FiCashX Review: Is FiCashX Loans A Scam

Posted on November 13, 2022 by Yhang Mhany

Table of Contents

About FiCashX

FiCashx is one of Ghana’s new credit apps that allows people to borrow and repay money anywhere, anytime with a mobile wallet.

According to FiCashX: FiCashx is an online lending app based in Ghana. It is a mobile credit cash loan app for finance. The FiCashx app is a premium financial app that helps users easily get online loans with flexible terms.

FiCashX Loan Requirements

You need a valid ID to qualify for a FiCashX Loan. ID Type should be, Driver’s License, NHIA Membership, Voter ID, National ID, or Passport
You must be a resident of Ghana over 18 years of age
Mobile Money account: MTN Mobile Money or AirtelTigo Money registered in your name for at least two months.

How To Apply For FiCashX Loan

Download The FiCashX App: Download the free app from the Google Play store
Sign Up: Set up your FiCashX account by filling in your personal in the app
Select Product: Select your loan terms and conditions
Get Approved: Approval is in real-time. Once approved the funds will be disbursed to your Mobile Money account

FiCashX Review

Take Note

Funds recovery is another type of fraud, be aware!

Check these legit pages

Address: CCWP+89, Dawadawa, Ghana

Customer Support Email: help@ficashx.com

Loan Amount : GH₵ 10,000 – GH₵ 100,000

Loan Term: 3, 6, 9, and 12 months

Daily Loan Interest Rate: 0.01%

Annual Loan Interest Rate (APR): 24%

Management Fee: 0.01%

For example: If you choose a cash loan of GH₵ 10,000,000 for 1 year with 0.01% interest

Profit sharing: 24% = GH₵ 2,400,000

Term: 12 months / 12 times pay

Platform Fee: 12% = GH₵ 1,200,000

Total loan principal + interest = GH₵12,400,000

Total Payment Amount: GH₵13,600,000

Total monthly installments : GH₵ 1,133,333

NOTE: Borrowers have the flexibility to prepay at any time, which may reduce the above fees