cay credit loan app

Cay credit loan is a high-speed loan approval platform in the country. They have flexible loan repayment options and low requirements. To apply and get approved, all you need to do is to read this article to the end.

We will discuss how to apply for a cay credit loan, the requirements for the loan application, and the loan interest rates, and we will conclude this article by answering some of the frequently asked questions you may have about this topic.

Overview Of Cay Credit Loan

The cay credit loan is one of the best credit loan platforms in the country. Each credit loan platform has what makes it exceptional.

The cay credit loan platform has gained popularity among Nigerians because of its fast rate of loan approval, the easy application process, fewer requirements, and, most significantly, flexible loan repayment options.

This flexible loan repayment plan makes many people opt for this loan. Over 90% of people that apply for this loan usually repay their loan within the agreed period.

How Cay Credit Loan Platform Works

The cay credit loan platform works on the principle of first come, first served and also on the principle of eligibility. If two people apply for the same amount of loan under similar conditions, the cay credit loan platform will approve the loan of the one that is most eligible.

In the case of two people being eligible for the loan, the cay credit loan platform will authorize the loan for the first person that applied. This working principle of the cay credit loan platform makes it one of the best platforms to obtain loans.

Cay Credit Loan App

The cay credit loan platform has made it easy for anyone to apply for a loan by introducing the loan app. With the cay credit loan app, you can perform a lot of transactions, such as

  • Payment of bills
  • Payment of electricity bills
  • Recharge card
  • Data purchase
  • Bank transfer and so many other activities

How To Download The Loan App

To download the loan app, follow the steps below

  • The first thing you need to do is to make sure you have a strong internet connection and data
  • Open your Google play store and search for ‘cay credit loan.’
  • Click on it, and click on the download
  • After downloading, allow it to install, and your loan app is ready.

How To Be Eligible For Cay Credit Loan

The following are the eligibility requirements for Cay Credit Loan

  • You must have a personal bank account. This is where the loan you applied for will be disbursed
  • The minimum age requirement for application of this loan is 20 years old
  • The maximum age requirement is 65
  • You must be a citizen of Nigeria
  • It will help if you have a stream of income
  • You must provide your BVN
  • Make sure you have a high creditworthiness score. Having a high creditworthiness score will make your application approved fast. To have a high creditworthiness score, make sure you do not owe any loan platform during the point of the loan application.
  • You must provide your details and make sure that the details you provided are correct
Read Also:  Loans For Bad Credit

How To Apply For Cay Credit Loan

To apply for a cay credit loan, follow the steps below

  • Open the downloaded app from the Google play store
  • Sign up with your email and password
  • You will be taken to the home page
  • On the home page, click on apply for a loan
  • You will be required to fill in some of your details
  • When stating the reason for the loan, make sure you write correctly. What you fill in will determine if your loan application will be approved.
  • Choose the loan repayment plan that suits you
  • Click on submit. If you are eligible for the loan and have met all the requirements, your loan will be approved and disbursed to your private bank account within minutes.

Maximum and Minimum Amount

The minimum and maximum loan amount you can apply for on this platform is; NGN 5,000 to NGN 500,000.

What Is Cay Credit Interest Rate?

Annual Percentage Rate(APR): from 6% to 35%. Our interest rate is calculated daily.

Service Charge: depends on your credit, generally between 0% and 10%

For Instance:

Loan Amount:₦30,000

Loan Period:180 days

Interest Rate:24% per year,

Interest: ₦ 30,000 * 24% / 365 * 180 = ₦ 3,550

Service Charge:₦ 30,000 * 1% = ₦ 300

Total Repayment Amount: ₦ 30,000 + ₦ 3,550 + ₦ 600 = ₦ 34,150

Cay Credit Repayment Term

The repayment term of a cay credit loan ranges from 91 days to 365 days, but it depends on the amount of loan you borrowed from the platform.

Advantages Of Cay Credit Loan

The following are some of the advantages of cay credit loan

  • Fast approval of the loan
  • Ease of use of the app
  • Low-Interest rate
  • Flexible repayment plan
  • You can use the app for many other activities

Disadvantages Of Cay Credit Loan

  • The only disadvantage of a cay credit loan is that if you don’t meet the eligibility requirements, it may take a while for them to get back to you

How To Contact Cay Credit Loan

You can quickly contact cay credit loan through the following channel;

  • Email:
  • WhatsApp Number: +234 7055487723
  • Company address: 20 Bola Odupitan St, Amuwo Odofin 102102, Lagos

Frequently Asked Questions

What is the CayCredit-Instant loan PC version?

Cay Credit-Instant loan is a Finance app developed by Caycredit. You can play CayCredit-Instant loan on a PC after downloading an Android emulator from this page.

How Good Is Cay Credit Loan?

The cay credit loan platform is excellent and has all you need for smooth and stress-free banking services.


Cay Credit loan is reliable and easy to access if you meet the requirements we listed earlier. However, you must download the loan app and create an account with Cay Credit.