NewLoan Review: Is NewLoan A Real Or Fake App

About NewLoan

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

According To NewLoan; NewLoan application is a convenient and reliable way to access money when you need it.

NewLoan Requirements

  • You need a valid ID to qualify for a NewLoan. 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 NewLoan Loan

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

NewLoan Review

The NewLoan app lets you apply for credit on the go and it works 24/7. If your loans are approved, you will receive your mobile loan fastly. Customers can apply from Gsh50 to Gsh500, ranging from 91 days to 365 days.

Customer Support Email:

Address: GQQR+C35, Ga Mashie Rd, Accra, Ghana

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Loan Amount: GHC100 – GHC5000.

APR: 12% – 24%.

For example, for a 365-day loan with a principal of GHC 100, the APR is 20%. All the important points for the loan in detail:

Loan sum (principal): GHC 100

Total interest: GHC 20

Total payment: GHC 120

Total Payment Duration: 365 days

Is NewLoan Real Or Fake?

Status: NewLoan might be a scam. Use the app at your own risk!

NewLoan App Download

Download the NewLoan app from here