LionCash Loan App

LionCash loans are offered by Grola Tech Limited in Kenya

offer small amount of money to their customers that range from Sh500 to sh70,000 with an interest of 16%

A customers loan limit may increase upto Sh500,000 depending on individual's credit score, their limit and CRB status. With LionCash loans, the more an individual borrows, the higher their loan limit.

They also allow their customers to extend loan repayment period.

If a loan is granted, the interest and a charge fee is included in the loan and a cutomer will be required to repay the whole amount, unlike others who deduct the charge fee from the amount requested.

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Requirements to access LionCash loans

  • An android smartphone
  • National Identification number
  • A registered Safaricom number
  • Mpesa statement
  • Internet access

How to get LionCash App

  • Go to google play store and search for LionCash Loan App
  • Select an item with an LionCash logo as shown in the picture above
  • Click on install to allow the app to download.
  • Once it has fully downloaded, click on open to access the app
On the home page of the app, allow LionCash to access your mobile data, phone number, text messages, location and photo. With granting LionCash this permission you allow them to call and send text messages on your phone.

Proceed to registration by filling in the provided mandatory spaces. This include;
  • Your full names as they appear on National ID
  • National ID number
  • Date of Birth
  • Phone number
  • Level of education
  • Purpose of the loan
  • Your income
Once you have filled your personal information correctly, you will receive a confirmation code which will auto-fill on the app; this allows the app to verify your information before granting you a loan.

How to get LionCash loans
  • Open the LionCash loan app on your phone
  • Click on get a loan
  • Select the amount you'd like to borrow
  • Select the loan period and click on submit
  • If the loan is approved, you will receive a confirmation message from Mpesa and LionCash,
  • If rejected you will receive a message of the same from LionCash
Advantages of LionCash loans
  • Once approved, a customer receives loans to their phones within minutes of application
  • LionCash offer coupons to their customers
  • They allow their customer to extend loan repayment period
  • No presentation of several document and long queues to be granted a loan
  • No guarantor or collateral need to be granted a loan
Disadvantages of LionCash loans
  • Loans are offered at a high interest rate
  • If a loan is defaulted, a customer may be listed on CRBs after 30 days
  • A lateness fee of 2% is added to the loan after the repayment days elapse
How to repay LionCash Loans via MPesa
  • Go to SIM tool kit on your phone
  • Select Lipa Na Mpesa, the Paybill
  • Enter LionCash Paybill number - 309517
  • Enter your phone number as account number
  • Enter your mobile money PIN number and submit
 
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