List Of Loans In Ghana 2024

Looking for loans in Ghana? You are on the right website. In this article, we have listed all the categories of loans in Ghana and how to apply.

Categories of Loans In Ghana

1. Individual Loans

2. Mobile Money Loans

3. Car Loans

4. Private Student Loans

5. NGO Loans

A. Individuals loans in Ghana

Below is a list of some financial institutions that give loans to individuals in Ghana

1. Izwe Savings and Loans

Izwe is a financial institution that gives personal and business loans to government employees.
Click here to apply Izwe loans application form

2. Bobby Charlton Loan Company

Address
No.1, Airport Residential Area, Opposite Shangri La Hotel, Kofi Annan St. Accra.
Contact - 0242174448

3. Golden Link Savings and Loans

It is one of the most popular loan institutions in Ghana. The company gives loans to individuals, salary workers, farmers, traders and many others.
Contacts
No. 2 North Street, Tesano
Phone number
+233(0)302223826 or +233(0)302223951

4. Bosea Micro Credit Enterprise

Bosea micro credit enterprise is another financial institution to get loan from
Address
Rawlings Circle - Opposite the Madina Polyclinic
Contacts+233(0)0302555014

5. Qwik Loan Ghana

Contact - 0265092006

6. Best Point Savings and Loans

Contacts
Old Peace FM Building, Achimota
info@bestpointgh.com
+233(0)303932990

7. Speedline Money Lending Services

Contacts
GQWQ+6W6, Derby Ave, Accra
+233(0)302-631-962 or 0570117799
Email: info@speedlinemicrocredit.com

8. ASA Savings and Loans

Contact - +233(0)302328405

9. Fido loan

Fido is one of the best platforms to borrow loan in Ghana. Fido provides fast, and easy short-term loans to its customers. The application process is easy and less stressful. 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. Click here to install
Enter the loan amount you need and confirm.
If approved, you will receive the 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, Voters card, Passport and Driver's license)
Mobile Money account registered in your name
Be a resident of Ghana, and over 18 years of age
3. GhanaLending Loan

10. GhanaLending

GhanaLending loan app is one of the most common loan apps in Ghana. It has over 1000k downloads on Google Play Store with a positive review.
How to get loan on GhanaLending app
Go to Google Play Store to download and install the app
Register with your details (phone number, national id cards and residential address)
Choose loan amount and apply
When approved, the money will be disbursed to your mobile money account.
Loan terms is between 91 to 365 days. Loan ranges from GHS50 to GHS3,000

11. MetaLending app

Get your instant loans on MetaLending app. It is an instant app in Ghana which provides affordable loans to individuals and business owners in the country.
How to apply for MetaLending loan
Download the app on Google Play Store
Create your account by filling out the form
Choose your loan amount and apply
Receive your loan straight to your bank account
Try to repay on time to increase your loan limit
Eligibility
Applicant must be a resident of Ghana
Applicant must be 18+ years old
Applicant must also indicate his/her source of income

12. SikaPurse loan

SikaPurse is an instant money lending app in Ghana launched in July, 2021. The app offers flexible loan products to its customers. You can get up to GH¢5,000 loan on SikaPurse.

How to get a loan on SikaPurse

Download and install SikaPurse app
Create your account
Fill out basic information and submit
Choose your loan amount and apply
When approved, you will receive your loan straight into your bank account
Repay your loan in time to avoid penalty

13. 4Cedi loan app

It is a loan app in Ghana that provides instant loans to individuals and small business owners.On 4Cedi loan, you can get a loan without collateral.
Eligibility
Applicant must be a resident of Ghana
He/She must be between 22 - 55 years of age
Must have a national identification card (Voters, ECOWAS or Passport)
How to use the service
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 the loan is approved, the money will be paid directly into your account.

14. Mpaso loan app

Mpaso loan app makes it easy for you to access loans anywhere and anytime with your smart phone. The loan is available in Ghana, Nigeria, Kenya and Tanzania. Loan amount ranges from GH¢400 - GH¢45,000.
How to get started
Go to Google Play Store to 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 account
Advantages of Mpaso Loan
No paperwork, collateral or office visits needed
No late or hidden charges
You can get access to bigger loans with lower interest
It is secure, reliable and flexible

15. Loan Supermarket app

Loan Supermarket is a a secure, reliable and quick loan app for government employees. The loan amount ranges from GH¢1,000 - GH¢5,000. Repayment period is between 6 to 72 months
Eligibility
Applicant must be a resident of Ghana with a valid ECOWAS card (Loan Supermarket accepst only ECOWAS card)
Must be a government employee
She/He must be 18 years old and above
How to apply for Loan Supermarket
Download the app on Google Play Store
Create your account and login
Apply by selecting your preferred financial institution on loan Supermarket
Once your application is approved, your money will be paid to your bank or mobile money account
Why should you choose Super Market loan app?
No hidden fees
No paperwork, loan agents and and impersonations of GoG employees
You don't need to submit a manual loan form any longer

16. LoanClub

LoanClub offers instant money lending in Ghana. The application process is easy, quick and flexible.
Eligibility
Must be a resident of Ghana
Applicant must be above 21 years of age
Must have monthly source of income
He/She must also possess Identification card
How to Apply for LoanClub
Go to Google Play Store to download the app
Register and fill your personal information
Upload your documents ( National ID, Address proof)
Choose your loan amount and submit
Wait for a couple of minutes for your feedback

17. Advans Ghana Savings

Another institution to apply for loan in Ghana is Advans Ghana. The company has branches in Greater Accra, Ashanti, Volta and Eastern region of Ghana.
Advans Ghana offers personal and business loans to individuals in Ghana.
Website - Advansghana.com

18. Direct Savings and Loans Corporate Office

Another institution to get loan in Ghana is Direct Savings and Loans. The company provides banking services to micro, small and medium enterprises (MSMEs), traders and market women, salaried workers and self-employed.
Contacts
+233(0)303969550 or info@directgh.com

B. 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

C. Car loans in Ghana

Below are some of the banks and loan companies to apply for car loans in Ghana.

