| Name | com.assamoa.acorncredit.cash.loan |
| Version | 1.0.1 |
| Size | 13 Mb |
| Updates | September 16, 2023 |
| Category | Finance And Loans Ghana |
| Acron Credit Loan App |
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| Description |
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| About Acron Credit Loan App Apk |
In an era where financial stability plays a pivotal role in one’s life, access to reliable credit services is of utmost importance. Acron Credit Loan App has offering a seamless borrowing experience with loan tenures ranging from 91 days to 360 days. With loan amounts ranging from GHC 100 to GHC 100,000 and competitive APR rates ranging from 4.45% to 18.25%, Acron Credit Loan App is revolutionizing the lending landscape in Ghana.
In this comprehensive guide, we will explore the intricacies of Acron Credit Loan App, eligibility criteria, and how you can kickstart your financial journey with this innovative platform.
Understanding Acron Credit Loan App
Table Of Content
What is Acron Credit Loan App?
Acron Credit Loan is a financial service tailored for the citizens of Ghana. It offers a wide range of loan products designed to meet the diverse financial needs of its users. Whether you require a small loan for a short period or a substantial amount for a longer duration, Acron Credit Loan App has you covered.
Loan Terms and APR
Acron Credit Loan provides borrowers with the flexibility to choose loan terms that align with their financial circumstances. The loan tenure can vary from a minimum of 91 days to a maximum of 360 days, giving borrowers ample time to repay their loans comfortably. Additionally, the Annual Percentage Rate (APR) for loans offered by Acron Credit Loan ranges from 4.45% to 18.25%, ensuring that borrowers can access credit at competitive rates.
Daily Interest Rate
The daily interest rate offered by Acron Credit Loan is a mere 0.05%. This low-interest rate makes it an attractive option for individuals seeking affordable credit solutions. To illustrate this, let’s consider an example:
Example Acron Credit Loan: Imagine a borrower receives a GHC 3,000 loan for a 91-day term with a one-installment repayment plan. In this case, the daily interest rate of 0.05% applies. The breakdown of the loan details is as follows:
- Daily interest: GHC 3,000 * 18.25% / 12 / 30 = GHC 1.521
- Monthly interest: GHC 3,000 * 18.25% / 12 = GHC 45.652
- Total interest payable: GHC 3,000 * 18.25% / 12 * 3 = GHC 136.956
- Repayment due, total amount to be repaid: GHC 3,000 + GHC 3,000 * 18.25% / 12 * 3 = GHC 3,136.956
Eligibility for Acron Credit Loan App
Acron Credit Loan \has a straightforward eligibility criteria, making it accessible to a broad spectrum of users. To be eligible, you must meet the following requirements:
- Ghanaian Citizenship: Applicants must be citizens of Ghana to qualify for loans from Acron Credit Loan.
- Age Bracket: Borrowers should fall within the age range of 20 to 55 years.
- Source of Monthly Income: To ensure responsible lending, applicants must have a steady source of monthly income.
Getting Started with Acron Credit Loan App
Acquiring financial assistance through Acron Credit Loan is a hassle-free process. Here’s a step-by-step guide to kickstart your financial journey:
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Install the AcronCredit: Begin by downloading the AcronCredit App from the Google Play Store. It’s a user-friendly application designed for easy navigation.
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Register an Account: After installation, register an account on the app. Ensure that you provide accurate and up-to-date information during the registration process.
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Select Your Desired Product: Acron Credit Loan App offers a variety of loan products. Choose the one that suits your financial requirements.
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Fill Out the Application: Complete the application form with the required details. Ensure that all information is accurate, as this will be used for the loan approval process.
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Verification Process: After submitting your application, you may receive a verification call. This step is crucial for confirming the information provided. The final application result will be displayed in the app, and you will receive an SMS notification if your loan is approved.
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Loan Agreement Consent: Once your loan is approved, you will need to provide consent to the loan agreement terms. Review the terms carefully and, if acceptable, proceed with your consent.
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Loan Disbursement: After confirming the loan agreement, the approved loan amount will be disbursed into your account. You will receive an SMS notification once the funds are available.
Contact Information
Should you have any inquiries or require assistance, Acron Credit Loan App’s customer support team is readily available to help. You can reach out to them via email at help@acorncredit.app.
Conclusion
Acron Credit Loan stands as a of hope for Ghanaians in need of financial support. With its user-friendly interface, competitive interest rates, and flexible loan terms, it has become a go-to solution for many. Whether you have unexpected expenses, want to invest in a personal project, or simply need some financial breathing room, Acron Credit Loan is here to empower you on your financial journey.
