Today I will be discussing the top 8 quick loans in Ghana which is available for instant loan purposes whenever you face an emergency that requires urgent cash.
When it comes to quick loans in Ghana, there are several reputable lending apps that can provide you with the funds you need in no time. Applying for a loan through these apps is simple and convenient, allowing you to access quick cash without any hassle.
Top 8 Quick Loans in Ghana
The top quick loans in Ghana that offers convenient repayment plan and affordable interest rates include RapidCedi, Branch, Fairmoney, Oze SME Loan, Carbon, Fido Loans, Qwik Loan by MTN and SikaPurse.
RapidCedi is our first pick that offers quick loans in Ghana. You can download the app on your smartphone through Google Play Store to access loans of up to GHC 6,000.
RapidCedi doesn’t request collateral before you get your loan approved. All you need to do is to create an account, confirm your identity, fill out the application form and submit it.
Branch Loan App is one of the ultimate solution for quick loans in Ghana. With Branch, you can enjoy fast loans with no collateral or paperwork hassle. The app is accessible round the clock, ensuring loans are available whenever and wherever you need them.
You can unlock bigger loan amounts by repaying your outstanding loans on time, building your creditworthiness along the way. The loan application process is swift, and once you meet the requirements, funds will be disbursed directly into your wallet without delay. Experience the convenience and efficiency of Branch Loan App for all your borrowing needs in Ghana.
FairMoney Microfinance Bank is a leading provider of quick loans in Ghana, offering flexible loan options without the need for collateral. Whether you need funds for medical emergencies, rental payments, salary advances, or personal needs, FairMoney has you covered.
With a solid track record and branches across Africa, FairMoney is a reputable and reliable lending platform. Say goodbye to tedious paperwork and cumbersome collateral requirements.
Benefit from FairMoney’s low-interest loans and extended repayment periods. With over 10,000 loans disbursed daily, your chances of securing a loan are high. Don’t hesitate to explore FairMoney for your instant mobile money loan needs in Ghana.
4. Oze SME Loan
Oze is a loan organization that offers quick loans in Ghana with low-interest rate to small businesses without requiring collateral. With Oze, customers can access loans of up to 30,000 Ghana Cedis at a monthly interest rate as low as 3% on the borrowed amount.
These loans can be repaid in manageable installments over a 12-month period. To be eligible for an Oze loan, applicants must be active users of the Oze Business App for a minimum of 30 days. Once the 30-day period is met, users can conveniently apply for an Oze loan directly through the Oze Business App.
Carbon formerly known as Paylater, is a popular loan app in Ghana that offers loans within minutes. With its user-friendly interface and unique features, Carbon provides a convenient borrowing experience for its customers.
One notable feature of Carbon is the referral program, where you can receive a discount on your next loan if someone you refer repays their credit on time. By consistently meeting the repayment terms, you can qualify for higher loan amounts over time. In addition to personal loans, Carbon also provides business loans in Ghana without the need for collateral. With its range of offerings and quick loan approval process, Carbon is a trusted choice for obtaining fast and hassle-free loans.
6. Fido Loans
Fido Loans is a leading app that provide quick loans in Ghana. Administered by Fido Micro Credit, a trusted banking organization based in Accra, Fido Loans offers loans without collateral or guarantors. With just a valid ID and a mobile money account, you can easily access loans through their app.
First-time customers can borrow up to 200 Ghana Cedis, with repayment terms ranging from 10 to 33 days. What’s interesting is that as you borrow and repay on time, your credit score improves, enabling you to access larger loans at lower interest rates. For new borrowers, interest rates start at 14% for 30 days and can go as low as 8% for 30 days.
7. Qwik Loan By MTN
MTN Qwik Loan is your go-to financial service for quick loans in Ghana. As an MTN MoMo member, you can enjoy the convenience of short-term, unsecured loans directly deposited into your MTN Mobile Money wallet within 5 minutes of applying.
With Qwik Loan, you can access up to 1,000 Ghanaian cedis at a low interest rate of just 6.9%. Applying for a loan is a breeze, as you only need your cell phone without the requirement of a bank account or savings. Plus, timely repayment can boost your credit limit, granting you continuous access to the service. Experience the speed and accessibility of Qwik Loan today.
SikaPurse is our last pick on our top 8 quick loans in Ghana apps that offers lenders up to 5,000 GHC, with first-time borrowers having access to as much as 1,000 GHC. The loan interest rates range between 8% and 25% per annum.
To borrow from the SikaPurse Loan App, simply download and install the app on your smartphone, register an account, fill out the required basic information, and submit your application. Once approved, you will receive your loan directly into your bank account. Make sure to repay your loans on time or complete Increase Limit tasks to build your credit limit and reduce the interest rate.
In Ghana, quick loan apps have revolutionized the lending landscape, providing convenient and accessible financial solutions for individuals in need of immediate funds. These apps offer a streamlined process, eliminating the traditional complexities associated with borrowing.