18/05/2021
What is a quick loan?
A quick loan is a form of short-term personal credit, built for speed and convenience. Quick loan products are designed to provide fast solutions for cash emergencies.
This type of unsecured finance is often suitable for those with relatively poor credit, as the loan amounts are quite small and the loan periods are short.
How fast can I receive the money?
If your online loan application is successful, funds are usually transferred the same day, particularly if you apply during business hours. When you receive your funds will be dependent on your banks policies and procedures.
Faster payments
If your bank supports Faster Payments, and you need the money today, cash can usually be transferred within the hour, often within 15 minutes*.
Before faster payments became available, it could often take 2-3 days for funds to reach customer bank accounts.
This meant that customers dealing with an urgent, cash emergency often had to deal with the stress of waiting to receive their money.
How much can I borrow?
If you apply for a loan with CashLady you can borrow anywhere from GHS1000 - GHS100,000. If you are looking to borrow a large amount of money quickly, you should make sure your credit file is up to date to ensure you give yourself the best chance of approval.
Fast online application process
Your application is sent to multiple lenders for consideration – better chance of finding a lender likely to accept your application, with no credit file impact
Quick loan approval decisions
Same day transfer of funds (in most cases)
Online 'e-signature' process (in most cases)
Early repayment without any fees (most lenders)