| Interest Rate | 40% |
| Duration | From 7 days |
| Access Level | Public |
| Company Name | Progress Support Capital |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | Ghana |
| Category | Dangerous Loan |
| Company Email | |
| Views | 109 |
FICASHX, created by Progress Support Capital, is a mobile application that offers a seamless and free solution for obtaining credit cash loans in Ghana. This innovative financial tool enables users to access online loans with adaptable terms, providing a quick and easy way to secure the funds necessary for personal or business endeavors.
FICASHX aims to support individuals in Ghana seeking credit for various financial needs by providing reliable and affordable loan options. The app allows users to apply for loans online and receive funds directly in their MoMo accounts within just 24 hours.
A Trusted Lending Platform
As a reputable online lending service, FICASHX delivers consistent financial support to those in need across Ghana. Users can take advantage of loan durations of up to 12 months, with amounts ranging from ¢10,000 to ¢100,000—making it one of the highest loan limits available in the country. After submitting an application through the app, users can expect loan approval within minutes.
To use FICASHX, applicants must be at least 18 years old and possess a valid form of identification, such as a national ID, voter’s ID, NHIA membership, or passport. Additionally, users must reside in Ghana. Loan repayment periods can be selected between 91 days and 12 months, with an annual interest rate of 24 percent and a minimal management fee of 0.01 percent.
For example, if you borrow ¢10,000,000 and choose a repayment period of 12 months at a 24 percent interest rate, the total interest would amount to ¢2,400,000. Including an additional 12 percent platform fee of ¢1,200,000, the total repayment would come to ¢13,600,000. Notably, this app is exclusively tailored for the Ghanaian market.
Your Go-To App for Quick Loans
FICASHX stands out as a dependable and user-friendly mobile app for obtaining credit cash loans in Ghana. Its straightforward online application process ensures that funds are deposited into users’ MoMo accounts within 24 hours. FICASHX is committed to offering cost-effective and reliable credit solutions, with loan amounts ranging from ¢10,000 to ¢100,000 and repayment options available for up to 12 months.
Expert Counsel
While loan apps might appear to be a convenient solution for your financial challenges, they often carry considerable risks. Here are ten essential tips to keep in mind when using online loan applications:
Prepare for Intense Messaging If Payments Are Late
A delay of even a day in payment can trigger a barrage of aggressive messages, especially on platforms like WhatsApp. If you find yourself facing harassment, don’t hesitate to block the sender to maintain your peace of mind.
Steer Clear of Borrowing from Multiple Apps
Taking out loans from different apps to cover existing debts can worsen your financial situation. This approach can lead to a troubling cycle of borrowing that’s hard to escape.
Be Cautious of High Overdue Interest Rates
Missing a payment can lead to daily interest rates as high as 5% to 7%. These steep rates can escalate your debt rapidly.
Only Download from Trusted Sources
Always ensure you download loan apps from reputable sources, such as the Google Play Store. Using unofficial sites can jeopardize your personal information and expose you to potential cyber threats.
Consider Avoiding Loan Apps Altogether
Many loan apps are structured to trap borrowers in a cycle of debt, endangering both their financial stability and privacy. It's often wiser to seek safer financial options.
Be Aware of Very Short Repayment Terms
Many loan apps impose repayment periods as brief as 6 to 14 days, making it difficult for borrowers to meet their obligations and often leading to a spiral into debt.
Protect Your Reputation
If a loan app contacts your friends or family to publicly shame you, they have achieved their objective. Some borrowers may choose not to repay loans, thinking the damage has already been done.
Break Free by Stopping Borrowing
To escape the clutches of predatory lenders, the most effective solution is to stop borrowing altogether. While this can be difficult, cutting off access to harmful loans is vital for regaining control of your finances.
Utilize Truecaller for Call Management
Truecaller is a useful app for screening and blocking unwanted calls from loan companies, significantly reducing the stress and harassment from lenders.
Report and Block Harassers
If you receive threatening messages via platforms like WhatsApp, take immediate action by blocking the sender and reporting them to WhatsApp and the Google Play Store to help protect others.
By keeping these tips in mind, you can safeguard yourself against the harmful effects of predatory loan apps and maintain your financial health.
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