Are you looking for Instant online cash loan apps in Ghana that provide a credit facility in Ghana without collateral or documentation? If so, this article will help you find the best loan applications with minimal effort.
This online loan application generates revenue by providing and collecting interest on loans such as business and personal loans. The funds they lend come from customer deposits and personal cash. They contribute to market capitalization and liquidity.
In contrast to commercial banks, where you will be required to visit their office and be asked to bring collateral, guarantors, and complete a great deal of paperwork, online loan applications require registration and confirmation of your information online prior to disbursement of funds.
After completing the application and receiving approval for the loan, the funds will be deposited directly into your bank account in less than 24 hours.
Below is a list of online loan applications that offer unsecured credit in Ghana.
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1. MTN QWIKLOAN
This loan package for MTN’s subscribers was developed in partnership with AFB Bank to provide the best possible lending service to its customers. It offers up to 1,000 GHS with an average interest rate of 6.9 percent. This loan requires regular MTN Mobile Money usage and a history of timely loan repayment as collateral.
There are additional requirements for MTN Qwikloan, including
1.Registered with the MTN Mobile Money Service and actively utilising the Wallet.
2.You must be at least 18 years old to qualify for an MTN Qwikloan.
3.You must have been a subscriber to MTN Ghana for at least 90 days.
However, you may not be eligible for a Qwikloan if your MTN Mobile Money wallet activity is insufficient.
HOW TO APPLY FOR MTN QWIKLOAN
To gain access to MTN Qwikloan in Ghana, dial *170#.
Select alternative “5” for financial services
3. Choose “3”
4. for loans Choose “1” to register for free, and “2” to view the terms of service.
2. MTN XPRESS LOAN
This loan from MTN is referred to as an MTN Momo account, and it is available to certain customers who are paid directly to their momo account.
The MTN mobile money platform grants momo subscribers mobile phone access to loans. You may obtain up to GHC 1,000
HOW TO APPLY FOR MTN XPRESS LOAN
To gain access to MTN Xpress loan, dial *170# and then follow the on-screen instructions.
2. Select the fifth option for financial service
3. Input 3 for loan
4. Select alternative 2 for Xpress loan
5. enter option 1 to obtain a loan
Enter your mobile money PIN to complete the loan application process.
7.Enter the loan amount
Note: Ensure you have the required amount for your MTN Xpress loan repayment on the due date.
Also see: List of Online Loan Application Apps in Nigeria and Their Interest Rates
3. FIDO LOAN
The Fido Micro Credit (FIDO) is an Accra, Ghana-based financial institution authorised by the Bank of Ghana. Customers may use the loans to expand their small enterprises. Loans should not be used for unlawful purposes.
Before applying, the interest rate for new Fido loan customers is displayed in the app and begins at 14 percent for 30 days. Customers with a history of paying their loans on time with Fido receive a lower interest rate on future loans; the lowest rate is 8 percent for 30 days.
Initial borrowers of a Fido loan are eligible for a maximum of 200 GHC to be repaid between 10 and 33 days. When applying, the loan term must be selected in the application.
As you climb the ladder up to a maximum of 1,000 GHS, paying your loan on time can earn you a higher amount and lower interest. Each loan application is evaluated by the FIDO app, which reserves the right to reject some applications. The decision cannot be reversed, and they can only advise you to reapply two weeks later.
WHAT ARE THE REQUIREMENTS FOR FIDO LOAN ELIGIBILITY?
To qualify for a FIDO Loan, a valid ID and Mobile Money are required.
1. Identification Type: Driver’s License, NHIA Membership, Voter ID or Passport
2. Mobile Money account: MTN Mobile Money or AirtelTigo Money in your name for a minimum of two months.
3.You must be at least 18 years old and a resident of Ghana.
4. GTBANK GHANA QUICKCREDIT
The Gtbank QuickCredit is a credit facility designed to provide retail clients with immediate access to cash for urgent needs. Customers can borrow up to 100% of their monthly salary at an interest rate of only 18% per annum and enjoy a flexible repayment plan of up to 12 months. Simply enter *737*0# to begin.
Application Instructions for Gtbank Quickcredit
• Dial *737*0#
• Choose option 1 (Payday Credit)
• Accept the terms of service
• Enter desired loan amount
• Enter Tenure (up to 12 months)
• Enter your PIN to authenticate a transaction
Your funds will be deposited into your account in less than twenty-four hours.
List of the Best Online Loan Applications that have been registered in Philippines by the Securities and Exchange Commission.
5. SKIKA MASTER LOAN
Skika loan is one of the largest money lending platforms in Ghana, where people can apply if they ever find themselves in need of cash.
Currently, Skika offers three types of loans: Salary advances, personal loans, and loans for returning customers. With a salary advance loan from Skika, you can borrow up to one hundred percent of your monthly net income, whereas with a personal loan, you can borrow up to twenty-five times your monthly net income.
Up to 2,000 Ghana cedis are available through the Loyal Repeat Client Loans.
6. ABBA LOAN APP
Absa Ghana loan is an unsecured online loan in Ghana offered by Absa group Ltd, an African financial services company whose mission is to be the continent’s pride.
The loan application provides various types of loans, including business solution loans, ordinary loan accounts, commercial asset finance, enterprise and surprise chain development loans, employee salary overdrafts, and school plans, all of which can be applied for online.
1. SCHOOL PLAN
A loan product designed to assist parents, guardians, and students at various educational levels in paying their school fees.
2. SCHEME LOAN
We sign a contract with your company to lend you, the employee, money, which is then deducted from your paycheck.
3. EMPLOYEE SALARY OVERDRAFT
On your salary account is a limit for overdrafts, allowing you to cover unforeseen expenses.
DIRECT PERSONAL LOAN FROM ABSA
A personal loan that is ideal for financing a vehicle, purchasing a home, or furthering your education.
Read: Ten Philippines Banks with the Lowest Personal Loan Interest Rates
7. BARCLAYS LOAN APP
The financial institution offers all current account holders instantaneous cash advances.
You can download their loan app from the Google Play Store and register using your correct information.
Your Barclays loan disbursement is subject to approval.
8. PAYLATER GHANA APP LOAN
Their loans are accessible via the Paylater Ghana App, which can be downloaded from the Google Play store, and you can register for an account with them without difficulty.
On the paylater platform, loan decisions are typically made within 15 seconds, and if approved, funds are disbursed within 5 minutes.
9. KIAKIA LOAN APP GHANA
Kiakia loan is one of the online loan platforms in Ghana; however, it is a subsidiary of Sterling bank of Nigeria that offers unemployed Ghanaians a straightforward personal loan at a reasonable interest rate. Accessing the Kiakia loan does not require a guarantee, collateral, or paperwork of any kind.
10. ZIDISHA LOAN
Zidisha is a peer-to-peer lending platform that connects individual lenders with borrowers. Zidisha loans are designed to assist SMBs.
11. ORBIT MONEY LENDING
Orbit Money Lending is a loan company in Ghana that provides personal loans for school fees, rent, funeral costs, and medical expenses.
Orbit money lending seeks to provide clients with high-quality and timely financial products and contribute to the growth and development of the public and private sectors of the Ghanaian economy.
Form for Loan Application for Orbit
Simply copy the URL into your browser and complete the application to apply for an Orbit loan:
List of Ghana online loans available at https://orbitlendinggh.com/loan-application Money Lending Applications without security
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