FlyCash Loan App: Get Quick Cash in Nigeria

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EASYCHECK FINANCE INVESTMENT LTD
Updated
April 22, 2024
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1.0.2
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Description

In today’s fast-paced world, unexpected financial needs can arise anytime. Maybe your car needs repairs, you have a medical emergency, or an essential bill comes due. Whatever the reason, FlyCash Loan App offers a convenient and accessible solution for Nigerians seeking quick and discreet financial assistance.

FlyCash leverages digital technology to streamline the loan application process, allowing you to apply directly from your smartphone. This eliminates the need for lengthy bank visits or awkward conversations with friends and family.

This article dives into the details of FlyCash, including eligibility requirements, loan details, the application process, and frequently asked questions.

Eligibility for FlyCash Loans

To be eligible for a FlyCash loan, you must meet the following criteria:

  • Nigerian Citizen: This loan is currently only available to residents of Nigeria.
  • Age Requirement: You must be 18 years or older to apply.
  • Income Verification: FlyCash requires verification of a steady income, applicable to both employed and self-employed individuals.

FlyCash Loan Details

FlyCash offers a range of loan options to suit your needs:

  • Loan Amount: You can borrow between NGN 7,000 and NGN 500,000.
  • Repayment Period: Choose a flexible repayment period ranging from 91 days (3 months) to 360 days (1 year).
  • Annual Percentage Rate (APR): The maximum APR is 28%. This rate is used to calculate the interest on your loan.

Understanding the Calculation Example

FlyCash provides a helpful example to understand how interest and repayment work:

  • Loan Amount: ₦20,000
  • Repayment Period: 91 days (3 months)
  • APR: 20%

Here’s how the repayment amount is calculated:

  • Interest: (₦20,000 * 20% / 365 * 91) = ₦997
  • Total Repayment: Loan amount + Interest (₦20,000 + ₦997) = ₦20,997
  • Monthly Payment: Total repayment amount / Repayment period (₦20,997 / 3 months) = ₦6,999

Please note: This is just an example, and your actual interest rate and repayment amount may vary depending on your loan terms.

Applying for a FlyCash Loan

FlyCash makes the application process quick and straightforward:

  1. Download the App: Search for “FlyCash Loan App” on the Google Play Store and download it to your smartphone.
  2. Create an Account: Open the app and register for a new account.
  3. Complete Your Information: Fill out the required application form with your personal and financial details.
  4. Submit Your Application: Once you’ve completed the form, submit your application for review.
  5. Await Approval: FlyCash will review your application and notify you of their decision.

FlyCash Customer Contact

If you have any questions or need to contact FlyCash customer service, you can reach them through the following methods:

  • Email: help@flycashflycash.com
  • Address: Agard St, Sabo yaba, Lagos 101245, Lagos

FlyCash Loan App: FAQs

Q: Is FlyCash a legitimate loan provider?

It is important to do your own research to ensure the legitimacy of any loan provider. FlyCash has a presence on the Google Play Store, and they provide a customer service email and address.

Q: What is the interest rate on FlyCash loans?

The maximum APR for FlyCash loans is 28%. However, your actual interest rate may be lower depending on your individual circumstances.

Q: How quickly will I receive my loan after approval?

FlyCash advertises that you can receive your loan within 10 minutes of approval.

Q: What happens if I can’t repay my FlyCash loan?

Failing to repay a loan can have serious consequences, including damage to your credit score and legal action from FlyCash. It’s crucial to only borrow what you can realistically afford to repay within the chosen timeframe.

Conclusion

FlyCash Loan App offers a fast and convenient solution for Nigerians seeking short-term loans. With its easy application process and readily available information, FlyCash allows you to make informed decisions about your finances. However, it’s vital to remember that loans come with interest charges. Carefully consider your financial situation and only borrow

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