CranCash is an Android application that provides citizens of Nigeria with access to online lending services. Using this utility, they can create a request and upload the necessary documents electronically. Paper copies are not required.
Getting started
This service can be used by residents of Nigeria who are 18 and older and have a regular income as well as a bank account.
At the start, you need to register an account and choose a loan product. Next, it is necessary to fill out the form with information about yourself and send the application. Please note that a verification call from the CranCash service is possible.
If your request is approved, you will receive a message. Next, you need to sign the loan agreement electronically. The credit amount will be credited to your bank account as soon as possible.
Loans and fees
The CranCash service allows you to get a loan from 5,000 to 300,000 Nigerian naira for a period of 91 days to 1 year. Interest for use is calculated daily, the total is from 16 to 56 percent per annum. In addition, there is a service fee, which ranges from 0 to 12 percent and depends on the term, amount, and credit rating of the user.
The utility sends reminders to customers about the loan repayment period.
Features
- allows Nigerians to apply for microloans online, similar to EaseMoni;
- you can create a request and upload the necessary documents;
- sends you an SMS if the loan is approved;
- there is a commission and a service fee;
- app is free to download and use;
- compatible with current Android versions.
