Latest Version
3.5
December 23, 2024
BLOCKA TECHNOLOGIES LIMITED
Finance
iOS
39.5 MB
0
Free
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More About Block Cash
Getting started with Blocka Cash is a straightforward process that simplifies accessing financial assistance. To begin, users are required to sign up and create an account, which serves as the gateway to utilizing the platform's services. Following that, individuals can apply for a loan in just a matter of seconds, allowing them to quickly meet their financial needs without unnecessary delays. Once the application is approved, the loan amount is deposited instantly and directly into the user's wallet, ensuring that funds are readily available for use.
Blocka Cash specializes in providing micro-credit solutions tailored for short-term personal loans ranging from N5,000 to N50,000. The specific loan amount an applicant can receive depends on their credit score, which is a crucial factor in determining loan eligibility. This approach not only offers flexibility but also helps users find suitable financing options based on their financial history and capability to repay the loan within the agreed timeframe.
To qualify for loans from Blocka Cash, applicants must be at least 21 years old and typically need to present a valid government-issued identification document. The repayment terms for these loans are designed to be manageable, with amounts due between 60 to 180 days. The majority of repayments occur on a monthly basis, and the minimum interest rate is 3%, which equates to an annual percentage rate (APR) of 36%. This structure allows users to plan their finances effectively while repaying their loans.
For instance, if a user takes out a loan of N10,000 with a repayment plan of six months at an interest rate of 3% per month, the monthly repayment would be approximately N1,966.67. By the end of the loan period, the total repayment amount would be N11,800. This example highlights the straightforward calculation involved in understanding loan costs, making it easier for users to grasp their financial commitments.
When evaluating loan applications, Blocka Cash considers various factors such as previous loan performance and credit scores to determine eligibility. It is critical for applicants to accurately complete their loan applications, as any discrepancies or falsifications could lead to severe consequences, including blacklisting or legal action for fraud. The Blocka Cash platform operates under the auspices of James Crown Credit Limited, which is authorized by the Ogun State Government of Nigeria as a licensed money lender. For assistance or inquiries, users can easily reach out through support@blocka.cash to provide feedback or seek clarification on any issues.
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