Morecash VIP Loan App Review: Customer Care Number, APK Download
Morecash VIP is one of the numerous mobile lending apps available in Nigeria, offering personal loans to users without the need for collateral or paperwork. It promises fast disbursement, a flexible repayment window, and a loan range of ₦6,000 to ₦500,000. With an APR ranging from 20% to 48%, it aims to provide a convenient solution for urgent financial needs.
This detailed review breaks down the app’s features, real user feedback, and overall credibility, so you know exactly what to expect.
Key Features
- Loan Amount: ₦6,000 – ₦500,000
- Loan Tenure: 91 – 365 days
- APR: 20% – 48%
Sample Loan Calculation:
If you borrow ₦100,000 for 91 days at an APR of 24%:
- Interest: ₦6,000
- Total Repayment: ₦106,000
This model appears straightforward, with no hidden service fees or deductions from the principal.
Eligibility
- Nigerian resident
- Aged 20–60 years
Application Process
- Download the app from the Play Store
- Register using a Nigerian phone number
- Submit personal details, BVN, and bank information
- E-sign your loan agreement
- Wait for approval and receive disbursement
Claimed Advantages
- No collateral or paperwork
- Flexible repayment periods (though some users report otherwise)
- SMS reminders for due dates
- Easy-to-use mobile app
- Potential for higher credit limits with on-time repayments
Real User Reviews: Mixed Experiences
Positive Feedback
Ugochi Ajah (April 10, 2025):
“Morecash is a good app. Fast in disbursement and reliable. But they should increase loan duration beyond 7 days to help business users.”
Godwin Okpalaoka (March 30, 2025):
“I love Morecash. They stand by their word. They are not loan sharks. Try them.”
These reviews highlight fast approval and disbursement, and a generally positive experience for those who receive loans.
Common Complaints
1. Fake Disbursement or Delay in Credit
Akintola Ewuoso (April 12, 2025):
“I applied for a loan, the app shows disbursed, but I didn’t receive it. My bank says it’s pending. No response to emails.”
This is a serious concern—users being marked as owing loans that were never disbursed.
2. Short Tenure Despite Promised Flexibility Several users report getting loans with just 7-day repayment terms, despite the advertised 91–365 day range.
3. Unexplained Charges and Declined Loans
Matiminu John (April 8, 2025):
“They don’t give loans. They just collect ₦50 and decline your request.”
James Ukut (April 9, 2025):
“Just here to collect ₦50 binding fee.”
This kind of experience suggests the app may be using small deductions from many users while rejecting actual loan applications.
Contact & Support Issues
- Email: [email protected]
- Phone: 09022346081
Despite claiming 24/7 support, users report unresponsive email and no other functional channels of communication.
Pros and Cons
Pros:
- Simple app interface
- Disbursement can be fast when successful
- Low loan entry point for new users
- Transparent interest model (on paper)
Cons:
- Disbursement failures with no customer support
- Inconsistent loan tenures (e.g., 7 days instead of 91+)
- Unexplained rejection and ₦50 deductions
- Delayed customer service responses
Is Morecash Loan App Legit?
Morecash VIP appears functional for some users but has credibility issues. Disbursement inconsistencies, lack of responsive support, and complaints of being marked as owing for unreceived loans indicate serious trust gaps.
No regulatory licensing (CBN or FCCPC) is mentioned publicly, which adds to the uncertainty.
Should You Use Morecash Loan App?
Use this app only if:
- You can document all transactions with proof
- You understand the risk of potential disbursement errors
Avoid this app if:
- You can’t tolerate poor customer support
- You need reliable repayment terms longer than 7 days
- You’re worried about phantom loans or surprise charges
Alternatives to Consider
- Carbon – Transparent, regulated, and user-friendly
- FairMoney – Fast, reliable disbursement with real support
- Branch – Clean repayment terms and wide user base
Final Verdict
Morecash VIP offers a smooth user interface and a clear fee model but stumbles on execution. The gap between what’s advertised and what users experience is significant. For some, it works; for others, it’s a frustrating and confusing encounter.
Final Rating: 2/5 – Use with caution. Promising, but not consistent or fully trustworthy.
