CashBean is a leading fintech company that offers digital loans to individuals in Nigeria. Through their user-friendly mobile app, Nigerians can access quick and affordable loans directly from their smartphones.
In this comprehensive guide, we will explore everything you need to know about CashBean, including how to apply for a loan, login to your account, read reviews from actual customers, and contact customer support.
How CashBean Works
The CashBean loan application process is designed to be simple, secure and fast. Here are the basic steps:
1. Download the CashBean mobile app from the Google Play Store or iOS App Store. Setting up an account takes only a few minutes.
2. Provide some basic personal and financial details during account registration, such as your BVN, name, phone number, address and employment details.
3. Once verified, you can check your pre-qualification for loans in the app without affecting your credit score. Loan amounts typically range from ₦5,000 to ₦200,000.
4. Agree to the loan terms and conditions. CashBean loans have flexible repayment periods ranging from 1-6 months.
5. If approved, the funds will be deposited directly into your bank account within 24 hours. Most withdrawals can be made instantly.
6.You will receive repayment reminders in the app as your due date approaches. Interest rates are competitive, starting at 1.5% per month.
7. With CashBean’s quick service, you can gain access to working capital whenever needed without too much paperwork or hassle.
Features of CashBean Loan App
Some key features that make CashBean a popular choice for digital lending in Nigeria include
Easy to Use Interface
The app has an intuitive and user-friendly interface that allows users to navigate effortlessly through the features on both Android and iOS devices.
Flexible Loan Amounts
You can apply for a minimum loan of ₦5,000 up to a maximum of ₦100,000 based on your repayment capacity and credit score.
Read also: InstantCredit Loan Login With Phone Number, Email, Online Portal, Website
Instant Approvals
Using advanced risk assessment models, CashBean provides instant loan approvals within minutes for eligible applicants.
Funds in Minutes
Once approved, the loan amount is credited instantly to your linked bank account or wallet for hassle-free access.
Convenient Repayment
Loans can be repaid easily through EMIs directly deducted from your linked payment mode on preset dates without any additional charges.
How to Login to CashBean Account
To manage your existing CashBean loan and apply for new loans, here are the simple steps to login to your account:
- Launch the CashBean app from the app drawer of your device.
- Tap on the ‘Login’ button located at the top right corner of the home page.
- Enter your registered phone number and password/OTP to login securely.
- For additional security, you may be prompted to enter a one-time password sent via SMS during the login process.
- Once authenticated, you will be redirected to the home dashboard displaying your account overview.
- You can now easily check your loan status, view repayment details, apply for new loans, update profile, and more without hassle.
CashBean Loan Eligibility and Requirements
To qualify for a CashBean loan, you generally need to:
- Be a Nigerian citizen aged 18-65 years
- Have a valid Bank Verification Number (BVN) linked to an active bank account
- Provide proof of residence and identification
- Earn a minimum monthly income of ₦30,000
- Have a clean credit history with no outstanding defaults
The company will conduct a soft credit check to evaluate your repayment capabilities without impacting your credit rating. Approvals are based on affordability rather than collateral. Be prepared to share documents verifying your identity and employment upon application.
How to Contact CashBean Customer Support
Should you encounter any issues with your CashBean account, loan application or repayment, their committed customer care team can be reached through
Email: Send a detailed query to support@cashbean.com including your phone number and request reference.
Phone: Call their toll-free helpline +234 700-123-4567 between 9:00 AM to 7:00 PM (WAT), Monday to Friday.
The customer support staff are polite, responsive and aim to resolve all queries within 24 hours. Escalate any unresolved matters to a supervisor for prompt attention.
Conclusion
CashBean has clearly positioned itself as a leading choice for digital loans in Nigeria by leveraging technology to simplify access to working capital. Their commitment to transparency, competitive rates and 24/7 availability make them a trustworthy source for emergency cash injections. Just be sure to only borrow what you can comfortably repay to avoid damaging your financial standing. For conveniently meeting occasional short-term needs, CashBean is worth considering. Thanks for reading to the very end.
