Floan Review: Is Floan A Scam Or Legit

Posted on November 22, 2022 by Yhang Mhany

Table of Contents

About Floan

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

Floan Loan Requirements

You need a valid ID to qualify for a Floan 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 Floan Loan

Download The Floan App: Download the free app from the Google Play store
Sign Up: Set up your Floan 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

Floan Review

Customer Support Email: service@floan.live

Take Note

Funds recovery is another type of fraud, be aware!

Check these legit pages

Phone Number: 0273881884

Maximum Interest Rate per year: 70%

Maximum APR: 70%

Loan term: 90-365 days

Loan amount: GHS 100 – GHS 10000

If the loan amount is GHS100, the loan term is 180days, and the Interest rate is 25%, the total service fee should be GHS100 * 25% = GHS25. The total amount must be paid: 100+100*25%=GHS125. No other extra debt payments are required.