GoCash Loan App Review: Is it Legit? App Download | Interest Rate

  • November 19, 2023

Online loans have been one of the most common ways Nigerians use to tackle some little financial problems.

And just one among the numerous online loan platform is the GoCash loan app which gives you access to up to a ₦300,000 loan without providing collateral.

However, when it comes to lending money online, you probably be concerned about a few things such as the interest rate, the safety, time of repayment, is your information safe, where to forward any complaint, and most importantly, how real the loan-giving company is.

That is why we’ve brought before you a complete honest GoCash loan app review, and show you all that you need to know before applying for a loan on GoCash.

Without wasting time, let’s get started!

About GoCash Loan

GoCash loan is a Nigerian lending platform that allows Nigerian citizens to borrow money using just an Android phone without collateral, documentation, or any paperwork whatsoever before getting loan approval.

This simply means that you as an individual that lives in Nigeria can get an instant loan credited directly to your bank account from GoCash without providing a guarantor, collateral, or an ID card.

With less strict requirements, the loan company tries to provide easy and flexible ways for Nigerians to afford loans with low-interest rates to all so aim for repayment.

But is the interest rate really low?

Let’s find out.

Check Out: Palmcredit Loan App Review

GoCash Loan Interest Rate

Similar to the KashKash loan app, GoCash offers a huge interest rate on loans even though their required loan repayment term is 91 to 365 days.

Their loan amount ranges from NGN 5,000 to NGN 300,000, where the interest ranges from 4.5% – 34% with an equivalent monthly interest of 3% – 29% and APR of 29% – 365%.

For example:

If you borrow ₦1,000 by choosing a 6-months loan term, GoCash charges an interest rate of 4.4% per month. And the interest rate is 26.4%, you would be charged ₦263 as the interest for a 6-month repayment period. The total amount of repayment is ₦1,263.

Related: Loan Apps with Higher Amounts in Nigeria

GoCash Loan Requirements

Generally speaking, the major loan eligibility criteria on GoCash is being a Nigerian, and being over 20 years of age.

However, breaking it down, there is still more to GoCash loan requirements than just those two things stated above.

What are the rest?

  • You must have an Android phone.
  • The Go cash loan app must be installed on your phone.
  • You must be a Nigerian and also leave in Nigeria.
  • You must not be less than 20 years old and not be more than 55 years old.
  • You must have a valid:
  • BVN.
  • Bank Account.
  • Email Address.
  • You must have a steady source of monthly income. This will be used to analyze the loan amount you’ll be able to repay.

If any of the listed above requirements are not met, it is unfortunate that you won’t be able to apply for a loan on the GoCash loan app.

Related: How to Get a Loan without BVN in Nigeria

How to Get a Loan from GoCash in Nigeria

If you meet all the above requirements, all that is left now is to apply for a loan on GoCash and get it credited straight into your bank account.

For this to happen, you need to:

  • Download the GoCash app (scroll down to see how).
  • Sign up/Register a new account.
  • Now, click on the “Borrow” button.
  • Then, fill in the required information accurately.
  • Now, enter the amount you would like to loan.
  • Enter your preferred loan term/duration.
  • And the loan will be credited into your bank account if your application is accepted. You can try again if it was rejected.

That’s simply how to get a loan on the GoCash loan app.

However, you’ll need to download the app before all the above procedure can be implemented.

Read Also: How to Get a Loan from Newcredit

GoCash Loan App Download

In case you don’t know, GoCash cannot be downloaded from Google Play Store for now, but it can be downloaded legitimately somewhere else.

Therefore, if you’ve been searching for the GoCash loan app on Google Play Store or App Store but couldn’t find it, that doesn’t mean you can’t get the app.

All you need is a browser (Chrome, Opera Mini, Firefox, or Brave), then click on the link below to go straight to the GoCash loan app download page.

NameGoCash Quick Online Loans

Download GoCash Loan App Here!

