Accra, December 1, 2017//-MTN Ghana has partnered afb Ghana to launch “Qwikloan” service to provide convenience to their customers in times of need to enable them solve financial problems.
The service which has been piloted for some months was officially launched on Wednesday. It is fast, easy, and convenient which enables customers to access loans using their MTN mobile money platform, according to officials at the launch.
The General Manager for Mobile Financial Services at MTN Ghana, Eli Hini, added that with “Qwikloan, customers do not have to go through the hustle to provide proof of collateral in order to access the loan”. Qwikloan is an instant way to access a cash loan, at any time for any purpose from your Mobile phone”.
He said: “Customers can access up to GH¢1,000. All you have to do, is just use MTN Mobile Money and airtime more frequently and also commit to repay your loans on time in order to have access to more loans”.
MTN customers simply have to dial *170# and choose option 6 to access the Qwikloan”.
Customers can have access to this loan only if; they frequently performed the transactions on Mobile Money by sending and receiving money, purchase airtime, pay bills among others.
Mr Hini was to say if one’s MTN Mobile Money wallet activity is too low, or the customer have not used the wallet at all, he or she may not be able to qualify for a Qwikloan.
Using a single MTN SIM for all airtime and Mobile Money activities is very necessary with respect to the Qwikoan.
To access the loan, the customer have to be above the age of 18, be an MTN customer for more than 90 days, and simply deposit money into his or her MTN Mobile Money wallet before the due date to repay the loan, according to Mr Hini.
The loan amount would automatically be deducted from one’s wallet. Qwikloan is a 30-day loan. At the end of 30 days, the loan is repaid in one single amount at a fee of 6.9 per cent and it does not need a bank account to access it.
“You can repay your loan manually at any time, by selecting the Repay loan option on the Qwikloan menu” he said.
Customers can only have one active Qwikloan at a time, but once the loan has been repaid, they can apply for another loan. “There are limits to the number of loans a customer can take in a day or a week so you may have to wait for a few days before taking another loan after repaying”, Mr Hini stated.
The General Manager afb Ghana, Arnold Parker, added that the service would motivate them to scale up and offer more financial inclusive products and services to over a million of customers in the informal sector.
He said: “We trust Ghanaians and we have given them loans, we believe that they will pay back on time.”
African Eye Report
