Ultra Loan Review: Is Ultra Loan Real or Fake
Introduction
Mobile lending platforms have become increasingly popular in Ghana, and Ultraloan is one of the new credit apps offering loans online. With promises of secure and convenient access to personal loans, Ultraloan 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 Ultraloan’s features, requirements, and loan terms while discussing how to verify the authenticity of mobile lending platforms.
About Ultraloan
Ultraloan is one of Ghana’s new credit apps that allows people to borrow and repay money anywhere, anytime with a mobile wallet.
According To Ultraloan; Ultraloan provides great online loan products in Ghana. Personal loans, Ultraloan deposits loans securely. With no credit guarantees, the user can get cash loans online at Ultraloan, safely and securely. Ultraloan offers the best loan service to the customer with low fees and no hidden costs. It mainly offers 91 – 150 days loan products.
Ultraloan Requirements
- You need a valid ID to qualify for an Ultraloan. 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 Ultraloan
- Download The Ultraloan App: Download the free app from the Google Play store
- Sign Up: Set up your Ultraloan 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
Ultraloan Review
Email Address: info@ultraloan.net
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:
Address: Accra-Central GA-183-8164, Accra, Ghana
Phone Call/WhatsApp: Unknown
Loan Amount: GHC1000 – GHC10000
Loan Term: 100 days to 365 days
Loan interest: from 10% to 28% per annum.
Maximum Annual Interest Rate（APR）: 28%
Service Charge: 0%
Is Ultraloan Real Or Fake?
Status: Ultraloan might be a scam. Use the app at your own risk!
Ultraloan App Download
Download the Ultraloan app from Google Playstore
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 Ultraloan 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.