Cash Owomi loan apk

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UpdatesMay 24, 2023
CategoryLoan App Nigeria
Cash Owomi loan app apk
Cash Owomi loan apk
About Cash Owomi loan app Nigeria

In today’s fast-paced digital world, access to convenient and reliable financial solutions is crucial. When unexpected expenses arise or urgent financial needs emerge, having a platform that provides quick and accessible personal loans becomes essential. Cash Owomi loan app, presented by Blue Ridge Microfinance Bank Limited, is a leading platform in Nigeria that caters to the financial requirements of customers, offering a seamless and user-friendly online experience. With its commitment to convenience and efficiency, Cash Owomi stands out as a trusted platform for mobile users seeking personal loans in Nigeria.

In this article, we will explore the features, benefits, and application process of Cash Owomi. Whether you need funds for emergencies, education, business ventures, or personal expenses, Cash Owomi is designed to meet your financial needs with its customer-centric approach. With a simple application process, minimal documentation requirements, and quick loan disbursement, Cash Owomi ensures a hassle-free experience for users, allowing them to address their financial challenges promptly and conveniently.

As we delve into the details of Cash Owomi, we will discover why this platform has gained popularity among mobile users in Nigeria. From the flexibility in loan amounts to the secure and transparent loan payment structures, Cash Owomi offers a range of advantages that make it an attractive choice for those in need of personal loans. Let us explore the features, eligibility criteria, and step-by-step process of Cash Owomi, empowering you with the knowledge to make informed financial decisions and take advantage of this innovative lending platform.

So, let’s embark on this journey to understand how Cash Owomi can provide the financial assistance you need, all at your fingertips.

Cash Owomi Loan app Features

Cash Owomi offers a range of loan features tailored to meet the diverse financial needs of its users. Whether you require a small loan for immediate expenses or a larger amount for a specific purpose, Cash Owomi provides flexible options to cater to your requirements. Let’s explore the key features of Cash Owomi loans:

  1. Loan Amounts:

    Cash Owomi loan app offers loan amounts ranging from ₦3,000 to ₦200,000. This wide range allows users to choose the specific loan amount that suits their needs. Whether it’s covering unexpected medical expenses or funding a business opportunity, Cash Owomi provides the flexibility to access the required funds.

  2. Repayment Period:

    The repayment period for Cash Owomi loans varies from a minimum of 91 days to a maximum of 365 days. This flexibility enables borrowers to select a repayment term that aligns with their financial situation and ensures comfortable repayment without undue stress.

  3. Interest Rates:

    Cash Owomi implements competitive interest rates to make borrowing affordable for its users. The interest rates start from as low as 0.1% and go up to 1%, depending on various factors such as loan amount, repayment period, and creditworthiness. The interest is calculated daily, providing transparency and clarity on the cost of borrowing.

  4. Origination Fee:

    Cash Owomi applies an origination fee to cover administrative costs associated with loan processing. The fee ranges from NGN 1,174 to NGN 6,000 for a single charge, depending on the loan amount. This fee is deducted upfront from the approved loan amount, and the remaining funds are disbursed to the borrower’s bank account.

  5. Annual Percentage Rate (APR) in Cash Owomi loan app

    The Annual Percentage Rate (APR) for Cash Owomi loans ranges from 36.5% to 300%. The APR represents the total cost of the loan, including interest, fees, and other charges, expressed as an annualized rate. It provides borrowers with a comprehensive understanding of the overall cost of borrowing.

To illustrate the loan payment structure, let’s consider an example. Suppose you opt for a 91-day loan term with an origination fee of 39% and an interest rate of 2.7%. For a loan amount of ₦3,000, the origination fee would be ₦1,174, and the interest would amount to ₦81. Therefore, the total amount payable at the end of the loan term would be ₦4,255.

