Get Fast Online Mobile Money Loan in Ghana

Getting access to mobile money loan online in Ghana these days is simple, convenient and less time consuming. There are many financial institutions and telecommunication networks have collaborated to give out instant loans without collateral or guarantors.

And today, thanks to the mobile money service, you can request for a loan in the comfort of your home.
Today telecommunication networks and financial institutions have made it easy to get access to instant loans.

Take MTN, one of the leading telecommunication networks in Ghana has made it possible for its customers to acquire instant loans depending on credit risk. Down below is how to get instant loan from this leading telecommunication company.

CashGhana Limited

CashGhana Limited offers quick mobile money loan to all salaried workers. It helps workers pay their bills and cover for emergencies while awaiting their next next paycheck. The company only offers short-term loans, which you can get without putting anything up as security.

In most cases, loan applications are processed and approved on the very same business day they are submitted. To acquire emergency cash, you need to fill out the proper paperwork, present identification, and get a letter from your company’s account office.

CashGhana will transfer the funds to you as soon as your application is granted.

MTN Quick Loan

The MTN quick loan is an initiative of AFB Ghana and MTN mobile money service to offer instant loans to its subscribers. The loan when requested, is paid into the mobile money wallet of the subscriber. There are also limits as to how much one can get at the initial stage.

Your first online mobile money loan could be less than GhC100. As you pay back the loans on time, your loan limit increases from say Ghc 200 to Ghc 2000.

Let’s be reminded that loans come with interest and you will have to pay an additional amount as you pay back the loan.

Steps to acquire an instant loan from MTN Ghana.

• Dial *170#
• Select option 5 (Financial service)
• Select option 3 (loan)
• Select option 1 (to register loan for free)
• Enter mobile money pin to confirm
• Wait for a confirmation message
• SMS for application approval
• After going through these steps above, you get an instant loan and you can go ahead and use the money for your needs.

Which Banks Give Instant Loans In Ghana?

There are so many banks in Ghana that give out instant loans. They give these loans out on interest, but are very reliable and secure with less or no documentation. There are a few bank I would like to show you;

1. GT QuickCredit

The GT quick credit is an innovative product develop by GT bank to give it retail customers instant access to cash for their pressing needs. This product is for salaried workers.

Individuals with salary accounts at GT bank can borrow up to 100% of their monthly salary at 18% per annum interest, and also enjoy up to 12 months flexible repayment plan.

How to apply for QuickCredit in Ghana

• Dial *737*0#
• Select option 1(Payday Credit)
• Agree to terms and conditions
• Enter amount to borrow
• Enter tenure (Up to 12 months)
• Enter your pin to confirm transaction.
• Your account will be credited instantly in the comfort of your home with no hustle.

2. Access Bank Payday Loan

Access bank gives payday loans to customers as a quick relief to cover for emergency needs. The Access bank payday loan is an instant loan facility for salaried workers whose account are domiciled at the bank.

Payday loans in Ghana requires no documentation or collateral security compared to the traditional loan application process. However, there is a limit to how much you can get. Typically, you can only access an amount less or equal to 40% of your monthly net salary.

How to get Payday loan at Access Bank

• Dial *901*11#
• Select option 1(Payday loan)
• Follow the prompts to request your loan.
• When successful, the bank will credit your account with the loan

3. Stanbic Bank USSD Mobile Banking

With the free Stanbic Bank USSD Mobile Banking service, customers can access their accounts by dialing *715# from their mobile device. Getting a personal loan or other quick cash solution is also a breeze with this method. You can borrow between GHC 700 and GHC 200,000.

Stanbic Bank offers salary advance at minimum of GHC 100, with no maximum overdraft limit. The overdraft is tailored to meet your cash flow needs until your next cheque or salary payment.

4. Izwe Savings & Loans

Get mobile money loan online up GHC 40,000 for a period of 72 months from Izwe Savings & Loans. You can apply for the loan through their call center, agent network, any Izwe branch or through their website.

It usually takes less than 72hours to receive the loan in your wallet or bank account.

Which Apps give fast loans online?

In today’s world, loan application and processing is now instant and easier with apps. There are so many apps you can download from Google Play Store with your smartphones to get your instant loan in your comfort zone. Here are some of the common loan Apps in Ghana;

Branch Loan App

The Branch Loan app is one of Ghana’s best mobile money loan apps. This app allows you to apply for a credit loan without collateral. You can complete your application in seconds.

They disburse money directly into your account immediately after application. It is always available for access 24/7 and reliable.

How to get on the Branch App

You can apply for Branch loan Ghana with the following steps:

• First download the app from the Google Play Store.
• Create your account with your details
• Apply for your preferred loan option
• The loan will be disbursed instantly into your preferred bank account.

Boseapa Loan App

You can get a mobile money loan in Ghana with Boseapa Loan App. The App gives instant loan to users with no collateral requirements. Applicant can get up to Ghc 60,000 to sort out emergencies

You can get a loan quickly and have the money deposited into your bank account without any hassle thanks to their round-the-clock customer service. You can apply for a Boseapa loan on their website or mobile app if you need money for unexpected expenses like medical care, car repairs, travel, or utility bills.

True Cedi Loan

With the True Cedi App, you can access quick mobile money loan at reasonable interest rates. This instant loans online can help you sort out any emergency financial needs such as medical bills, vehicle repairs and maintenance, travel tickets and the like.

You get minimum of GH¢50 to a maximum of GH¢60,000 in mobile money loan online through the True Cedi Loan App.