Just as I was surfing the Internet this morning, looking for outstanding Mobile Loan Apps in Ghana, Voalá! There it was, WohiaSika. The Mobile loan App which appears to be having the most Positive Reviews Under its app On Google Play Store.
Before this gold mine, I initially found SikaPurse, which is Also an Instant Mobile Loan App In Ghana but the Positive Reviews under The WohiaSika’s app seems too good to be true so I decided to give it a shot.
Prior to the discovery of the Wohiasika App, Fido was the number one Fintech/Mobile Loan app in Ghana with a high number of positive reviews under its app on the Google Play Store, I recommended the Fido Loan App, as it was the fastest Mobile Loan App in Ghana then.
Can Wohiasika take Fido’s Place as the best Mobile Lending Platform in Ghana? Well, the proof of the pudding is in the eating, So we shall figure it out at the end of this article.
What Is WohiaSika?
WohiaSika is an emerging Fintech Platform or Mobile Loan App in Ghana that gives instant from Gh¢ 100 to Gh¢ 5,000. The App is Offered by WohiaSika Ghana, Located at No. 154 Fanofa Street Kokomlemle, Accra – Ghana.
WohiaSika provides loan services based on users’ credit value.
To be eligible for WohiaSika Loan, You must be:
- 18 – 60 Years Old
- Ghana Resident
- Good Credit Score
WohiaSika can give loans from Gh¢ 100 ~ Gh¢ 5,000. – However, new borrowers can only get 100-200 cedis on their first application.
After taking the loan, you must repay it in the next 91~365 days.
WohiaSika’s Interest rates range from 10.95% to 22.31% per annum
Mathematically, If you apply for a loan of Gh¢ 5,000, the term is 100 days and the annual interest rate is 10.95% and the service rate is 0.
So the daily interest rate=10.95%/365=0.03%, the interest for 100 days =5,000×10.95%/365×100= 150, the total repayment=5,000+150= Gh¢ 5,150.
How to Apply for the Loan?
Download the WohiaSika Loan App from Google Play Store(Click here to Download)
Open or Lunch the App when is finally installed – and Click on ‘APPLY‘ to begin with.
Enter Your Phone Number in the Space Provided In the WohiaSika App and Click On “Get Verification Code”
You should receive a 4-digit code from WohiaSika, Kindly type the code here!👇👇
Since is my first time applying for WohiaSika Loan, I can only get Gh¢ 120 and the Payment tenure given to me is 8days with an interest rate of 0.12% – Click On “APPLY” Once again
Click On the “Continue To Borrow” Button as shown in the screenshot below.
Hit The “Confirm” Button to visit the next page!
Now, Click on “To Finish” on each of these and fill them out – Starting from:
- Personal Information
- Emergency Contact
- Job Information
After successful submission of the above information, follow the prompt, and you shall get your loan in a matter of seconds.
Thanks For Reading, How Helpful was this article? Kindly let me know in the comments section! You can as well check out other Lending apps in Ghana >> Fido Loan, BloomKash Loan, SikaPurse, Lending Papa Loan and Others.
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