Interest-Free P2P Loans
Borrow and lend money within a trusted community. No interest. No banks. Just people helping people achieve their financial goals.
0% Interest
24hr Approval
50,000+ Users
₦2.5B+
Total Loans Disbursed
50,000+
Active Borrowers
98%
Repayment Rate
₦50,000
Average Loan Amount
Simple Process for Everyone
Whether you need a loan or want to help others, getting started is easy
For Borrowers
Step 1
Create Your Profile
Sign up and complete your profile with basic information
Step 2
Submit Loan Request
Specify amount needed, purpose, and repayment timeline
Step 3
Get Matched with Lenders
Our algorithm matches you with compatible lenders
Step 4
Review & Accept Terms
Review loan terms and digitally sign the agreement
Step 5
Receive Funds Instantly
Money deposited directly to your Cashelio wallet
Step 6
Repay on Schedule
Make weekly/monthly payments - 100% interest-free
For Lenders
Step 1
Fund Your Wallet
Add money to your Cashelio wallet to start lending
Step 2
Set Your Preferences
Choose loan amounts, durations, and borrower criteria
Step 3
Browse Borrower Requests
Review verified borrowers seeking loans
Step 4
Check Credit Profiles
Review borrower history, ratings, and social proof
Step 5
Fund Loans
Choose borrowers and fund loans with one click
Step 6
Get Repaid
Receive repayments automatically to your wallet
Why Choose Cashelio P2P Loans
0% Interest
Completely interest-free loans. Pay back exactly what you borrow.
Fast Approval
Get approved within 24 hours and receive funds instantly.
Flexible Terms
Choose repayment periods from 1 to 12 months that work for you.
Secure & Trusted
Bank-grade security with verified users and transparent processes.
Community Driven
Real people helping real people achieve their financial goals.
Mobile First
Manage everything from our mobile app - anytime, anywhere.
See the Difference Interest-Free Makes
₦100,000 Loan
Interest Rate
0%
Monthly Payment (6 months)
₦16,667
Total Repayment
₦100,000
Total Interest Paid
₦0
Save ₦30,000 in interest!
₦100,000 Loan
Interest Rate
60% APR
Monthly Payment (6 months)
₦21,667
Total Repayment
₦130,000
Total Interest Paid
₦30,000
Expensive interest costs
Your Security is Our Priority
Multiple layers of protection to keep your money and data safe
ID Verification
All users must verify their identity with government-issued ID and BVN
Payment Protection
Automated repayment collection and escrow protection for all transactions
Credit Scoring
Advanced credit scoring system tracks borrower reliability
Data Security
Bank-grade 256-bit encryption and secure data storage
Legal Framework
All loans backed by legally binding digital agreements
Dispute Resolution
Professional mediation service for any loan disputes
Frequently Asked Questions
Who can borrow on Cashelio?
Who can borrow on Cashelio?
Any Nigerian adult (18+) with a valid BVN and government-issued ID can apply for a loan. We verify all users and assess creditworthiness based on various factors including employment, income, and repayment history.
How much can I borrow?
How much can I borrow?
New users can borrow between ₦10,000 - ₦100,000. As you build a positive repayment history, your borrowing limit increases up to ₦1,000,000.
Why is it interest-free?
Why is it interest-free?
Cashelio connects you directly with individual lenders in your community who choose to lend interest-free. We believe in the power of people helping people without exploitative interest rates.
What happens if I can't repay on time?
What happens if I can't repay on time?
Contact us immediately if you're facing difficulties. We offer grace periods, payment plans, and work with you to find solutions. However, missed payments affect your credit score and future borrowing ability.
How do lenders make money?
How do lenders make money?
Lenders don't earn interest but contribute to their community while preserving their capital. Many lenders participate for social impact, building goodwill, and helping others succeed.
Is my money safe as a lender?
Is my money safe as a lender?
We verify all borrowers, use automated repayment collection, maintain legal agreements, and track credit scores. While all lending carries risk, our 98% repayment rate demonstrates strong borrower reliability.
