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Lily Cash Loan App Review, Is Lily Cash Loan App Legit? (Find Out)

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Lily Cash Loan App Review, Is Lily Cash Loan App Legit? (Find Out)

Lily Cash Loan App Review, Is Lily Cash Loan App Legit? (Find Out)

Lily Cash is a popular loan app in Nigeria, designed to provide quick and easy access to loans for individuals in need of financial assistance. With a user rating of 4.1 stars and over 74,000 mixed reviews, it has garnered significant attention. In this Lily Cash loan app review, we’ll be looking into various aspects of the Lily Cash loan app, including is Lily Cash loan app legit or not, lily cash loan requirements, lily cash loan interest rate, lily cash loan app download, and more.

Without having to take your time, kindly get started now.

Lily Cash Loan App Review, Is Lily Cash Loan App Legit Or Fake?

Lily Cash Loan App Review, Is Lily Cash Loan App Legit? (Find Out)

Lily Cash Loan App Review, Is Lily Cash Loan App legit

Lily Cash Loan App Review

User Ratings and Reviews

Lily Cash has received a 4.1-star rating from users, reflecting a generally positive reception. With over 74,000 reviews, the feedback is mixed, indicating both satisfied and dissatisfied users. 

Many users appreciate the app’s ease of use and quick loan disbursement, while others have raised concerns about high-interest rates and occasional technical issues.

Is Lily Cash Loan App Legit?

Lily Cash is partially legit. While it is not approved by the Central Bank of Nigeria (CBN), it is listed on the Federal Competition and Consumer Protection Commission (FCCPC) approval list. 

This partial legitimacy means that while it operates legally, it does not have the full endorsement of the primary financial regulatory body in Nigeria. 

Despite this, Lily Cash has been known to borrow individuals loans as promised, fulfilling its primary function.

How Much Can I Borrow from Lily Cash Loan App?

Lily Cash offers flexible loan amounts ranging from ₦5,000 to ₦100,000. 

The exact amount you can borrow depends on your creditworthiness and other factors assessed during the application process. 

The app aims to cater to various financial needs, from small, urgent expenses to more significant financial requirements. Now let’s see the lilycash loan requirements.

Lily Cash Loan Requirements

To qualify for a loan, it’s quite important for you to meet the following Lily Cash loan requirements:

  • Be a Nigerian citizen
  • Be between the ages of 20 and 60
  • Have a valid means of identification
  • Provide a functional bank account
  • Have a stable source of income

These lily cash loan requirements ensure that borrowers are capable of repaying the loans within the stipulated time frame.

Lily Cash Loan Interest Rate

The interest rates on Lily Cash loans can be quite high, with a maximum annual interest rate of 32%. 

For example, if you borrow ₦10,000 for a term of 180 days at an annual interest rate of 21%, the total interest would be ₦2,100, making the total repayment amount ₦12,100. 

It’s essential to consider these rates before applying for a loan to ensure you can manage the repayment.

How to Download Lily Cash Loan App

The guidelines below will show you the Lily Cash loan app download process:

For Android Users

  1. Open the Google Play Store on your Android device.
  2. Search for “Lily Cash Loan App.”
  3. Click on the app and select “Install.”
  4. Once installed, open the app and follow the registration process.

For iOS Users

  1. Open the App Store on your iOS device.
  2. Search for “Lily Cash Loan App.”
  3. Click on the app and select “Get.”
  4. Once installed, open the app and follow the registration process.

Lily Cash Loan App Login

To log in to the Lily Cash loan app, follow these steps:

  1. Open the Lily Cash app on your device.
  2. Enter your registered phone number.
  3. Enter the OTP (One-Time Password) sent to your phone.
  4. Once verified, you will be logged into your account.

How to Apply for Lily Cash Loan

Applying for a loan on the Lily Cash app is straightforward. Here’s a step-by-step guide:

Download and Install the App: First, download the Lily Cash app from the Google Play Store or App Store.

Register an Account: Open the app and register using your phone number. Verify your number with the OTP sent to your phone.

Fill Out Your Information: Provide the necessary details, including your full name, date of birth, address, email, personal ID number, and bank account information.

Read: How to Use Flexi Credit on PalmPay: A Step-by-Step Guide

Select Loan Amount and Term: Choose the amount you wish to borrow and the repayment period.

Submit Your Application: Review your information and submit your loan application.

Wait for Approval: The app will review your application and notify you of the approval status. If approved, the loan amount will be disbursed to your bank account.

Lily Cash Loan Customer Care

For any issues or inquiries, you can contact Lily Cash customer care through the following channels:

  • Phone Number: 02018889599
  • Email: [email protected]
  • Office Address: 51 Apapa Wharf Road Expressway, Lagos

FAQs On Lily Cash Loan App Review, Is Lily Cash Loan App Legit Or Fake

The following are some helpful frequently asked questions on lily cash loan app review, is Lily Cash loan app legit with their respective answers:

Is Lily Cash Loan App Legit or not?

