The inception of Fintech has drastically improved and automated the delivery of Financial Services in Nigeria.
Gone were the days one had to be in a long queue to Acquire a Bank loan; not only that, you have to make an initial deposit with the Bank, there must be collateral and about two people as guarantors.
Before a Bank loan is giving to you, about five or more people will be aware you have gone for a bank loan. – Gladly, Mobile Loan Apps In Nigeria tends to diminish all these hassles.
With Mobile Loan Apps Like Blocka Cash, You need no physical meeting with the lenders, no Collateral, no hidden charges, and no one will ever know you have gone for a loan – Since you will do everything by yourself on your smartphone.
So, in this article, we shall teach you how to apply for a Blocka Cash Loan and get an instant loan of 50,000 Naira in a matter of minutes.
What is Blocka Cash?
Blocka Cash is a mobile loan App in Nigeria that makes access to loans easy and hassle-free. Blocka Cash Quick Loan is powered by James Crown Credit Limited, and it is licensed as a Money Lender by the Ogun State Government of Nigeria.
Who Is Eligible For Blocka Cash Loan?
To be eligible for Blocka Cash Loan, the applicant must be;
• At least at the age of 21
• Must provide a valid Government ID
• Must be a Nigeria resident.
How Much Loan Does Blocka Cash Lends?
Blocka Cash can lend as little as N5,000 and up to N50,000 – this solely depends on your credit score. NB: Anytime you repay your loan on time, you increase your loan Limit.
What is Blocka Cash interest Rate?
If you choose a loan package of N10,000 (Principal) to pay back over a 6-months tenor at an interest rate and fees of 3% per month (36% APR), you will be paying back N1,966.67 monthly for a period of 6 months. At the end of the 6 months, you would’ve paid a total of N11,800.
What Is Blocka Cash Loan Term?
The Blocka Cash Loan repayment term is 60 to 180 days.
How to Apply For Blocka Cash Loan?
The process of applying for a Blocka Cash loan is Simple and convenient. – You are required to download their Mobile App from Google PlayStore by Searching BLOCKA CASH ( You can CLICK HERE to download)
After the application is successfully installed, Open/Launch it and Create an account.
Blocka Cash Loan Sign Up!
As shown in the picture above, fill in your number and follow the prompts to complete the sign-up process.
After you have completed the account creation, Apply for the loan now and when you are approved, You will receive the loan instantly and directly into your wallet – It is that simple.
So that is it for today, and I hope this article helps you get an instant loan from Blocka Cash Loan. Although I don’t recommend you always take a loan, especially those who are unemployed – Repayment can be difficult sometimes.