ENJOY 0% DEPOSIT, LOW INTEREST RATES FOR CASH LOANS & HIRE-PURCHASE ONLINE & IN-STORE
Credxter simply allows you to get loans and also pay for goods and services in instalments. You can shop online or in-store at any Credxter retail partner and we’ll spread the cost over a maximum period of 72months for you. It’s just that little bit extra breathing space to make buying easier.
Credxter makes your loan request, shopping affordable and convenient by spreading your payments into simple instalment plans. Just find what you want at any of our retail or online merchant stores, choose Pay with Credxter, and enjoy your flexible monthly payments. You can also unlock exciting features every successful repayment!
Credxter is more convenient. Buy what you want today directly in-app or at any of our merchants and select to pay with Credxter. That will split your purchase in convenient instalments. We’ll let you know when your payments are due ahead of time. Collateral or down payment are not needed. Borrow money for personal use or shopping quickly and online. The credit approval process is super easy and super-fast! Most customers who apply on our app can get an instant decision and can get credit immediately. And you don’t have to deal with the credit money. Just shop and enjoy!
CONVENIENT REPAYMENT OPTIONS
You can easily pay your instalments via mobile money, direct bank deposits, CAG deductions, employer payroll deductions or at our partner retail outlets.
LOAN APPLICATION & PROCESSING
What you see is what you pay for - no hidden fees. Our app lets you configure your instalments and see the exact amount you will pay every month upfront. Before availing we will always generate a Disclosure Statement in compliance with standard banking practice. Enjoy the benefits without paying upfront. 0% deposit for consumer credit.
ELIGIBILITY
- Individual with contractual capacity, minimum age of 18years
- Final repayment deduction must be atleast 12months prior to applicant’s 60th birthday
- Permanently employed Government or Private employee where a formal deduction agreement is in place, and a minimum employment period of 12months
TERMS
- All term loans are unsecured
- The minimum loan amount is GHC 100 and the maximum loan amount is GHC 100,000.00
- The minimum term loan is 3months (90days) and the maximum term is 72months(6Years)
DOCUMENTATION & REQUIREMENTS
- Loan Forms
- Mandate Form (printable by customer/forward soft copy)
- Direct Debit Authorization Form
- 1 Most Recent Passport Sized Photograph
- Identity Card (Ghana Card)
- Bank Document- (voided cheque, 1-3months bank statement)- should be salary account
- 1 Most Current Pay Slip
MINIMUM TENURE OF LOAN
The minimum term for a loan is 90days (3months). The monthly repayment calculations in-app are for illustration purposes only. All loan applications less than 90days will be disqualified automatically .
ANNUAL PERCENTAGE RATE
Maximum Annual Percentage Rate (APR) is 27%. This is based on an interest rate of 2.25% per month.
Representative Example:
Loan amount: 50,000
Tenure: 72 months
Interest Rate: 27% per annum – 2.25% per month
Total Interest: 81,000
EMI: 1,819.44 (total monthly instal.)
APR: 27%
Loan amount is 50,000.
Disbursed amount is 50,000.
Total loan repayment amount is 131,000
*Rate is for reference only and may change depending on financial and economic market/environment conditions. Consumer credit and loans are repaid monthly and do not compound interest and are eligible for extension or refinancing beyond the stated term.
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