Gh loans-easy online loan 2.1

INTRODUCTION
Gh Loans offers a straightforward solution for instant loans in Ghana. The platform provides an intuitive app designed for swift and secure loan applications. Whether addressing urgent financial needs or pursuing personal goals, Gh Loans caters to various borrowing requirements. The efficient approval process allows users to access funds promptly, facilitating easier financial management.

WHO CAN APPLY
1. Individuals aged 18 years or older
2. Citizens of Ghana
3. Applicants with a regular source of income

PRODUCT FEATURES
- Loan Amount: Minimum GHS 1,000 to a maximum of GHS 5,000
- Loan Term: Ranges from 92 days to 180 days
- Minimum Annual Interest Rate (APR): 12%
- Maximum Annual Interest Rate (APR): 26%

FOR EXAMPLE
1. For a loan of GHS 1,000 with a term of 92 days at an annual interest rate of 12%:
- Daily interest rate = 12% / 365 = 0.033%
- Interest for 92 days = GHS 1,000 * 0.033% * 92 = GHS 30.36
- Origination fee = GHS 1,000 * 0.05 = GHS 50
- Total repayment amount = GHS 1,000 + GHS 30.36 + GHS 50 = GHS 1,080.36

2. For a loan of GHS 5,000 with a term of 180 days at an annual interest rate of 26%:
- Daily interest rate = 26% / 365 = 0.071%
- Interest for 180 days = GHS 5,000 * 0.071% * 180 = GHS 639
- Origination fee = GHS 5,000 * 0.05 = GHS 250
- Total repayment amount = GHS 5,000 + GHS 639 + GHS 250 = GHS 5,889

CONTACT US
Phone: +233 0538437960
Email: [email protected]
Address: Unnamed Road, Kumasi, Ghana