5 Best loan apps in Ghana for quick loans (November 2023) In Ghana, there are apps that let people borrow money easily from their phones. You just need a phone to ask for a loan.
It’s hard to know which app is the best because some are not good even if they look like they are. But I’ve found the best ones based on what users say.
You can get a loan from these apps without giving anything in return. But you must be 18 or older. Here are the top loan apps in Ghana
Top Loan Apps in Ghana
- Fido loan app
Fido loan app is a useful tool for people in Ghana who need instant cash. This digital platform lets users apply for loans without needing to go to a bank. If you are eligible, the money gets sent to your mobile wallet, making the process convenient. Unlike many other loan systems, Fido doesn’t ask for collateral, like a car or house. Instead, you just need to provide some personal details. This includes your home address, your ID card, and the address of your workplace.
Another great thing about Fido is its simplicity. It has a set repayment time of 30 days. So, if you borrow money, you know you have a month to pay it back. The amount you can borrow varies. The smallest amount is GHC 200, and the largest is GHC 3,000. However, it’s essential to know that you can only have one loan at a time. Want to try Fido? If you have an Android phone, get the app on the Google Play Store. iPhone users can find it in the Apple App Store.
- Online loan app for Ghanaians.
- Money sent directly to mobile wallet.
- No collateral needed, just personal details.
- 30-day repayment term.
- Loan amounts between GHC 200 and GHC 3,000.
- Only one loan at a time.
- Available on Google Play and Apple App Store
Carbon is a popular online loan app serving people in Ghana. By simply having this app on your smartphone, you can tap into a resource that offers instant loans. The maximum amount one can borrow from Carbon can be as high as GHC 6,000 or even more, which is beneficial for those who need a larger amount quickly.
The process to get a loan from Carbon is hassle-free. There’s no need for any collateral, like property or assets. The steps are easy. Firstly, users need to download the app from the Google Play Store. Once installed, they must create an account and confirm their identity. After that, by filling out and submitting the application form within the app, users start their loan process.
After all the provided details are verified and confirmed, the loan amount is quickly processed and sent to the user’s account. This efficiency and ease make Carbon a top choice for many in Ghana.
- Offers loans up to GHC 6,000 or more.
- No collateral required.
- Simple process: create an account, confirm identity, fill out the form.
- Loan transferred after details verification.
- Available for download on the Google Play Store
GhLending is a helpful online loan app for people in Ghana. It stands out because of its affordable interest rates. When using GhLending, users can request loans ranging from GHC 100 to GHC 5,000. What’s impressive is the low interest rate of only 0.04%.
The time given to repay the loan is flexible too. Borrowers can choose a term between 90 days and a full year. A big advantage of GhLending is that you don’t need to provide any collateral, making it a lot easier for many people to apply.
Getting started with GhLending is straightforward. First, download the app from the Google Play Store. Then, you create an account and provide the required details. The processing time is fast, with most loans being approved and sent out within a single day.
However, there are certain criteria to meet. To be eligible for a loan, you need to be at least 18 years old, a Ghanaian citizen, and have a source of income, whether from a salary or self-employment.
- GhLending offers loans in Ghana with affordable interest.
- Loan amounts from GHC 100 to GHC 5,000.
- Very low interest rate of 0.04%.
- Repayment terms between 90 days and one year.
- No collateral needed.
- Fast approval and disbursement.
- App available on Google Play Store.
- Applicants must be 18+, Ghanaian citizens, and have an income
CediHelp is an online loan platform tailored for Ghanaians. It’s designed to give people a hassle-free loan experience. One of the main highlights of CediHelp is that it doesn’t require any collateral or a guarantor, which removes some of the barriers that can slow down the loan process.
To get a loan through CediHelp, you simply need a mobile device and internet access. The service offers loans starting from GHC 100 up to GHC 5,000. The interest rate can vary, ranging from 3% to 30% annually. This rate depends on the amount of money you wish to borrow.
The application process is very straightforward:
- Make sure you’re a citizen of Ghana and are at least 18 years old.
- Download the CediHelp app from the Play Store.
- Sign up and provide your details. Accuracy is essential here.
- Submit the application form for evaluation.
- If you’re eligible, the loan amount will be directly transferred to your account.
- CediHelp: A convenient loan app for Ghanaians.
- No collateral or guarantor needed.
- Access loans between GHC 100 and GHC 5,000.
- Yearly interest rates vary from 3% to 30%.
- Eligibility: Must be a Ghanaian citizen and 18+ years old.
- App available on the Play Store.
- Simple application and fast approval process
CUDloan is a preferred online loan app for many Ghanaians. Tailored exclusively for the citizens of Ghana, it ensures swift and reliable loan services. Those above 18 years can benefit from its offerings.
One unique aspect of CUDloan is its requirement to access users’ location, calendar, and SMS logs. It provides long-term loans which can span from 91 days up to an entire year. Potential borrowers can request amounts ranging from GHC 100 to GHC 5,000.
Here’s a breakdown of what makes CUDloan a favorite for many in Ghana:
- No Strings Attached: Borrowers appreciate that there’s no need for collateral, guarantors, or cumbersome paperwork. This makes the process smooth.
- Quick Turnaround: You won’t have to wait long; loans are typically disbursed within a day.
- Accessibility: The app is readily available for download on the Google Play store. Once downloaded, users simply input their details, complete the loan form, and wait for approval.
- Zero Hidden Fees: There are absolutely no fees attached to loan requests, making the process transparent.
- Efficiency: The entire loan application process is streamlined, ensuring speed and simplicity.
- Customer Support: If users face any issues, a dedicated customer support team is at their service through various channels, including email, calls, or chat.
- Fair Pricing: The interest rates are considered reasonable and affordable, making it a good choice for many.
- Instant Transfer: Once approved, the loan amount is directly transferred to the borrower’s account without delay.
In summary, CUDloan stands out in Ghana’s loan app market because of its user-friendly approach, quick services, and trustworthy operations