Cash Run is a loan application designed for Nigerians who need quick and convenient financial assistance. It offers loan amounts ranging from ₦10,000 to ₦500,000, with repayment periods between 91 and 180 days. Cashrun app aims to provide a straightforward borrowing experience without hidden fees.
Eligibility and Application Process
To apply for a loan through CashRun, applicants must be Nigerian citizens aged between 18 and 65 years. The application process involves downloading the app from the Google Play Store, registering an account, and completing an online form. Applicants are required to verify their identity through a secure system.
Once approved, the loan amount is disbursed directly into the applicant’s bank account.
Interest Rates and Repayment Terms
CashRun’s annual percentage rates (APR) range from 10% to 33%. For instance, a loan of ₦10,000 with a 91-day term at a 20% APR would accrue an interest of approximately ₦498, leading to a total repayment amount of ₦10,498.
It’s essential for borrowers to review the terms and ensure they can meet the repayment schedule to avoid potential penalties.
Cash Run Customer Support
CashRun offers customer support during working hours from 9:00 AM to 4:00 PM. Users can reach out via email at service@cashrunapp.com or visit their office at 8 Jibowu St, Jibowu 101245, Lagos, Nigeria.
CashRun App Download
Are you ready to download the Cashrun loan app now? If yes, you can do so here. Alternatively, you cacan download the app by going to Google play and search for Cash Run, click on install and wait for it to download on your phone.
Is CashRun Loan App Legit?
CashRun is a legit loan app. The app can be downloaded on Google play store into your phone. However, we advise that you should not pay any upfront fees to obtain a loan from any company. Also, ensure you double check their interest rate and repayment period before taking the loan.
While CashRun provides quick loan services, some users have reported concerns regarding their collection practices. For example, there have been instances where borrowers received threatening messages upon defaulting on repayments.
Potential users should exercise caution, thoroughly understand the loan terms, and ensure they can adhere to the repayment schedule before borrowing.
Conclusion
CashRun offers a platform for Nigerians to access quick loans with a straightforward application process. However, it’s crucial for potential borrowers to be fully aware of the interest rates, repayment terms, and the company’s collection practices. Borrow responsibly and ensure that any loan taken aligns with your financial capacity to repay.
