A digital lending solution for Ghanaians
CediBoom Instant Personal Loan is a free financial app in Ghana developed by PINTU, which offers swift and convenient access to short-term loans for those in need of immediate financing. This platform makes it easy for applicants to submit a loan request through their personal devices, which simplifies and expedites the procedure.
Similar to WantCash - Credit Loan and Fido - Online Loans App Ghana, CediBoom Instant Personal Loan offers flexible repayment terms and competitive interest rates to suit diverse financial needs. Additionally, all transactions are guaranteed secure as the app runs on a highly encrypted platform.
Fast and convenient lending solution
In moments of financial urgency, borrowing from a lending institution may become a crucial lifeline. CediBoom Instant Personal Loan aims to address this financial burden by reducing the loan application process to mere minutes using its electronic system. The loan application is open to all Ghanaian citizens at least 18 years of age with a steady source of income and a satisfactory credit history.
The loan amounts range from GH₵ 5,000 and GH₵ 10,000, depending on the borrower's credit standing. As for the interest rate, it ranges from 12% to 28% annually. Borrowers are afforded the repayment choice of either monthly installments or a lump sum payment within a period of 91 to 365 days. The best part is that there is no processing fee involved or any collateral required.
To submit a loan request, a borrower needs to register on the app with their personal information and a valid ID. Once the loan application is approved, the money will be transferred promptly to their nominated mobile wallet account. The app supports MTN, Vodafone, and AirtelTigo virtual wallets. Take note, though, that the app can be prone to intermittent technical issues, causing some features to malfunction.
A dependable app to address financial difficulties
CediBoom Instant Personal Loan provides a convenient way to borrow funds to cover pressing economic issues. The app’s efficient paperless method, quick approval, and immediate fund disbursement offer a fast, reliable, and hassle-free way for borrowers to access funding whenever they need it. Moreover, its flexibility in its repayment terms, competitive interest rates, and transparency with all applicable fees make borrowing more affordable and manageable.
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