Cash2Pocket

Cash2Pocket Loan – What is it?

Here’s how it works:

Application

Apply online for up to GHS 3,000† from home or on the go with your mobile device

Decision

Submit your application to receive a loan decision

Funding

If approved, get cash sent within 10 minutes after approval

Repayment

Repay between 3 and 12 months NOTE: When a loan application is submitted, a full application search record is also created. If a credit report shows that too many application searches have been attempted in a short period of time, it could signify great financial need or identification fraud.

Make sure you meet these requirements before applying:

  • • Have a valid bank account or cashBagg account with B-One Services
  • • Receive an income through employment or salary from Controller & Accountant General Dept.
  • • Be a resident of Ghana
  • • Be at least 18 years old

With the Cash2Pocket LoanBuilder, choose to repay your personal loan between 1 and 12 months with the following options: cashBagg account or Mobile Wallet . Your regularly scheduled payments will be automatically withdrawn from your mobile wallet on your due dates. Direct Debit Authorisation. Use this option if you don’t have a debit card. Your regularly scheduled payments will be automatically withdrawn from your bank account on your due dates.

Scenarios

  • • School fees
  • • Emergencies
    • o Medicals
    • o Auto breakdown
    • o Funerals
    • o Family responsibilities etc
  • • Susu scheme/micro-finance
  • • Commercial banks
  • • Employer
  • • Family or friends
  • • Cash2Pocket is a financial product developed by B-One in partnership with a cashBagg Services.
  • • Cash2Pocket is a set of Bank products which combines technology with traditional financial services to offer convenience to beneficiaries and employers
  • • Cash2Pocket provides an avenue for salaried workers to obtain the following:
  • • Instant payday loans
  • • Instant pre-approved Micro loans
  • • Comprehensive Insurance pre financing
  • • Provides an alternative financial support to employers to relieve them of regular financial demands from employees
  • • Employer /HR sign up contract document to indicate membership of cashBagg or Cash2Pocket
  • • Employer/HR enrolls interested employees on to the platform
  • • Employees’ initial data is fed into the enrollment template (personal data & monthly contributions)
  • • Employer/HR sends monthly contributions (schedule) and a single cheque to B-One for capturing
  • • cashBagg sends a transactional SMS alert to employee.
  • • Customer calls Cash2Pocket (Contact Center)
  • • IVR/Contact agent receives request, validates and processes request
  • • Customer account is debited
  • • An alert is sent to the Customer upon completion
  • • Prospective Customer dials a USSD Code to apply for a loan...or
  • • Customer calls Cash2Pocket (contact center- +233-050 140 0488 or 050 140 0486) to place a request
  • • IVR/Contact Center agent validates caller and receives request
  • • Request is processed and user account is credited
  • • An alert is sent to the user upon completion
  • • Customer calls IVR/Contact center
  • • Customer goes through a validation process
  • • Update is received and processed
  • • An alert is sent to the Customer upon completion
  • • Caller calls +233-050 140 0488 or 050 140 0484 and interacts with an IVR or contact center agent
  • • Caller follows prompt for self service or interacts with contact center agent for further assistance
  • • Monthly contributions and deductions will be done at source.
  • • Contribution amount can only be changed subject to management approval
  • • There is a 5% interest earned on deposits
  • • Loan requests can be up to GHS 10,000
  • • There is a 1% loan processing fee minimum GHS 20
  • • Loan requests attract a 3 - 5% interest rate
  • • Loan tenor has a maximum 6 - 24 months period and is subject to change
  • • All loans are insured
  • • A participant has to be an active contributor to be eligible for a loan.
  • • Apply Now
  • • Sms To *447*33#
  • • Visit us at...www.b1africa.com
  • • Features & Benefits Eligibility Criteria
  • • Personal loan eligibility for Salaried Employees
  • • Salaried Doctors, employees of selected Mobile Network Operators, Public and Private limited companies, Government sector employees including other employees whose salaries are paid through the Controller and Accountant General Department:
  • • Minimum age of applicant: 21 years
  • • Maximum age of applicant at loan maturity: 55 years
  • • Minimum Net Monthly Income: GHS 250
  • • Maximum loan available: GHS 5,000

050 140 0488
030 340 0768