CreditBag 1.3.2

CreditBag offers an online personal lending platform designed to simplify the borrowing process. The service eliminates the need for paper documentation and complex manual reviews, opting instead for an automated system that processes loan applications continuously. This approach helps address financial needs efficiently, at any time and from any location.

Why Choose CreditBag?

• Completely online application process
• 24/7 availability of services
• No waiting periods for loan disbursement

Eligibility Criteria:

1. Citizens of Ghana
2. Aged between 22 and 60 years

Application Steps:

1. Register on CreditBag using your mobile number.
2. Provide the required application information.
3. Submit your application and await the review outcome.
4. Upon approval, the loan amount is automatically disbursed to your designated account.

Product Features:

• Loan Amount: Minimum GH₵ 100, Maximum GH₵ 10,000
• Loan Term: 91 days to 365 days
• Maximum Annual Percentage Rate (APR): 36%
• No hidden fees

Example Calculation:

For a loan of GH₵ 1000 with a term of 180 days at an APR of 36%, the maturity fees would be calculated as follows:

• Interest = GH₵ 1000 * 36% / 360 * 180 = GH₵ 180
• Total Amount Due = GH₵ 1000 + GH₵ 180 = GH₵ 1180

Privacy and Data Protection:

CreditBag employs encryption to safeguard the information users choose to share. The company is committed to maintaining confidentiality and will not disclose personal data to third parties.

Contact Information:

Email: [email protected]
Office Address: 15 New Town Rd, Accra, Ghana