Moco Mobile Loan is a mobile app that allows its users to quickly get a cash loan.
The app has been designed to be user-friendly, and it has made it easy for people to get quick loans without having to go through any formalities.
Moco Mobile also offers a variety of repayment plans, so borrowers can find the perfect option for them. This article will walk you through the nitty-gritty of applying for this loan successfully.
Without further ado, lets get down to bussines.
What is Moco Loan?
MOCO Loan is a loan APP under Sikahub that gives instant mobile loans to Ghana citizens.
The company, Sikahub’s vision is “Credit is available to everyone, and credit is valuable.”
Why you should choose Moco Loan
- Moco Loan has High quota: the maximum quota for approval is 5000GHS
- Simple operation: Fill in the application information on the mobile phone and submit the application quickly
- Revolving loan: good repayment performance, you can continue to obtain products with lower rates and higher quotas.
Moco Loan Amount, Term, and Interest Rate
- Loan Amount: GHS 100 ~ GHS 5000
- Loan Term: 90~180 days
- Loan interest: 19.45% per annum～31.29% per annum.
- Service rate: 1% ～3%
If you apply for a loan, after review, your borrowable limit is 1000 GHS. You choose a repayment period of 90 days. Annual loan rate is 20% and service rate is 1%
Your repayment plan is as follows：
Daily interest rate=20%/365=0.05%
The interest for 90 days =1,000×20%/365×90= 49.32
The service rate=1000*1%=10
The totally repayment=1,000+49.32+10= 1,059.32
Who is eligible for Moco Loan?
- Legal residents of Ghana
- 18-65 years old
- Have the ability to work (Having source of income).
How to apply for Moco Loan?
- First downloan the Moco Loan app from play store.
- Register an account.
- Fill in your basic information.
- Apply for loan.
- Get the money straight into your bank account.
——Contact Moco Loan
Email: [email protected]
Location: Lame Dwaahe St, Adenta, Accra
In conclusion,Moco Mobile Cash Loan can help you get a quick loan in 2 minutes.
Simply fill out the form using their mobile app and they will start processing your loan within minutes.