There are so many Loan Apps In Ghana that offer instant loans without collateral. As much as these companies or apps offer these loans, it doesn’t mean that some of them are not loan sharks. This is why we took our time to research and write about 7 Major Loan Apps In Ghana.
With the fast rise in fintech and mobile technologies, getting a digital loan has become very easy unlike in the past few decades when you have to provide guarantors, collateral, and other paper works before you can secure a loan from a traditional bank or other money lending companies.
These loans we’re going to discuss in this article are accessible to both the unemployed and self-employed in ghana without having to use any of your property or assets as collateral.
List Of Loan Apps In Ghana
- Paylater Loan App or Carbon (Ghana)
- Kiakia Loan App (Ghana)
- Fido Loan App
- Barclays Loan App
- Fair Money Loan App (Ghana)
- Abba Loan App
Paylater Loan App
Paylater Or Carbon is one of the leading fintech in Nigeria when it comes to digital loans. Paylater offers financial services on its platform which allows customers to take digital loans. The company specializes in consumer lending and its head office can be found in Lagos, Nigeria.
According to Paylater. The company has over 40 employees with global operations in countries like the UK, Ghana, Portugal, and South Africa.
In Ghana, Paylater services can be accessed through smartphones. Since the company is fully operational in over 4 countries, for you to use the app as a Ghanian, You must download Paylater Ghana Loan App which you can easily find on Playstore and download.
The process to register and start using the App is pretty easy and straightforward. To start using the App, you’ll need to follow this simple step.
Visit Google Playstore and download Paylater Ghana and start your registration process.
Ensure you enter your real details correctly. Fill out the application form by entering all the details asked by the app.
Enter your desired amount, then confirm the interest rate before you go ahead and submit. Once you have done the above step, paylater will evaluate your application using their algorithm to determine your eligibility. once the loan is approved, the money will be paid straight to your bank within 5 minutes or less. To start your application process you can download the app from Playstore.
Note: The App is currently identified on Playstore as carbon because that is the new name of the app
Kia Kia Loan (Ghana)
Kia Kia Loan (Ghana) is a well-known subsidiary of the popular sterling bank in Nigeria. The Kiakia loan is also available to even the unemployed in Ghana at a very good rate. The name or concept of Kia Kia loan comes from the popular Nigerian slag which means Faster.
To enjoy the full benefit of this loan, you’ll need to visit KiaKia Loan Website to start your application process. The application process is pretty easy and straightforward. Just follow the prompt when you click Get Started on the website.
The application process is self-explanatory as you’ll be required to provide some personal information. This application process takes less than 15 minutes to complete.
Also Read: Types of Zenith bank Accounts
Requirements For Kai Kia Loan
- A valid ID card
- You must be 21 years and above
- An email address
- A bank account (preferably a Sterling Bank account).
- You must also reside in Nigeria or Ghana
- Bank verification number (BVN).
As a user of Kia Kia, you can enjoy some features like Kia Kia P2P which allows you to fund, invest and also earn interest. By using this feature, you’ll get to earn between 12% – 40% Quarterly, Biannual, and pre–annual by investing in loans and businesses.
Fido Loan App
Fido Loan App is another popular money lending app in Ghana that allows people to get loans without having to use any of their assets as collateral. The loan process is fast and easy without any stress.
Fido app is among the approved fintech money lending app in Ghana which operates under the license of the Bank of Ghana. The company was able to build a great customer base who are happy and satisfied with the services being offered by Fido.
To use the Fido App, you’ll need to download the Fido App.
Amazing Features Of the Fido Loan App
- Loan decisions are sent almost instantly
- The Fido app does not have any hidden charges. Even charges are being displayed on the app for you.
- You don’t need to use your asset as collateral to get a loan from Fido
- You can apply for a loan at any time of your choice and still get your loan.
How Much Can You Borrow On Fido Loan App
Fido loan app allows you to borrow up to GHS200 as a first-timer using the loan app. You will be given a tenor of 10-30 days time to repay your loan. By the time you’re able to repay your loan on time, you’ll be eligible to borrow up to GHs 1,000 at an affordable interest rate.
Barclay Loan App
Barclay Loan App is another great ghana money lending platform that gives you access to instant loans without collateral. The app offers loans to individuals with current accounts.
If you’re interested in using a Barclay loan, you can apply through their online banking platform or through Barclay Loan App and get your account credited in less than 15 minutes once it has been approved.
Before you proceed to apply for a digital loan through Barclay, they will inform you about their interest rate before they approve your loan request. The app is available for download on Google Playstore.
Fair Money Loan App
What You Need In Other To Get A Loan From Fair Money
- You’ll need a smartphone on which you’ll download the app.
- You’ll need to sign using your real credentials
- You’ll need to confirm your identity