Instant Mobile Money Loans in Ghana

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Instant Mobile Money Loans in Ghana

Looking for instant mobile money loans in Ghana? You have come to the right place. Here, we are going to list all the apps and websites you can get instant mobile money loans in Ghana.

What is instant mobile money loan?

First of all, let define what instant mobile money loan is.  Instant mobile money loan is a short term loan in which the money is disbursed to the applicant's mobile money account. In Ghana, the mobile money account could be Vodafone Cash, AirtelTigo cash or MTN mobile money.

Why is Mobile Money loan important?

  • Mobile money loans reduce the stress of going to the bank. No paperwork is needed
  • Mobile money loan is easy to apply. You can apply at the comfort of your home
  • With mobile money loans, you can pay bills, buy treasury bills and more
  • Most of the loan applications do not require collateral. All you need to do is to provide your national identification card and mobile money account
  • Another benefit of mobile money loans is that, you can get as high as ¢10,000 provided you do not violate their policy

What do I need to apply for mobile money loans in Ghana?

A mobile phone with good internet connection

Identification card (ECOWAS card, Voter's card, National Health Insurance Card)

A valid registered mobile money account (AirtelTigo cash, Vodafone Cash or MTN mobile money)

List of Instant Mobile Money Loans in Ghana

Below is a list of instant mobile money loans in Ghana

MTN Mobile Money Loans (Quick Loans)

MTN mobile money loan is number one on our list because it is the most popular Instant mobile money loan platform.

MTN has made it possible for its customers to apply for qwikloan using their mobile money wallet. The MTN quick loan service was initially introduced by AFB bank in collaboration with MTN Ghana.

How to apply for MTN Qwikloan

  • Dial *170# on your mobile phone
  • Select option 5 (financial services)
  • Next, choose option 3 (loans)
  • On the next pop-up, select option 1 (Qwikloan)
  • Select option 1 (get a loan)
  • Enter your Mobile Money pin to continue
  • Enter your loan amount and click send
  • Wait for about 5 minutes for your funds
  • Make sure you repay your loan on time to avoid late payment penalty fees.

Note : Before you will be granted a loan, make sure you been doing frequent transactions on the SIM

Ahomka loan

Ahomka loan application is similar to MTN Qwikloan

How to borrow money from Ahomka

  • Dial *170# on your mobile phone
  • Choose option 5 (financial services)
  • Choose option 3 (loans)
  • Select option 3 (Ahomka loans)
  • Choose option 1 (Get a loan)
  • Enter your mobile money pin to continue
  • Once your loan is approved, your money will be credited to your mobile money account

Fido loan

Fido is one of the best platforms to get instant mobile money loan from in Ghana. Fido provides fast and easy short-term mobile money loans to its customers.

With Fido lending app, you can receive up to Ghs200 for your first loan

How to apply for Fido loan

  • Download the app on Google Play Store and fill your details
  • Enter the loan amount you need and confirm
  • If approved, you will receive your money instantly into your mobile money account
  • The minimum and maximum repayment periods are 91 and 180 days respectively.

Fido loan application requirements

  • A valid ID (ECOWAS card, Voter's card, National Health Insurance Card, or Driver's license)
  • Mobile money account registered in your name
  • Be a resident of Ghana, and over 18 years of age 

GhanaLending app

Another instant mobile money loan app is GhanaLending app. It is one of the common loan apps in Ghana to get instant money from. 

The app has over 1000k downloads on Google Play Store, and a 4.4 rating on TrustPilot.

How to get loan on GhanaLending app

  • Go to Google Play Store to download and install the app. Click GhanaLending to install the app
  • Register with your details (phone number, residential address or valid email address)
  • Choose loan amount and apply
  • When approved, the money will be disbursed to your mobile money account

Paylater loans

Paylater loan is an easy-to-use and entirely online lending platform that provides short-term loans to individuals and small businesses in Ghana.

The loan app is available in countries like Nigeria, Portugal, United Kingdom, South Africa and Ghana.

How can I apply for Paylater loan in Ghana?

  • Download the app on Google Play Store
  • Create your account by filling out your personal details. You may be required to enter your personal details such as National ID card, residential address and valid email address
  • After successfully registration, you will be asked to enter your preferred loan amount. Check their rates or charges before confirming

Once your application is approved, your money will be disbursed to your mobile money account

Vodacash Loan

Just like MTN quick loan, you can access instant mobile money loan on Vodacash. Minimum loan amount is GHS10

How to apply for Vodafone Ready Loan

  • Dial *110# on your mobile phone
  • Select option 5 (financial services)
  • Select option 3 (loans)
  • Next, select option 1 (Ready Loan)
  • Select option 2 (ready loan request)
  • Select option 1 (opt in)
  • Enter your pin to proceed
  • Enter your loan amount and submit

Wait for five minutes to receive your funds

4Cedi loan

4Cedi loan app provides instant loans to individuals and small business owners in Ghana. 

Eligibility 

Applicant must be a resident of Ghana

He/She must be between 22 - 55 years

 Must have a national identification card (Voters, ECOWAS or Passport)

How to get loan on 4Cedi loan 

  • Download the app on Google Play Store
  • Register by filling out your personal information
  • Ensure all your details are correct and accurate
  • Enter your loan amount and submit
  • Once your application is approved, the money will be paid directly into your mobile money account

Mpaso loan

The app makes it easy for users to acess loan with your mobile phone at the comfort of your home. Loan amount ranges from GHS400 - GHS45,000

How to apply for Mpaso loan

  • Go to Google Play Store download and install the app
  • Create your Mpaso loan account
  • Choose your loan amount and apply
  • Once approved, your money will be paid to your mobile money account

SikaPurse

SikaPurse is another instant loan app to apply for loans. With SikaPurse, you can get a loan up to GHS5,000

How to apply for SikaPurse loan

  • Go to Google Play Store to install the app
  • Register an account
  • Fill out basic information and submit
  • Enter your loan amount and submit
  • Receive your loan straight to your mobile money or bank account

OZE Business App

Oze is a business app that helps its customers grow their businesses and access credit. The app also gives small business loan to it customers.

How to apply for Oze loan

Install the app from Google Play Store for free

Create your account and apply for your loan

Once your loan is approved, your money will be sent directly to your mobile money or bank account

Other Instant Loan Apps in Ghana are

Loan Supermarket

Sikapa CMA loan app

Aella Credit loan app

Branch loan app

Other related contents 

6 Best online loans in Ghana without collateral

15 Best loan apps in Ghana

How to make GHS100 per day in Ghana

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