What is instant personal online loan?
Instant personal online loans are a type of financial product that allows individuals to borrow money from a lender over the internet.
These loans are typically unsecured, meaning they do not require collateral such as a car or home to be pledged in order to borrow the money.
Instant personal online loans are often used to cover unexpected expenses or to consolidate debt, and they can be a convenient way to access funds quickly.
To apply for an instant personal online loan, you will typically need to complete an online application form, providing information about your personal and financial circumstances.
The lender will use this information to assess your creditworthiness and determine whether to approve your loan application.
If your application is approved, you will typically receive the funds in your bank account within a few days.
It is important to carefully consider the terms and conditions of any instant personal online loan before borrowing the money.
Make sure you understand the interest rate, fees, and repayment terms, and be sure you will be able to make the required payments on time. It is also a good idea to shop around and compare offers from multiple lenders to ensure you are getting the best deal possible.
However, in this article, we shall talk about LoanHub, an instant personal online loan in Ghana.
Without further ado, let’s get started.
NOTE: ALL INFORMATION ARE BASED ON WHAT LOANHUB HAS MADE AVAILABLE ONLINE.
What Is LoanHub?
LoanHub is a financial services company licensed in Ghana which claims to respect your privacy and confidentiality of your personal information and data.
If you have any questions, please do not hesitate to contact them via Email: [email protected]
Who can apply for LoanHub Loan?
To apply for this loan offered by LoanHub, you must be:
1. Ghanaian resident
2. Ages 21 to 60
3. Have monthly source of income
4. Fill in the correct personal information
LoanHub Product Details
LoanHub Tenure: Ranges from 180
LoanHub Loan Amount:GHS 1,000—GHS10,000
APR: Annual Percentage Rate is 10%(lowest)~20%(highest)
Service charge: 0%
If a customer borrows GHS 1000 for 200 days,the APR is 18%.
So the daily interest rate=18%/365=0.049%, the interest for 200 days =GHS 1000×18%/365×200=GHS 98, the totally repayment=GHS 1000+GHS 98= GHS 1098
How to apply for LoanHub Loan?
Now to the biggest question on your mind now, how to apply for LoanHub’s instant personal online loan in Ghana.
Applying for instant personal online loan in Ghana is pretty simple, just follow the instructions/steps below’
1. Install the LoanHub online loan app
2. Register with your personal information and check your personal loan eligibility
3.Upload KYC documents – National ID or Voter ID
4.Sign application and get speedy approvals
5.Once approved, the loan amount will be credited to your account
Address: 13 Switchback Rd, Accra, Ghana
We are done for today, I hope this article was helpful in your quest for getting an instant personal online loan in Ghana from LoanHub?.