These apps gives loans for free!

In this video, we’re going to show you how to get loans for free! One app is Ghanaian and focused on small-time business owners – Bloom Impact; and the second is Nigerian and focused on individuals who need quick cash – PayLater.

Watch and get the details for the next time you are in a financial crunch.

Show Notes:

Every young person has gone broke at least once in their life, so today we’re sharing two useful apps that can help you get quick loans without going to the bank or giving any collateral.

Paylater.ng

You can find it on the Android play store, not on iOS yet.

Steps to use this app

– Download it and make sure you read the terms and conditions
– Then you introduce yourself and give your financial history ( you might spend a lot of time here)
– Then you quote the amount you want and you receive it within five minutes.
– Repaying your loan is where it gets real. Sometimes the interest rate is high as 40%, this is definitely something to keep in mind.

It’s only good when you need money desperately and immediately, and know that you can pay back as soon as a week/month from then.

Bloom Impact

You can find it on the Android play store, not on iOS yet.

Steps to use this app

It’s quite similar to PayLater’s process.