The Ghanaian economy is in shambles. This is because of the high inflation rates, unemployment rates, and the lack of job opportunities.
As a result, people have to live with little income and this makes it difficult for them to make ends meet.
One of the solutions for these people is to have an online personal loan to help them live better. This is one of the benefits of the FiCashX online loan platform.
Indulging in a little personal debt is a risky business, but sometimes it’s necessary to get from point A to point B.
If you’re in a position where you need a money advance but can’t join the long queue at the Bank, or you simply don’t meet the banks requirements, then FiCashX may be the perfect option for you.
This article will give you a high level overview of the benefits of using the app and how it can help you.
Without further ado, let’s get started.
What is FiCashX?
I heard you ask What FiCashX is, well FiCashx is an online lending app based in Ghana. It is a mobile credit cash loan app for finance.
The FiCashx app is a premium financial app that helps users easily get online loans with flexible terms.
Yoi might be wondering what is the requirements and the Eligibility of FiCashX.
FiCashX Eligibility are as follows;
- Applicant must be a citizen of Ghana
- The Applicant must be between 18-60 years old.
- Salary/self-employed with a regular source of income.
FiCashX Loan Amount
With FiCashX Loan app, applicant can enjoy a loan amount starting from 200Cedis to 3,000cedis based on his/her credit score and loyalty.
Other FiCashX Product description
Loan Term: 3, 6, 9 and 12 months
Daily loan interest rate: 0.01%
Annual loan interest rate (APR): 24%
Management/Platform Fee: 0.01%
Interest rate example:
If you choose a cash loan of 10,000,000 GH₵ for 1 year with 0.01% interest
Profit sharing: 24% = GH₵ 2,400,000
Term: 12 months / 12 times pay
Platform Fee: 12% = GH₵ 1,200,000
Total loan principal + interest = GH₵12,400,000
Total Payment Amount: GH₵13,600,000
Total monthly installments : GH₵ 1,133,333
• Borrowers have the flexibility to prepay at any time, which may reduce the above fees.
【Interest, Penalty, Loan Experience】
- APR: Up to 30% based on the customer’s credit score.
- Service fee: 1% to 9% will be charged according to the customer’s credit history.
- No membership fee.
- Penalties will only be charged if someone delays their scheduled payment.
How to apply for Personal Online Loan in Ghana with FiCashX Mobile Loan app
- Download the app from the Play Store and install it.
- Sign up with your phone number.
- Fill in the basic information.
- Accept and electronically sign the agreement, pending approval.
- Receive your money.
Reach out to FiCashX:
Address: CCWP+89, Dawadawa, Ghana
Customer Support Email: [email protected]
We hope you enjoyed our blog post about the FiCashX personal online loan app. If you are interested in getting a loan in Ghana, you should definitely give this app a try!
We believe the FiCashX personal online loan app is the best option for you to use.
If you have any questions or concerns, please reach out to us via the comments section.
Thank you for reading, we are always excited to hear from our readers!