AhunCash has quickly become a popular lending platform for MSMEs and individuals in Ethiopia, thanks to its instant, all-digital application process. The platform offers business loans from 5,000 ETB up to 500,000 ETB, with repayment terms ranging from 1 month to 12 months. Facility fees of 2% are applied on the loan amount, while monthly interest rates vary from 2% to 3%. What stands out most is that these loans require no collateral and are accessible directly from your smartphone, making borrowing flexible and convenient.

How to Apply: Step-by-Step

• Download the AhunCash app on your mobile device.
• Register using your company and personal information.
• Request the loan amount based on your needs.
• Wait for approval notification, typically within minutes.
• Collect your funds via bank branch or mobile banking.

Pros: Why AhunCash Stands Out

The primary benefit is the fast and simple application process, requiring no collateral or physical guarantees. Most applicants receive decisions within minutes.

Another major advantage is flexible access; funds can be collected via a bank branch or instantly through mobile banking. Such features are a significant plus for MSMEs and individuals facing urgent financial needs.

Cons: Considerations Before Applying

Interest rates are competitive, but can reach up to 3% monthly, which may be higher than longer-term traditional loans. Borrowers should always compare options when considering cost.

In addition, all transactions and communication are digital, which may be less suitable for those less familiar with smartphone financial services.

Verdict

AhunCash is a standout solution for those seeking fast, no-collateral business or consumer loans in Ethiopia. For MSMEs and individuals reliant on quick funding, the convenience and reliability provided are hard to beat.

Always ensure you understand your repayment obligations before accepting any loan offer.