Interest Rate | 35% |
Duration | From 14 days |
Access Level | Public |
Company Name | Cycle cash |
Phone 1 | 0816 097 8974 |
Phone 2 | |
Website or Store | apk |
Address | |
Category | Dangerous Loan |
Company Email | |
Views | 470 |
Cycle cash
At CycleCash, we are dedicated to providing accessible credit and quality financial services that empower individuals to achieve their goals and lead richer, more fulfilling lives.
Our Mission
Our mission is simple: to provide credit and quality financial services that offer everyone the opportunity to pursue better prospects. Whether you're looking to fund personal goals or manage day-to-day financial needs, CycleCash is here to support you.
Who We Are
CycleCash is a leading financial services company headquartered in Lagos, Nigeria. We are committed to empowering individuals by providing access to credit, high-yield investment opportunities, and easy-to-use tools for personal financial management. With over 5,000 employees and operations in Nigeria, Ghana, South Africa, Uganda, Ethiopia, Egypt, and Kenya, we are proud to serve communities across Africa.
How CycleCash Loan Works
Download the CycleCash Loan App
Get started by downloading the CycleCash Loan app from the Google Play Store on your Android phone.
Create Your Account
Fill out a simple form in under 30 seconds and submit it for a quick review.
Apply for a Loan
Choose the loan that suits your needs, and in just minutes, the funds will be sent directly to your mobile money or bank account.
Receive and Repay
Once approved, the loan is deposited into your account. Repay it using your mobile account, and as you build your credit, you can unlock access to larger loan amounts.
Why Choose CycleCash?
- Fast and Convenient Loans: Quick approvals and instant disbursements.
- Credit Building: Build your credit history for larger loans.
- Widespread Accessibility: Available in several African countries, ensuring a seamless and user-friendly experience for all.
CycleCash is more than a loan app—it's your partner in financial success. Download the app today and take control of your financial future with CycleCash!
Expert Counsel
Things You Should Know About CycleCash Loan App
Broadcasting Your Debt
CycleCash may notify your contacts via SMS to inform them of your outstanding debt, making your financial situation public.
Harassment via WhatsApp
If you're even a day late, be prepared for a flood of unpleasant and aggressive messages on WhatsApp. They won’t hesitate to apply pressure through social messaging platforms.
Short Repayment Periods
Their repayment terms are tight, ranging from just 6 to 14 days, making it challenging for many borrowers to meet deadlines without strain.
High Interest on Late Payments
Beware of their steep overdue interest rates, which can range from 1% to 5% per day. These rates escalate rapidly, pushing borrowers into deeper debt with little relief.
Defamation Over Debt
Even after repayment, restoring your reputation may be difficult. Once they’ve tarnished your name with public accusations, paying them back doesn’t reverse the damage.
Unlicensed and Defamatory Practices
CycleCash is not a licensed lender, and their go-to method to force repayment often involves defamatory tactics like publicly shaming borrowers.
Avoid Borrowing from Other Loan Apps
Don’t make the mistake of borrowing from another app to settle debts with CycleCash. This can trap you in a vicious cycle of mounting loans and escalating interest rates.
Block Harassing Calls
Apps like Truecaller can help you identify and block their relentless calls, giving you peace of mind from their aggressive tactics.
Break the Cycle
The best way to escape the debt trap is to stop borrowing entirely. Take control of your finances by cutting ties with predatory lending apps like CycleCash.
Take Action
If CycleCash is using unscrupulous methods to harass you, don’t hesitate to block them on WhatsApp and report their actions to both WhatsApp and the Google Play Store.
Stay in Control
Remember, you managed just fine before dealing with these lenders. Don’t let their predatory tactics destroy your reputation or put your financial stability at risk.
Take charge of your financial well-being and avoid falling into the harmful cycle created by high-interest, short-term loan apps like CycleCash.
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