RapidCedi Loan Review: Is RapidCedi Loan App Real Or Fake
Mobile lending platforms have become increasingly popular in Ghana, and RapidCedi is one of the new credit apps offering loans online. With promises of secure and convenient access to personal loans, RapidCedi has attracted many customers.
However, with the rise of online scams, it’s important to ensure the legitimacy of such lending apps before using them. In this article, we will review RapidCedi’s features, requirements, and loan terms while discussing how to verify the authenticity of mobile lending platforms.
About RapidCedi Loan
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:
RapidCedi Loan is one of Ghana’s new credit apps that allows people to borrow and repay money anywhere, anytime with a mobile wallet.
RapidCedi Loan Requirements
- You need a valid ID to qualify for a RapidCedi Loan. 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 RapidCedi Loan
- Download The RapidCedi Loan App: Download the free app from the Google Play store
- Sign Up: Set up your RapidCedi Loan 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
RapidCedi Loan Review
Customer Support Email: info@rapidcedi.com
Address: Liberation Road, Accra, Ghana
Loan Amount: GHS 100- GHS 6000
Loan Term: 91-180 days
Loan Interest: 0.07% per day (1.8% equivalent monthly interest rate only)
Service Fee: 10%-32% (Deductible )
APR:35%-56%
Is RapidCedi Loan Real Or Fake?
Status: RapidCedi Loan is a scam. Use the app at your own risk!
RapidCedi Loan App Download
Download the RapidCedi Loan app from Google Play Store
How To Check For Online Loan App Scam
It can be challenging to determine whether an online loan app is real or fake. However, here are some steps you can take to verify the legitimacy of an online loan app:
- Check for the company’s physical address: A legitimate loan app will have a physical address listed on its website or app. Check the address on Google Maps to ensure it’s an actual location and not just a random address.
- Look for licenses and registrations: A legitimate loan app will be registered with state or federal regulators. Check the app’s website or the regulator’s website to confirm if they are registered.
- Read online reviews: Check for reviews of the app on third-party websites and social media platforms. Reviews can provide insight into the experiences of other users with the app.
- Check the terms and conditions: Read the terms and conditions carefully to ensure that there are no hidden fees or charges.
- Contact customer support: If you have any doubts about the legitimacy of the app, contact their customer support team. A legitimate loan app will have a responsive customer support team that can answer your questions.
- Verify the app’s security: Ensure that the app uses secure encryption methods and has proper security protocols in place to protect your personal and financial information.
By taking these steps, you can reduce the risk of falling victim to a fake online loan app.
Conclusion
Mobile lending platforms like RapidCedi provide a convenient and accessible way for Ghanaians to access personal loans.
However, as with any online financial service, it’s essential to verify the legitimacy of the app before using it. By following the steps outlined in this article, borrowers can protect themselves from potential online loan app scams and make informed decisions about their finances.
I tried to reapply for a loan,but it keeps telling me a code is sent to me by sms ,I have not seen any code.
What can I do?
Check your Message app for the code. Sometimes it’s the network so keep trying
Still my date of birth doesn’t appear on the application
I don’t want the loan again take it from my account 0559099221
Call RapidCedi instead.
Please can I get RapidCedi contact number?
Please I haven’t seen the RapidCedi Loan contact online yet.
How long does it take for them to increase the loan amount when paid?
Hello, Ernest
Please it’s a gradual process. Once you apply and you repay, your loan amount will increase.
Please how will I repay the money because I’m trying but it’s not coming, like I’m not receiving any alart please help now or better still give me the number
Please how were you able to get the loan?
How do I repay back any code
Pay through the app.
Pls, how do l repay my loan
Use the app to repay your loan.
This rapid cedis is a scam. Its not registered. They will be frustrating you here and there. I advise everyone not to try.
I’ve made payment hours ago and I’ve not been cleared
Please how do I repay my loan back
Please pay through the app.
Please give me the steps to repay my loan
Please use the app to repay your loan.
My phone was in my pocket but I think it’s pressing its self so it’s has apply for a loan and has been given 100 cedis but I don’t need it.how can I have their contact to tell them reverse it or I won’t pay ..so I need their number office line.
Hello Galahad,
Well understood but I don’t think these people will reverse the money.
I want to pay back the money, but don’t know how?
No contact number or guidelines in repayment. Please if anyone has their contact, kindly send it to me didn’t meant to be loaned with any money .
Please you can repay your loan through the app.
I want to repay loan but the system is not picking
Hi
Keep trying
I want to pay my loan but system keep on disappointing me
Hey
Am trying to get loan for the pass a mouth now , is not working through
Please is your guys on hold ???
Or I don’t deserve it ??
Hello
Maybe you didn’t meet their requirement.
Is your app no more working
I want to register my account and apply but they are just telling me network failed try again later
rapidcedi has been confirmed as a scam. It’s better not to use their app