CashRun is a Nigerian lending platform offering collateral-free instant loans for short-term emergencies. This review provides insights into the app’s features, pros, cons, customer care, and more.
Overview
CashRun provides short-term loans with a minimum repayment period of 7 days. Ideal for emergencies, applicants need a BVN, a good credit score, and a stable income source.
Pros
1. 100% online process, 24×7 loan access.
2. Automated reviews and swift disbursement.
3. High initial loan amounts with extended tenures.
4. No additional fees and secure personal information.
5. Unsuccessful applications incur no charges.
Cons
1. High interest rates.
2. Short repayment period (7 days).
3. Potential delays in loan disbursement.
4. Complex loan repayment process.
CashRun loan Customer Care
Contact CashRun’s customer care:
– Service hours: 9:00 – 16:00
– Email: service@cashrunapp.com
– Address: 9 Jibowu St, Jibowu 101245, Lagos
How to Use
1. Download CashRun from Google Play Store.
2. Register and select desired product.
3. Fill out the application and submit.
4. Verification call may follow submission.
5. Receive approval notification via SMS.
6. Consent to the loan agreement.
7. Disbursement and confirmation via SMS.
Is CashRun Loan app Legit?
CashRun is legitimate, boasting a 4.3-star rating on Google Play Store. A functioning customer care number and user reviews validate its authenticity.
**Interest Rate:**
– Loan Amount: NGN 7,000 to NGN 500,000.
– Loan Tenure: 91 days to 365 days.
– Annual Percentage Rate (APR): 10% to 22%.
*Example:*
For a ₦20,000 loan over 91 days with a 20% APR:
– Interest: ₦997
– Total Repayment: ₦20,997
– Monthly Repayment: ₦6,999.
Note: Actual interest rates may be higher, especially for first-time borrowers. Repaying loans promptly can lead to a lower interest rate.
Conclusion
CashRun provides a viable lending option with its online, collateral-free approach. Contact their customer care for assistance, and consider user reviews to gauge the app’s reliability. Always be aware of the potential costs associated with short-term loans.
