WewoCash Loan Review, Interest Rate, How to Apply

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WewoCash presents an easy and accessible online loan platform tailored for Myanmar citizens, providing swift loan approvals within 24 hours.

In this blog post, we’ll delve into the interest rates, requirements, application process, app download, contacting customer care, and legitimacy of WewoCash Loan.

Interest Rate

WewoCash offers loan terms ranging from 91 days to 180 days, with loan amounts spanning from 30,000 to 600,000 MMK.

The maximum Annual Percentage Rate (APR) stands at 25% per year, encompassing all interests and processing fees.

For a clearer understanding, consider a loan of 3,000 MMK for a term of 91 days:

  • Total Interest: 3,000 MMK * 91 * 0.09% = 245.7 MMK
  • Processing Fee: MMK 3,000 * 14% = MMK 420 (including 14% IVA of the processing fee)
  • Amount Disbursed: 3,000 MMK – 420 MMK = 2,580 MMK
  • Total Repayment: 3,000 MMK + 245.7 MMK = 3,245.7 MMK

Every month, you would pay interest of 81.9 MMK and a principal amount of 1,000 MMK, summing up to a monthly repayment of 3,081.9 MMK.

It’s crucial to be aware that interest rates may fluctuate, so ensure you are well-informed about the current rates before proceeding with your loan application.

WewoCash Loan Requirements

To qualify for a WewoCash Loan, you need to meet the following criteria:

  1. Citizenship and Age: Be a Myanmar citizen aged between 21 and 60 years, possessing a valid ID.
  2. Valid Mobile Number: Have an active and valid mobile number.

Meeting these criteria is vital for loan approval.

How to Apply for WewoCash Loan

The application process for a WewoCash Loan is straightforward and user-friendly:

  1. Download the App: Visit the Google Play Store and search for “WewoCash Loan.”
  2. Install the App: Select the official WewoCash Loan app from the search results and click “Install” to download and install the app on your device.
  3. Register: Open the app, register with your details including a valid mobile number, and set up your account.
  4. Loan Application: Complete the loan application by providing the necessary information and specifying the loan amount you require.
  5. Approval and Disbursement: Wait for loan approval, typically within 24 hours. Once approved, the loan amount will be credited to your account, and you’ll receive a notification via SMS.

WewoCash Customer Care Contacts

WewoCash ensures excellent customer service and support for its users. If you need assistance or have queries, you can reach out to WewoCash customer care through the following channels:

  • Email: Contact them via email at wewo.cash.mm@outlook.com.
  • Website: Visit their official website at wewocash.com

For prompt assistance and inquiries, don’t hesitate to contact them.

Is WewoCash Loan Legit?

Yes. WewoCash Loan is a legitimate online loan platform designed to provide financial assistance to Myanmar citizens conveniently.

However, it’s essential to exercise caution and carefully read and understand the terms and conditions before proceeding with a loan. Companies and policies can change over time, so it’s advisable to deal with them at your discretion and ensure the terms align with your financial needs.

WewoCash Loan stands as a reliable online solution for quick and accessible loans in Myanmar. Be sure to review and comprehend the terms before applying, and make informed decisions that suit your financial situation

All rights reserved. Do not copy, rewrite or republish this content, in part or in whole, without proper credit to the source.

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About the Author: Femi Olawole

Femi Olawole is a seasoned blogger with interest on providing helpful Contents on online loan apps, Tech and Business.

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