CashRun is a licensed digital lending platform, approved by the FCCPC and equipped with AI-driven risk assessment mechanism that provides convenient, compliant, reliable loan services for Nigerian users.
Features and Advantages
*Approval by the FCCPC
*Holding a license for Money Lending
*High level data protection mechanism
*Convenient and efficient customer service
*Online application without any paperwork
*Clear disclosure and transparent rates , no hidden fees.
*Maximum loan amount : ₦500,000
*Get a longer term and lower interest loan by making payments on time.
Loan Details
1. Age Requirement: 18 - 65 years old nigerians
2. Personal Loan Amount: ₦ 4000 to ₦ 500,000
3. Annual Percentage Rate (APR): 10% - 33%
4. Loan period 91~180 days
Example Calculations
For a loan of ₦ 10,000 with a 91-day term at a 20% APR
Principal Loan Amount: ₦ 10,000
Interest Rate (APR): 20% per year
Interest Calculation: ₦ 10,000 * 20%/365*91 = ₦ 498
Total Repayment Amount: ₦ 10,000 + ₦ 498 = ₦ 10,498
How to apply?
1. Download the app and quickly fill out paperless forms within the app
2. Verify your identity through a secure system
3. Get a loan directly into your bank account
Settlement
1. We cannot guarantee that we can provide you with loan services 100%, which depends on the risk assessment results of different customers. If your loan application is rejected, we are very sorry. You can try again after 30 days. At the same time, you can also delete your account and all personal information provided through the account deletion function in the application.
2. We do not guarantee that we can provide a satisfactory amount for the first loan, which depends on the risk assessment results of different customers. We strongly recommend that you improve your credit rating by repaying on time. Good repayment habits will help you get higher limits, lower rates, longer terms and start installment repayment services.
Data Privacy and Protection
CashRun prioritizes your privacy and data security and has passed the data protection audit by the Nigeria Data Protection Commission (NDPC). For detailed information, you can view our privacy policy within the APP or on our official website. If you have any questions, you can contact us at any time via the customer service hotline, email, or in-app chat.
Meanwhile, we also provide an account cancellation feature. As long as there are no outstanding loans, you can delete all records in the application at any time, including the personal information provided.
Customer Education
1. Don't share the OTP to anybody at any time
2. No staff will ask you to pay for any personal account. We highly suggest you confirm the repayment account in the app before making a payment
3. Reach out to customer service via the official methods disclosed in the App and below.
Contact Us
CashRun by Flowood Lending Limited.
FCCPC Approval number: FCCPC/DSE/INV/ML/196
Service hours: 9:00 - 16:00
Email: service@cashrunapp.com
Address: 8 Jibowu St, Jibowu 101245, Lagos