| Interest Rate | 40% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | KeepLoan |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | |
| Category | Dangerous Loan |
| Company Email | |
| Views | 130 |
KeepLoan is a reliable platform dedicated to providing safe and secure short-term loan services. Our mission is to establish a healthy and beneficial lending relationship between our platform and users, ensuring that your financial needs are met efficiently and responsibly.
Application Conditions
To apply for a loan through KeepLoan, you must meet the following conditions:
Citizenship: Must hold a Ghana identity card.
Age: Must be between 18 and 55 years old.
Repayment Ability: Must have the ability to repay the loan.
How to Apply for a Loan
Follow these simple steps to apply for a loan with KeepLoan:
Download the KeepLoan App: Get the app on your mobile device.
Fill in Your Information: Complete the registration with your real information.
Apply for a Loan: Submit your loan application within the app.
Approval and Disbursement: Upon approval, the loan amount will be transferred directly to your bank account.
Product Description
Loan Amount: Borrow between 500 to 2000 GHS.
Loan Term: Flexible repayment periods ranging from 91 days to 365 days.
Annual Percentage Rate (APR): 3% to 12% per annum.
Management Fee: 1% to 5%.
Late Fees:
Late fees are charged up to 0.1% per day (maximum of 18% of the overdue amount). There are no other hidden fees associated with your loan.
Users are only penalized for late payment of scheduled payments.
Example Loan Calculation
Example:
Loan Amount: GHS 1000
Loan Term: 180 days (6 months)
APR: 10%
Interest Calculation:
Interest: GHS 1000 * 10% / 365 * 180 = GHS 49.3
Principal Repayment: GHS 1000
Total Repayment Amount: GHS 1000 + GHS 49.3 = GHS 1049.3
Monthly Repayment:
Monthly Payment: GHS 1049.3 / 6 = GHS 174.9
Information Security
At KeepLoan, your personal information is absolutely safe. All data is encrypted and protected, ensuring that user information is never shared with third parties without consent.
KeepLoan is dedicated to offering secure and reliable short-term loan services. Download the app today and experience the convenience of quick financial support. We're here to help you every step of the way!
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.
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