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Cashspree Loan App: how to Activate App and Access Loan

By Oluchukwu Ikemefuna

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Cashspree Loan is a mobile application that provides individuals with instant access to funds when unexpected financial needs arise.

Whether it’s covering emergency expenses or seizing opportunities, Cashspree Loan offers a user-friendly platform for borrowers to secure quick loans with ease.

 In this article, we’ll guide you through the process of activating the Cashspree Loan App and accessing loans in a simple and professional manner.

What is Cashspree Loan?

CashSpree is a type of loan offered through a mobile app in Kenya. It provides quick and easy access to cash with low interest rates.

Unlike traditional bank loans, CashSpree loans don’t require extensive paperwork or collateral, making the application process faster and more convenient. Users can apply for loans directly from their mobile phones without having to visit a physical bank branch.

CashSpree aims to provide financial assistance to individuals in need of immediate funds for various purposes, such as emergencies, bills, or personal expenses.

Read also:Top 10 Loan Apps for Urgent Loans in Kenya

What is Cashspree Loan App?

Cashspree Loan App is a mobile application designed to provide instant loans to individuals in need of quick funds.

With a user-friendly interface and efficient processing, Cashspree aims to make borrowing money hassle-free and accessible to everyone.

The app is available for download on both Android and iOS devices, making it convenient for users across different platforms.

Also read:*435# Loan: How to Apply for Letshego Loans

How to Activate The Cashspree Loan App

Activating the Cashspree Loan App is a straightforward process that can be completed in a few simple steps:

1. Download the App:

Visit the Google Play Store or Apple App Store on your smartphone and search for “Cashspree Loan App.” Once you find the app, click on the “Install” button to download it to your device.

2. Create an Account:

After the installation is complete, open the Cashspree Loan App and follow the on-screen instructions to create a new account. You’ll need to provide some basic information, such as your name, email address, and mobile number, and create a password.

3. Verify your Identity:

To ensure security and prevent fraud, Cashspree may require you to verify your identity. 

This can usually be done by providing a photo of your government-issued ID, such as a driver’s license or passport. Follow the prompts in the app to complete the verification process.

To receive loans and make repayments, you’ll need to link your bank account to the Cashspree app. This allows for seamless transfers of funds between your bank and the app.

Follow the instructions to securely link your bank account using the provided interface.

5. Set Up Payment Method:

Once your bank account is linked, you’ll need to set up a payment method for loan repayments. Cashspree typically offers multiple payment options, including direct debit from your linked bank account or payment through debit/credit card.

Choose the option that works best for you and follow the prompts to complete the setup.

6. Agree to Terms and Conditions:

Before you can start using the Cashspree Loan App, you’ll need to agree to the terms and conditions outlined by the company. Take the time to read through these carefully to ensure you understand your rights and responsibilities as a borrower.

7. Activate Your Account:

After completing the above steps, your Cashspree account should be activated and ready to use.

Log in to the app using the credentials you created during the signup process, and you’ll be greeted with the main dashboard, where you can apply for loans and manage your account.

Read also:Goodwell Investments Partners with Alitheia Capital to Invest EUR 150 million in OmniRetail to Support Informal Retailers in Africa

How to Access Cashspree Loans from the App

Now that your Cashspree account is activated, you can easily access loans whenever you need them. Here’s how:

1. Check Loan Eligibility:

Before applying for a loan, it’s important to check your eligibility. Cashspree considers factors such as your credit score, income, and repayment history to determine your eligibility for a loan.

You can usually find information about the minimum eligibility criteria on the app’s homepage or in the loan application section.

2. Select Loan Amount and Term:

Once you’ve determined that you’re eligible for a loan, log in to the Cashspree app and navigate to the loan application section. Here, you’ll be prompted to select the desired loan amount and repayment term.

Be sure to choose an amount and term that you can comfortably repay within the specified timeframe.

3. Submit Loan Application:

After selecting your loan amount and term, you’ll need to submit a loan application through the Cashspree app. The application typically requires you to provide information about your employment, income, and other financial details.

Make sure to fill out the application accurately and honestly to improve your chances of approval.

4. Wait for Approval:

Once you’ve submitted your loan application, Cashspree will review it to determine whether to approve or decline your request. This process usually takes a few minutes to a few hours, depending on the volume of applications and the complexity of your financial situation.

5. Receive Funds:

If your loan application is approved, Cashspree will transfer the funds directly to your linked bank account. You should receive a notification in the app once the transfer is complete, typically within one business day.

6. Repay Loan: 

Once you’ve received the loan funds, it’s important to repay the loan according to the terms outlined in your loan agreement. Cashspree typically offers flexible repayment options, including weekly or monthly instalments. Make sure to make your payments on time to avoid late fees and penalties.

Read also:Bursary vs Student Loan: How Does a Bursary Differ from a Student Loan?

What is the Cashspree Privacy Policy?

The goal of Cashspree is to help regular people in Kenya manage their money better. CashSpree offers fast and affordable loans to cover your financial needs and turn your dreams into reality!

At CashSpree, they’re dedicated to safeguarding your personal information. This privacy policy explains what information they collect, how it is used, and how you can control what Cashspree shares with others.

1. What does this Policy Cover?

This policy applies when you:

  • Use the CashSpree mobile app available on our site or in the Google Play Store.
  • Access any services through the app or our sites.

Here are some important terms:

– “Compliance Obligations”: Rules CashSpree must follow.

– “Consumer” or “User”: You, if you’re a person using CashSpree’s products.

