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Updated
18/02/2024
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Version
1.1.1
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Description

Borrowing money often proves to be quite challenging, especially when engaging in unsecured and secured loans through traditional financial apps with complex procedures. However, nowadays, there are numerous online loan apps where residents of Zambia can apply for loans up to K20,000 without complicated formalities. One such app is Rapid Loan Pro.

Introduction to Rapid Loan Pro:

Rapid Loan Pro is similar to other online lending platforms in the market. All allow individuals to borrow money through their mobile phones. With just a few simple steps, you can borrow up to K20,000 without the need to provide personal information. This model has become increasingly popular in recent years, attracting millions of participants and effectively addressing personal economic hardships.

Rapid Loan Pro is a financial app that facilitates online money lending through straightforward registration steps and only requires personal identification documents. The app does not access contacts and bother relatives. Borrowing money is done solely online, without the need for face-to-face meetings or collateral, only requiring identity verification documents to promptly resolve urgent cash needs.

Who can use the services of Rapid Loan Pro?

The eligible applicants for Rapid Loan Pro must meet the following criteria:

  • Age: Customers should be between 18 and 60 years old.
  • Supported Region: Zambia
  • Documentation: Only personal identification documents and a passport are required.
  • Disbursement: An ATM card or bank account is necessary to receive disbursements.
  • Contact: Must possess a valid phone number.

Information regarding the loans provided by Rapid Loan Pro:

The product offered by the Rapid Loan Pro app is in the form of loans, so it’s essential to understand the following:

It’s certain that borrowing money through the app carries higher interest rates compared to unsecured loans from traditional banks. Since borrowing and repayment are straightforward, there’s no need to prove income or have all the necessary documents required by banks for loan approval. However, the interest rates through the app must still adhere to permissible limits. Thus, depending on the quality of the customer’s loan application, the interest rate applied to the wallet will generally be less than 24%.

The borrowing limits of this app are highly flexible, ranging from K100 to K20,000, allowing customers to choose based on their personal financial needs. Rapid Loan Pro suggests suitable borrowing amounts for customers to select from. And these loans need to be repaid within a period ranging from 89 to 366 days.

The steps to register for a loan with Rapid Loan Pro:

To complete the loan process with Rapid Loan Pro, customers need to go through the following basic steps:

-1: Download the application from loanapp.store on your smartphone and complete your profile with necessary personal information. To register an account, a phone number is required. For a higher approval rate, it’s recommended to choose a number used for over 4 months. Complete the registration and obtain an OTP to activate the account.

-2: Register for a loan with personal identification documents. After completing the registration, wait for about 17 minutes for loan approval. The assessment staff will contact you to verify information and inform you of the approved loan amount.

-3: If the application is approved, the funds will be disbursed directly into your bank account immediately.

In addition to the simple procedures and 100% online support, the app also has a customer care team available 24/7 to assist you. For any inquiries regarding loan application procedures, you can call the hotline within the app.

Frequently Asked Questions about Rapid Loan Pro

The commonly addressed inquiries received by the Rapid Loan Pro hotline are as follows:

What documents do I need to prepare to apply for a loan?

The minimum documents required by Rapid Loan Pro to apply for a loan include verified personal identification documents and a facial photo of yourself.

Depending on the product you choose using Rapid Loan Pro, you may need to provide additional income proof (not mandatory) (e.g., bank statements, employment contracts, vehicle registration…) or be entitled to more favorable loan options based on other product-related documents. These documents specify the amount, interest rate, and term of the loan.

When will I know the result of my loan application?

You will usually be notified of the result immediately after completing your application. If Rapid Loan Pro requires more information from you, we will contact you as soon as possible. The approval result will be updated through the app.

Of course, borrowing from Rapid Loan Pro may not be as secure as borrowing from major banks due to significantly higher interest rates and additional fees. However, we cannot disregard the convenience that loans facilitated by Rapid Loan Pro offer to customers. The app has successfully assisted over 225,000 customers with disbursements, so if you have an urgent financial need, you might consider utilizing the service here

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