All Things Fintech in Africa

5 Best Loan Apps in Ghana You May Not Know About

When it comes to getting loans I know going to the bank would be the first thing that comes to mind. Although the bank is a great choice, it’s process could be long and tedious. So, aside from the bank, there are other trusted platforms that give loans without the stress of the bank. In this article, we take a look at the Best Loan Apps in Ghana.

Much like what we did in the article on best apps to get quick in Nigeria . This article was orchestrated to help reduce the hassle that goes along with having to find top-notch platforms from the sea of loan apps.

5 Best Loan Apps in Ghana You May Not Know About

1. Carbon

The Carbon platform / app comes in as a very easy to use instant loan platform that offers up to 500,000 GHC in the loan. You get the loan within 1-3 business days after your application has been approved with an interest rate from 1.75% to 30%.

Paying back the loan collected early, grants you access to higher credit limits, which will take effect the next time you take a loan. And yes Carbon offers loans without requesting collateral. Aside from being just a loan app, Carbon also offers;

  • A wallet, where you can store money securely.
  • Zero transfer fees to any Bank account.
  • Investment platform with up to 16% interest on your investment.
  • Recharge and pay your bills.

2. Fair money

Fair money is an app for instant loans and bill payments. Loans can be collected without collateral or guarantor. It provides loans with interest of 30% payable in 61 to 180 days. You can repay your loan via bank transfer with your unique Providus Bank account number, USSD, or debit card.

3. Fido

Fido is another popular loan app in Ghana. It offers short term loans without guarantors or collateral. The app is very easy to use. You just have to install the app, sign up, verify your details, apply for a loan, wait for approval of your applied loan.

4. Barclays Loan App

Still on the topic of best loan apps in Ghana, Barclays Loan App is a Ghana based bank loan app that offers instant quick cash loan to all current account Holders with them. User’s who are interested can apply through their online banking or Barclays Loan app and get funded in less than 15 minutes.

Before you apply for Barclays loan, they will inform you about your loan rate, if they approve your application then the money will be disbursed straight to your account.

You can download their loan app from playstore and sign up with your correct details.

5. MTN Xpress loan

MTNXpress loan is not at app but it is another popular loan platform setup by MTN. Loans applied for gets credited to your MTN Momo account upon approval. To access MTN Xpress loan, dial *170# and follow the on-screen prompts.

There you have it, a list of the best loan apps in Ghana. If you have any personal favorites or other recommendations, feel free to drop them in the comment section below.

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