How to Borrow Money from Pocash in Nigeria: Pocash has become one of the emerging mobile loan apps available to Nigerians looking for quick access to personal or emergency credit. With loan offers ranging from ₦10,000 to ₦400,000 and flexible tenures between 91 and 365 days, Pocash appeals to both first-time borrowers and returning users seeking urgent financial support.
Despite the promises of fast disbursement and low-interest loans, borrower experiences have been mixed. In this comprehensive review, you’ll find all the key details about Pocash — from how it works, interest rates, how to apply, and what other users are saying. We also outline the exact steps to take if you need to reach their support team or want to file a complaint.
Table of Contents
What Is Pocash Loan?
Pocash is a mobile loan app operated by Trust Cen Ltd that offers short-term loans to eligible Nigerians without the need for collateral or traditional paperwork. The app is designed for users looking for fast and convenient access to cash — whether it’s to settle a personal bill, handle a business emergency, or deal with an unexpected expense.
The loan application process is entirely digital, handled through the Pocash Android app, with loan disbursements made directly to the applicant’s bank account.
Pocash Loan Features at a Glance
| Feature | Details |
|---|---|
| Loan Amount | ₦10,000 – ₦400,000 |
| Repayment Period | 91 – 365 days |
| APR (Interest Rate) | 9% – 36% annually |
| Collateral | Not Required |
| Prepayment Fees | None |
| Service Charges | May apply based on amount and tenure |
| Disbursement | Paid directly into Nigerian bank accounts |
| Application | Through mobile app only |
Pocash Loan Interest Rate Explained
According to Pocash, loans are charged with an annual percentage rate (APR) between 9% and 36%. However, actual loan terms depend on factors like your credit score, BVN data, and repayment behavior.
Here’s a sample calculation based on their public figures:
- Loan Amount: ₦100,000
- Loan Term: 180 days
- Monthly Interest Rate: 3%
- Total Interest: ₦18,000
- Total Repayment: ₦118,000
While this seems reasonable, many users have reported discrepancies, noting that the actual credited amount is sometimes far lower than the approved loan. For example, someone who applies for ₦20,000 may receive only ₦11,000, yet still be required to repay ₦20,000+ in full.
Eligibility Requirements for Pocash Loan
Before applying, ensure you meet the following requirements:
- Age: 18 – 60 years
- Nationality: Nigerian citizen living in Nigeria
- Smartphone: Must have an Android phone with internet access
- Bank Verification Number (BVN): Required for identity verification
- Bank Account: A valid and active personal bank account is required
- KYC Information: Must provide personal, employment, and financial data
How to Apply for pocash Loan (Step-by-Step Guide)
You can apply for Pocash directly from your Android phone. Here’s how:
- Download the App:
- Open the Google Play Store
- Search for “Pocash Loan”
- Install the app developed by Trust Cen Ltd
- Register Your Account:
- Launch the app after installation
- Sign up using your phone number
- Verify via OTP and proceed to profile setup
- Complete Your Profile:
- Enter personal information (name, age, BVN, address, etc.)
- Provide bank account details
- Submit employment or income information
- Apply for a Loan:
- Choose the amount and repayment term
- Submit your application
- Pocash will review your credit profile using internal scoring systems
- Loan Disbursement:
- If approved, funds will be credited directly to your bank account
- You’ll receive a notification with your repayment schedule
Pocash Customer Reviews and User Feedback
Here’s a snapshot of what real users are saying on the Google Play Store:
- Positive Feedback:
- “Simple and fast, I’m just waiting for disbursement.” — Godswill Nnanna, 22 June 2025
- “Very fast to apply. Now waiting for disbursement.” — Tijani Ibrahim, 27 June 2025
- “They send you the money quickly after approval.” — Nweke Samuel
- Critical Feedback:
- “I applied for ₦20,000, received ₦11,000 but was told to repay full amount with high interest.”
- “Applied for ₦8,000, got ₦4,200, to repay ₦8,250. The interest is unfair.” — Olatunji Sunday
- “Took hours to complete registration, yet no confirmation on disbursement.” — Uche Russell
- “Too many hidden charges, even though disbursement was quick.” — Augustine Ochiagha
This mixed response suggests that while Pocash is operational and disburses loans, borrowers should be cautious about hidden deductions, net disbursement, and actual repayment amounts.
Is Pocash a Legit Loan App in Nigeria?
Yes, Pocash is a functioning loan platform available on the Google Play Store. Many users have successfully received loans through the app. However, it’s not affiliated with any major financial regulatory body like the CBN or NDIC.
As with most digital lenders in Nigeria, Pocash should be approached with care. Read the loan terms carefully, avoid borrowing more than necessary, and try to repay on or before the due date to avoid penalties or negative reporting.
How to Repay a Pocash Loan
Loan repayment on Pocash can be done through the following means:
- Auto-Debit: Your bank account will be automatically debited on the due date if you gave consent during the loan agreement
- Manual Transfer: You can also choose to repay through your account dashboard manually
Tips:
- Always ensure your bank account is funded before the due date
- Contact customer service early if you are unable to meet your repayment deadline
- Late repayment may result in penalties and lower credit ratings
Pocash Customer Care and Contact Information
If you encounter any issues, Pocash provides several support options:
- Email: help.pocash@gmail.com
- Phone: +234 814 622 1911
- Office Address: 35 Salawu Street, Surulere, Lagos State, Nigeria
Frequently Asked Questions
1. What is the minimum and maximum loan amount on Pocash?
You can borrow between ₦10,000 and ₦400,000 depending on your eligibility and credit profile.
2. Does Pocash charge a service fee?
Yes, deductions may apply at the point of disbursement. Users have reported receiving less than the applied loan amount.
3. How long does it take to receive the loan?
Loan disbursement is usually completed within minutes after approval.
4. Is collateral required to borrow from Pocash?
No collateral or guarantor is required.
5. Can I repay before the due date?
Yes, Pocash allows early repayment and states there are no prepayment penalties.
6. What happens if I fail to repay on time?
Late repayments may attract penalties, affect your credit report, and limit your access to future loans.
7. How do I contact Pocash customer care?
Email them at help.pocash@gmail.com or call +234 814 622 1911 for support.
Conclusion
Pocash offers quick personal loans without the red tape of traditional banks, but borrowers need to tread carefully. While the app delivers on speed, transparency is still a concern — particularly regarding disbursed loan amounts and final repayment costs.
If you’re considering Pocash, always double-check the loan offer details inside the app before accepting. Borrow only what you can afford to repay, and stay informed about any hidden deductions.
Ultimately, Pocash might work for users who need small, short-term loans in a hurry, but it’s important to review every term carefully before committing.
Be sure to check out our other related articles for more insights.