RapidCash | Personal Loans | Online Loans | Social Reputation

How It Works

Apply for your loan now in 5 simple steps, that's it!

1Sign Up

Sign up on our platform using your Facebook or Twitter account.

Enter the requested details to complete your registration.

Select any loan package which suits your financial needs.

Once approved, funds are typically received within 10 minutes.

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%


Frequently Asked Questions (FAQs)

Have questions about our service? Click below to see responses to the most common issues.

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.
How long does it take to process a Rapidcash loan?
The entire process can be completed in no time! Once you complete our short application and accept the loan offer provided, your information is reviewed, and a loan decision is typically provided within minutes. If approved, funds will be received within a few moments of the application process being completed.
I don't know my BVN. What do I do?
Just dial *565*0#. Please note: This will only work if you are making the request from the same phone number currently linked to your bank account.
Why is my bank account required?
It's important for us to send your funds to your preferred account, as quickly as possible. We request bank account details as that is where we will disburse funds to, if approved. Please note that this must be a personal bank account in your name.
Who should I contact to submit a comment, question or complaint?
Feel free to reach out to us any time via the live chat on our web platform, phone calls, or find us on social media (Facebook, Twitter, Instagram and Medium) an agent will respond swiftly.
Can I use this service from any location?
Oh yes! Our service is currently available throughout Nigeria.
I was approved for a loan, why have I not yet received my funds?
If this is your first loan, your debit/ATM card needs to be setup in order for your funds to be disbursed to your account. Please click 'Setup Debit/ATM Card' and add a card to be used for repayment. For your convenience, we'll deduct your repayment automatically on your due date.

Please note: you may need to have at least NGN100 in the account linked to the card for setup to be successful. Card setup is only required once, as long as your card is valid.

My loan status shows 'Disbursed', but I am yet to receive funds in my account.

Funds are typically received within a few minutes of receiving disbursement confirmation. We recommend checking that the bank account provided is a personal account, as we do not process transfers to 3rd party accounts. We also advice checking your account balance directly as credit alerts are not always received with transfers.

Why was my loan application rejected?

There are a few reasons behind loan application rejections. The most likely reason is that our system did not receive sufficient data to score your application. Please ensure you are signed into www.rapidcash.ng using your main Facebook or Twitter account details, to get your real social reputation score to the best possible loan offer for you.

Another possible reason is that you may not have shared all of the information required to complete registration or provided invalid details.

However, there can be other reasons. As a responsible lender, we take steps to ensure we only extend credit to applicants who can afford it, so that our clients won't become too indebted. It is possible at this time, you don't match the profile of individual we normally lend money to.

Whatever the situation, we recommend keeping applying for loans on the platform 1 - 2 months, as the criteria of these decisions are constantly refined.

I have submitted my application but I have not yet received any notification on my loan status; why?

Notifications are typically sent via SMS and/or email immediately after your loan application is sent. If you have not received either of these, please check the 'Your Loans' menu in your dashboard to confirm the current status of your request.

My loan status is showing as 'Pending' after I have submitted my application. How do I proceed?

This status indicates that our system is processing your application. You will receive a notification on your loan decision shortly after.

Why do you need my card details?

We ask for card details in order to receive your loan repayments on your due date. Rapidcash understands that this is very sensitive information, so we have taken all available precautions and secured our platform with world-class encryption and security technology to protect your data.

My debit / ATM card is being declined when I try to complete card setup. What can I do?

This may due to a number of reasons:

  • You have insufficient funds in your account. Please ensure you have at least NGN 100 in the account linked to the card for setup to be successful.
  • You haven't activated your card for online transactions. For card activation instructions, please contact your bank.
  • Details entered may be incorrect: please check the card number, expiry date and CVV provided to be sure all information is valid.
  • You are attempting to setup a card already in use by another Rapidcash customer

If you're still having issues with setup, please send us a message and we'll be happy to assist.

I have never previously used my debit/ATM card for an online transaction. How can I setup on Rapidcash?

Depending on your card type, you may need to contact your bank to enable your debit/ATM card for online transactions prior to completing setup on Rapidcash.

How do I repay my loan?

We've made it as easy as possible for you to repay your Rapidcash loans. On your due date(s), your payment will conveniently be deducted from the account linked to the debit/ATM card provided during your loan application.

However, If you prefer to make a repayment before you due date, click the 'Make a Repayment' button in the web portal.

How do I add/ pay with a new card?

Simply tap on the card linked to your profile or select 'Add a New Debit/ATM card' if you wish to repay using a new card. Your account is immediately updated, once payment is successful.

