What Is WaveLoan?
WaveLoan is designed to offer safe, convenient, and secure cash or online cash loans to users in Ghana.
To build your credit line and enjoy lower interest rates, make timely loan repayments or complete tasks to increase your limit.
Eligibility to Borrow:
- Must be a resident of Ghana
- Must be over 18 years old
How to Apply for a Loan:
- Register
- Choose your loan amount and apply
- Wait for approval
- Receive your funds
Benefits of Using WaveLoan:
- Entirely online process with 24/7 access
- Automated computer assessments
- No fees for unsuccessful applications
- Secure handling of customer information
- No need for a credit history
Loan Details:
- Loan Amount: Up to GHS 13,000
- Loan Term: From 91 days to 360 days
- Interest Rate: Between 10% and 27% per annum
- Maximum Annual Percentage Rate (APR): 27%
- Origination Fee: 5%
- Technology Provider Charge: 1%
Example Calculation: For a GHS 13,000 loan with a 180-day term and an annual interest rate of 9.12%, the costs break down as follows:
- Daily Interest Rate: 9.12% / 365 = 0.025%
- Interest for 180 Days: GHS 13,000 x 0.025% x 180 = GHS 585
- Origination Fee: GHS 13,000 x 0.05 = GHS 650
- Technology Provider Charge: GHS 13,000 x 0.01 = GHS 130
Total Repayment Amount: GHS 13,000 + GHS 585 + GHS 650 + GHS 130 = GHS 14,365
CONTACT WAVELOAN
Customer Service Email: service@orangeloantech.com
Address: No. 12 Nkrumah Avenue, Accra, Ghana