CashLion loan App requirements shows that Applicants must be between 20 and 60 years old.This requirement ensures that the loan service is available to adults who are likely to have the financial stability and responsibility
Introduction
CashLion is a popular instant loan app in Nigeria. It is well-known for giving out loans quickly and easily. With CashLion, you can get a loan in just three simple steps. All you need to provide is your phone number and your Bank Verification Number (BVN).
First, you enter your phone number into the app. Next, you provide your BVN. The BVN is used to check your identity and your credit history.
This helps CashLion decide if you can get a loan and how much you can borrow. After this quick check, you can apply for a loan.
The process of getting a loan from CashLion is very fast. Once your information is verified, you can receive a loan of up to 200,000 Naira. The money is sent to you very quickly, often in just a few minutes.
This makes CashLion a great choice if you need money urgently.
CashLion used to be available on the Google Play Store, but it has been removed. However, you can still download the app by finding the APK file on Google.
This way, people can still use CashLion even though it is not on the official app store.
One of the important things about CashLion is that it is not a loan shark. Loan sharks are lenders who charge very high interest rates and use scary tactics to get their money back.
CashLion is different. It offers fair and clear loan terms, so you know exactly what you are agreeing to. This makes it a safer and better option for borrowing money.
CashLion’s easy process and fast service have made it very popular. People like that they can get a loan quickly without a lot of paperwork. The fact that you only need a phone number and BVN makes it accessible to many people.
Even though the app is no longer on the Google Play Store, downloading the APK is a simple way to keep using the service. This means that CashLion can continue to help people who need quick loans.
In summary, CashLion is a helpful loan app in Nigeria. It offers quick loans with a simple process. By providing just your phone number and BVN, you can get up to 200,000 Naira very fast.
CashLion is fair and transparent, making it a trusted choice for many people. Despite being removed from the Play Store, it is still easy to access through APK download.
| Key Requirements |
| Nigerian Citizenship |
| BVN |
| Cash Lion App |
History and overview
CashLion is a loan app in Nigeria. It is owned by a microfinance company that is approved by the Central Bank of Nigeria (CBN). This means it follows strict rules to be fair and safe for users.
CashLion started giving loans in 2020.
Since then, it has become very popular. One reason people like it is because getting a loan is very easy and fast. To get a loan, you just need to give your phone number and Bank Verification Number (BVN).
You can also upload your bank account statement to get a better loan limit.
You can repay the loan in two ways. First, you can enter your bank card details in the app.
Second, you can transfer the money offline through your bank. This makes it easy to choose the best way for you to pay back the loan.
CashLion is different from loan sharks. Loan sharks charge very high interest rates and use unfair methods to get their money back.
CashLion offers fair and competitive interest rates. This makes it cheaper and safer to borrow money from them. They also make sure you understand the loan terms, so there are no hidden surprises.
The app was removed from the Google Play Store, but you can still use it by downloading the APK file from Google.
This means people can continue to get loans from CashLion even though it’s not on the official app store.
In summary, CashLion has been helping people get loans since 2020. It is owned by a trusted microfinance company approved by the CBN.
The app offers easy loans, flexible repayment options, and fair interest rates.
Even though it’s not on the Google Play Store, you can still download and use it easily. This makes CashLion a good choice for getting quick and fair loans in Nigeria.
Requirements
- Download the app
Download the CashLion app from the Google Play Store using your Android phone. Follow these steps: open the Google Play Store app, search for ‘CashLion,’ tap on the app to open its page, then click ‘Install.’ Once installed, open the app to sign up or log in and start using it to apply for loans or manage your account.
“This requirement ensures that users have access to the official and updated version of CashLion from the trusted source, the Google Play Store, for a safe and secure borrowing experience.
- Age limit
Applicants must be between 20 and 60 years old.This requirement ensures that the loan service is available to adults who are likely to have the financial stability and responsibility needed to manage and repay a loan.
- Nigerian citizenship
This requirement ensures that CashLion provides loans to individuals who are legally recognized as citizens of Nigeria.
By limiting the service to Nigerian citizens, the company ensures compliance with local laws and regulations. This also helps in assessing the applicant’s financial background and credit history within the country’s financial system, making it easier to verify identities and manage loan repayments.
Ensuring that borrowers are Nigerian citizens helps maintain the integrity and reliability of the lending process.
- BVN holder
This requirement ensures that the applicant has a BVN, which is a unique identifier issued by Nigerian banks to customers.
The BVN helps CashLion verify the applicant’s identity, track their financial transactions, and assess their creditworthiness.
It is a critical part of the loan approval process, as it reduces the risk of fraud and ensures that loans are given to individuals with a verifiable banking history.