Lending Papa loan is an online loan application that gives you access to borrow money and get it instantly.
Loan Apps that are available in Ghana have made it simple to get loans to help with emergencies that require financial assistance.
With options like Fido Loan, Wohiasika Loan, Sikapurse Loan, Bloomkash Loan, and many more. as well as Lending Papa Loan, getting a loan is not a physical meet no collateral and no deposit is required. will require before they can give loans out.
Table of Contents
What Is Lending Papa Loan?
LendingPapa is a mobile Loan App that provides loans to Ghanaian users. It offers loans between the ages of 100 and 5,000 to loyal loanees
Who is Eligible For Lending Papa Loan?
To be eligible for a LendingPapa credit, a borrower must meet the following criteria:
Ghana Resident
Between 20 and 55 years of Age.
What is the Interest Rate?
Amount: 91365 days.
The rate of interest for the Lending Papa loan ranges between 8% and 22 percent per year.
For instance:
If you want to apply for a loan amounting to GHS 5,00, the repayment period is 120 days. The Annual interest is 18 percent.
Thus, the daily rate of interest rate=18%/365=0.049 percent, the interest rate for 120 days is 5,000×18%/365×120= 24, and the total repayment is 5,000+245= 5,245.
How Much Loan Does LendingPapa Give?
LendingPapa Loan gives a minimum of Ghc100 and a maximum of Ghc5,000. This is contingent on the degree of loyalty you show to the company.
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What is LendingPapa Loan Term?
While it’s stated in the Mobile Appthe on the Google Play store as 91-365 days, you have 14 days to pay back the first loan you receive from them.
How To Apply for LendingPapa Loan?
To apply for LendingPapa Loan, you’ll be required to download their Mobile App that is available on the Google Play Store (You can click here to get the app).
Once you have installed the app, take it out for lunch and then register an account with the following steps:
LendingPapa Sign up
* Type In Your Phone Number
* Enter The OTP Sent to You Via SMS
* Type a New Password
* Type the Same Password You Choose Again.
Now, Tick On “I Agree To The Privacy Statement”
Click On Sign up to Proceed.
Loan papa loan: How to apply for and get an instant C/100-C/5000 loan
Following a successful account opening, you’ll get a similar screen to the image above.
LendingPapa Loan Application
Under the figure of 5,000, click the button GO
Loanpapa loan how to apply and receive an instant C/100-C/5000 loan 1
As you can see in the above image, you have the option of choosing the amount you want to borrow. As you are a new borrower the maximum amount you can receive is Ghc100. But, you will be able to increase the amount you can borrow when you make your payments in time.
Also, you have 14 days maximum to repay your initial loan.
Tick on “I Agree To Loan Agreement” and Click on “Confirm”.
It is required to take and upload an image of yourself before a loan is paid.
After you’ve submitted your photo, LendingPapa Will call you to verify that you are truly in need of the loan before disbursing it.
Conclusion
We’re done for the day and I hope that this article will help you obtain an instant loan through Lending Papa. While I wouldn’t advise you to always apply for a loan, particularly for those who are not employed The process of repaying a loan can be challenging often.
