CoolCash Loan App: Quick and Convenient Financial Assistance

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Derrick Kamau
June 04, 2023
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APKTOKO.NET-In today’s fast-paced world, where unexpected expenses can arise at any moment, having access to a reliable and convenient loan platform can be a lifesaver. CoolCash loan app is a trusted platform designed specifically for mobile users, offering a seamless loan application process with competitive interest rates and favorable terms. This article will delve into the details of CoolCash, highlighting its secure application process, simple steps, eligibility criteria, product features, and the security measures it takes to protect customers’ data.

The Loan Application Process in CoolCash loan app

Security and Convenience

When it comes to financial matters, security is of utmost importance. CoolCash loan app understands this concern and prioritizes the safety of its customers’ information. The platform employs robust security measures to ensure that all data shared during the loan application process remains confidential. You can rest assured that CoolCash will not share your personal details with any third-party departments, guaranteeing the privacy and security of your information.

Next Loan Without Documentation

One of the standout features of CoolCash loan app is the ease with which customers can access subsequent loans. Once you have successfully repaid your initial loan on time, you can apply for your next loan without the need for any additional documentation. This streamlined process saves you time and effort, allowing you to receive the funds you need promptly and hassle-free.

The Simple 3-Step Application Process

CoolCash simplifies the loan application process, making it accessible to all mobile users. With just three easy steps, you can apply for a loan and receive approval swiftly.

Step 1: Sign up

To get started, you need to create an account on the CoolCash platform. The sign-up process is quick and straightforward. You will be required to provide basic personal information and create a secure password. Once your account is created, you can proceed to the loan application.

Step 2: Apply for a Loan

After signing up, you can proceed to fill out the loan application form. The form will require you to provide necessary details, such as your name, contact information, identification documents, and mobile money account details. CoolCash accepts valid IDs such as Voter’s ID, Passport, and Ghana Card. Additionally, you will need to have a mobile money account registered in your own name with MTN, Vodafone, or AirtelTigo.

Step 3: Wait for Approval

Once you have submitted your loan application, CoolCash’s dedicated team will review your information promptly. They will assess your eligibility and the loan amount you qualify for based on your application. You will receive a notification regarding the status of your loan application, providing you with a decision on approval.

Application Conditions

To be eligible for a loan through CoolCash, you need to meet the following conditions:

  1. You must be 18 years of age or above.
  2. You must be a citizen of Ghana.
  3. You must possess a valid identification document, such as a Voter’s ID, Passport, or Ghana Card.
  4. You must have a mobile money account registered in your own name.
  5. CoolCash accepts MTN, Vodafone, and AirtelTigo mobile money wallets.

Meeting these criteria ensures that you can take advantage of CoolCash’s services and access the financial assistance you need.

Product Features

CoolCash loan app offers a range of features that cater to the diverse financial needs of its customers.

Loan Amount in CoolCash loan app

With CoolCash, you can apply for loan amounts ranging from GHS1,000 to GHS10,000. This flexibility allows you to choose the loan amount that best suits your requirements, ensuring you can address your financial obligations effectively.

Loan Term

The loan term offered by CoolCash spans from 180 days to 360 days. This extended period allows for manageable repayment plans, giving you the freedom to select a loan term that aligns with your financial situation and repayment capabilities.

Loan Interest

CoolCash offers competitive interest rates on its loans, ranging from 10% to 25% per annum. The specific interest rate applicable to your loan will depend on factors such as the loan amount, term, and your eligibility. The interest is calculated based on the outstanding principal balance.

Maximum Annual Interest Rate (APR)

CoolCash ensures transparency by providing a maximum annual interest rate (APR) of 25%. This rate acts as a cap, ensuring that customers have clarity regarding the potential interest costs associated with their loans.

An Illustrative Example

To provide a better understanding of how the loan repayment works, let’s consider an example. Suppose you apply for a loan of GHS1,000 with a term of 365 days and an annual interest rate of 20%.

The interest for 365 days would be calculated as follows:

GHS1,000 x 20% = GHS200

Therefore, the total repayment amount for this loan would be:

GHS1,000 + GHS200 = GHS1,200

This example highlights how the interest and total repayment are determined, allowing you to make informed decisions based on your financial capabilities.

Security Measures for Customer Data

CoolCash takes the security of customers’ data seriously. All personal information shared during the loan application process is stored securely and treated with the utmost confidentiality. CoolCash ensures that customers’ data is not shared with any third-party departments, providing peace of mind regarding the safety of your information.

Customer Support and Contact Information in CoolCash loan app

CoolCash is committed to providing excellent customer support. If you have any inquiries or require assistance, you can reach out to the dedicated customer service team through the following channels:

  • Customer Service Email:
  • Address: 56PQ+H160, Holy Cross Catholic Church Road, Tamale, Ghana

The customer support team is ready to address any concerns or queries you may have, ensuring a smooth experience throughout your interaction with CoolCash.


CoolCash emerges as a convenient and reliable platform for mobile users seeking quick and accessible loans. With its secure application process, simple three-step application, and competitive interest rates, CoolCash aims to provide financial assistance that meets the unique needs of its customers. By adhering to stringent security measures and offering top-notch customer support, CoolCash demonstrates its commitment to ensuring a positive and trustworthy borrowing experience.

Frequently Asked Questions (FAQs)

  1. Can I apply for a loan if I am below 18 years of age?
    • No, the minimum age requirement for a CoolCash loan app is 18 years or above.
  2. What identification documents are accepted by CoolCash?
    • CoolCash accepts valid identification documents such as Voter’s ID, Passport, and Ghana Card.
  3. Can I get a loan if I am not a citizen of Ghana?
    • No, CoolCash extends its services exclusively to citizens of Ghana.
  4. Are there any additional fees or hidden charges associated with CoolCash loans?
    • No, CoolCash ensures transparency in its loan terms, and there are no hidden charges or additional fees.
  5. What should I do if I encounter any issues or require assistance during the loan application process?
    • You can contact CoolCash’s customer support team via email at They will be happy to assist you and address any concerns you may have.

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