To access a quick loan in Ghana nowadays is easier and everyone can borrow with ease wherever you found yourself.

In this post we will provide you with the best 10 mobile loan apps in Ghana.

Below is a list of loan apps you can download from the Google play store with your smartphone and apply for a loan.

Top 10 Best mobile Loan apps in Ghana.

1. Fido Loan App

The Fido loan app is one of the best loan apps in Ghana. With the Fido loan app, you can apply for quick loans without collateral. The company is licensed by the Bank of Ghana. The Fido loan app does not require collateral, guarantor, or application fees.

With the Fido loan app, first-time borrowers are eligible for a maximum of 200 GHC. Paying your loan on time can get you a higher amount.

Also, the interest rate is set to 0.266% per day and decreases with good repayment behaviour. The interest amount is displayed in the app before applying.

What do you need to apply Fido Loan 

To qualify for a Fido Loan, you need a valid ID and Mobile Money.

ID Type: Driver’s License, NHIA Membership, Voter ID, National ID or Passport

Mobile Money account: MTN Mobile Money or AirtelTigo Money registered in your name for at least two months.

You must be a resident in Ghana over 18 years of age.

How to apply Fido Loan?

Download the Fido free app from the Google Play store.

Set up your Fido account by filling your personal information in the app.

Select your loan terms and conditions.

Approval is in real time. Once approved the funds will be disbursed to yourMobile Money account.

2. SikaPurse Loan app

Sikapurse is One of the leading loan apps in Ghana. The loan app offers lenders as much as 5,000 GHC. First-time borrowers can access as much as 1,000 GHC. The loan interest rate also ranged between 8% to 25% per annum.

How to Borrow from SikaPurse Loan App

1.Download and install the SikaPurse app on your smartphone.

2. Register an account.

3. Fill out basic information and submit.

4. Apply for a loan online.

5. Receive your loan straight into your bank account.

Repay your loans in time or complete Increase Limit tasks to build your credit limit and reduce the interest rate.

3.MTN QwikLoan

With the MTN Qwikloan, you can access loans for as high as 1,000 GHS. The minimum loan is GHS 50 with the maximum being GHC 1000.

Customers can have one loan at a time and can only apply for a new one after paying the existing loan. The loan has an interest rate of 6.9%

How to Borrow money from Mtn qwickloan.

1. Dial *170#
2. Select option 5 -financial services.
3. Select option 3 – loans.
4. Select option 1 to register for free or option 2 to view terms and conditions.

4.Carbon Loan App

Carbon is one of the leading loan apps in Ghana that gives you quick loans in Ghana. The lending app is easy to use and has many features. Loans from Carbon attract interest rates starting from as low as 5% on the first loan.

Also, first-time borrowers are eligible for a maximum of 5 GHC. Paying your loan on time can get you a higher amount. The loan duration is between 15 to 30 days.

How to apply from Carbon Loan App

You can get a Carbon loan by:

Download the Carbon mobile app from the play store.

Fill out our brief application form with some basic personal information.

Upload valid credentials like National ID, bank statements, and passport photograph.

Once approved, funds are typically received within 5 minutes.

Repay your loan on or before the due date to increase your chances of receiving a higher loan amount and lower interest rate for your next loan.

5.LendingPapa Loan App

The LendinPapa loan App is one of the top loan apps in Ghana. First-time lenders can access as much as 100 GHC while loyal customers can access loans in the excess of 5,000 GHC. The interest rate starts from 8% to 22% per annum.

How to apply from LendingPapa Loan App

Download the LendingPapa mobile app from the play store.

Fill out our brief application form with some basic personal information.

Upload valid credentials like National ID, bank statements, and passport photograph.

Once approved, funds are typically received within 5 minutes.

Repay your loan on or before the due date to increase your chances of receiving a higher loan amount and lower interest rate for your next loan.

6.Zidisha Loan App

The Zidsha loan app is one of the top mobile lending apps in Ghana. With the Zidisha loan app, you can borrow as high as 4,153,730 GHC without collateral.

