Jollof Cash-Fast Loan App 1.0.5

Jollof Cash presents itself as a streamlined platform for personal loan access within Nigeria, emphasizing speed, security, and convenience. Its application process appears straightforward, mainly designed for mobile users seeking quick approvals and flexible repayment options.

Regarding loan specifics, the minimum loan amount available is ₦5,000, with a maximum ceiling of ₦880,000. Repayment periods range from a minimum of 70 days to a maximum of 240 days. The associated interest rates vary significantly, with an annual percentage rate (APR) spanning from 54.75% to 126.8%. Notably, the service claims no additional fees or hidden charges, which could be advantageous for borrowers.

An illustrative loan calculation demonstrates that borrowing ₦880,000 over the maximum period would accrue interest totaling approximately ₦316,800, leading to a total repayment sum of ₦1,196,800. This example aids in understanding the financial implications but highlights the potentially high cost associated with such loans.

The application process involves downloading their mobile application from Google Play, registering with a phone number, and submitting a loan request. Approved applicants reportedly receive funds directly into their bank accounts promptly.

In terms of data security, Jollof Cash asserts robust encryption measures and commits to protecting user information against unauthorized sharing, aligning with standard privacy practices. Further details are accessible via their Privacy Policy link.

For customer support or inquiries, contact options include email and online resources, with operational hours specified from 9:00 AM to 6:00 PM. Prospective borrowers should consider the interest rate range and associated costs carefully before proceeding.