What is Borrow Me Cash? (No more borrowing from friends, colleagues and family)
Borrow-Me-Cash allows pre-registered members/borrowers access small cash loans between #5,000 and #30,000 to meet pressing/urgent or embarrassing needs. Borrow-Me-Cash enable you meet your pressing needs to avoid the embarrassment that comes with your inability to meet obligations as at when necessary
By simply applying on www.citycore.com.ng/borrowmecash, you can now obtain a cash loan delivered within 24 hours to your bank account with no collateral required.
Benefit of accessing Borrow Me Cash?
It affords you the opportunity of meeting those small financial emergencies such as payment of subscriptions (TV, Phones, PHCH etc), fuel your car, family emergencies, weekend emergencies, salary delay, transport, payment of emergencies that can’t be deferred and many more. Borrow-Me-Cash won’t allow those small bills disgrace you.
How Do I apply for Borrow-Me-Cash loans?
- Fill out Borrow-Me-Cash application on citycore.com.ng/borrowmecash
- Get a loan approval response within 24 hours
- Get a minimum of two of your friends to like our page
- Get funds in your account
How to access Borrow-Me-Cash?
Apply for Borrow-Me-Cash loan on www.citycore.com.ng/borrowmecash,
How much Money can I borrow?
Loan offers on Borrow-Me-Cash range from #5,000 to #30,000 to help you settle those small embarrassing bills. Higher loans can be obtarong>City Core Cooperative Investment and Credit Society Limited
What is the maximum loan available?
The initial maximum loan available to Borrow-Me-Cash customers is #10,000
What is the maximum Borrow-Me-Cash payback Duration?
Borrow-Me-Cash payment duration is between 10 and 30 days. The maximum payback duration is 30 days
The loan amount is too small?
The loan offer is what we can provide to you at the time of application. As you build a credit history with us, this will vary and increase in the future.
How to qualify for higher Borrow-Me-Cash?
Making your repayments on time enables you to quickly build a strong Borrow-Me-Cash credit history. This may allow you to borrow larger sums at cheaper costs in future.
Summary-Pay back the initial loan of #10,000 (twice), upgrade to #20,000, pay back twice, Upgrade to #30,000.
You can also increase your loan size by applying for membership of City Core Cooperative Investment and Credit Society Limited on www.citycore.com.ng/membershipapplication
How long does it take to get Borrow-Me-Cash?
Borrow-Me-Cash is accessed within 24hours after your Borrow-Me-Cash loan has been approved. Your first loan can however be delayed to afford us ample time to access your credit history, verify your contact information and conduct a background check with your consent. The more you pay your Borrow-Me-Cash loans early, the faster it becomes to access higher and subsequent loans.
How do I qualify for Borrow-Me-Cash loan?
In order to qualify for Borrow-Me-Cash loan, you must:
- be at least 22 years of age
- have a verifiable and regular source of income
- you must reside in our area of coverage
Do I need to visit the office to receive a loan?
No, as long as you have filled Borrow-Me-Cahave filled Borrow-Me-Cash online application and you fall into Borrow-Me-Cash approved customers, you are not required to visit the office. Once approved, funds are disbursed into your bank account
Do I need to provide collateral to receive a Borrow-Me-Cash loan?
You do not need any collateral to receive a Borrow-Me-Cash loan.
How much interest do I pay back?
Interest on the first two Borrow-Me-Cash loans is charged daily at 1%. The interest payable is pay as you go, meaning we charge only for days you use the loan.
How to repay your Borrow-Me-Cash loan?
You can repay your loans by;
- Issuing a post date cheque
- Filling a direct debit mandate/set-off
- You can also pay your Borrow-Me-Cash loan via bank deposit, transfers, etc
What happens if I don’t pay back?
You are advised to take a Borrow-Me-Cash loan only if you are reasonably certain you have the means to repay within the agreed period. If you fail to settle your Borrow-Me-Cash loan as at when due, it can attract serious consequences such as:
- Default charges.
- Forcing us to employ legal means to recover our money
- Involving external collection agencies
- Causing you embarrassment at your workplace/residence
- Blacklisting you by reporting your details with credit bureau which will impair your ability to get credit in the future
- Any other means we can employ to recover our money
Can I payback my loan before the due date, will I pay less?
You can repay all or part of your loan before the due date and at anytime. You save interest as you only pay interest for the days you borrow.
What checks do we conduct before loans is approved?
- We verify workplace/business address
- Residential address
- We conduct financial checks to determine capability
Why was my loan application rejected?
Borrow-Me-Cash loan application can be rejected due to a number of reasons such as:
- Inadequate information to make a lending decision
- You have a poor credit history
- You did not pay your previous Borrow-Me-Cash loan
- You do not meet our lending criteria
Who should contact for support?
Feel free to reach out to us at firstname.lastname@example.org