5 Best Loan Apps You Can Use to Borrow Money in Ghana


Hi, guys I will sharing be with you 5 trusted app that allows you to borrow money from, as you may know, that getting a loan from banks or financial institution has become more complicated as far as loan processes are concerned.

Just like our previous article, we table Nigeria’s Best and Fast Loan Apps for 2020. So, we are also taking you through to the best loan apps in Ghana without any collateral.

Advantages of using loan apps

These are some of the advantages of using a loan app.

  • No collateral
  • 24/7 availability
  • You don’t need to present any paperwork
  • Flexible payment options

5 Best Loan Apps in Ghana For Online Lending

  1. Carbon (PayLater) loan apps in Ghana

Carbon is one of the leading and trusted loan apps in Ghana. Its was formally called Pay Later. With the Carbon app, you are entitled to borrow money from 80Ghc to 100Ghc on your first request. Your chances of getting bigger loans depend on how fast you pay your existing loans. The Carbon app also allows you to make payment for bills, airtime, money transfer and so on.

Go to Google Playstore and search for Carbon to download. Once downloaded follow the registration instructions.

  1. Fidomoney lending companies

Fido is another popular loan app here in Ghana that offers short term loans. Fido can give you a loan of 200 Ghana cedis on your first attempt. Just like Carbon, how fast you pay back your loan qualify you to bigger loans.

You can download the Fido app from google play store; tap on your google play store app and search Fido to download.

Fido pays the money into your mobile money account.

  1. Fair Money

This is another app that offers quick loans for users who are interested in taking small loans. Fair Money gives up to 1000 Ghc as a loan with a repayment period between 60 to 180 days depending on the amount you borrowed with an interest rate of 10 to 30 per cent which is very good.

  1. Sika Masteronline loans in ghana apps

Sika Master is an online-based financial institution that gives loans to individuals or companies who are interested in getting soft-loans. With Sika Master you can get very low-interest rates and some interest-free loans as well. You can get up to 1,000GHc to 100,000GHc as loan. Visit their website to learn more about them.

  1. MTN QwikloanLoan Apps in Ghana

MTN Qwikloan is one of the biggest platforms that offer quick loans in Ghana. The MTN Qwikloan are partnered with AFB Bank which makes it easier for them to offer loan services. For MTN mobile customers you can get up to 1000 GHC instantly.

Unlike most leading apps in Ghana, here is some requirement you need to meet before you can be granted loan on the MTN Qwikloan platform. These are what you need to be qualified;

  • You must be above 18 years and above
  • You must be an active MTN user for not less than 90 days
  • You must be a registered user of MTN Mobile Money service and must have actively use the wallet for transactions.
  • Also note that if your wallet activity transactions are very low, you may not be qualified to apply for a loan.

DisclaimerPlease make sure to read the term and condition before applying for any of these loans we have mentioned above.


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