CashX Loan App Review: APK Download, Customer care number
Need CashX APK to download or their customer care number? Looking for a fast loan app in Nigeria that delivers quick cash without paperwork or collateral? CashX has positioned itself as a go-to option for Nigerians in urgent need of funds, promising loan approval in minutes and disbursement within 15 minutes. But is the experience really as seamless and fair as advertised?
In this in-depth review, we explore the user experience, interest rates, loan terms, and customer service of the CashX Loan App to help you decide whether it’s worth downloading or better left alone.
What Is CashX?
CashX is a digital loan platform offering short-term loans ranging from ₦3,000 to ₦300,000. It requires no collateral or guarantor and claims to approve the majority of loan applications through its mobile app. Users can access loans 24/7, making it appealing for emergencies and unplanned expenses.
Key Features of the CashX Loan App
- Instant Loans: Receive funds within 15 minutes after approval
- Minimal Documentation: Just your BVN and basic details
- Loan Amounts: From ₦3,000 to ₦300,000
- Loan Tenure: Fixed at 65 days (no long-term options)
- Monthly Interest: 2% to 4%
- Annual Percentage Rate (APR): 24% to 48%
- No Collateral or Guarantor Needed
- Transparent Terms: Interest and repayment info shown upfront
- FCCPC Approval: Licensed under CashXpress Nigeria Limited
Who Can Use CashX?
To qualify, users must:
- Be at least 18 years old
- Be a Nigerian resident
- Own a bank account with BVN
- Have a working phone and internet connection
Loan Example from CashX
Let’s break down a sample loan of ₦5,000 for 65 days:
- Monthly Interest Rate: 2%
- Total Interest: ₦209
- Total Repayment: ₦5,209
While this sounds reasonable, users have flagged real-world discrepancies between approved loan amounts and actual disbursements—a major issue for borrower trust.
CashX User Experience: Real Reviews from Nigerians
★ Positive Reviews
Idorenyin Akpanasiara (May 2, 2025):
“The best loan app I’ve ever seen. Very fast, reliable, and professional. They disburse your loan application at the speed of light.”
Godstime James (April 14, 2025):
“Fast disbursement with few requirements. Got ₦3,000 when I applied for ₦5,000, but at least they paid. Hoping the fees don’t get worse with higher amounts.”
Monday Adikwuson (May 14, 2025):
“Quick and easy process. Got ₦4,000 and paid back ₦6,280 in just one minute. The interest is high but helpful in emergencies.”
These users appreciated the speed, simplicity, and low barrier to entry, even if they were less thrilled about the fees.
★ Negative Reviews and Complaints
Kayode Owolabi (May 17, 2025):
“I repaid early and was promised a higher offer. Instead, I got the same ₦13k again. This is pure manipulation.”
Annie Akinz (May 27, 2025):
“They disbursed a loan I never requested and the money didn’t even hit my account. Customer service has been silent.”
Lovelyn Mmesoma (May 2, 2025):
“Scam behavior. Charged me 70% interest for 15 days. When I tried to delete my account, I was ignored.”
Fadipe Omotunde (April 29, 2025):
“Requested ₦50,000, got ₦3,000 instead. Now expected to pay back ₦5,100. Unrealistically high charges. Do not download.”
These highlight serious concerns including phantom disbursements, predatory interest rates, and poor customer support.
Is CashX Legit or a Scam?
CashX is registered and licensed by the Federal Competition & Consumer Protection Commission (FCCPC) under CashXpress Nigeria Ltd, so it’s legally operating in Nigeria. However, the user experience is inconsistent, with some borrowers reporting unethical loan practices.
Pros and Cons
✔ Pros
- Super-fast loan approval and disbursement
- Simple registration and BVN verification
- No collateral or paperwork
- Transparent loan breakdown in-app
- FCCPC-approved platform
✘ Cons
- High interest rates (some exceeding 50%)
- Discrepancy between loan requests and actual disbursed amounts
- Unexpected loan disbursements without consent
- Difficulties with account deletion and support
- Misleading repayment incentives
Frequently Asked Questions (FAQs)
1. How much can I borrow from CashX?
You can borrow from ₦3,000 up to ₦300,000 depending on your credit history and repayment behavior.
2. What is the interest rate on CashX loans?
Interest rates range from 2% to 4% monthly, with an annual APR between 24% and 48%.
3. How fast will I receive my loan?
CashX claims to disburse funds within 15 minutes after approval.
4. Do I need collateral to get a loan?
No collateral or guarantors are required to get a loan from CashX.
5. Can I trust CashX?
While CashX is FCCPC-approved, many users have raised concerns about high fees, phantom disbursements, and lack of customer support. Proceed with caution.
6. What is CashX customer care number?
You can reach CashX customer care number on 09023443308
Final Verdict: Should You Use the CashX Loan App?
If you’re in urgent need of a small loan and can repay within a short period, CashX might serve as a temporary financial solution. The application is fast, and you don’t need a guarantor, but the high interest rates and inconsistent service can easily turn this into a financial trap.
For first-time borrowers or students, it’s especially important to read the loan terms carefully, monitor what hits your account, and avoid borrowing more than you can repay.
