in the northern part of Nigeria. Place like Kano and I don’t know why.
- CashX is a Loan App in Nigeria without a bank verification number (BVN). However, to get a higher loan disbursement, you will need to submit your BVN.
- Requirements to get loan from CashX are full legal names, home address, working phone number, access to your contact list, selfie video and two guarantors' phone numbers.
- CashX offers its loan services through a mobile application that works for Android users only. You can go-to Google Play store to download and install the CashX App.
CashX Loan App
For the first time, CashX gives loan amount ranging from N5,000 to N300,000 to borrowers. The loan app is only available for Android users. The app is only available on Google Play store. The company don’t seems to be working on its iOS version.
Nevertheless, to get loan from CashX in Nigeria, you need to download the mobile application on Google Play store and register an account by submitting your phone number and personal information.
That’s not only the requirements, you will also need to submit your national means of identification (NIN) and at some point BVN if you want to upgrade your account to get higher loan limits/amounts.
Furthermore, you’d be required to perform biometrics capturing. In other words, you will need to do selfie of yourself in a well-lit area. To get your disbursement, your eligibility and credit status will be automatically checked. Once your profile is approved, you will then be required to submit your bank account details.
The Loan will be disbursed directly into your bank account within 5 minutes.
Is CashX Legit?
Yes, we can say CashX is legit because there are many confirmations that they disburse loans. However, in case of data privacy and security, I cannot guarantee any loan app in Nigeria. More so, it’s wise to repay back any outstanding loan you have with Cash ax because many of these loan apps are mannerless when it comes to retrieving their money back.
In a nutshell, if you’re looking for a long-term loan, do not use CashX. But if you can pay back your loan within a short period of time, CashX may be the go-to online loan app your can trust.