GoCash Loan App Repayment

GoCash has made it as easy as possible for you to repay your loan. On your due date(s), your payment will conveniently be deducted from the account linked to the debit/ATM card provided during your loan application.

You can also repay your loan before the due date. This can be done by clicking on the “Repay” button on your GoCash loan app dashboard.

Keep in mind that due dates are fixed when your loan is approved. The company does not currently reschedule due dates, so you must ensure that you make your repayment on/before your agreed due date in order to continue having the Go Cash loan service available to you.

Check Out: Opay Loan Code to Borrow Money

Is GoCash Loan Legit?

Google Play Store and App Store is undoubtedly the most trusted place where you can find real and legit Apps.

However, since GoCash can’t be found on Play Store and App Store, people usually ask this question “is GoCash legit?”.

Since everything went well for me from downloading and installing the app to applying for a loan and repaying it back without any hassle, I would say that GoCash is legit.

However, I won’t really recommend you take a loan from this app due to the high interest rate and service that comes GoCash loan.

More so, based on my research, the company waste takes time by sending out embarrassing messages to your contacts when your loan is due. See proof below

KashKash loan app review

Read more Here!

Again, GoCash is a trading name under Sokoloan. That means Go cash is not a stand-alone company.

Therefore, to be on the safe side, I’d advise you to stay away from GoCash loan.

GoCash Loan App Review

I hope you haven’t forgotten that this post is mainly about the GoCash loan app review. Therefore, let’s break down all of its features and see if it suits you.

Firstly, you can get a loan within minutes from GoCash without providing a guarantor, collateral, or any paperwork whatsoever.

Secondly, with an interest rate ranging anywhere from 4.5% – 34%, the platform offers a huge interest rate on loans compared to other loan apps like Branch loan.

Thirdly, the GoCash loan app is not on Google Play Store and App Store, and it has a lot of negative feedback online.

The platform offers new customers a short term loan.

GoCash loan app has a lot of useful features, it has a simple interface, and it is beginner friendly.

You can contact GoCash customer support in many different ways. However, their representatives may be a little bit unfriendly (Especially when your loan is due).

GoCash Customer Care Number

08163993521 is the GoCash customer care number. You can call them to tender your request, and they’ll try to help you out.

GoCash Email Address

gocashservice@gmail.com is where you can reach out to GoCash via email.

Go Cash Loan – FAQs

What do I need to get a loan on GoCash?

You need to be over 20, living in Nigeria, plus your cell phone, bank verification number(BVN), and bank account number. You also need to provide us with your basic information, so that we can build your credit score. Based on your credit score, the company will assess if you’re eligible for the loan.

What are the required documents or collateral for a GoCash loan?

GoCash does not require collateral or documents – our process is entirely paperless! All you need is an Android device, a data connection, a means of identification, as well as valid bank details.

How do I borrow money from GoCash?

After downloading the app, sign in or sign up to identify yourself and this will take you to the GoCash brief registration/application forms. Complete an application with valid information, then determine how much you would like to borrow. Submit your application and you will be typically notified of the loan decision as soon as possible.

What happens if I don’t repay/pay back my GoCash loan?

Not repaying your loan on GoCash may result to: 

– Suspension of your access to our lending service.

– Reporting your account delinquency to multiple credit bureaus.

– Involvement with external collection agencies.

– Possible legal action.

Who is the owner of GoCash?

GoCash is a loan company under Sokoloan. That means the company is a part of Sokoloan.

Is GoCash available in Nigeria?

Yes, go cash is available in Nigeria. Although their app is currently not available on Google Play Store.


GoCash is undoubtedly one of the instant loan apps in Nigeria that let you obtain a loan with no collateral or guarantor.

With the in-depth GoCash loan app review discussed in this post, I believe by now, the GoCash loan interest rate, what Go cash loan requires, and how to get a GoCash loan shouldn’t be a problem anymore.