Cash Owomi ensures transparency in its loan features, providing borrowers with a clear understanding of the costs associated with their loans. By offering flexible loan amounts, repayment periods, competitive interest rates, and transparent origination fees, Cash Owomi strives to empower individuals with accessible and affordable financing options.

Why Choose Cash Owomi loan app?

When it comes to personal loans in Nigeria, Cash Owomi stands out as a reliable and convenient platform for several compelling reasons. Whether you’re in need of immediate funds for emergencies or looking to finance personal expenses, Cash Owomi offers a range of benefits that make it an attractive choice. Let’s explore why Cash Owomi is the platform of choice for mobile users in Nigeria:

  1. Loan Application Based on Creditworthiness:

    Unlike traditional loan providers that often require collateral or extensive paperwork, Cash Owomi assesses loan applications based on creditworthiness. This means that you can apply for a loan using your credit score without the need for deposits or guarantees. Cash Owomi believes in empowering individuals by considering their financial credibility and providing equal opportunities for access to loans.

  2. Loan Amounts up to NGN 500,000:

    Cash Owomi offers loan amounts ranging up to NGN 500,000, providing flexibility to address various financial needs. Whether you require a small loan to cover immediate expenses or a larger amount for a specific purpose, Cash Owomi has you covered. The wide range of loan amounts ensures that you can borrow the exact sum required to meet your financial goals.

  3. Seamless Digital Process on Your Mobile Device:

    Cash Owomi understands the importance of convenience in today’s fast-paced world. That’s why their loan application process is designed to be completely digital and accessible on your mobile device. With Cash Owomi’s user-friendly mobile application, you can complete all the necessary steps of the loan application process, from submission to verification, without the need for physical paperwork or visits to a branch.

  4. Data Privacy and Security:

    Protecting your personal information is a top priority for Cash Owomi. They have stringent data protection measures in place to ensure the confidentiality and security of your data. Rest assured that your information is safe and will not be shared with any third parties without your consent. Cash Owomi values your privacy and strives to maintain the highest standards of data security.

  5. Payment Reminders:

    Cash Owomi understands that life can get busy, and it’s easy to overlook payment deadlines. To help you stay on track and avoid late payments, Cash Owomi provides payment reminders. These reminders are sent to you via SMS, ensuring that you never miss a payment deadline and can maintain a positive borrowing experience.

Cash Owomi loan app: Eligibility Criteria

To access the financial assistance provided by Cash Owomi, it is essential to meet certain eligibility criteria. These criteria are in place to ensure a responsible lending process and to maintain the integrity of the platform. Before applying for a loan with Cash Owomi, it is important to review the eligibility requirements outlined below:

  • Residency:
    Cash Owomi is available exclusively to residents of Nigeria. To be eligible for a loan, you must be a Nigerian citizen or a legal resident of Nigeria.
  • Age Requirement:
    The minimum age requirement to apply for a loan through Cash Owomi is 20 years, while the maximum age allowed is 55 years. Applicants must fall within this age range to be considered for a loan.
  • Monthly Income Source:
    Cash Owomi requires applicants to have a stable and verifiable monthly income source. This ensures that borrowers have the means to repay their loans within the agreed-upon terms. The income source can include employment income, business income, or any other regular source of income.
  • Identification:
    As part of the application process, Cash Owomi requires applicants to have a valid form of identification. This can be in the form of a government-issued ID card, such as a National Identity Card, Permanent Voter’s Card, or International Passport. The identification document serves to verify the applicant’s identity and establish their eligibility for a loan.

How to Get Started with Cash Owomi loan App

Getting started with Cash Owomi is a straightforward and user-friendly process. The platform is designed to provide a seamless and convenient borrowing experience for mobile users in Nigeria. To begin your journey with Cash Owomi and access the financial assistance you need, follow the step-by-step guide outlined below:

  1. Install the Cash Owomi loan App:

    Start by downloading and installing the Cash Owomi mobile application from the Play Store on your Android device. The app is specifically designed to provide a user-friendly interface for loan applications and account management.

