Do you require immediate financial support? You can get the money you need from LionCash Loan App to take care of your urgent financial problems.
This Android app, created by LionCash Global, has grown in popularity in Kenya as a dependable and effective way to access credit on your phone.
We shall examine the characteristics, conditions, and advantages of the LionCash Loan App in this article.
Contents
Overview of LionCash Loan App
LionCash Loan App has undergone updates since its first release to enhance its performance. It has over 1.9 million downloads and an impressive average rating of 4.86 stars from 21,851 user reviews.
LionCash loan app has established itself as a trusted app in the Finance category. Its main objective is to provide a seamless and convenient way for Kenyan citizens to access cash loans directly to their M-Pesa accounts.
Loan Applicant Requirements
To be eligible for a loan through the LionCash Loan App, applicants must meet the following criteria:
- Age: Applicants must be between 20 and 60 years old.
- Citizenship: Applicants must be Kenyan citizens.
LionCash Loan App Loan Features
LionCash Loan App offers a range of features designed to meet the diverse financial needs of its users. Here are the key aspects of the loan offering:
- Loan Amount: LionCash offers loan amounts ranging from KES 2,000 to KES 50,000, allowing borrowers to select an amount that suits their specific requirements.
- Loan Term: The loan term varies from 91 to 365 days, providing borrowers with flexibility in choosing the duration that aligns with their repayment capabilities.
- Annual Interest Rate: LionCash charges an annual interest rate between 16% and 21%, ensuring competitive rates that are favorable for borrowers.
Example Fees and Repayment
To better understand the cost structure and repayment process, let’s consider an example:
Suppose a borrower receives a loan amount of KES 2,400 for a 91-day term. The interest fee for this loan would be as low as 4.1%, equivalent to KES 98. Therefore, the total repayment amount would be KES 2,498, which includes the initial loan amount and the interest fee.
It’s important to note that LionCash Loan App provides borrowers with the flexibility to make full or partial payments before the due date, enabling them to manage their repayments effectively.
By adhering to the repayment schedule, borrowers can stay on track with their payments and build a positive credit history.
LionCash Loan App Application Process
Accessing funds through LionCash Loan App is a simple and hassle-free process. Here’s a step-by-step guide to getting started:
- Download the LionCash Loan App from Google Play Store and install it on your Android device.
- Sign up for an account, providing the required details and ensuring that you meet the age and citizenship requirements.
- Once registered, you can apply for a loan by submitting the necessary information and selecting your desired loan amount and term.
- After the loan application is approved, the funds will be disbursed directly to your M-Pesa account, offering immediate access to the requested loan amount.
Benefits of LionCash Loan App
LionCash Loan App provides several benefits to its users, making it a preferred choice for individuals seeking quick cash loans in Kenya. Here are some of the advantages:
Convenience
The app allows you to apply for loans directly from your mobile device, eliminating the need for lengthy paperwork and physical visits to loan providers.
Speedy Disbursement
Once your loan is approved, the funds are sent directly to your M-Pesa account, ensuring swift access to the money you need.
Credit Limit Increase
By repaying your loans on time, you have the opportunity to increase your credit limit up to KES 70,000, enabling you to access larger loan amounts in the future.
Flexible Repayment Options
LionCash Loan App provides the flexibility to make partial or full payments before the due date, helping borrowers manage their repayments effectively.
Reliable Support
Should you have any feedback, questions, or concerns, the LionCash team is readily available to assist you. You can reach out to them via email at support@lioncash.co or message them on WhatsApp at +254 769354523.
LionCash Loan App Contact Information
If you would like to get in touch with LionCash Loan App, here are their contact details:
- Email: support@lioncash.co
- WhatsApp: +254 769354523
- Address: Muthangari Dr, Nairobi, Kenya
Conclusion
LionCash Loan App provides an efficient and reliable platform for Kenyan citizens to access quick cash loans.
With its user-friendly interface, competitive interest rates, and flexible repayment options, LionCash Loan App is a valuable resource for individuals seeking financial assistance.
Whether it’s covering unforeseen expenses or seizing new opportunities, LionCash Loan App is committed to helping you meet your financial needs conveniently and responsibly.