Undoubtedly, Ghana’s mobile money system is the most widely used financial service in the country. MTN Ghana took the lead in offering loans to their customers. Subscribers on Vodafone cash now can also request for Ready Loan from CBG right from their phones.
To qualify for a loan, you must be at least 18 years old. You must also be an active user of the Vodafone Cash Service
Steps to Apply
- Dial *110#
- Choose option 5 “Financial Services”
- Choose option 3 “Loans”
- Choose option 1 “Ready Loan”
- Choose option 2 “Request Ready Loan”
- Choose option 1 “Opt-in”
- Accept the terms by entering your pin
If you qualify for a loan at this point, you’ll be presented with some amounts you can be offered. Select your preferred amount and confirm
What will happen if I don’t repay on time or repay at all?
According to the loan terms, if you make a late payment or don’t repay at all, your loan will attract penal interest. You’ll also be blocked from using the service. Your details will also be submitted to other loan services making it difficult to be granted any new loans from them.