How to borrow money from Vodafone Cash Ghana
With the advancement of technology and Financial Technology, getting a loan today should not be as difficult like before. Accessing instant mobile loans in Ghana is simple and fast due to the advent of mobile money services in Ghana.
Whether you are looking to consolidate debt, make a major purchase, or just need some extra cash, borrowing money from Vodafone Cash Ghana can be a great option.
With competitive interest rates and flexible repayment terms, Vodafone Cash Ghana can offer the perfect financial solution. In this article, we will walk you through the process of applying for a loan from Vodafone Cash Ghana and explain the different options available.
About Vodafone cash loan
The Vodafone Cash Ready Loan offer in Ghana is a loan offer that is given to all Vodafone Ghana customers who are active on the Vodafone mobile network and has been using the Vodafone Cash service for long. The Ready Cash is a Term Loan (the
Product) from Vodafone Ghana Mobile Financial Services Limited (Vodafone Cash) underwritten by Consolidated Bank of Ghana (CBG).
Vodafone cash loan requirements
- Have a valid and registered Vodafone SIM.
- Make sure your Vodafone SIM card is registered for Vodafone Cash service and have been used for transactions for long.
- Make sure you don’t owe any previous loan
How to apply for Vodafone Cash Ready Loan
- Dial Vodafone Cash code: *110#
- Choose option 5 (Financial Services.
- Select option 3 (Loans)
- Choose 1 (Ready Loan)
- Select option 2 (Ready Loan Request)
- Select to Opt in
- Read terms and conditions and Enter your PIN
- If you qualify, you will be given available loan offers to choose from.
- Select Loan amount and proceed.
- After a short time, your Vodafone Cash account will he credited with the amount your requested.
- If you don’t qualify, your request will be denied.
How to repay Vodafone Cash Loan
- Deposit the amount repayable or more into your Vodafone Cash account before the due date to repay your loan.
- Vodafone cash under Vodafone Ghana will deduct the exact loan amount automatically from your wallet on the due date.
- Vodafone Ghana allows you to repay your loan manually at any time, by selecting the Repay loan option on the Vodafone Cash Ready Loan menu by dialing *110# and select Financial service.
Benefit of Vodafone Cash Loan
- No guarantor needed before you can get a loan from your Vodafone Cash wallet.
- Flexible and convenient payment options.
- Inflation or foreign exchange does not affect loan charges.
- You have the choice to choose any amount you desire.
How do I know I am eligible for Ready Cash?
You must have an active Vodafone Cash account and be active on our GSM network.
How do I know I qualify for Ready cash?
You must be at least 18 years to apply and being with Vodafone for at least 6 months and active on Vodafone cash for at least 3 months.
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How many times can I take a loan on Vodafone Ready Cash?
As many as possible, but you only have on loan account at a time.
How much is Vodafone cash loan interest rate?
The Loan service attracts a fixed monthly interest. This fee is added to the loan amount to give the customer the value to pay back, before or on the due date. When the due date elapses, a penalty fee of 12.5% is applied for defaulting.
When can I repay my loan?
Due-date for repayment is fixed on the 30th day after disbursement, but you can repay any time before the due date
Can I repay my loan through a bank?
No, all repayment shall be from your Vodafone Cash wallet you used for the loan request.
What happens if I can’t repay my Vodafone Ready Cash loan on time?
You will be charged an additional rate of 12.5% as a penalty until full repayment is made.
Final words
Borrowing money from Vodafone Cash Ghana is a great way to get the funds you need quickly and conveniently. With simple steps and a few clicks, you can easily borrow money from Vodafone Cash Ghana and start using it for whatever purpose you need. This makes it a great option for those times when you need money quickly and conveniently.
