EasyKash is a loan app operating in Nigeria that provides quick and easy access to loans to those who need them. With the cost of living continually on the rise, most Nigerians usually find themselves needing quick cash to sort out one expense or the other every now and again.
And with the complicated process of obtaining a loan from Nigerian commercial banks, many people turn to loan apps. But with loads and loads of loan apps currently operating in Nigeria, it can be confusing about which one is paying and which one is not.
Is the EasyKash loan app legit? Is EasyKash registered with the CBN? Is EasyKash safe? What is the EasyKash customer care WhatsApp number? These are some of the most common questions we find about the EasyKash loan app, and in this post, you will be getting answers to all of them.
EasyKash Loan Requirements in Nigeria
To apply for a loan through EasyKash, you’ll need to meet certain eligibility criteria. Here are the main requirements:
- Nigerian Citizenship: Only Nigerian citizens can apply for loans through EasyKash.
- Valid Phone Number: You’ll need a valid Nigerian phone number to receive updates and access the app.
- Bank Account: Of course, a Nigerian bank account is needed to receive the loan amount.
- Minimum Age: You must be 18 years and above to apply for a loan on EasyKash.
- Regular Income: You must be employed or have a functional business to get a loan.
EasyKash Loan Review: Is EasyKash Legit?
To start things off, let’s figure out if this loan app is trustworthy and safe to use on our devices. With many untrustworthy lenders out there, we don’t want a scenario where a loan app ends up contacting our friends and family to ruin our reputation over a small loan.
So, does EasyKash fall into the category of loan apps that tarnish their users’ reputations and impose unnecessary loan conditions? Let’s find out!
EasyKash is a loan shark that is known to give loans with very high interest rates and with a short repayment term. They are known for disbursing less than the applied amount and adding outrageous interest to such loans.
The app raises alarm bells with its exorbitant interest rates which usually exceed 30%, thereby causing a financial burden for users. What’s more troubling is their practice of contacting your contacts to defame you in case of default – a practice we certainly want to avoid.
Additionally, EasyKash sets a notably short repayment period of 6 days, adding pressure on borrowers. The fact that the app is no longer available on the Google Play Store due to multiple user flagdowns is another red flag, casting doubt on its reliability.
Furthermore, the absence of a license from the Central Bank of Nigeria (CBN) means EasyKash is operating illegally, presenting an additional risk for users. Given these concerns, caution is strongly advised for anyone considering using EasyKash for their financial needs.
EasyKash Customer Care Details
If you need to contact EasyKash customer support, you can do so by sending an email message to the address easykashapp@outlook.com, and hopefully, someone from the team will respond to you.
As for the EasyKash WhatsApp number, they have not made public an official line for customers. However, you may send your inquiries to the WhatsApp lines of some of its agents who have had their numbers exposed.
Note: Never send any sensitive information nor make repayments to these agents directly.
The WhatsApp lines include:
08186619831
08142265245
09152961572
Note again, that since the above WhatsApp lines are not the official EasyKash numbers, there is no guarantee that you will get the answers you seek, as the agents may no longer be workers of the loan company at the time of your contact.
Is EasyKash Loan App Right for You?
So should you take a loan from EasyKash? The answer depends on your financial circumstances. If you need a small loan to cover an unexpected expense and you are confident in your ability to pay back, EasyKash can be an option. However. if you are not certain you will be able to meet the repayment date, it is better to avoid them and look for legit loan apps that will not add exorbitant late fees to the amount owed.
Legit Alternatives to EasyKash
Here are a few licensed mobile loan apps operating in Nigeria with favorable interest rates and loan terms:
- Carbon
- JumiaOne by QuickCheck
- Aella Credit
- Renmoney
- Branch
- PalmPay
- Alat by Wema
Final Words
If you’re considering using EasyKash, be sure to:
- Read the loan terms and conditions carefully.
- Only borrow what you can afford to repay.
- Have a plan for how you will repay the loan.
EasyKash can be useful for people who need quick and convenient access to funds. However, since they aren’t registered, it’s important to use it cautiously.