Lion Cash Loan App

by

Lion Cash loan app is a mobile phone application that allows you to borrow money without going through the long and tedious process of visiting a bank. You can now borrow money at any time of the day or night without having to leave your home or office.

The app is straightforward to use. After downloading it, you must create an account using your M-Pesa number. You will then be asked to choose a four-digit PIN that you will use to log into the app.

Once you have created your account, you will need to provide basic information about yourself, such as your age, ID card number, level of education, marital status, occupation, and monthly income.

Loan Features

There is no paperwork or collateral. And you do not need to fill out any lion cash application form, upload your ID or provide Mpesa statements to get a loan. All things are done online via the app.

The app uses a very sophisticated algorithm to determine whether or not you are eligible for a loan.

It considers factors such as your CRB credit score, M-Pesa transaction messages, location, phone type, message and call logs, monthly income, and repayment history.The app uses these factors to determine whether or not you are eligible for a loan. Within seconds, the system will give you your answer.

See also:

How to Apply for a  Lion Cash loan?

For first-time users, the loan amount will be automatically assigned to you. Therefore, you cannot increase it in case you need more money.

However, for subsequent loans, you can choose to borrow up to Ksh 10,000 at a maximum of 30 days.

After the application establishes your credit limit, you will get approval almost immediately and get a loan for up to 30 days.

The app will then automatically deduct a considerable interest and service fee from the amount you want to borrow. But you will have to pay back the total amount within a month.

Loan Applicant Minimum Requirement

  • There is no minimum credit rating requirement.
  • You must read the terms and conditions of using this app before applying.
  • Once downloaded, there is no download fee or registration fee. And once your loan request has been approved, you can get your money in minutes, even on weekends.

You can learn more about loan apps in Kenya on this website