Lily Cash is partially legit. While it is not approved by the Central Bank of Nigeria (CBN), it is listed on the Federal Competition and Consumer Protection Commission (FCCPC) approval list. 

This means it operates legally but without the full endorsement of the primary financial regulatory body in Nigeria.

How Do I Download Lily Cash Loan App?

To download the Lily Cash loan app:

For Android Users:

  1. Open the Google Play Store on your device.
  2. Search for “Lily Cash Loan App.”
  3. Click on the app and select “Install.”
  4. Once installed, open the app and follow the registration process.

For iOS Users:

  1. Open the App Store on your device.
  2. Search for “Lily Cash Loan App.”
  3. Click on the app and select “Get.”
  4. Once installed, open the app and follow the registration process.

Is Lily Cash Loan Real or Fake?

Lily Cash is a real loan app that provides microloans to users. However, please note that it has high-interest rates and some users have reported technical issues. 

Always read user reviews and understand the terms before applying for any loan.

What Are the Lily Cash Loan Requirements?

To qualify for a loan from Lily Cash, you must meet the following requirements1:

  • Be a Nigerian citizen
  • Be between the ages of 20 and 60
  • Have a valid means of identification
  • Provide a functional bank account
  • Have a stable source of income

What Is the Lily Cash Loan Interest Rate?

The interest rates on Lily Cash loans can be quite high, with a maximum annual interest rate of 32%. 

For example, if you borrow ₦10,000 for a term of 180 days at an annual interest rate of 21%, the total interest would be ₦2,100, making the total repayment amount ₦12,100.

How Do I Apply for Lily Cash Loan?

Applying for a loan on the Lily Cash app is straightforward. Here’s a step-by-step guide:

  1. Download and Install the App: First, download the Lily Cash app from the Google Play Store or App Store.
  2. Register an Account: Open the app and register using your phone number. Verify your number with the OTP sent to your phone.
  3. Fill Out Your Information: Provide the necessary details, including your full name, date of birth, address, email, personal ID number, and bank account information.
  4. Select Loan Amount and Term: Choose the amount you wish to borrow and the repayment period.
  5. Submit Your Application: Review your information and submit your loan application.
  6. Wait for Approval: The app will review your application and notify you of the approval status. If approved, the loan amount will be disbursed to your bank account.

How Do I Contact Lily Cash Loan Customer Care?

For any issues or inquiries, you can contact Lily Cash customer care through the following channels:

  • Phone Number: 02018889599
  • Email: [email protected]
  • Office Address: 51 Apapa Wharf Road Expressway, Lagos

Conclusion

Lily Cash is a convenient option for individuals in Nigeria seeking quick and accessible loans. While it has its drawbacks, such as high-interest rates and partial legitimacy, it remains a viable solution for short-term financial needs. 

By understanding the app’s features, requirements, and processes, you can make an informed decision about whether Lily Cash is the right choice for you.

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2 Comments

  1. Pingback: Okash Loan USSD Code, How To Register Okash Loan  - Xpedia Media TV

  2. Abubakar

    October 12, 2024 at 5:45 am

    Yes I’m interested

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Money & Finance

10 Best Apps Like PalmPay in Nigeria

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Apps Like PalmPay

If you’re looking for apps like PalmPay in Nigeria, you’re in luck! PalmPay is super popular because it makes sending money, paying bills, and buying airtime so easy. But it’s not the only option. There are many other apps that work in a similar way and may even give you better deals sometimes. Here’s a list of 10 great alternatives to PalmPay that you should check out.

Best PalmPay Alternatives in Nigeria

1. Opay

Opay is one of the best apps for managing your money in Nigeria. It’s perfect for sending money, paying for electricity, buying airtime, and even hailing a bike or car in some areas. They often have discounts or cashbacks, which make it cheaper to use. Opay is also known for its fast transactions and low fees.


2. FairMoney

FairMoney is a good option if you need both a wallet and a loan app. With FairMoney, you can send money, pay bills, buy airtime, and even get quick loans. They offer different types of loans, which can be useful if you’re in need of emergency cash. The app is simple to use, and many Nigerians love it because of how fast it is to get a loan approved.


3. Kuda Bank

Kuda Bank is called “the bank of the free.” Kuda is fully digital and has no monthly fees, so it’s a favorite among people who want to save money. You can pay bills, send money to other banks without charges, and buy airtime. Kuda also has savings options, so you can put money aside for future needs, and their savings interest is decent.


4. ALAT by Wema

ALAT is Nigeria’s first fully digital bank. It’s similar to PalmPay in terms of sending money and paying bills, but it’s also different because it’s a real bank with all the services. You can set savings goals, earn interest, and get loans as well. ALAT also allows you to create virtual cards for online shopping, which is a great feature for people who shop online.


