| Interest Rate | 40% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | AcornCredit-Loan |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | help@acroncredit.app |
| Views | 130 |
At AcronCredit, we’re driven by a strong financial foundation and an unwavering commitment to customer satisfaction. Meeting our customers’ needs is our top priority. Are you seeking financial support to make your dreams a reality? Do you want to enhance your lifestyle, offer thoughtful gifts, support loved ones, or explore new horizons? Look no further! Choose AcronCredit, and we’ll work tirelessly to help you achieve your aspirations.
1. Loan Products
Loan Details:
- Loan Tenure: Flexible terms ranging from 91 days to 360 days.
- Loan Amount: Borrow anywhere from GHC 100 to GHC 100,000.
- Annual Percentage Rate (APR): Starting from 4.45% up to 18.25%.
- Daily Interest Rate: As low as 0.05%.
Example Calculation:
For a loan of GHC 3,000 with a 91-day term at a daily interest rate of 0.05%:
- Daily Interest: GHC 3,000 * 18.25% / 12 / 30 = GHC 1.521
- Monthly Interest: GHC 3,000 * 18.25% / 12 = GHC 45.652
- Total Interest (over 3 months): GHC 3,000 * 18.25% / 12 * 3 = GHC 136.956
- Total Repayment Due: GHC 3,000 + GHC 136.956 = GHC 3,136.956
Our loan products are designed to be transparent and affordable, helping you meet your financial goals with ease.
2. AcronCredit Loan Repayment
Repaying your AcronCredit loan is simple:
- Use your Cedlio wallet or linked bank account on the app for seamless repayments.
- Once you’ve completed your repayment, you can apply for another loan right away if needed.
3. Eligibility Criteria
To qualify for an AcronCredit loan, you must:
- Be a Ghanaian citizen
- Be between 20 and 55 years old
- Have a steady source of monthly income
4. How to Apply
Applying for a loan with AcronCredit is easy and quick:
- Install the AcronCredit App from the Play Store.
- Register an account with your details.
- Select your preferred loan product from the options provided.
- Fill out the application form and submit it.
- Verification Call: You may receive a call to confirm your details. The application result will appear in the app, and you’ll receive an SMS if approved.
- Review and Accept the Loan Agreement: After approval, consent to the loan terms.
- Receive the Funds: Once confirmed, the loan amount will be credited to your account, and you’ll get an SMS notification.
5. Contact Us
We’re here to help! If you have any questions, suggestions, or feedback, please don’t hesitate to reach out to us at help@acroncredit.app. We look forward to supporting you on your financial journey with AcronCredit!
Expert Counsel
Although loan apps might seem like a quick solution to financial challenges, they often come with significant risks. Here are 10 important tips to keep in mind when using these online loan applications:
- Expect Aggressive Messaging for Late Payments
Even if you're just a day late on your repayment, you might face aggressive and harassing messages, especially on platforms like WhatsApp. If this happens, don’t hesitate to block the sender to preserve your peace of mind. - Avoid Borrowing from Multiple Loan Apps
Resorting to other loan apps to repay existing debts can trap you in a never-ending cycle of borrowing. This practice often worsens your financial situation rather than improving it. - Be Aware of High Penalty Interest Rates
Missed payments can result in daily interest rates ranging from 5% to 7%. These penalty rates can quickly balloon your debt, making repayment even more difficult. - Download Apps Only from Official Sources
Always ensure you're downloading loan apps from trusted platforms like the Google Play Store. Downloading from unofficial sites puts your personal information at risk and can expose you to fraud or harassment. - Consider Skipping Loan Apps Altogether
Many loan apps are designed to trap users in cycles of debt, often compromising their privacy and financial health. It's often safer to explore alternative, more secure financial options. - Watch for Short Repayment Periods
Some loan apps offer repayment periods as short as 6 to 14 days, which can make it difficult to pay off the loan on time and increase the risk of falling into a debt trap. - Protect Your Personal Reputation
In some cases, loan apps will contact your friends or family in an attempt to shame you publicly. Once this damage is done, some borrowers may feel there’s no point in repaying the loan, but avoiding the loan altogether is a better solution. - Stop Borrowing to Break Free
The best way to escape the clutches of loan sharks is to stop borrowing. Though difficult, this step is necessary to regain control of your financial life and prevent further debt. - Use Call Management Tools Like Truecaller
Truecaller is a great tool for blocking unwanted calls from loan apps, helping you manage stress and reduce harassment from lenders. - Report and Block Harassing Messages
If you receive threatening messages, particularly on platforms like WhatsApp, take immediate action by blocking the sender and reporting them to WhatsApp and the Google Play Store. This helps protect others from similar harassment.
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