Getting quick cash when you really need it can be stressful in Nigeria. That’s why many people are turning to loan apps for fast and easy access to money.
One of the new digital lenders making waves is the Singacash Loan App.
It promises instant, collateral-free loans directly to your bank account.
But is it really worth using, and can you trust it?
In this review, we will explore everything you need to know about Singacash – from loan amounts and interest rates to legitimacy and user reviews.
What is Singacash Loan App?
Singacash is a mobile loan app designed to give Nigerians quick short-term loans.
It is developed by ABADI Technology Ltd, a registered fintech company in Lagos.
The app is built to help you access emergency funds without the stress of paperwork.
One of its standout features is that it uses strong security to protect your data.
You can apply anytime, anywhere, since the service is available 24/7.
See Also: Best Loan Apps with Low Interest Rates in Nigeria 2025
Singacash Loan Amounts and Eligibility
The loan amount you can get on Singacash ranges from ₦11,000 to ₦480,000.
First-time users usually get smaller amounts at the beginning.
The more you borrow and repay on time, the higher your loan limit grows.
Repayment terms are short, usually between 91 and 100 days.
Eligibility
To qualify, you must be a Nigerian citizen aged 21 years or older.
You will need a valid National Identity Number (NIN).
You must also have a BVN and an active bank account in your own name.
Proof of income and an emergency contact may also be requested.
No collateral or guarantor is needed.
See Also: Loan Apps Without BVN in Nigeria 2025 | Best Options
Singacash Loan Interest Rate, Fees & Repayment Terms
Singacash charges a maximum of 36% APR, which comes down to about 0.08% daily.
For example, if you borrow ₦11,000 for 92 days, you will repay around ₦11,810.
The app does not add any hidden fees – you only pay the agreed interest.
Repayment is simple and done through a virtual account displayed in the app.
The app warns users not to pay into any personal bank account.
If you repay late, penalties will apply and your balance will increase.
This also affects your credit score and reduces your chance of getting another loan.
You can repay early, and the good news is that there are no penalties for early settlement.
See Also: Full list of Loan Apps Without Face Verification in Nigeria 2025
How to Download Singacash Loan App
The app is currently available only on Google Play Store.
Simply open Play Store, search for “Singacash Loan,” and tap install.
The app is small in size and very easy to set up.
After installation, you just need to register with your details and follow the steps to apply.
There is no iOS version yet, so iPhone users cannot use it for now.
Click here to download the SingaCash app on the Google Play Store.
Is Singacash Loan App Legitimate or a Scam?
This is one of the most important questions borrowers ask.
The good news is that Singacash is licensed and regulated in Nigeria.
It is approved by the Central Bank of Nigeria (CBN) and supervised by the FCCPC.
The company, ABADI Technology Ltd, also has a physical office in Lagos.
They publicly share their contact details and warn users against scams.
This transparency is a good sign that Singacash is safe to use.
So yes, Singacash is legit and not a scam.
See Also: CBN Approved Loan Apps in Nigeria (2025 Full list)
Singacash Loan App Reviews
The Singacash loan app has been downloaded more than 1000 times since it was released on July 29, 2025. And it has gained a 4.7 rating in the Google Play Store.
Users who have tried the app have shared mixed but mostly positive experiences.
Below is the screenshot of what its users are saying:
As you see in the screenshot, many customers praise Singacash for its quick loan approval and strict security check.
Singacash user complaint:
Some users complain about delays in loan processing and disbursement. Bad customer service is also a major user complaint.
One thing that stands out is that no Singacash users have complained about harassment, like many unlicensed loan apps do.
Final verdict: Singacash is a new loan app with mixed user reviews, making it a high-risk app. Our reviews also show that it is one of the new loan apps worth considering compared to others.
See Also: 30 Best Loan App in Nigeria 2025 Review
Pros and Cons of Singacash Loan App
Pros:
- Licensed and regulated in Nigeria.
- Loans up to ₦480,000 available.
- No collateral or guarantor required.
- Transparent repayment process with no hidden fees.
- Early repayment is allowed without extra charges.
- Data protection measures are in place.
Cons:
- First-time loan amounts are usually small.
- Repayment period is short (around 3 months).
- Not all applications are approved.
- Bad Customer support.
- No iOS version yet.
Conclusion
The Singacash Loan App is one of the new digital lenders that offer quick short-term loans.
It is best for people who need emergency funds and can repay within a short time.
While still a new loan app, it is a safer and more transparent option than many unregistered loan apps out there.
See Also: List of New Loan Apps in Nigeria 2025
If you decide to use Singacash, always borrow responsibly and repay on time to build your credit and qualify for higher amounts.
FAQs About Singacash Loan App
What is the maximum loan amount I can get on Singacash?
You can get up to ₦480,000 depending on your credit history and repayment record.
New users usually start with smaller amounts, and as you repay on time, your limit increases.
See Also: Loan Apps Without BVN in Nigeria 2025 | Best Options
Does Singacash require collateral or guarantors?
No, you don’t need collateral or guarantors.
All you need is your NIN, BVN, active bank account, and proof of income.
How long is the repayment period on Singacash?
The repayment period is between 91 and 100 days, which is around 3 months.
You can also repay earlier if you wish, and there are no penalties for early repayment.
What happens if I don’t repay my loan on time?
If you fail to repay on time, extra charges will be added to your balance.
Your credit score will also be affected, and it may reduce your chances of getting another loan.
It’s always better to repay on time to avoid these issues.
See Also: SomeMoni Loan App: Download, Interest Rate (2025 Review)
Is Singacash a scam or legit?
Singacash is legit and licensed in Nigeria. It is operated by ABADI Technology Ltd and is regulated by the Central Bank of Nigeria (CBN) and FCCPC.
As long as you download the official app from the Play Store, you are safe from scams.
