Personal Loans

RapidCash I claimed it

Personal Loans | Online Loans | Social Reputation

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ioumoney online loan guide

Rapidcash is an entirely online lending platform that provides short-term loans to people in Nigeria using their social reputation score on social media.

It leverages on increasing number of Facebook and Twitter users in the Nigerian market, to make access to soft loans easier, faster, and more reliable.

It is a product of Optiweb Communications Limited, a fast growing technological company in Lagos that have over the years developed and deployed various innovative tech solutions.

How It Works

Apply for your loan now in 5 simple steps, that’s it! 1. Sign Up 

Sign up on our platform using your Facebook or Twitter account. 2. Complete Registration Details

Enter the requested details to complete your registration. 3. Choose A Loan Package

Select any loan package which suits your financial needs. 4. Money in your Account

Once approved, funds are typically received within 10 minutes. 5. Repay your loan

Make timely repayments and access higher credit limits.

Our Loan Packages

Apply for any of our loan packages below:

Bronze Loan

 Loan amount: ₦5,000 – ₦10,000
 Tenor: 30 days
 Interest rate: 30%

Silver Loan

 Loan amount: ₦10,001 – ₦20,000
 Tenor: 30 days
 Interest rate: 30%

Gold Loan

 Loan amount: ₦20,001 – ₦30,000
 Tenor: 30 days
 Interest rate: 30%

Platinum Loan

 Loan amount: ₦30,001 – ₦50,000
 Tenor: 30 days
 Interest rate: 30%

Never Run Out of Cash Again

Every Loan requests is processed swiftly
Security is guaranteed against fraud
Your data is not shared with third party
Online 24/7 Customer support
Easy and Convenient sign up process
Apply from anywhere in Nigeria

It’s very easy to apply for a loan. You just need to sign up with your social media account and apply for a loan in few minutes.

You will need to provide some personal details so please make sure you read our terms & conditions and privacy pages.

Approval takes no longer than 10 minutes
Most of the cases with negative feedback are due to incorrect personal information supplied
After the loan approval you will receive the money in your bank account in no more than 10 – 15 minutes

Our commissions are the lowest in the market and you can rest assured we’re doing our best to keep it that way.

Besides low commissions and transfer fees here are the reasons you should choose Rapidcash as your loan provider:

  • Impartiality and objectiveness regarding social status
  • Low interest rates according to regulated legislation
  • Slogan Personal Loans | Online Loans | Social Reputation
  • Brand color
  • Listing categories Personal Loans
  • Location / Region Lagos
How does Rapidcash work?
It's easy! Sign up to our platform using your Facbook or Twitter account, and get a credit score. Select any of our loan package available, and pick your social guarantor from your list of friends on Facebook or Twitter. We'll review your information and communicate a loan decision to you shortly after. If approved, you will receive funds directly into your preferred bank account within minutes of loan approval and completion of the application process.
How do I apply?
After complete registration, and social score is awarded. We will then display your available loan offer based on your social score, and you can view your expected repayment(s). Submit your application and we will typically notify you of the loan decision within minutes.
How much can I borrow from Rapidcash? For how long?
When you fill out an application, our system will calculate a loan offer for you which determines the amount and repayment duration we can offer you. This differs by individual, so please ensure your information is accurate and that you are applying from your personal mobile device, for us to provide you with the best possible loan offer.
Why is my Bank Verification Number (BVN) required?
We request your BVN as this is used to verify that the individual applying for a Rapidcash loan is the same as the owner of the provided bank account. This is to ensure that your details cannot be used to apply for a loan without your authorization in the event a 3rd party has access to your account details. Please note: Your BVN does not provide access to your account. If in doubt, we encourage you to confirm this from your bank before you proceed.
My current loan offer is too small! Can I get a higher loan amount?
The loan offer displayed to you is what we can provide at the time of application. This may vary in future - as we learn more about you, we'll also be able to provide loans that better suit your financial profile. We grant as much as 5,000NGN on every first request.
Is Rapidcash a bank? Where are you located?
No, Rapidcash is not a bank. We do not receive deposits from the general public nor do we offer savings or current accounts. Rapidcash is a service provided by Vantage Stream Multitrust Ltd, a microfinance institution licensed and regulated by the Central Bank of Nigeria. Even though we offer a service that is 100% online, you can still reach us whenever you need via our web platform, phone calls or any of our social media.
What are the required documents or collateral for a Rapidcash loan?
Rapidcash loans do not require collateral or documents - our process is entirely paperless! All you need is a mobile phone or computer, a data connection, verified social media account, as well as valid bank details.
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