Interestingly, borrowers pay no interest charges on Zidisha loans, however, you will have to pay a service fee of 5% of the loan amount to cover the cost of transferring and administering the loan.

Additionally, members who do not have an invitation from an existing Zidisha member usually pay a one-time membership payment of 3,000 GHC. This is usually to cover the cost of a credit bureau and background check.

7. Super loan 

Loan Amount: GHS1,000 ~ GHS10,000
Loan Term: from 91 days to 360 days
Loan interest: from 10% to 25% per annum.
Maximum Annual interest Rate（APR）: 25%

Calculate the cost of credit products.

For example:
If you apply for a loan of GHS1,000, the term is 365 days and the annual interest rate is 20%.
the interest for 365 days = GHS1,000×20%= GHS200,
the totally repayment = GHS1,000 + GHS200 = GHS1,200

Who is eligible for Superloan

1. 18 years or above
2. Citizens of Ghana
3. Your own valid ID (Voter’s ID, & Passport & Ghana Card)
4. A mobile money account registered in your own name

SuperLoan is an innovative platform that provides credit services with easy loan acceptance.

Why superloan?

1. Choose the loan amount and terms according to your needs. The loan amount and loan period are very flexible.

2. Users who repay on time when applying for a new loan will receive a higher limit.

3. Use the service frequently and pay on time. User balance will increase.

4. Users with good credit have the opportunity to choose more freely.

5. To give users a good borrowing experience has simplified the borrowing and upgrading process several times, making the loan application process a few simple steps.

How to apply SuperLoan

1. Download SuperLoan
2. Register an account with your phone number.
3. Fill in basic information
4. Submit an application
5. Waiting for approval

8.Miniloan

Amount : GH₵ 200- GH₵ 5,000
Loan Term: 3, 6, 9 and 12 months
Daily loan interest rate: 0.01%
Annual loan interest rate (APR): 24%
Management/Platform Fee: 0.01%
Interest rate (APR, min to max) for this loan app: 17% to 29% per year

How to apply for Mini loan?

1. Install Miniloan App
2. Register through your Phone Number
3. Identity through the app.
4. Get money sent to your account.

Who is allowed to apply Miniloan?

1. Age between 20 to 60
2. Ghana Citizenship

9. Aircash

 

Why You should choose Aircash?

1.Loan Amount GHS100 to GHS 1000.

2.The repayment period ranges from 91 days to 365 days.

3.Daily interest：0.05%

4.APR：4.55%-18.25%

5.No collateral, safe and reliable

6.No Hidden Fees, No Rollover Fees, No Transaction Fees.

7. *Repaying on time will help to increase the loan amount, which will help build the trust of the platform in you, so as to obtain certain interest reduction rewards.

*Don’t worry about forgetting to repay, we will remind you of the amount due, so as to avoid unnecessary losses to you.

AIRCASH’s loan example:

loan amount：GHS1000
loan term：180 days
APR：18.25%
Then, daily interest：GHS1000*18.25%/365=GHS 0.5
monthly interest：GHS1000*18.25%/365*30= GHS 15
180 Day Interest：GHS1000*18.25%/365*180= GHS 90
Total repayment：GHS1000+GHS90= GHS1090

AIRCASH application requirements:

1.Citizens of Ghana.
2.20-60 years old;
3.We prefer users who have jobs.

How to apply for Air ash loan

1.Register an account with your mobile number
2.Fill in your personal information in 3 minutes
3.Select the loan amount you need

10.Pezesha Loan App

Pezesha loan app is one of the best app services in Ghana for business people. You can access a credit facility for as high as 6,000 GHC for your business. They also offer affordable interest rates at 5%-8% monthly.

How to Borrow from Pezesha Loan App

Download and install the Pezesha business app on your smartphone.
2. Register an account.

Fill out basic information and submit

Link your bank account

Apply for a loan online.

Digital loan offer presented to you if you qualify based on your credit risk

If Accepted requested to submit additional data (if need be) to complete the on boarding process

Once on boarded the SME is then matched to investors on Pezesha marketplace within seconds.