About ProKash Loan
ProKash Loan is one of Ghana’s new credit apps. It lets people borrow money and pay it back with a mobile wallet from anywhere, at any time.
According to ProKash Loan, ProKash is a professional microloan app that lets you borrow money in as little as 10 minutes. Now, you can get a payday loan quickly and safely from your phone, so you don’t have to go to the bank or worry about making a payment late. No credit check is done. There are no extra costs.
ProKash loan Requirements
- To get a ProKash Loan, you need a valid ID. Driver’s licence, NHIA membership, voter ID, national ID, or passport should be the type of ID.
- You must live in Ghana and be at least 18 years old.
- Mobile Money account: MTN Mobile Money or AirtelTigo Money that you’ve had for at least two months and is registered in your name.
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How to Get a Loan from ProKash
Step 1: Visit the ProKash Website
To begin the loan application process, visit the ProKash website at www.prokash.com.
Step 2: Create an Account
To apply for a loan, you need to create an account on the ProKash platform. To do this, click on the “Sign Up” or “Register” button on the website’s homepage and provide the required information, such as your name, email address, and password.
Step 3: Complete the Loan Application Form
Once you have created an account, you can log in and fill out the loan application form. You will need to provide personal and financial information, such as your name, address, employment status, income, and bank account details.
Step 4: Submit the Loan Application
After completing the loan application form, submit it by clicking on the “Submit” or “Apply Now” button. Your application will be reviewed by the ProKash team, and you will receive a response within a few business days.
Step 5: Receive Loan Approval and Disbursement
If your loan application is approved, you will receive a loan offer with the loan amount, interest rate, and repayment terms. If you accept the offer, the loan funds will be disbursed to your bank account within a few business days.
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ProKash Interest Rate and Contact Number
Loan Amount: 1,000 to 10,000 GHS.
Length of the loan: 90 to 365 days.
Interest on loans: 10% to 25% per year.
For example, if you apply for a 2,000 GHS loan with a 100-day term and a 10% interest rate per year, the bank will give you the money. So the daily interest rate is 10%/365 = 0.027% 100-day interest rate = $2,000 x 10% of 365 days = $54; total payment = $2,000 + $54 = $2,054.
Is ProKash Loan legit or not?
Status: ProKash Loan could be a scam. You’re on your own if you use the app.
Get the ProKash Loan App
Here is where you can get the ProKash Loan app.
How to Find Out if an Online Loan App is a Scam
It can be hard to tell if an online loan application is real or not. But here are some steps you can take to make sure an online loan app is real:
- Check for the company’s physical address. A real loan app will have a physical address listed on its website or app. Check the address on Google Maps to make sure it points to a real place and isn’t just a random number.
- Look for licences and registrations. A real loan app will be registered with state or federal regulators. Check the website of the app or the website of the regulator to see if they are registered.
- Read reviews online: Look for reviews of the app on third-party websites and social media platforms. Reviews can give you an idea of how other people have used the app.
- Check the terms and conditions. Carefully read the terms and conditions to make sure there are no hidden costs or fees.
- Contact customer service: If you’re not sure if the app is real, you can contact their customer service team. A real loan app will have a customer service team that is quick to respond and can answer your questions.
- Check the app’s security: Make sure it uses secure encryption methods and has the right security protocols in place to protect your personal and financial information.
By taking these steps, you’ll be less likely to fall for a fake online loan application.
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Is ProKash loan App Legit or Scam?
IS ProKash App Safe?
Conclusion
Applying for a loan on ProKash is a simple process. By following the steps outlined above, you can apply for a loan online and receive the funds you need to meet your personal financial needs. It is important to ensure that you read and understand the loan terms and conditions before accepting any loan offers. Additionally, always exercise caution when dealing with online financial transactions and only deal with reputable lending platforms.
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