| Interest Rate | 40% |
| Duration | From 7 days |
| Access Level | Public |
| Company Name | Cash Wave-secure Credit Loan |
| Phone 1 | +233 0207759673 |
| Phone 2 | |
| Website or Store | |
| Address | 4FWJ+R7R, Hohoe, Ghana |
| Category | Dangerous Loan |
| Company Email | Wavecash063@yahoo.com |
| Views | 517 |
Cash Wave offers a range of convenient, secure, and fast online financial loan services. Our goal is to provide easy access to loans for all your financial needs with transparent terms and conditions.
Loan Services Offered
Loan Limit: Borrow amounts ranging from 500 to 10,000.
Loan Term: Flexible repayment periods from 91 days to 365 days.
Maximum Annual Interest Rate: 15% per year (equivalent to 0.05% per day).
Other Expenses: There are no additional charges beyond the interest.
Example Loan Calculation
For better understanding, here's an example of a loan:
Loan Amount: 10,000
Annual Interest Rate: 15% (daily interest rate: 0.05%)
Loan Term: 120 days (4 months)
Additional Charges: None
Interest Calculation:
Daily Interest: 10,000 x 0.05% = 5
Monthly Interest: 5 x 30 = 150
Total Interest for 4 Months: 150 x 4 = 600
Repayment Calculation:
Monthly Payment: 10,000 / 4 + 150 = 2,650
Total Repayment Amount: 10,000 + 600 = 10,600
(Use this method to calculate the loan fees for different amounts. All our loan products come with no additional fees.)
Product Label
Cash Wave provides users with convenient, accessible, and secure online financial loan services to help manage their financial needs efficiently.
How to Apply for a Loan
To apply for a loan with Cash Wave, you need to meet the following requirements:
Age: 20 years and above
Citizenship: Must be a Ghanaian citizen
Ghana Card: Must have approval
E-Wallet: A personal E-wallet in Ghana
Employment: A stable job and steady income
Upon meeting these criteria, your application will be approved quickly and without complications. The funds will be immediately credited to your personal account.
About Cash Wave
Cash Wave is a FinTech company dedicated to providing financial services that support a better quality of life. We are committed to continuous innovation with our partners to promote financial inclusion in Ghana.
Key Features
Extreme Loan Review: Applications can be reviewed after submitting the required information.
Low Threshold: Pure online review process with a very low entry threshold.
Security Protection: A comprehensive security risk control credit system ensures that users with credit can live better lives.
Why Choose Cash Wave?
Choose Cash Wave as the most reliable digital wallet in Ghana for all your financial needs. Our efficient and secure services ensure your data and financial transactions are protected.
Expert Counsel
Loan apps might seem like an easy solution for quick cash, but they come with significant risks. Here are ten crucial tips to help protect yourself when using online lending platforms:
- Prepare for Aggressive Follow-ups if You're Late
- Even a slight delay in repayment can trigger a flood of messages, often on platforms like WhatsApp. If these messages become overwhelming, consider blocking the sender to protect your peace of mind.
- Avoid Borrowing from Multiple Apps
- Taking out loans from different platforms to cover existing debts can lead to a deeper cycle of debt. Steer clear of this approach to maintain financial control.
- Beware of High Late Fees and Interest Rates
- Missing payments can lead to daily interest charges ranging from 5% to 7%, causing your debt to grow rapidly. Avoid missing deadlines to prevent accumulating excessive interest.
- Only Download Apps from Official Stores
- Stick to trusted sources like the Google Play Store when downloading loan apps. Unverified sites can compromise your privacy and expose you to cyber risks.
- Consider Safer Alternatives
- Many loan apps are designed to trap users in debt cycles, impacting financial stability and privacy. Seeking out more secure and traditional financial options can help avoid these pitfalls.
- Watch for Short Repayment Periods
- Some apps set repayment terms as short as 6 to 14 days, making it challenging to repay on time and often leading to debt traps. Ensure you’re comfortable with the repayment schedule before borrowing.
- Protect Your Privacy and Reputation
- Loan apps may contact your family or friends to pressure you, potentially harming your reputation. For some, this alone is a reason to avoid these apps entirely.
- Break the Borrowing Cycle
- The best way to escape high-interest debt is to stop borrowing altogether. While it might be challenging initially, taking a break from these loans is essential for financial recovery.
- Use Call-Blocking Apps Like Truecaller
- Apps like Truecaller allow you to screen and block unwanted calls from lenders, helping to reduce stress from persistent calls and messages.
- Report and Block Aggressive Contacts
- If you receive abusive or threatening messages on platforms like WhatsApp, block the sender and report them to both WhatsApp and the app store to help protect others from similar harassment.
By following these guidelines, you can protect yourself from the risks of predatory loan apps and safeguard your financial well-being. Stay informed and cautious to ensure you make the best financial decisions for your future
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