| Interest Rate | 35% |
| Duration | From 7 Days |
| Access Level | Public |
| Company Name | WantCash |
| Phone 1 | |
| Phone 2 | |
| Website or Store | |
| Address | Ghana |
| Category | Dangerous Loan |
| Company Email | |
| Views | 631 |
WantCash - Credit loan ( Dangerous Loan )
About WantCash - Credit loan
WantCash - Credit Loan is a user-friendly business app developed by WantCash, designed to provide quick and reliable access to personal loans for Ghanaian borrowers. This innovative platform simplifies the lending process, allowing users to apply for loans and receive funds directly to their mobile devices. With its affordable interest rates and flexible repayment options, WantCash is an ideal solution for those seeking short-term financing without the hassle of traditional bank loans.
Loan Range and Flexibility
WantCash - Credit Loan offers a variety of personal loan options, allowing users to borrow between GH₵200 and GH₵5,000. One of the key features of this platform is its flexible repayment terms, which are tailored to meet the individual needs of each borrower. Depending on the loan agreement, borrowers can repay their loans in installments over a period of up to 365 days. This flexibility makes WantCash an attractive option for those who may need more time to pay back their loans.
Borrowers can enjoy a stress-free experience without the need for collateral or extensive paperwork, making WantCash highly accessible. Similar platforms such as Fido and GhanaLending offer comparable services, but WantCash stands out with its simple, mobile-first approach to lending.
How WantCash - Credit Loan Works
WantCash - Credit Loan provides an instant and convenient way for Ghanaians to borrow money from the comfort of their homes. The app enables users to apply for loans entirely online, with approvals typically processed within minutes. Here are the key benefits of using WantCash:
No Collateral or Paperwork: Unlike traditional loans that often require collateral or lengthy documentation, WantCash eliminates these barriers. The entire process is conducted online, making it much more accessible and convenient for everyday users.
Loan Amounts: Borrowers can request loans ranging from GH₵200 to GH₵5,000, depending on their financial needs and eligibility. Once approved, funds are transferred directly to the borrower's mobile wallet.
Flexible Repayment Periods: Repayment periods can vary between 91 days and 365 days, depending on the terms agreed upon by the borrower. This flexibility allows users to repay loans at their convenience.
Competitive Interest Rates: Loans through WantCash come with an Annual Percentage Rate (APR) that ranges from 12% to 28%. The interest rate varies based on the loan amount and repayment period. For instance, if you borrow GH₵1,000 at an interest rate of 28% and repay it over 365 days, you would repay a total of GH₵1,280.
Loan Eligibility Requirements
To apply for a loan through WantCash, borrowers must meet the following criteria:
- Legal Residency in Ghana: Borrowers must be legal residents of Ghana to qualify for a loan.
- Age Requirement: Applicants must be at least 18 years old.
- Valid ID: A valid government-issued ID is required for identification purposes.
- Mobile Wallet: Applicants must have a registered mobile wallet with Vodafone, Airtel, or MTN, as this is where funds will be disbursed and repayments made.
Instant Access to Funds
One of the major benefits of WantCash - Credit Loan is its ability to provide instant access to funds. Once your loan is approved, the money is transferred directly to your mobile wallet, allowing you to access it immediately. This feature makes WantCash a perfect solution for emergencies or urgent financial needs.
Transparent Fees and Charges
WantCash prides itself on being transparent about its fees and charges. The platform does not charge any service fees for signing up or applying for a loan. The only cost borrowers will incur is the interest rate applied to their loan, which can range from 12% to 28% annually, depending on the loan amount and repayment period.
Why Choose WantCash - Credit Loan?
User-Friendly Interface: The app is designed to be intuitive and easy to use, making the loan application process simple, even for first-time users.
Convenience: Apply for and manage your loans entirely through your mobile device, without needing to visit a physical branch or fill out complex forms.
Instant Approvals: With WantCash, you can receive loan approvals and disbursements within minutes, making it one of the fastest lending solutions in Ghana.
No Hidden Fees: There are no additional charges for signing up or applying for a loan. The only cost is the interest applied to the loan amount.
Conclusion
WantCash - Credit Loan is a reliable and accessible lending platform for Ghanaians in need of quick financial assistance. With its flexible loan amounts, affordable interest rates, and easy-to-use mobile interface, it offers a hassle-free alternative to traditional banking loans. Whether you need money for personal expenses, emergencies, or small business ventures, WantCash provides a fast and secure way to get the funds you need, when you need them.
If you're looking for a mobile-friendly loan application that offers instant financing without the burden of collateral or paperwork, WantCash - Credit Loan is a smart and efficient choice.
FAQ
Can loan apps post my pictures on social media?
You should not worry about loan apps threatening to post your picture on social media. If you check their accounts, you’ll notice most of them have fewer than 100 followers. This means they are mainly circulating your picture among themselves just to instill fear in you. Never pay a dime if any loan app posts your picture online; they are actually the ones owing you, not the other way around. Instead, report the account to the appropriate social media platform, and it will likely be closed down.
Can they auto-debit my account?
If you linked (bound) your ATM card during registration with a loan app, they can automatically debit your account. To prevent this, you should go to your bank, block the card, and request a new one.
For fully licensed Microfinance Banks that may use the Global Standing Instruction (GSI) or place a lien on your account, the safest option is to move your money to another bank account that has never been registered with loan apps. This will stop them from debiting your funds.
Can they come to my house or office to arrest me?
99% of loan apps cannot come to your house or office because most of them operate illegally and have no legal right to pursue you physically. Only fully licensed and approved Microfinance Banks with a registered office address and reputation as a legitimate financial institution can pay you a friendly visit, but never to arrest you.
Borrowing is a civil matter, not a criminal case. That means you cannot be arrested simply because you owe money. If any licensed microfinance bank tries to harass or threaten you, please contact us immediately—we will take the right steps to deal with them.
As for loan apps, they cannot legally come to your house or office to arrest you.
Can this loan app defame me?
Yes and No, a loan app can defame you, but it usually depends on where you downloaded the app from and what permissions you gave it.
- If you downloaded the app outside the Play Store or App Store (for example, from a direct link or third-party site), it’s very likely the app will misuse your information. Many of those apps are not properly regulated.
- How they access your contacts:
- Loan apps need Contact permission to copy your phone contacts.
- They also sometimes request Call log permission, which allows them to see your dialed, received, and missed calls—but not your full contact list.
- If you used the app before 2023:
- Before 2023, many loan apps could freely access contacts because the rules were not strict.
- From 2023 onward, Google Play Store and Apple App Store introduced policies that restrict apps from accessing contacts and call logs unless it’s absolutely necessary.
How do I get rid of their daily messages and calls?
To stop their frequent calls, you can install Truecaller, upgrade to Premium, and use the Block Spam Calls feature. This will automatically filter out most unwanted numbers. (Check the video below for step-by-step details.)
For WhatsApp calls and messages, fight back smartly: never listen to their voice notes or read their messages. Instead, use the response strategy in the link below to reply safely. When you push back confidently, scammers usually give up and flee.
https://loansharkreview.com/MessageTemplate
Will this loan apps report me to the Credit Bureau?
In most cases, 90% of loan apps cannot report you to the Credit Bureau. This is because many of them are not licensed financial institutions or they charge exorbitant interest rates that violate government policies.
However, fully licensed and approved microfinance banks can report you to the Credit Bureau. Even when they do, they usually report only the actual amount you borrowed and the original agreed interest — not the inflated charges or penalties. If you notice incorrect information in your credit report, you have the right to contest it with the Credit Bureau and request correction.
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