4Cedi

Pros

• Instant mobile loans without collateral.
• Flexible repayment terms tailored to each borrower.
• A range of personal loans from ¢100 GHS to ¢10,000 GHS.
• No service fees for loan application.

Cons

• Only available to Ghanaian citizens aged between 22 and 55.
• Interest can reach up to 29%, which may be considered high by some.

4Cedi is a no-cost business application designed to facilitate immediate mobile loans for users in Ghana. This application provides an array of personal loan options that are granted without the necessity for collateral. By catering to varied loan durations, 4Cedi offers customers the opportunity to choose between fixed and variable interest rates.

Access to a broad range of personal loans

4Cedi grants individuals access to a diverse range of personal loans, starting from ¢100 GHS and going up to ¢10,000 GHS. To accommodate each borrower, the terms of loan repayment for these loans are flexible and adjustable. You have the ability to choose to pay back the debt in convenient instalments within a maximum period of one year or less.

Fast and efficient borrowing process

4Cedi operates as a mobile loan application that allows instant access to loans without demanding collateral. To secure a loan within a matter of minutes, all you need to do is provide the accurate information required by the application. You can request loans ranging from ¢100 GHS to ¢10,000 GHS through this platform. So, it offers an effective, streamlined method to procure funds when necessary.

The duration of loan repayment from this platform can vary from a week to an entire year. However, do keep in mind that the interest charges will differ based on the duration of your loan and the applicable interest rate. The annual interest rate, or APR, for the loans ranges from 10% to 29%, depending on the specific loan category. It's also important to note that the application process does not entail any service fees.

To illustrate, if you borrow ¢2,000 GHS and decide to repay it over the course of 150 days with an annual interest rate of 20%, the total repayment amount would be ¢2,164 GHS. Besides, it's critical to remember that to be eligible for a loan, you need to be a citizen of Ghana falling within the age group of 22 to 55. This application is crafted exclusively for Ghanaian citizens.

Swift loan provision

4Cedi is a user-friendly mobile loan application that offers instant access to loans, doing away with the need for collateral. With a range of loan options from ¢100 GHS to ¢10,000 GHS on offer, borrowers can opt for repayment terms that suit their personal circumstances. From loan durations that range from one week to a year, borrowers can select from a variety of interest rates based on their chosen terms. This application is exclusively available to Ghanaian citizens aged between 22 and 55.

Pros

• Instant mobile loans without collateral.
• Flexible repayment terms tailored to each borrower.
• A range of personal loans from ¢100 GHS to ¢10,000 GHS.
• No service fees for loan application.

Cons

• Only available to Ghanaian citizens aged between 22 and 55.
• Interest can reach up to 29%, which may be considered high by some.