Many lenders in Ghana have developed mobile applications to help users borrow money to stay afloat until payday. Mobile money loans in Ghana offer short-term loans with low interest rates. You can use them to borrow up to 15,000 GHC and return the money in 30, 60 or 90 days, depending on the lender. Unlike before, nowadays you can easily borrow money from your smartphone.
Here is a list of 15 mobile money companies that will grant you an instant loan through an app. Unlike other services, Fido does not have any hidden charges. The lender displays all the costs associated with borrowing a loan in the application. Borrowers can apply for up to 200 GHC and repay between 10 and 33 days.
BloomKash is 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.
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. Blue Financial Services Ghana provides 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 rates applied 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 %26 Loans Offers 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. Ecobank also 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. You can apply for a loan online and wait at least 48 hours for the company to process your application and credit the amount to your account. Once you purchase it, you can refund it through multiple options, including mobile money, direct debit, bank transfer and cash or check deposited into the company's bank account. Stanbic Bank also 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. It's easy to borrow mobile money in Ghana because of the many lenders available today. You can borrow up to 15,000 GHC and return the money in 30, 60 or 90 days. Some of the best instant loan companies that will lend you cash through a smartphone app are Fido Money Lending Limited, BloomKash and UMB SpeedApp.
Fido loans are provided by Fido Micro Credit (FIDO), a financial institution based in Accra. Fido microloans are private money lenders in Accra, who offer loans through their app to anyone who has a valid ID and a mobile money account, without guarantees or guarantors. For first-time borrowers, they are eligible to receive a maximum of 200 Ghanaian Cedis to be repaid within 10 to 33 days. However, as a person continues to borrow, their creditworthiness increases to receive higher sums at discounted interest rates.
Interest rates start at 14% for 30 days for new customers and drop to 8% for 30 days for returning customers. Another way to get a mobile money loan in Ghana is through the lending institution FIDO. FIDO Money Lending Limited (FIDO) is a financial institution based in Accra, licensed by the Bank of Ghana. Fido is a Ghanaian financial institution that offers loans.
This company is licensed to operate in Ghana and focuses on offering short-term loans to its customers. No guarantee, guarantor or application fees required for a Fido loan. If not, the processing time could even exceed the period for which you urgently needed the loan, rendering the purpose of the loan useless. While many banks in Ghana are willing to give you money, the process can be lengthy and there are no guarantees that you will be approved for a loan.
Ghanaians generally avoid lending opportunities when it comes to some form of collateral, as it poses an excessive risk to their livelihoods, which has opened the gateway to mobile money lending. Mobile money loans in Ghana may be just what you need to get back on track when you're in a financial crisis. After a successful application, you will receive your loan within 24 hours in your mobile wallet. MTN QWIKLOAN (pronounced quick loan) is a service that offers MTN mobile money subscribers the ability to apply for a loan with their mobile money wallet.
The “guarantee” with respect to this loan is the frequent use of MTN Mobile Money, as well as the commitment to repay previous loans in time to access more loans of larger sums. As a Ghanaian, you must be subscribed for money to any network to apply for a loan with this application. Alright, the ones mentioned above are some of the mobile money or fast loan apps in Ghana that you can apply for today. Over time, the loan application Aella Credit has become one of the best and fastest mobile money lending apps in Ghana.
Many of you may have already heard of the MTN Qwik loan, as it is one of the most common types of mobile money loans in Ghana. Alla Credit Loan application, branch loan application, Fairmoney loan application, kiakia loan application, fido loan application, paylater loan application. If you are unemployed in Ghana and need any loans to get going, try Orbit money loans. Let us know in the comment if you have any mobile money loan providers in Ghana that you think should also be listed, but we are not included here.
This has created the avenues for mobile money loans in Ghana, which can be accessed in the shortest possible time, and some even grant the service almost instantly. . .