Little Cash loan App Review: Mobile loan services in Ghana

Little cash loan app is a Ghanian mobile lending service that offers micro and medium short-term personal loans of between GhC900 to GhC5,000 in collateral free loans.

With just you phone number and a few details, you can qualify to get the loan online.

The app has so far gained over 500k downloads on Google play store with mixed reviews. Most costumers seem impressed with the app’s simple and smooth registration process. It uses a loan software to collect prospective customers information including phone records, banking transaction alerts, BVN to build the credit score of each borrower.

To qualify for higher amounts, be sure to keep good bank transaction messages on your phone and do not have outstanding debts with other loan apps!

Application is simple, just download the app from Google play store, provide some information about yourself, the algorithm will analyze your information, calculate your credit score and make you a loan offer all Within a few hours.

How to Download APK and get a loan from Little Cash loan app

  • Download the Little Cash personal Loan App exclusively available on the Google Playstore and install on your Android phone.
  • Register an account with your phone number.
  • After the submission of your loan application, the software will analyze your credit score and the final result will be shown in the APP.
  • The result should be displayed in less than two minutes and if you qualify for a loan, the loan amount will be disbursed into the bank account directly.

Your credit score is a record of your previous borrowings, how early or late you make your payments, cash transactions going in and out of your bank account among other information.

When you download this app you have to consent to it to get access to your phone book contacts that will serve as your guarantors, SMS to see your banking transaction records, apps on your phone to see how you use other loan apps and other details it uses to build your credit score.

Is Little Cash loan app legit or scam?

Yes, Little Cash loan app is a legit loan app. but caution should be taken before taking any online loan. Always read other customer’s reviews before you apply for a loan.

You should know that its availability on Google play store does not make transactions performed on it secure. The play store merely provides an avenue for download, you are responsible for your own security while using loan apps.

Pros

  • Quick loan process online. You apply and get approved online without visiting any physical location.
  • Collateral free, you don’t have to pay any upfront charges or secure the loan with a collateral.
  • Charges maximum of 10% interest rate monthly.
  • Longer Loan duration that starts at 3 months.

Cons

  • Has networking issues that prevents smooth registration.
  • Takes time to disburse loans after approval, some customers take days even weeks before seeing alert.

interest rate?

Monthly facilitation fee: 9% – 25%
APR: 27% – 260%

For example, for a 65-days loan with a principal amount of PHP 1,000 the facilitation fee would be PHP 250 and the total payable amount would be PHP 1,250

Minimum repayment period is 65 days while the maximum repayment period is 120 days, with a minimum APR is 27% while the maximum APR is 260%

LittleCash does not charge more than the amount of the facilitation fee (plus a one-time late fee if you do not pay after the loan repayment grace period). The loan amount does not compound or accrue.

Sample Loan :
Loan Amount 1000 PHP
Interest Calculation – (1000 * 25 ) / 100 = 250 PHP
Expected Payback amount For 65 days – 1000 PHP + 250 PHP = 1250 PHP
Monthly Payment – 625 PHP

Little Cash is very flexible and charges affordable and low facilitation fee ranging from 9% to 25%

This interest rate and tenure is just as an example, expect your loan amount and period to be significantly lower if you’re borrowing for the first time. You can increase your amount by keeping good records and paying back loan on time.

What is an unsecured loan?

an unsecured loan is usually a short term loan that does not require any collateral or downpayment to get. It is usually more expensive starting at double digits interest rate monthly.

Please do not take a Little Cash loan to fund your lifestyle or service long-term debts. Short-term loans are helpful in emergencies but can quite expensive when compared to long-term loans and should be used with care.

Documentation


The minimum documents required to avail loan is your identification number,mobile number, your email address etc. might be required. Once you apply for loans, we will check you in a few minutes.

Little Case Customer service

If you have questions or complaints, please leave us a message through the Feedback page in our application or contact our customer service center. We are ready to serve you.

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