If you need quick cash in Nigeria, FutureCash Loan is one option to consider. This guide breaks down how it works, its requirements, costs, and legitimacy.
Future Cash offers easy option of obtaining a loan. A user needs only a mobile phone and some basic requirements to apply. The good thing is that with future cash loan, collateral is not required. Read on to get info about this loan and how to apply for it.
Future cash Requirements
To be eligible for future cash loan, a user must, live in Nigeria, have bvn, be between 18 and 60 years old, and provide a bank account to receive the loan.
The application process is straightforward. Users are required to download future cash app, register, fill in their details, and apply for a loan.
Interest Rates and fees
Future Cash offers loan amounts ranging from ₦5,000 to ₦200,000. The loan term can be between 10 and 90 days, with an Annual Percentage Rate (APR) of 10%-40%. If a loan is overdue, there’s a penalty of 1% per day.
If a you borrows ₦10,000 for 10 days at an APR of 20%, the interest would be ₦821.92. An overdue fine of ₦100 would be applied for one day overdue, bringing the total repayment to ₦10,921.92.
We always advise borrowers to check and confirm interest rate and other associated fees on any loan before proceeding to take them. If you don’t agree with the rates and fees, it’s wise to reject the offer and find alternative elsewhere.
Is future cash Legit?
Futurecash loan app has been helpful to many Nigerians who need urgent cash. And Yes, the app is Legit and available for download on the Google Play Store.
However, before taking the loan, ensure to check their interest rate and any fees associated with it. Also check and confirm the loan period before you proceed.
Future Cash App Download
To download the Future Cash loan app, visit this page here: Google Play Store.
Alternatively, you can download and install the app by opening your app store and search for Futurecash loan app. Click on install and wait for the app to download on your phone.
Final Thoughts
FutureCash Loan provides fast cash but the interest rate can be a very high. Its easy application and instant approval suit emergencies, but high fees and aggressive collection practices require caution. Always review terms thoroughly and consider alternatives if repayment seems uncertain.
For those proceeding, start with a small loan to test the service and prioritize timely repayment to avoid debt cycles.