5. Carbon

Carbon (formerly known as Paylater) is known for offering quick loans, but it’s much more than a loan app. You can pay bills, buy airtime, and transfer money easily with Carbon. The app also allows you to invest your money, which is a unique feature not found on most other apps. Carbon’s loan approval is quick, and their customer service is very supportive.


6. Paga

Paga is a well-known app in Nigeria and works similarly to PalmPay. It’s widely used to transfer money, pay for bills, and buy airtime. With Paga, you can even deposit money directly into your bank account if you have one. Paga is available both on mobile and in thousands of agent locations across Nigeria, so it’s very convenient.


7. Chipper Cash

Chipper Cash is a great choice if you want to send money for free, especially across borders. Chipper Cash allows you to send and receive money not just in Nigeria but to other African countries too. You can also pay bills and buy airtime. The app is simple and popular among people who send money across Africa.


8. Quickteller

Quickteller has been around for a while and is trusted by many Nigerians. It allows you to pay bills, send money, and buy airtime very quickly. The app connects with many banks and services, so it’s easy to use for most people. You can also use it to make payments on Jumia and other online stores in Nigeria, which is very convenient.


9. Remita

Remita is known for helping people and businesses make payments to government agencies, but it’s also good for general transactions. You can pay bills, transfer money, and buy airtime on the app. Remita works well for people who need to pay official fees like taxes or school fees, so if you have those needs, this app can be very useful.


10. VBank

VBank is a digital bank that provides easy banking services without fees. It’s perfect if you want a banking app that allows you to save money and earn interest without worrying about charges. VBank allows you to pay bills, send money, and create savings goals. The app is fast, and they often have promotions that give users bonuses on transactions.


Final Thoughts

Each of these apps offers something similar to PalmPay, but with their own unique features. Whether you’re looking to save, send money, pay bills, or get a loan, there’s an app on this list that will suit your needs. Try a few and see which one works best for you!

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Money & Finance

How Many Customer Service Does Opay Have Across Nigeria?

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Opay office address in Nigeria

Opay, one of Nigeria’s top mobile payment platforms, has made it easier for people to access financial services. With its growing popularity, many customers need to know where to find Opay’s customer service centers across Nigeria. Whether it’s for help with transactions, inquiries, or any other services, Opay has 17 customer service centers spread across major cities in the country. Below is a simple list of where you can find them.

Complete List of Opay Offices in Nigeria

1. Abuja

  • Address: Uyk Hexahub Plaza, Balanga Crescent off Uke Street by Bolton White Hotel, opposite Hawthrone Suites, Garki 11.

2. Lagos (Allen, Ikeja)

  • Address: No. 103 Mosesola House, Allen Road, Ikeja.

3. Lagos (Festac)

  • Address: Plot 3084, 24 Sky Castle Plaza, Festac Access Road, beside Santiago Hotel, Festac Town.

4. Lagos (Ikorodu)

  • Address: No. 132B Lagos Road, Ikorodu Jumofak Bus Stop.

5. Abeokuta

  • Address: Dolly House, opposite Laroy Hotel, Abiola Way.

6. Ibadan

  • Address: Tricennial House, 189B Fajuyi Road, beside Ideal Consult, opposite Thermocool Showroom, Adamasingba Road, Eleganza.

7. Jos

  • Address: Thilda’s Center, Shop 12, opposite Gig Logistics, Dadin Kowa 3rd Gate.

8. Kaduna

  • Address: ASD City Mall, Katsina Road by Independent Way.

9. Kano

  • Address: 91/94 Ibrahim Taiwo Road, adjacent to Azman Filling Station, Fagge Local Government Area.

10. Osogbo

  • Address: KLM 3 Gbongan Ibadan Expressway, opposite Fakunle Justrite Mall, beside MTN Office.

11. Benue

  • Address: Chiventis Plaza, Atom Kpera OAD, Modern Market.

12. Akwa Ibom

  • Address: Plot 104 Nsikak Eduok Avenue, Homelight Properties, after Full Life Christian Centre, Two Lane, Uyo.

13. Imo

  • Address: No. 138 Tetlow Road, off Lagos Street.

14. Abia

  • Address: No. 37 Okigwe Road, opposite Hotel De Ville, Aba South LGA.

15. Kogi

  • Address: No. 36, 1BB Way, opposite Kogi State Revenue House, Lokoja.

16. Port Harcourt

  • Address: Plot 79 Evo Road, opposite Medicine Mart Pharmacy, GRA.

17. Edo

  • Address: 5 Dawson Road, opposite Felona Hotel, Benin City.

