Welcome Today we’ll talk about CashBean Loan App: Login, Reviews, Details and Customer Care.
Getting quick access to financing through digital lending apps like CashBean is gaining popularity in Nigeria. With fast approvals and disbursals, CashBean makes borrowing super convenient. In this detailed guide, we provide information on CashBean app login, reviews, company details, customer care and more.
CashBean is an online lending platform that provides collateral-free personal loans up to ₦5 million to individuals in Nigeria. CashBean offers a completely digital process via its Android/iOS apps with loan approval in minutes and disbursal within 24 hours. Some key features include:
- Loans from ₦50,000 to ₦5 million
- No collateral required
- Interest rates from 1.5% to 6% per month
- Loan tenures up to 12 months
- Completely online application
- Loans disbursed in 24 hours
- Repayment via bank debit
CashBean uses alternative data like bill payments, social media, airtime top-up etc. along with traditional credit scores for loan approval. This allows more individuals to qualify for loans.
How to Apply for CashBean Loan
Follow these simple steps to get a loan on CashBean:
- Download the CashBean app on your Android or iOS phone.
- Register with your personal and employment details.
- Select desired loan amount, purpose and repayment tenure.
- Upload required documents for verification.
- E-sign loan agreement digitally to get approved.
- Get loan amount disbursed to your bank account within 24 hours.
- Repay loan through timely installments via direct debit.
The whole process from application to disbursal can be completed digitally in under 24 hours if you meet the eligibility criteria.
Key Benefits of CashBean Loans
Some major benefits of getting a loan through CashBean include:
- Digital process: Apply and get approved completely online via app.
- Fast disbursal: Get loan amount credited to your account within 24 hours.
- Higher approval: Use of alternative data enables higher loan approval.
- No paperwork: No physical documents required.
- No collateral: Get unsecured personal loans.
- Flexibility: Customizable loan amount and tenure.
CashBean Login Process
Follow these steps to login to your CashBean account:
- Launch the CashBean app on your device.
- On the home screen, tap on “Login to your account”.
- Enter your registered mobile number and input OTP sent.
- Enter the password for your CashBean account.
- Tap on “Login” and you will enter your CashBean dashboard.
- Here you can check loan details, make repayments, edit account etc.
If you face any issues with login, you can tap “Forgot Password” or contact customer care for assistance.
CashBean Company Overview
Here are some key details about CashBean’s business:
- Headquartered in Lagos, Nigeria
- Founded in 2018 by Prindiville Okaji and Olaoluwa Awojoodu
- Backed by investors like Beta Ventures, Microtraction, Y Combinator
- Offers unsecured loans from ₦50,000 to ₦5 million
- Uses data science and AI for customised credit risk assessment
- Disbursed over 50,000 loans worth billions of Naira
- Top management team with experience from global banks
CashBean leverages technology and data analytics to provide fast, flexible and convenient access to credit in Nigeria.
CashBean Reviews
Here are some CashBean customer reviews and testimonials:
- “Super fast approval and disbursal. Got the funds in my account in less than 18 hours.”
- “The repayment structure is flexible and aligns with my cash flows.”
- “Happy with the polite and prompt customer service.”
- “Easy application process completely on my phone without any paperwork.”
- “Affordable interest rates compared to other lending apps and quickfunds.”
- “The ability to customize loan amount and tenure as per my needs is very useful.”
Most customer reviews highlight CashBean’s quick loan processing, flexible products, polite customer service and digital processes as key positives.
CashBean Customer Care
You can reach out to CashBean’s customer support via:
- Email cashbean. help@pcfinancial
- Phone – 18005728088
- Social Media – @CashBeanNG on Facebook, Instagram, Twitter, LinkedIn
The customer care team is available 24×7 to help resolve any issues faced in loan application, approval, disbursal or repayment. Feel free to reach out to them on any loan-related queries.
FAQs On CashBean Loan App: Login, Reviews, Details and Customer Care
What documents do I need to get a CashBean loan?
You’ll need a valid ID, proof of address, bank statements, recent payslips or tax returns, and passport photo.
How is the interest rate decided?
Interest rate is determined based on your eligibility, credit score, loan amount and repayment tenure.
What is the maximum loan amount one can get?
You can get a CashBean loan from ₦50,000 up to ₦5 million based on eligibility.
How does CashBean use borrower data?
Your data is encrypted and used strictly as per CBN guidelines for credit analysis and loan approval.
Can I pay off my loan before maturity?
Yes, early repayment is allowed without any foreclosure charges.
Does CashBean offer loans to self-employed people?
Yes, self-employed people can also get loans upon providing business proofs.
What happens if I miss my repayment date?
Late repayments lead to additional charges. It also negatively impacts your credit score.
Are there any hidden charges?
No, all applicable interest rates, processing fees and charges are disclosed upfront.
How quickly is the loan amount disbursed?
Loan amount gets credited to your bank account within 24 hours of loan approval.
Can I apply for multiple loans from CashBean?
You can have only one active loan at a time. Once repaid, you become eligible again.
How do I contact the customer care team?
You can contact customer care via phone, email, WhatsApp, social media or start a live chat on their website.
How does CashBean verify borrower information?
CashBean verifies your identity, employment, income, credit behavior etc. digitally before approving loans.
Conclusion
CashBean offers a digital lending platform that provides quick access to financing for individuals in Nigeria. With its easy loan application process, fast approvals, and disbursals directly to bank accounts, CashBean aims to provide financial inclusion.
The company leverages technology and alternative data to offer customized loan products.Customer reviews highlight the speed and convenience of borrowing through CashBean. While interest rates are slightly higher compared to banks, the flexibility and minimal documentation make it worthwhile for many. For salaried professionals as well as self-employed people unable to access funds from traditional lenders, CashBean offers a useful financing option.
However, borrowers should evaluate repayment capacity before taking a loan. Overall, with its strong technology backbone and focus on customer experience, CashBean has strong potential for growth in the digital lending space in Nigeria.
After reading this blog you know about CashBean Loan App: Login, Reviews, Details and Customer Care.