  2. Register Your Account:

    Once you have installed the app, open it and proceed to register your account. You will be prompted to provide your personal information, including your full name, phone number, email address, and any other details required for registration. Ensure that you provide accurate and up-to-date information during this step.

  3. Select the Desired Product:

    After successfully registering your account, you can browse through the available loan products offered by Cash Owomi. Choose the product that best suits your financial needs and select it to proceed with the application.

  4. Fill in the Basic Information:

    To complete the loan application, you will need to provide some basic information about yourself. This may include your employment status, monthly income, residential address, and other relevant details. Cash Owomi collects this information to assess your eligibility for a loan and determine the loan amount you can qualify for.

  5. Submit Your Application:

    Once you have filled in the necessary information, carefully review the details to ensure accuracy. Double-check that all the information provided is correct and complete. After verifying the accuracy of your application, submit it for further processing.

  6. Verification and Approval:

    Upon submission, Cash Owomi loan app may initiate a verification process to confirm the accuracy of the information provided. This may include verifying your identity and income source. In some cases, you may receive a call for verification purposes. Once your application is approved, you will be notified through the app and via SMS.

  7. E-Sign the Loan Agreement:

    After receiving approval, you will be required to e-sign the loan agreement. Carefully review the terms and conditions outlined in the agreement before proceeding. E-signing the agreement signifies your acceptance of the loan terms and your commitment to repay the borrowed amount.

  8. Cash Owomi loan app: Loan Disbursement and Notification

    Once you have e-signed the loan agreement, the approved loan amount will be disbursed directly to your designated bank account. Simultaneously, you will receive an SMS notification confirming the successful disbursement of funds.

Cash Owomi loan app: Contact Information

If you have any inquiries, need assistance, or have questions regarding Cash Owomi’s services, there are various channels available to contact their customer support team. Cash Owomi values effective communication and strives to provide prompt and reliable assistance to their users. Here are the contact details you can use to reach out to Cash Owomi:

  • Email Customer Service:
    For general inquiries or support, you can send an email to Cash Owomi’s customer service team at This email address serves as a direct line of communication, allowing you to express your concerns or seek clarification on any matters related to their services. Cash Owomi aims to respond to emails in a timely manner, providing the necessary support to address your queries.
  • Hotline Customer Service:
    If you prefer direct communication over the phone, Cash Owomi’s hotline customer service is available to assist you. You can reach their customer support team by dialing the following phone number: (+234) 9153849757. By calling this number, you can speak with a representative who will address your concerns, provide guidance, and assist you with any issues you may encounter during the loan application process or account management.
  • Physical Address:
    Cash Owomi is located at Room 113, Japaul House, No. 20 Opebi Road, Central Business District, Ikeja, Lagos, Nigeria. If you prefer face-to-face interaction or need to visit their office for any reason, you can refer to this address. It’s important to note that due to the convenience and accessibility of their mobile application, most interactions can be effectively handled through email or phone communication.


Cash Owomi, presented by Blue Ridge Microfinance Bank Limited, is a convenient and reliable platform for mobile users in Nigeria seeking personal loans. With its user-friendly mobile application and seamless online process, Cash Owomi offers a hassle-free borrowing experience, providing financial solutions to meet the diverse needs of individuals.

By choosing Cash Owomi, borrowers benefit from several key features. First, there is no need for a deposit or collateral to apply for a loan, making it accessible to a wider range of individuals. Additionally, Cash Owomi offers loan amounts ranging from ₦3,000 to ₦200,000, allowing borrowers to secure the funds they require for various purposes.

With its user-friendly mobile application, flexible loan options, and reliable customer support, Cash Owomi strives to meet the financial needs of its users and provide a positive borrowing experience. If you are in search of a reliable and accessible loan platform, Cash Owomi can be a suitable choice to fulfill your financial requirements.

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