5 Best Loan Apps In Ghana 2023

5 Best Loan Apps In Ghana 2023

In today’s fast-paced world, financial needs can arise unexpectedly, and having access to quick loans can be a lifesaver. Ghana, like many other countries, has witnessed a surge in the popularity of loan apps, providing convenient and accessible financial solutions to its citizens. In this article, we will explore the top 5 best loan apps in Ghana 2023 that have gained trust and popularity among borrowers.


Best loan apps in ghana

The Top 5 Loan Apps in Ghana For Quick Assistance 

1. Fido Money lending 

Fido Money Lending is a well-known loan app in Ghana. It offers a variety of loan products, including personal loans, salary advance loans, and business loans.
Fido uses alternative data sources and artificial intelligence algorithms to assess creditworthiness, making it accessible to a broader range of borrowers. Their competitive interest rates and flexible repayment terms have made them a top choice.

This lending app requires no collateral and only your personal information, such as your home address, ID card, and office address, to complete the application procedure.

Finally, Fido loans have a 30-day repayment period and loan amounts ranging from GHC 200 to GHC 3,000. And each user is only permitted to borrow one’s at a time.

Requirement for Fido money lending:

  • You must be a Ghanaian living in Ghana.
  • You must be at least 18 years old.
  • Have an active mobile money wallet, registered in your name.
  • Have a valid Ghana Card


2. Carbon

Carbon loan app/Myfinanceng.com

The Carbon platform / app is a very simple to use fast loan platform that offers loans of up to 500,000 GHC. After your application is approved, you will receive the loan within 1-3 business days, at an interest rate ranging from 1.75% to 30%.

Paying off the loan early gives you access to increased credit limits, which take effect the next time you take out a loan. And, sure, Carbon does make loans without requiring collateral. Carbon, in addition to being a loan app, also provides;

  • 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.

Requirement for Carbon loan

  • You must use the carbon app
  • You must fill your basic details correctly( name, phone number and others)
  • You must snap a clear photo of yourself real time via the app
  • You need to add your bvn
  • you need a bank account number to receive the loan
  • You need to bind your atm card for easy repayment.


3. GhLending

GhLending is another Ghanaian online loan app that allows users to obtain loans at low interest rates. The loan amount ranges from GHC 100 to GHC 5,000, with a 0.04% interest rate.

The loan period ranges from 90 days to a year, and no collateral is required to qualify. The application process is simple, and your loan request can be accepted and disbursed within a day.

To begin, download the loan app from the Google Play Store, create an account, and fill out the required information.

Requirement for Ghlending

  • Applicant must be at least 18 years of age
  • You must have government-issued identification card
  • You must open an active momo account with your name
  • you must have an active phone number
  • you must be a Ghanaian
  • you must have a steady and verified source of income
  • You must have an active email address


ALSO READ: Best loan apps in Nigeria 2023


4. CediHelp

CediHelp is another Ghana loan app where you can get instant loans without collateral or a guarantor. All you need is to ensure your details are correct.

This makes it very easy and fast to obtain your loan using your mobile device anywhere or anytime. The loan amount ranges from GHC 100 to GHC 5,000 with an interest rate of 3% to 30% yearly, depending on the amount you want

The requirements are;

  • You must be 18 and above years old, and you must be a citizen of Ghana.
  • Download the app from your Play Store.
  • Sign up, input your details, and ensure all details are correct.
  • Submit the application form for review.
  • Once you qualify, the money will be sent directly into your account.


5. Aella Credit 

Aella credit loan app

 Aella Credit is a Nigerian-based loan app that has expanded its services to Ghana. They offer instant loans to individuals and small business owners. Aella Credit focuses on financial inclusion and provides credit to individuals without traditional banking histories. Their user-friendly app and quick loan disbursement make them a preferred choice for many in Ghana.

Requirements for Aella credit loan:

  • Number for Bank Verification (BVN)
  • Name, contact information (phone, email), and other basic particulars
  • Details of your bank account
  • A picture of you might be required in real time
  • The number on your employee ID. This is if you apply based on your employer’s partnership with them.



These five loan apps have established themselves as reliable sources of quick financial assistance in Ghana. However, it’s crucial to borrow responsibly and understand the terms and conditions associated with each app. Always consider your ability to repay the loan before borrowing and explore the options that best suit your financial needs and circumstances. With the convenience of these loan apps, Ghanaians can better manage their finances and handle unexpected expenses more effectively.

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