Vodafone Cash loan (Complete Guide)
What is Vodafone Cash Loan?
The Vodafone cash loan or Vodafone Ready Cash provides short-term micro-loans to active and loyal Vodafone customers who are meet the requirements and and qualify based on their vodafone activities.
How to know if you are eligible for Vodafone cash loan or Ready Cash?
To become eligible for the Vodafone ready cash, You need to have an active Vodafone Cash account and be active on our GSM network.
How to apply for Vodafone cash loan or Ready Cash?
You can apply for the vodafone ready cash By dialling *110# and navigating to option 5 (Financial Services)
What do I need to Qualify for for Ready cash?
You must be at least 18 years to apply and should be using Vodafone for at least 6 months and active on Vodafone cash for at least 3 months. Click here to Learn how to qualify for vodafone cash loan.
Are there any charges to applying for Vodafone Ready Cash?
Yes, the Loan service attracts a fixed monthly interest. This fee is added to the loan amount to give the customer the value to pay back, before or on the due date. When the due date elapses, a penalty fee of 12.5% is applied for defaulting.
How many times can you take a loan on Vodafone Ready Cash?
You can take a vodafone ready cash loan as many as possible, but you only have on loan account at a time.
How will I receive the loan fund?
Vodafone pays your Your loan directly into your Vodafone Cash wallet.
How much is the interest rate for Vodafone cash loan?
The interest is fixed and applied monthly, and will be displayed to you when making your request.
What is the process for repaying my loan on due dates?
Vodafone will deduct it automatically on the due dates.
When can I repay my loan?
Due-date for repayment is fixed on the 30thday after disbursement, but you can repay any time before the due date.
Can I repay my loan through a bank?
No, all repayment shall be from your Vodafone Cash wallet you used for the loan request.
What happens if I can not repay my Vodafone Ready Cash loan on time?
In cases where you are unable to repay your Vodafone-ready cash loan on time, You will be charged an additional rate of 12.5% as a penalty until full repayment is made.
How to qualify for vodafone cash loan
The Vodafone cash loan also known as Ready Cash is a short-term micro-loan given to active and loyal Vodafone customers who are eligible and qualify based on their network behavior.
In order to qualify for the vodafone cash loan, You’ll need to meet the necessary requirements which include having a Vodafone Cash account and be active on their GSM network.
You can qualify for the Vodafone cash loan if you meet the following requirements:
- You must be at least 18 years to apply for the Vodafone cash loan.
- You must be an active user of the Vodafone cash for at least 3 months.
- You must be an active Vodafone user for at least 6 months.
How to register Vodafone cash in Ghana
This article will walk you through the process of registering for Vodafone cash in Ghana. The registration process is simple and painless.
Vodafone Cash Registration Requirement
- A valid Vodafone Sim card
- You will be required to present a valid photo ID as part of the registration process.
How to register vodafone cash in Ghana
Follow the steps below to successfully register vodafone cash in Ghana.
- Visit any mobile money agent or Vodafone retail shop or
- Text “Register” to 558 or dial *558# for self registration or
- Call the Vodafone helpline by dialling 100
How to activate your Vodafone cash account
- Dial *110#
- Select 0 to activate and follow with your secret PIN.
- Enter PIN again to confirm.
How to load your Vodafone Cash account
- Visit a Mobile Money agent or at a Vodafone Retail shop or
- Move funds from your bank account to your Vodafone Cash wallet
Read also: The best sim card to use in Ghana
