Is Momo Cash Loans Real Or Fake

Table of Contents

About Momo Cash Loans

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

You need a valid ID to qualify for a Momo Cash 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.

Download The Momo Cash Loans App: Download the free app from the Google Play store
Sign Up: Set up your Momo Cash Loans 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

Loan Amount: USD 50 to USD 500 with a repayment period of 100 to 270 days.

Interest ranges from 5% – 9% APR.

Processing Fee: Range from USD 1 – USD 5 one-time charge.

VERY IMPORTANT

Funds recovery is another type of fraud.

Connect with me on Instagram: @iamyhangmhany if you need advice/help before investing in any project.

Join me on Abundance Defi and let's earn passive income today

The minimum Annual Percentage Rate (APR) includes interest plus the processing fee of is:5%.

The maximum Annual Percentage Rate (APR) is 9%.

If you choose a 91-day loan and borrow USD 10 with an interest rate of APR of 9% and a processing fee of USD 1, the total amount due is USD 11.30.

Status: Momo Cash Loans might be a scam. Use the app at your own risk!

Download the Momo Cash Loans app from Google Playstore