CashTree is one of the most popular credit lending applications in Ghana. With the aim of providing high-quality loan services to mobile users, CashTree takes pride in its simple, convenient process that does not require complex credit histories. With its outstanding benefits and features, the CashTree App becomes a reliable partner for those in need of quick and convenient financing.
Reasons to choose CashTree
No Credit History Required
CashTree does not require users to have a perfect credit history to apply for a loan. This provides convenience for individuals who have never borrowed before or lack credit history with traditional banks.
Digital and Paperless Process
With a simple and digital process, users can apply for a loan within minutes directly on their mobile phones. No time-consuming and complicated paperwork is needed, saving time and effort for borrowers.
Efficient Application Assessment
CashTree utilizes effective application evaluation technology to assess users’ repayment capabilities. This increases the chances of successful borrowing for those with a proven ability to repay on time.
Reasonable Interest Rates and Processing Fees
CashTree offers reasonable interest rates, capped at a maximum of 24% per year. Processing fees are carefully calculated and deducted from the loan amount, ensuring transparency and fairness for borrowers.
Large Loan Amounts and Flexible Terms
CashTree allows users to borrow up to GH₵ 15,000 and choose repayment terms ranging from 120 to 360 days. This provides borrowers with flexibility in selecting loan amounts and repayment periods that suit their financial situation.
Quick and Convenient Disbursement
Upon loan approval, users will receive the funds in their wallet account within 24 hours. The fast and convenient disbursement process enables borrowers to access the needed funds immediately.
24/7 Customer Support
CashTree is committed to providing 24/7 customer support, allowing users to reach out and receive assistance anytime, anywhere. This ensures that borrowers always have support and answers to their inquiries throughout the app usage.
Personal Data Security
CashTree ensures the security of users’ personal information through 256-bit SSL encryption. All transactions are conducted safely, and personal data will never be disclosed to anyone or any third party without the customer’s explicit permission or consent.
Loan Product Information
Loan Amount and Repayment Term
- CashTree allows users to borrow up to GH₵ 15,000.
- The repayment term is flexible, ranging from 120 to 360 days, allowing borrowers to choose a repayment period that suits their personal financial situation.
Interest Rate and Processing Fee
- The maximum daily interest rate is not more than 0.02%, equivalent to a maximum of 24% per year, ensuring transparency and ease of management for the loan.
- The processing fee is calculated based on the total loan amount and includes gateway charges, credit fees, and VAT. The fee is deducted from the loan amount, ensuring borrowers receive a clear and fair amount.
Credit Assessment and APR
- CashTree utilizes an efficient application evaluation to determine users’ repayment capacity and loan eligibility.
- The Annual Percentage Rate (APR) of CashTree can go up to 24%, calculated based on the accrued interest and fees over the loan period.
Conditions and Application Process at CashTree
- CashTree is intended for residents of Ghana, ensuring that the service caters only to local citizens.
- Users must be between 20 to 60 years old to meet the registration requirements.
- A monthly income is required to ensure repayment capability.
Step 1: Users simply need to download and install the CashTree App APK/IOS from cashloanapp.net
Step 2: After installation, users will proceed to register an account by providing the required basic information.
Step 3: CashTree will conduct a credit assessment based on the provided information. If the loan application is approved, the user will receive a notification via SMS.
Step 4: The approved loan amount will be credited to the user’s bank account within 24 hours, and they will receive an SMS notification to utilize the loan as needed.
Note: The information provided by users to CashTree must be accurate and complete. If incorrect or dishonest information is provided, the registration application will be immediately canceled.
Contact Information for CashTree
If you are interested in the CashTree app or need support regarding credit lending services, you can reach them using the following information:
- Email: [email protected]
- Address: MCX4+W26, Eastern By-Pass, Kumasi, Ghana
CashTree is committed to providing 24/7 customer support, so you can contact them and receive answers to any inquiries, requests, or assistance anytime, anywhere.
Some Frequently Asked Questions
Do I need to have a good credit history to apply for a loan at CashTree?
No, CashTree does not require you to have a good credit history to apply for a loan. The app uses efficient application evaluation technology to assess your repayment capacity.
How much can I borrow and what is the loan term?
You can borrow up to GH₵ 15,000 and choose a loan term ranging from 120 to 360 days, depending on your needs and financial capability.
What are the interest rates and processing fees at CashTree?
The maximum daily interest rate is not more than 0.02%, equivalent to a maximum of 24% per year. The processing fee includes gateway charges, credit fees, and VAT, calculated based on the total loan amount. This fee is deducted from the loan amount, ensuring you receive a clear and fair amount.
How long does it take to receive the funds after the loan application is approved?
Once your loan application is approved, the borrowed amount will be credited to your wallet account within 24 hours.
How is my personal information secured at CashTree?
All transactions at CashTree are secured through 256-bit SSL encryption. The app ensures not to disclose your personal information to anyone or any third party without your permission or consent.
CashTree is a popular credit lending application in Ghana, offering mobile users a convenient financing solution without the need for a credit history. With its simple process, reasonable interest rates, and commitment to safeguarding personal information, CashTree App becomes an attractive choice for those in need of quick and easy borrowing.