Frequently Asked Questions (FAQs) About Opay Customer Service Centers

1. What services can I get at an Opay customer service center?
At any Opay customer service center, you can get help with a variety of issues, such as:

  • Troubleshooting transaction problems
  • Verifying your account or identity
  • Getting assistance with your Opay wallet
  • Receiving support for Opay business services like POS terminals or agent-related queries

2. Do I need to book an appointment before visiting a customer service center?
No, you don’t need to book an appointment. You can visit any Opay customer service center during their business hours, and an agent will assist you with your concerns.

3. Are Opay service centers available in all states of Nigeria?
Opay currently has 17 customer service centers located in key cities across Nigeria. These cities include Abuja, Lagos, Ibadan, Kano, and others. While they are not in every state, Opay is continually expanding its presence.

4. Can I contact Opay customer service without visiting an office?
Yes, Opay also offers customer support through phone calls and email. If you cannot visit one of the offices, you can reach out to their customer care through the Opay app, or you can call their helpline.

5. Are there other ways to get help from Opay aside from these service centers?
Yes, apart from visiting their physical offices, Opay has an online customer support system. You can use the Opay app to report issues, ask questions, or chat with a representative.


Final Thoughts

Opay’s network of 17 customer service centers across Nigeria provides convenient and reliable support for users. Whether you need assistance with a transaction, a question about their services, or a problem with your Opay wallet, visiting one of their centers ensures you get help from their friendly and professional staff. With offices in major cities like Lagos, Abuja, and Kano, Opay is making it easier for Nigerians to access their services and resolve any issues they may have.

ALSO READ: Which Companies Share the Same Stakeholders as OPay?

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Money & Finance

Which Companies Share the Same Stakeholders with OPay?

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Opay stakeholders

If you’ve heard about OPay and its rapid growth in the financial services space, you might be curious about the companies that share the same investors and stakeholders. OPay is a mobile payments and financial services platform primarily operating in Nigeria, with major backing from some international heavyweights. So, who else is in OPay’s financial circle? Let’s break it down in an easy-to-understand way.

List of OPay Stakeholders

Before we dive into the companies that share OPay’s stakeholders, it’s important to understand who OPay’s primary backers are:

  • SoftBank – One of the world’s largest investment firms based in Japan.
  • Sequoia Capital China – A major venture capital firm.
  • Meituan-Dianping – A huge Chinese company in the food delivery and services industry.

Now that we know the key players, let’s explore the companies that share these same investors.

Companies with Shared Stakeholders

  1. Meituan-Dianping
    This might be a little obvious, but it’s important! Meituan-Dianping is not only an investor in OPay but also a giant in the Chinese tech world. They specialize in food delivery, hotel booking, and other on-demand services. If you’re familiar with Uber Eats or DoorDash, think of Meituan as their Chinese equivalent.
  2. Uber
    Yes, the ride-hailing app many of us use! Uber is backed by SoftBank, the same investor behind OPay. Both companies are part of SoftBank’s Vision Fund, which invests in tech-forward companies with high growth potential. So, OPay and Uber have a common investor pushing them to new heights.
  3. Grab
    Similar to Uber, Grab is a popular ride-hailing and food delivery service in Southeast Asia. Like OPay, it’s backed by SoftBank, making them investment siblings of sorts. Both companies focus on making everyday services easier and more convenient for users.
  4. Bytedance (TikTok)
    Surprise! Bytedance, the company behind TikTok, is backed by Sequoia Capital China, just like OPay. While their services differ—TikTok is all about entertainment and OPay handles payments—the connection is through shared financial support from Sequoia.
  5. Coupang
    If you’re in South Korea, you’ve likely heard of Coupang, a huge e-commerce platform. It’s also backed by SoftBank, putting it in the same investment group as OPay. Coupang focuses on online shopping and fast delivery, much like Amazon.

Frequently Asked Questions (FAQs)

1. Why does OPay have so many international stakeholders?

OPay is a Nigerian company with a huge potential to scale across Africa. International investors see Africa as a rapidly growing market, especially in fintech. With OPay’s success in Nigeria, investors like SoftBank and Sequoia Capital want to be part of its expansion.

2. Does sharing the same stakeholders mean OPay is similar to these companies?

Not necessarily. OPay focuses on financial services and payments, while other companies like Uber and TikTok are in different industries. The common factor is the investors, who are betting on these companies to succeed in their respective fields.

3. What does this mean for OPay’s future?

With backing from huge global investors, OPay is in a strong position to expand its services and improve its offerings. The shared stakeholders show that OPay is considered a high-potential company by major global players, which can only be good news for its growth.


So there you have it! OPay shares its financial backing with some of the biggest companies around the world, which speaks volumes about its potential and credibility. Whether it’s Uber, TikTok, or Grab, these companies may be different in what they do, but they all have powerful investors that believe in their future—just like OPay.

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