Are you looking for a way to get an instant loan in Ghana? With the introduction of mobile money services and the advancement of security and cybercrime controls, gaining access to fast loans in Ghana is now simpler and easier than ever. Many lenders 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.In this article, we will discuss the different types of instant loans available in Ghana and how you can access them.
We will also provide a list of 15 mobile money companies that will grant you an instant loan through an app. Read on to learn more about getting an instant loan in Ghana.
Fido Money Lending Limited· Fido 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.
Borrowers can apply for up to 200 GHC and repay between 10 and 33 days. Unlike other services, Fido does not have any hidden charges. The lender displays all the costs associated with borrowing a loan in the application.
BloomKash· 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· 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 Ghana· 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· 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 & Loans· Izwe Savings & 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· 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.
Stanbic Bank· 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.Fill out the online application form with your personal, employment and financial details.
Get a fast loan at affordable rates to meet all your business needs, such as equity financing, fixed asset financing, working capital, etc. He said that customers can access this loan only if; they frequently make transactions in Mobile Money by sending and receiving money, buying airtime, paying bills among others.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. With the introduction of mobile money services and the advancement of security and cybercrime controls, many companies today do not require collateral before granting a loan to their customers.Therefore, providers can only give you the lending basis of your MoMo transactions and also the commitment to the service. Izwe has four ways to apply for a loan, including through its call center, agent network, Izwe branch, request a callback and online.
Most mobile money companies in Ghana also help evaluate the affordability of the loan you are applying for.In conclusion, these are 5 loans in Ghana that you can access without collateral, of which they have different offers but they are sure to deliver their proposal to offer fast mobile money loans in Ghana. As long as you are a subscriber of MTN MoMo, you can access the loan anytime and anywhere you want. What it means is that subscribers can only be given a certain amount of loan based on their MoMo transactions and loyalty to the service. Ecobank Personal Loan is a multipurpose loan that offers flexible repayment plans and the option to access more funds after you pay.Has short-term unsecured mobile money loans in Ghana that users receive in their MTN Mobile Money wallet.
With the introduction of mobile money services and the advancement of security and cybercrime controls gaining access to fast loans in Ghana is simple easy and requires less time. Another factor that stops or minimizes loan requests is the processing time it takes to purchase a loan. The company also offers personal loans aimed at helping you have a timely cash flow to pay bills or purchase assets. This loan service offers loans to selected MTN customers who are eligible for it based on their MoMo transactions history.
In conclusion getting an instant loan in Ghana is now easier than ever before thanks to mobile money services and advancements in security technology. With so many lenders offering different types of instant loans there's sure something for everyone no matter what their financial needs may be.