– “Personal Data”: Info that identifies you.

– “Sensitive Consumer Personal Data”: Very private info about you.

They might use words like “we” or “us”—they mean CashSpree. Singular words also include plurals, and vice versa.

2. What They Collect

They may gather:

  • Info you give them, like when you fill out forms or email them.
  • Info about you and your device, such as your phone type and location.
  • Location data, which helps them know where you are.
  • Info from other sources, like credit bureaus.

They use these info to keep your phone safe and understand your banking habits.

  • App List: They check your phone for risky apps.
  • Financial SMS Info:Cashspree scans certain SMS to understand your financial behavior.
  • Contact List:They also collect contacts to help with loan references.
  • Calendar Info: Cashspree uses your calendar to remind you of loan due dates.
  • Unique App Numbers: The app also get info when you install or uninstall our services.

Cashspree may also send you notifications and gather data when you use their website or app.

3. Why They Collect Info

Cashspree collects info to:

  • Process your transactions and verify your identity.
  • Assess your credit risk.
  • Prevent fraud and illegal activity.
  • Send you updates and offers.

4. How They Use and Share Info

Cashspree only share your info when needed to provide their services. They may share anonymous data with partners for research.

5. Where They Store Info

Your info may be stored and processed outside Kenya. They take steps to keep it secure.

6.Your Rights

You can ask to correct or limit your data, or request access to it. You must also keep your password safe.

7. Data Retention

They keep your data for as long as needed to fulfil their agreement with you or as required by law.

8. Questions and Changes

Any changes to Cashspree policy will be posted on their website. Contact them if you have any questions.

Read also:Cash Converters Loan: how to Apply 

What is the Criteria for Getting Cashspree Loan?

The criteria for obtaining a loan through Cashspree typically include several factors:

  • Credit Score:

Cashspree may consider your credit score as part of the loan approval process. While they may be more lenient than traditional banks, having a higher credit score can improve your chances of approval and may result in better loan terms.

  • Income:

Cashspree may require proof of income to ensure that you have the financial means to repay the loan. This could include pay stubs, bank statements, or other documentation that demonstrates a steady source of income.

  • Employment Status:

Being employed or having a stable source of income is often a requirement for loan approval. Cashspree may ask for information about your employment status, including your employer’s name, contact information, and length of employment.

  • Age:

You must typically be at least 18 years old to qualify for a loan with Cashspree. Some regions may have different age requirements, so be sure to check the terms and conditions specific to your location.

  • Residency:

You may need to be a resident of the country where Cashspree operates to qualify for a loan. This could involve providing proof of residency, such as a utility bill or lease agreement.

  • Bank Account:

You’ll usually need to have a valid bank account in your name to receive loan funds and make repayments. Cashspree may require you to link your bank account to the app during the activation process.

  • Identity Verification:

To prevent fraud and ensure security, Cashspree may require you to verify your identity. This could involve providing a copy of your government-issued ID, such as a driver’s license or passport.

It’s important to note that the specific criteria for Cashspree loans may vary depending on factors such as your location, the loan amount requested, and the terms of the loan.

Be sure to review the eligibility requirements carefully before applying for a loan to ensure you meet the necessary criteria.

Read also:Consummate Traders: Get Capital and Achieve your 2024 Financial Goals

What is Cashspree Losn App Customer Care Service 

Cashspree provides customer service for personal loans to meet your financial needs. If you’re looking for assistance, you can visit their office at 4216 Makuti, Eldoret, Kenya.

For more information about their privacy policy, you can always click on their link.

If you have any questions or need further assistance, you can reach out to us via email at help@cashspreeken.com or through quick chat at +254 725662343.

They’re always available to help you navigate through the loan process and address any concerns you may have.


 Is Cashspree Loan App safe to use?

Yes, Cashspree Loan App employs industry-standard encryption protocols to safeguard your personal and financial information, ensuring your data is handled securely.

What are the eligibility criteria for obtaining a loan through Cashspree?

Eligibility criteria include being of legal age, having a steady income, and meeting minimum credit score requirements. Specific criteria may vary depending on location and loan product.

How long does it take to receive loan approval through Cashspree?

Cashspree aims to provide instant decisions on loan applications, with approval granted within minutes of submission in many cases.

Can I repay my loan early without penalties?

Yes, Cashspree allows borrowers to repay loans early without incurring penalties or additional fees, helping you save on interest costs and improve your credit profile.

What happens if I miss a loan repayment deadline?

Missing a repayment deadline can result in late fees, penalties, and negative impacts on your credit score. It’s crucial to make payments on time to avoid these consequences.

Can I extend the repayment term of my loan if I’m unable to make payments on time?

Contact Cashspree customer support to discuss options. They may offer loan repayment extensions or alternative arrangements to help you manage your debt.

How can I contact Cashspree customer support?

You can contact Cashspree customer support through email, phone, or in-app messaging. Contact information is typically available within the app or on their website.


The Cashspree Loan App offers a convenient and accessible solution for individuals in need of quick funds.

By following the simple activation process outlined in this article, you can quickly activate your account and start accessing loans whenever you need them.

Remember to borrow responsibly, and only take out loans that you can afford to repay. With Cashspree, financial assistance is just a few taps away.

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Blessing Ukibe
Blessing Ukibe

Medical Student at Nnamdi Azikiwe University|Tech content expert at Silicon Africa Technology|Lover of fun books and fun fun ☺️

Articles: 123

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