CediMall Review: Is CediMall Loan Real Or Fake

Posted on December 20, 2022October 13, 2023 by Yhang Mhany

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About CediMall

CediMall is one of Ghana’s new credit apps that allows people to borrow and repay money anywhere, anytime with a mobile wallet.

According To CediMall; CediMall is an instant loan app in Ghana. It makes it easy for you to obtain a loan from your smartphone from anywhere at any time.

CediMall Requirements

You need a valid ID to qualify for a CediMall. ID Type should be, Driver’s License, NHIA Membership, Voter ID, National ID, or Passport
You must be a resident of Ghana over 18 years of age
Mobile Money account: MTN Mobile Money or AirtelTigo Money registered in your name for at least two months.

How To Apply For CediMall

Download The CediMall App: Download the free app from the Google Play store
Sign Up: Set up your CediMall account by filling in your personal in the app
Select Product: Select your loan terms and conditions
Get Approved: Approval is in real-time. Once approved the funds will be disbursed to your Mobile Money account

CediMall Review

Be very cautious if someone tells you they can get your funds back from a scam. Sadly, funds recovery is often another type of fraud. Here are some legitimate platforms I've written about so far:

Customer Support Email: cedimallgh@gmail.com

Address: NO.53 Laty-Atomic Rd, Accra, Ghana

Loan app interest rate (APR, min to max): 15% to 25% per annum

Loan Amount: GHC 1,000—GHC10,000

Duration: 180 days to 12 months

Service charge: 0%

For Example

Credited to GHC 1000 at 15% APR (per annum) for 6 months

Loan interest = GHC 1000 x 15 %/2=GHC 75

The total loan to be repaid is GHC1075 (GHC 1000 + GHC 75)

Monthly repayment GHC 179.17= GHC 1075/6