Cash Door Loan App Download – How to borrow from cashdoor

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CashDoor is an Instant Personal Loan and Credit Platform Offering a variety of safe and convenient loan products to qualified customers. Cash Door provides a hassle-free borrowing experience to its users.

In this article, we’ll explore the features and benefits of CashDoor loans, the application process, eligibility requirements, how to contact customer care, and address the legitimacy concerns some may have.

Interest Rate

CashDoor offers loan amounts ranging from ₦8,000 to ₦100,000, with an annual interest rate (APR) varying between 25% to 62% per year.

It’s important to note that the specific interest rate applied to your loan is determined based on your credit evaluation level. The APR is a crucial factor as it directly impacts the total interest payable on your loan.

Let’s consider an example to understand how the interest is calculated:

Example:

  • Loan Amount: ₦10,000
  • Loan Tenure: 100 days
  • APR: 36.5%

The interest payable on the maturity date will be calculated as follows: Interest Payable = Loan Amount * (APR/365) * Loan Tenure Interest Payable = ₦10,000 * (36.5%/365) * 100 = ₦1,000

Therefore, the total amount due on the maturity date will be: Total Amount Due = Loan Amount + Interest Payable Total Amount Due = ₦10,000 + ₦1,000 = ₦11,000

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Keep in mind that interest rates can change over time, so always ensure you are aware of the interest on any loan offer before accepting it.

CashDoor Loan Requirements

To be eligible for a CashDoor loan, applicants must meet the following requirements:

  • Citizenship: Applicants must be citizens of Nigeria.
  • Age: The minimum age requirement is 22 years, and the maximum age limit is 55 years.

Additionally, as with any loan application, you may be required to provide additional documents and information to complete the application process. This could include proof of income, a valid bank account, and other identification documents.

How to Apply for Cash Door Loan

Applying for a CashDoor loan is a straightforward process. Here are the steps you need to follow:

  1. Download and Install CashDoor loan app: Start by downloading the Cash Door loan app from the official app store. Ensure you are downloading it from a reputable source to avoid any security risks associated with unofficial app stores.
  2. Register Your Account: After installation, register your account by providing the necessary information as requested.
  3. Fill in Relevant Information: Complete the loan application by filling in the required details and supporting documents. Be sure to provide accurate information to avoid any delays in the approval process.
  4. Submit the Application: Once you’ve filled in all the necessary information, submit your loan application for review.
  5. Loan Approval and Disbursement: After your application is reviewed and approved, you will receive a loan offer with the specified amount. If you agree to the terms and conditions, the loan amount will be disbursed to your registered bank account.
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How to Contact Cash Door Customer Care

If you have any queries, suggestions, or need assistance with your CashDoor account or loan application, you can reach out to their customer care team. You can contact them through the following channels:

  • Service Email: Cashdoorservice@gmail.com
  • Office Address: 155 Herbert Macaulay Way, Yaba, Lagos, Nigeria

If you can’t find their contact details within the app, you can inquire directly via the provided email address or visit their physical office.

Is Cash Door Legit?

The legitimacy of any financial service is a valid concern, and it’s essential to exercise caution while dealing with loan providers.

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As of now, Cash Door appears to be a legitimate platform offering various loan products and services. However, it’s crucial to remember that companies can change over time, and user experiences may differ.

Before taking any loan offer, do your research, read reviews, and understand the terms and conditions thoroughly. Only proceed if you feel confident about the company’s reputation and the loan’s affordability.

Conclusion

In conclusion, CashDoor is a reliable Instant Personal Loan and Credit Platform, offering flexible loan options to Nigerian citizens.

With transparent interest rates and straightforward application procedures, it aims to provide financial assistance to those in need. Remember to be cautious, verify all terms, and ensure you are comfortable with the loan’s conditions before proceeding.

With Cash Door loan, you can bridge the gap between financial emergencies and your dreams, making your journey smoother and stress-free.

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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