Here’s a list of the best online loan apps in Ghana for 2025, based on their reliability, ease of use, and favorable terms. These apps provide quick, collateral-free loans and are licensed by the Bank of Ghana (BoG) to ensure compliance with financial regulations.
Top 10 Best Online Loan Apps in Ghana
Fido Loan App
- Loan Amount: GHS 200 to GHS 4,000
- Interest Rate: 0.266% daily (decreases with good repayment behavior)
- Requirements: Valid ID, MTN Mobile Money or AirtelTigo Money account, and residency in Ghana.
- Features: No collateral or guarantor needed, instant approval, and funds disbursed to your mobile wallet.
Carbon (Formerly Paylater)
- Loan Amount: GHS 100 to GHS 10,000
- Interest Rate: 5% to 15% monthly
- Requirements: Valid ID, bank account, and residency in Ghana.
- Features: User-friendly app, flexible repayment terms, and additional financial services like bill payments.
LendingPapa
- Loan Amount: GHS 100 to GHS 5,000
- Interest Rate: 8% to 22% annually
- Requirements: Valid ID, bank statements, and residency in Ghana.
- Features: Quick approval, funds disbursed within 5 minutes, and rewards for timely repayments.
SikaPurse
- Loan Amount: GHS 1,000 to GHS 5,000
- Interest Rate: 8% to 25% annually
- Requirements: Valid ID, bank account, and residency in Ghana.
- Features: Flexible repayment options, 24/7 customer support, and credit-building opportunities.
MTN QwikLoan
- Loan Amount: Up to GHS 1,000
- Interest Rate: 6.9%
- Requirements: Active MTN Mobile Money account for at least 90 days.
- Features: Instant loans via USSD (*170#) or the MTN MoMo app, no collateral required.
FairMoney
- Loan Amount: GHS 100 to GHS 5,000
- Interest Rate: Varies based on creditworthiness
- Requirements: Valid ID, proof of income, and residency in Ghana.
- Features: Fast approval, loans for personal and business needs, and no collateral required.
Kiakia Loan App
- Loan Amount: GHS 100 to GHS 2,000
- Interest Rate: 7.5% to 16% monthly
- Requirements: Valid ID, proof of income, and residency in Ghana.
- Features: Short-term loans for emergencies, quick approval, and no paperwork.
Zidisha
- Loan Amount: GHS 39 to GHS 78,983
- Interest Rate: No interest (service fee of 5%)
- Requirements: Valid ID, recommendations from friends/family, and residency in Ghana.
- Features: Peer-to-peer lending, no collateral, and flexible repayment terms.
Bloomkash
- Loan Amount: Up to GHS 1,000
- Interest Rate: 0.1% to 1% daily
- Requirements: Valid ID, proof of income, and residency in Ghana.
- Features: Instant loans, no collateral, and rewards for timely repayments.
Aella Credit
- Loan Amount: Varies based on creditworthiness
- Interest Rate: Varies
- Requirements: Valid ID, proof of income, and residency in Ghana.
- Features: Loans for employees and small businesses, no collateral, and fast approval.
Key Features of These Loan Apps
- No Collateral Required: All apps offer unsecured loans, making them accessible to a wide range of borrowers.
- Quick Approval: Most apps approve loans within minutes or hours.
- Flexible Repayment Terms: Borrowers can choose repayment periods ranging from a few days to 12 months.
- Transparent Fees: Interest rates and fees are clearly outlined, with no hidden charges.
- Credit Building: Timely repayments can improve your credit score for future loans.
How to Choose the Best Loan App
- Compare Interest Rates: Look for apps with competitive rates and low fees.
- Check Reviews: Read user reviews on app stores to gauge reliability and customer service.
- Verify Licensing: Ensure the app is licensed by the Bank of Ghana to avoid scams.
- Assess Repayment Flexibility: Choose apps that offer flexible repayment options.
- Evaluate Loan Limits: Select an app that meets your financial needs, whether for small or large loans.
For more details, you can visit the official websites or app stores for these loan apps. Let me know if you need further assistance!