Stanbic Bank Ghana
First Bank Ghana
Calbank
Republic Bank of Ghana
Universal Microfinance
Microfinance and Small Loan Centre (Masloc)
Advance Ghana Savings and Loans
Society General
Izwe Savings and Loans
AIDEZ small project international and so on

Stanbic Bank Car Loan

The vehicle and asset finance is a medium-term loan offer to salaried and non-salaried customers to purchase both movable and immovable assets such as vehicles or power generators.

Minimum loan amount is $10,000. There is no maximum limit.

Features of Stanbic car loans

An advance of up to 60% of your disposable net monthly salary
Minimum overdraft limit of GHS100
Monthly payback of used limit or a clean-up cycle of 30 days
Interest applies only on portion of overdraft used each month

Benefits of Stanbic Bank car loans

You can choose to repay your loan at the period you are comfortable with
Flexible repayment options through the bank's salary account or direct payroll deduction
You can manage repayments on the go using the bank's mobile banking app

Calbank Car Loan

It is one of the fastest banks to obtain car loan in Ghana. The loan is designed purposely for customers to purchase any vehicle of choice.

Features of Calbank Car Loan

The vehicle the applicant intend purchasing must not be older than five years
The vehicle will be comprehensively insured.
Tenure of payment is sixty months or less
Vehicle shall be registered and insured in the joint names of Calbank and the customer

Requirements for obtaining Calbank car loan in Ghana

Minimum salary of GHS500.00 per month
Must be between the ages of 18 - 53 years
Applicant must also present evidence of employment
He/She will also be required to present six months bank account statement

Documents to present before your Calbank loan can be processed

Valid National ID (Passport, Driver's License, ECOWAS Card or SSNIT Card)
Your recent passport picture
Initial deposit of GHS500.00
Proof of residential address
Applicant must also have minimum balance of GHS500.00 to earn interest

Izwe Savings and Loans

Izwe is a savings and loans company that gives all sorts of loans to government employees. With Izwe Savings and Loans, you can be able to get loan to purchase your vehicle.

Society General Car Loans

The bank offer long-term vehicle loans to clients to purchase any type of vehicle in Ghana.

Requirements for getting a car loan with the Bank

Applicant must open an account with the bank
Must receive at least a month's salary with the account
Applicant must also submit proof of employment
Client must provide 3 consecutive payslips

First Bank loans

First Bank has all types of loans including car loans. It is also one of the fastest banks to get car loans in Ghana.

D. Private student loans in Ghana

1. Bank of Africa Ghana - Educational Loans

It is one of the most popular banks to apply for student loan in Ghana. The bank enables individuals in employment who have ambitions to further their education, access personal loans for that purpose.

Requirements for Bank of Africa - Educational Loan

Applicant must be between the ages of 21 - 58 at the time of application
Employee must have been in employment for more than six months
Proof of employment/Letter from your employer
Statement from your bank to confirm salary credits and transparency
Bill from educational institution

Note : Bank of Africa student loan is opened to both customer and non customer.

2. Society General Ghana Student Loan

Society General offers a short-term consumer loans for students to finance their studies (school fees, school needs, etc.).

Society General payment period is up to 10 months. The bank offers a 150% financial bill. Repayment is flexible.

Requirements for Society General student loan

The list below are some of the requirements to meet before getting Society General student loan.

Applicant must open an account with the bank
Must receive at least a month's salary with the account
Applicant must submit proof of employment
Applicant must also provide 3 consecutive payslips

Visit any of their branches here in Ghana to apply

3. HFC Bank - HFC Educational Loan

HFC Educational Loan is a personal loan aimed parents and matured students who are currently working.

HFC Educational Loan Requirements

Applicant must open an account with the bank
Applicant must not be less than 12 months in their present employment
Applicant must also provide evidence of current school bills to the Bank

Visit any HFC branch in the country to apply

4. Trust Fund Student Logan

The Students Loan Trust Fund is established to alleviate the financial burden of students who cannot afford all their school fees. The STLF is for students who cannot afford their tuition fees, accommodation, textbooks etc.

Requirements for Trust Fund Student Loan

Before an applicant apply for the loan, he/she must meet the requirements below

Applicant must be a Ghanaian, and have been offered admission to study in one of the accredited tertiary institutions in Ghana
He/She must have a valid Ghana Card Number
Applicant must also be pursuing a tertiary program such as a diploma or 1st degree and have a Student ID card or admission letter
Also, applicant must also have an active registered mobile phone number, a valid email address and E-zwitch Card

E. NGO loans in Ghana

There are a couple of banks and savings and loans companies that give loans to NGOs in Ghana. Banks such as Ghana Commercial Bank, Stanbic Bank, Fidelity bank, Absa bank provides loans to finance some projects in Ghana.

Examples of some covered bank foundations in Ghana are Royal Bank of Canadas's Community and Sustainability Program, Societe Generale Corporate Foundation for Solidarity, Macquarie Group Foundation, Citi Foundation, Deutsche Bank America Foundation, Barclays Support for Communities and American Express Corporate Social Responsibility.

Conclusion

The above are some of the list of loans in Ghana as at the time of writing this article

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