How can I make an early repayment?

If you want to make a payment prior to your due date, please use the 'Make a Repayment' button, found on the 'My Loans' page on the app.

If I make an early repayment, will I pay less?

Early repayments are accepted and you can apply for a new loan immediately your previous loan is paid off.

However, please note that early repayment does not imply that the terms of your loan obligation will change. Your repayment terms are fixed at the point of loan application and the total amount to be paid is not changed by an early repayment.

I have made my repayment but my account has not been updated - how come?

You should ensure that your account to be deducted is funded on your due date for successful payments, or repay your loan using the 'Make a Repayment' button in the app as this immediately updates your account.

Other forms of repayment can lead to delays with account updates. If you have made a cash transfer, please be sure to include your full name and client ID in the transfer description/narration so your account can be reconciled swiftly.

I just paid back my most recent Rapidcash loan. How soon can I apply for another loan?

You can check your current status by logging into your account. If you have successfully paid off your previous loan on time, you can re-apply for another loan within 24 hours and may qualify for higher credit.

Can I reschedule my loan repayment date?

Please note that due dates are fixed when your loan is approved. We do not currently reschedule due dates, so please ensure that you make your repayment on/before your agreed due date in order to continue having this service available to you.

What happens if I can't make a payment on my due date?

We understand that financial circumstances can change suddenly, however, it is important to note that we do not schedule repayment dates and you should only take a Rapidcash loan if you are reasonably certain you have the means to repay within the agreed period.

There may be fees associated with late repayments. In addition, defaulting loans are reported to national Credit Bureaus and this can severely affect your ability to access loans in future. We therefore advise you take every effort to meet your obligations on time.

What happens if I don't pay back my loan?

We want to keep you as a customer, so please make every attempt to pay us back on time. If you find yourself in a situation that makes it difficult to make your scheduled repayment, please contact us immediately.

We do our best to help our customers avoid these situations and the resulting consequences which can include:

  • Suspension of your access to our lending service
  • Reporting your account delinquency to multiple credit bureaus
  • Involvement with external collection agencies
  • Possible legal action
  • Posting your case to your friends on Social media platforms.
  • Remember, a positive outcome for you is a positive outcome for us, so let us assist you with work through and finding a solution to any issues you may face during the loan period.

Can I trust Rapidcash with my data?

When using Rapidcash, your data is always secure. Our platform uses world-class standard security and encryption technology to protect all details. When you provide us with information, you can also be assured of your privacy - our loan agreements are always kept confidential.

Who has access to my data?

Rapidcash never shares your personal details with third parties, unless it is for dedicated business purposes, such as reporting of loan defaulters to authorized Credit Bureaus. It is therefore important to ensure that you repay your loan on time so your credit history is not negatively affected. If you make timely repayments, this increases your chances of accessing credit from financial institutions in future.

What is a credit bureau?

Credit bureaus are agencies that provide information on individuals' borrowing habits and financial patterns. They typically work with financial institutions and other creditors to collate this data, and your performance on previous reported accounts impact your ability to obtain loans or other financial services in future.

The more loans you repay on time, the better your credit history gets. With this, you'll be able to access better loans at cheaper rates.

I did not receive a phone verification code, what do I do?

When you sign up on our service, you should receive an SMS link from us to the mobile number you provided. Please enter the code received to verify your number and successfully register on the platform.

If you are certain that you did not receive a message, please ensure that your provided number is switched on and is in an area with good network service to receive the SMS. Note: A data connection is required in order to validate your phone number.

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

Our Partners

RapidCash is a product of Optiweb Communications Limited

Optiweb Communications Limited
Sterling Bank
Custodian Insurance

About Rapidcash

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.

Customer Testimonials


Got a personal loan from Rapidcash and I am very happy with the conditions. I needed a good laptop for school and bought it on credit.

Tope Aina

Awesome conditions for the personal loan. I managed to buy the iPhone I always wanted with a credit from Rapidcash. Their staff is very kind.

Iyke Otti

I recommend Rapidcash's personal loan to everyone in need for some quick cash. I got out of a very tight situation thanks to their loans.

Patience Brown

It's been my life long dream to travel around the world but never had the financial resources to actually do it. Now it's possible!

Ada Omuah

My car stopped working exactly when I needed it the most so I had to take some desperate measures. Now I've bought a new car.

Chuks Ogochukwu

I've been looking for a new house for about 5 years and when I found the right home it was Rapidcash that supported my decision.

Kelechi Ige