🇺🇬 CashX Loan App - How To Apply, Repay, Interest rate, Contacts.
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CashX is a product offered by CashX developers via the playstore to Ugandan residents. Initially released on September 2022, the app has managed to get downloaded upto 100K+ times. In addition, it has also received over 2,000 reviews and has a 4.5/5 star rating.
CashX Loan Requirements/Eligibility Criteria
To be eligible for CashX loans, you are required to be a Ugandan citizen above 18 years with a good credit history.
CashX Loan Registration & Application
To use the app, download and install the CashX app from the playstore, grant the app the necessary permission requests and proceed with the registration process. Upon completion, apply for your required loan amount.
Pros: Registration and loan application is quite easy and uncomplicated
Cons: At times, there may be persistent ‘Authorization failed’ error message during registration
CashX Loan Amount Limits
The loan amounts range from a minimum of UGX100,000 to a maximum of UGX1,000,000.
Pros: Loans are approved and disbursed within minutes of application.
Cons: The loan amount received is less compared to the approved loan amount since the service fee charge is deducted prior to disbursement. e.g If you qualify for a loan of UGX66,000, you will may receive a lesser amount like UGX45,000
CashX Loan Interest Rate
The loans attract an interest rate of upto 30%
Cons: This interest is considered higher compared to other digital lenders.
CashX Loan Repayment Duration
The loans provide a repayment duration option of 8 days
Cons: Rude and abusive collection agents
CashX Loan Contacts
77 Kira Rd, Kampala
Tel:(256)741 902 353