The microfinance industry in Nigeria keeps growing fast every year, and one of the names that has been gaining attention lately is CashX Microfinance Bank.
Many people have switched from traditional banks to microfinance banks like the Renmoney and CashX because of how easy it makes things,from taking small loans to checking balances to managing your money straight from your phone without stress.
If you’ve used CashX before, you’ll notice that their app and loan system are very simple to use. You don’t need to visit any physical branch before you can monitor your loan or repayment progress,everything is done directly from your mobile phone. But still, many users keep asking one question: “How can I check my CashX loan balance?”
That’s exactly what this post is about. Let’s go straight into it.
About CashX Microfinance Bank
CashX Microfinance Bank is one of the new digital microfinance platforms licensed in Nigeria that focuses mainly on quick and flexible loans for salary earners, small business owners, and individuals that just need short-term financial help.
Their system works like most modern MFIs: you download their mobile app, create an account, and once verified, you can request a loan, monitor your repayment, and even save.
CashX operates both as a loan and digital wallet service, meaning that you can send and receive money, make transfers, and check your account activities instantly.
How to Check Your Loan Balance in CashX Microfinance
There are one major ways to check your loan balance on CashX, which is through the app.
Let’s break down the method properly:
Using the CashX Mobile App
- Download and install the CashX app from Google Play or the Apple Store.
- Log in with the same phone number you used during your loan application.
- From the home dashboard, tap on “Loans” or “My Loan Account.”
- You will instantly see your current loan balance, next repayment date, and amount paid so far.
- If you have multiple loans (personal or business), select the one you want to view in detail.
That’s all, very simple and direct. You don’t even need to call customer service for this.
Common Issues You May Face
- Loan Balance Not Showing on App: Try refreshing or logging out and back in.
- Invalid USSD Code Response: Make sure you’re dialing the correct code with the registered SIM.
- App Not Opening: This is usually network downtime, just try again after a few minutes.
FAQs
Q1: Can I check my loan balance without data?
No, you can’t check your balance without an internet connection.
Q2: Can someone else check my loan balance?
No, your PIN and app login protect your account from third-party access.
Q3: Is CashX a real microfinance bank?
Yes, CashX is fully licensed by the Central Bank of Nigeria (CBN) and operates like other recognized digital microfinance institutions.
Q4: Can I check the balance after completing my loan?
Yes, your past loans and repayment history remain visible inside the app under “Loan History.”
Conclusion
CashX Microfinance Bank has made it very easy for users to manage loans, savings, and transfers right from their phones.
As long as you’re using the app, you can check your loan balance anytime without stress.
If you’re still having issues accessing your account or balance, simply use the chat support in the app or contact them directly through their helpdesk.
