Pocash Loan (App Download, Apply, is Po Cash Legit?)

You may have come across pocash loan. A lot of loan applications and website are coming up recently and this is one of them.

If you need some quick way to get a loan, Pocash might be just the solution for you. Pocash is an online loan app by Trust Cen Ltd. With it you don’t have a need for any collateral. You can receive a loan directly into your bank account within minutes.

Interest rate and fees

Pocash claim to provides loans that range from ₦10,000 to ₦400,000. Amd can be repaid over a period of 91 to 365 days. According to them, the annual percentage rate (APR) ranges from 9% to 36%.

They claim that if you choose to borrow ₦100,000 for six months, Pocash will charge you an interest rate of 3% per month, which means that by the end of six months, your interest would be 18,000 while the sum total repayment amount would be ₦118,000.

However the question is, is this really true? Do they truly have low interest rate and up to 365  days?

We will answer these question later in this post, so read on.

How to Apply for a Pocash Loan

if you want to apply for Pocash Loan, it’s  easy to do so. Here’s what you need to do:

1.  Download and Install Pocash app from Google play store.
2. Sign up using your phone number.
3. Complete your profile by providing kyc details.
4. Once your information is verified, you can submit a loan application and have funds transferred directly to your bank account.

Who Can Apply?

Pocash loans are available to residents of Nigeria who meet these criteria:

• Age: 18 to 60 years
• a working inteenet enabled phone
• Bvn
• Live in Nigeria

Is Pocash Loan app legit?

Pocash loan is legit. The app is on play store and some Nigerians have taken loan from them. However, you need to take caution.

I took my time to read customers review on Play store and realised that many users weren’t happy with the loan service. A handful of them complained of too high interest rate while some claimed he didn’t even receive the loan thay claimed has been disbursed.

Here’s our final advise:

You cab still try to take a loan from pocash app, but note that youust be able to pay back on due date to avoid accumulation of late fees. Also, double check loan terms and interest rate before you take them.

Contact Pocash

If you have any questions or need assistance, Pocash offers 24/7 customer support:

Email: help.pocash@gmail.com
Office Address: 35 Salawu Street, Surulere, Lagos State, Nigeria

Note: Do not send sensitive information like OTP, PIN or Password to any customer care agents.

That is it, we’ve told you what we know about pocash loan. Always deal with caution. If you have any additional questions you can send them to us via the comment section. Thank you.