Cocoaloan - Personal Loan

About Cocoaloan - Personal Loan

cocoaloan - maintain good credit and cocoaloan will provide you with a personal loan. Apply online and deposit cash to your card.

Loan amount from GH₵ 200 - GH₵ 5,000
- Repayment period from 3 months to 24 months
- APR from 3.5% to 12% per annum
- Handling fee from 2.5% to 5% (18% GST applies)
- You may be charged a daily late fee of up to 0.1% (capped at 18% of the overdue principal.)
- There are no other hidden fees that apply to your loan.


example
- Credit GH₵5,000 at 12% APR (per annum) for 61 days
- Loan interest = GH₵5,000 x 12 %/ 365 x 60 =GH₵100
- Loan fee = GH₵5,000 x 3% = GH₵125 (also applies to GST of GH₵27)
- Total cost of loan = GH₵225
- Total loan amount disbursed is GH₵4,848 (GH₵5,000 - GH₵152 )
- The total loan amount to be repaid is GH₵ 5,100 (GH₵5,000 + GH₵100 )
- Monthly repayment GH₵ 2,550

• Borrowers have the flexibility to prepay at any time, reducing the above fees

Financial services for online emergency cash loans anytime, no endorsement required. When applying, users can choose different time periods to repay the loan according to their needs. Applying digital technologies with data security at the bank level to protect user privacy

With the cocoaloan app you can.
- apply for your loan
- View your loan information
- Apply for deferment of repayment
- Repayment of loans

[Requirements for applying for a loan]
• 18 years or older
• Ghanaian
• Ghanaian bank account holder.
• Employed.
• Have a good credit history.

important hint:
🕴️ All loans are subject to credit approval.
🕴️ On-time repayment enables higher terms and amounts. Enjoy your credit the smart way!
🕴️ PRIVACY: When you download cocoaloan, we will ask you to authorize access to your phone information to verify your identity and determine if you are eligible for one of our credits. Your data is protected by the highest global security standards and we will never share your information without prior authorization.

contact us
📧 Email: [email protected]
🕖 Customer Service: Monday to Sunday 9:30 am to 19:00 pm
🏠Company address: 3P5H+XWV, Kamompa, Ghana