Loans can be a lifesaver, especially when you have a user-friendly lender like Rapid Cash. They offer convenient loan options for both business owners and salaried individuals in Nigeria.
About Rapid Cash:
Rapid Cash operates an online lending platform catering to business owners, private individuals, and corporate entities. They provide various loan repayment options, including single payments, installment plans, and payroll loans. To streamline the process, Rapid Cash links your bank account to your loan account for seamless deductions.
Types of Loans Offered:
Rapid Cash offers loans starting from 10,000 naira, with a maximum of 50,000 naira for new members. Remarkably, no collateral or guarantor is needed for approval.
Interest Rates:
Interest rates vary based on the customer’s repayment history and lending cost. Salary advance loans are limited to 20% of the individual’s income. For example, someone earning 100,000 naira can avail a loan of up to 20,000 naira.
Eligibility:
Rapid Cash caters to those seeking short-term loans, especially individuals who may face rejections from traditional banks. This includes students, small businesses, and others typically deemed ineligible for bank loans.
Rapid Cash Options:
The Payday loan option is tailored for salaried individuals. It serves as an overdraft for employees of reputable companies or governmental organizations, with a maximum term of 30 days.
Advantages of Rapid Cash:
Rapid Cash offers quick loan decisions within a day. Their flexible repayment plans can be customized to suit your financial situation. Moreover, no collateral or guarantor is required. However, it’s exclusive to those currently employed in private organizations, and the maximum loan amount is 50,000 naira.
Getting Started:
To initiate the process, provide a verified social media account, bank details (account name and details), Bank Verification Number (BVN), and an official email address for tracking.
Conclusion:
Rapid Cash stands out by meeting customers where they spend most of their time – on social media. Their user-friendly approach, coupled with a range of loan options, makes them a reliable choice for those in need of quick and hassle-free loans in Nigeria. For the best loan options, it’s recommended to conduct an online analysis of various moneylenders, ensuring you secure the most favorable interest rates and repayment periods.