HelaCash loan app is one of the new generation loan apps that provides short-term loans to Nigerians for emergency uses.
It is important to note that short-term online loans are not meant to fund one’s lifestyle or business, these loans should only be used for emergencies. They have very short tenures, usually starting at just 7 days with very expensive interest rates.
HelaCash app details
|Loan amount||₦2,000 – ₦100,000|
|Loan tenure||7-30 days|
|Interest rate||14% monthly interest.|
|Age Eligibility||18 to 60 yrs|
|Customer care firstname.lastname@example.org|
|Office address||10 Ishaga Road Surulere Lagos, Nigeria|
Is HelaCash loan app legit?
Helacash loan app is legit and does give out loan to borrowers. However, a lot of customers complain of getting lower amounts disbursed to their bank accounts compared to what is displayed on the app. The app also has very expensive interest rates and repayments starts at just 7 days for new customers.
Because there is no regulations in Nigeria, most of these apps are loan sharks who might threaten to send messages to your family members calling you a scammer if you default on your repayment. It is best to avoid these apps if you have other options.
If you’re being threatened or bullied by any loan shark in Nigeria, see this Facebook group where you can find support and read about the experience of others who have suffered bullying from loan apps.
Here are some tips for using online loan apps responsibly:
- Only borrow money that you can afford to repay.
- Set a budget and stick to it.
- Make sure you understand the terms of the loan, including the interest rate and repayment terms.
- Make your payments on time.
How to download APK and apply for a HelaCash loan
·Download the APP from Google play store and complete the registration through the mobile phone number
·It takes 3 minutes to complete personal information
·Fill in your personal bank account information, select the loan amount and apply immediately.
Loan Product Description
Loan Amount: ₦50,000 to ₦500,000
Loan Term: 91 to 180 days
Interest: Up to 35% per annum
If your loan amount is ₦20,000, 6% interest will be charged, so the maximum amount for a one-year loan For ₦ 21,200 = ₦ 20,000 * (1+6%)
These amount and tenure is only for description purposes only, expect your actual loan to be much lower and tenure to be shorter especially if you are a first time borrower, you can improve your loan amount by making your repayment on time and keeping a good credit score.
HelaCash loan customer care number
Tel: +234 9137981179 Email: email@example.com
Address: 10 Ishaga Road Surulere Lagos, Nigeria