Are you in need of an emergency loan in Ghana? You're not alone. Many people are looking for fast and reliable ways to access credit to cover their financial needs. Fortunately, there are many lenders in Ghana that offer mobile money loans with low interest rates and flexible repayment terms. Mobile money loans are short-term loans that can be accessed through a smartphone app.
You can borrow up to 15,000 GHC and return the money in 30, 60 or 90 days, depending on the lender. In this article, we'll show you how to get access to mobile money loans in Ghana and also tell you about some of the best companies that offer them.
Fido Money Lending Limitedis one of the best companies to get fast loans in Accra. It offers a salary advance to all workers, which means you can get some money to cover your finances until your payday.
The company only offers a short-term loan, which you can access without collateral.
BloomKashis a secure and reliable online lender in Ghana. It offers instant mobile money loans and makes it easy for borrowers to access credit anytime, anywhere. Once you borrow some cash from the company, you will have to return it in 91 to 365 days.
CashGhana Limited is one of the best companies to get fast loans in Accra. The company only offers a short-term loan, which you can access without collateral.
Blue Financial Services Ghanaprovides customers with seamless access to credit and is the best company to get emergency loans in Ghana. Process loans and pay them electronically to your bank or mobile money account. Once you apply, the company will give you the cash within 24 hours.
The loan products offered by the company are term and emergency loans. Emergency loans have a repayment period of between 30 and 90 days, while term loans have a maximum repayment period of 48 months.
Interest ratesapplied to loans are competitive and range from 2.62% to 3.96% per month, depending on the repayment period. QuickCredit is a GTBank service that allows retail customers to get instant money for their needs. If you have a bank account with GTBank, you can get a salary advance or borrow up to 100% of your monthly salary.
The bank charges 1.5% for a refund duration of 30 days.
Izwe Savings & LoansOffers Personal Loans That Can Meet Your Current Financial Challenges. You can borrow up to 40,000 GHC within a fixed term of up to 72 months. The company has affordable monthly payments, especially for those working in the public administration.
Ecobankalso offers short-term loans, especially if you are facing an unexpected financial need. It has an advanced facility that gives you access to up to 50% of your net monthly salary.
The loan is renewed every 30 days up to one year, and you incur charges for the amounts used.
Stanbic Bankalso offers a salary advance, an overdraft designed to meet your cash flow needs until your next paycheck or salary credit. The minimum you can access is GHC 100, with no maximum overdraft limit.
MTN Qwik Loanis one of the most common types of mobile money loans in Ghana. It was made in partnership with AFB Ghana and MTN mobile money providers to quickly offer subscribers of MTN's mobile money service.
Smartcash Loanis another type of loan from AFB that allows users to borrow up to 15,000 GHC and return the money in 30, 60 or 90 days. It also has a financial service that allows you to consolidate your debt or apply for a new loan online.
Emergency Loansare interest-free and repayable for a maximum period of six years from the first day of the month following the date of disbursement.These are just some of the best companies that offer mobile money loans in Ghana.
There are many more out there that offer similar services at competitive rates and flexible repayment terms.If you're looking for an emergency loan in Ghana, make sure you do your research before applying for one so that you can find the best deal for your needs.