Future Cash is an online platform offering unsecured credit loans in Nigeria. This review delves into the application process, requirements, terms, and fees, as well as the app’s security measures.
Benefits of Future Cash Loan App
Future Cash offers several advantages. A user only needs a mobile phone to apply, and no collateral is required. With a quick review process and timely response, Future Cash prides itself on its efficient and user-friendly service.
Eligibility Requirements
To be eligible for a loan, a user must have a valid personal ID, be between 18 and 60 years of age, and provide a bank account for loan collection.
Application Process
The application process is straightforward. Users are required to download the app, register, fill in their details, and apply for a loan. Following the application, users simply wait for approval and disbursement.
Loan Terms and Fees
Future Cash offers loan amounts ranging from ₦5,000 to ₦200,000. The loan term can be between 120 and 365 days, with an Annual Percentage Rate (APR) of 10%-40%. If a loan is overdue, there’s a penalty of 1% per day.
Loan Details Chart:
| Loan Amount | Loan Term | APR | Overdue Penalty |
|---|---|---|---|
| 5,000 – 200,000 | 120 – 365 days | 10% – 40% | 1%/day |
Example of Loan Repayment
If a user borrows ₦10,000 for 150 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.
Data Security Measures
Future Cash is committed to user data privacy. Personal data is transmitted via a secure HTTPS link and is not shared without user consent. Future Cash adheres strictly to Google’s data security laws.
Customer Service
For any inquiries or issues, users can reach out to Future Cash’s customer service via email at noumkifer@gmail.com or at their office located at 3 Dr Lady Ngozi Agbasimalo Road, Trans nkisi 3-3, Onitsha, Anambra.
APK Download
To download the Future Cash loan app, visit the Google Play Store or the app’s official website and click on the ‘download’ button. Ensure your device is set to allow downloads from unknown sources before proceeding with the installation.
In conclusion, Future Cash appears to offer a convenient and accessible loan service. However, users are encouraged to fully understand the terms and conditions before applying for a loan.
