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Rapid Cashback Loan
The Rapid Cashback Loan is a short-term financing solution designed to help businesses and individuals to meet their cash flow needs. This loan comes with a cashback offer of up to 12% of the interest paid back to the borrower at the end of the loan tenure, provided they meet the repayment terms.
Loan Information
Features & Benefits:
Requirements for Businesses:
Requirements for Individuals:
Features & Benefits:
- Customer must have run a savings account for at least 3 months.
- Borrow up to 90% of your account balance while earning interest on your savings.
- Competitive interest rates (2% per month on 1st cycle and 3% per month on repeat cycles)
- Loan amounts range from GH¢1,000 to GH¢20,000.
- Flexible repayment terms of up to 12 months.
- Rapid loan processing time within 24 hours.
- Convenient repayment options through standing orders or direct debits from your account.
- Cashback offer of up to 12% of the interest paid back to you at the end of the loan tenure.
- Free insurance coverage to protect your loan repayment in case of unexpected events.
Requirements for Businesses:
- Must be a registered business in Ghana with a valid business registration certificate.
- Must have a good credit history.
- Must have a minimum annual turnover of GH¢30,000.
- Valid ID card of the business owner or authorized signatory
- Proof of income (bank statements, financial statements, or audited accounts)
- Business plan or cash flow projections (for new businesses)
Requirements for Individuals:
- Must be a Ghanaian citizen or resident.
- Must be between 21 and 60 years old.
- Must have a minimum monthly income of GH¢500.
- Must have a good credit history
- Must have a valid ID card.
- 1 passport-size photograph
- Proof of income (pay slip, bank statement or employment letter)
- Proof of address (utility bill or tenancy agreement)
- Digital address