Mbosea

About Mbosea

For all Ghanaian customers, MBosea is a needed mobile application. This software will assist you in making rapid loan applications and give you a thorough overview of all your current loans. We strive to make using our website simple and convenient for our users, including the login process and loan application.
With the MBosea app you can：
 - Apply for a loan from us
 - View loan details for all your existing loans
 - Provide detailed account statements
 - Pay your outstanding loans
 - View transaction history
 - Get loan offers on our various products

Who can use our services
 1. Citizens of Ghana
 2. 22-55 years old
 3. Fill in the correct personal information

Personal Loan Product Features
 1. Get a loan from 100 to 2000 GHS
 2. 100% online loan application process - only a few documents need to be uploaded when applying
 3. Payment within 24 hours
 4. Minimum APR (Annual Percentage Rate) of 22% and Maximum APR (Annual Percentage Rate) of 28%
 5. Minimum tenure is 3 months and maximum tenure is 12 months
 6. Handling fee is 2% - 4%
 7. Successful repayment can get a higher loan

*APR and fees will vary based on client's risk profile and term selected.

Example
Loan amount: GHS500 ~ GHS2000
Loan term: 100 days to 365 days
Loan interest: 10% to 29% per annum.
Service charge: 0%.

E.g:
If you apply for a loan of GHS20,00, the term is 150 days and the annual interest rate is 20%.
So daily interest rate=20%/365=0.055%, 150-day interest=2000x20%/365x150=164, total repayment=2000+164=2164

* We take your privacy very seriously, we will never share your personal information with anyone unless we have your strict permission. When you download the app, we will ask you for permission to use your phone's data. Information will be used strictly to verify your identity and create a credit score.