Are you in need of quick cash to cover an emergency expense or to pay off a debt? If so, you may be wondering which bank provides instant loans in Ghana. Fortunately, there are many lenders in Ghana that offer mobile money loans with low interest rates and flexible repayment terms. MTN Qwick Loan Qwickloan is one of the most popular loan services in Ghana. It offers up to 1,000 Ghanaian Cedis with an interest rate of 6.9%.
You can use it to borrow up to 15,000 GHC and return the money in 30, 60 or 90 days. Fido Money Lending Limited is another great option for those looking for an instant loan. It offers loans up to 200 GHC with no hidden charges and repayment periods of 10 to 33 days. BloomKash is a secure and reliable online lender that provides instant mobile money loans.
You can borrow up to 15,000 GHC and repay it within 91 to 365 days. CashGhana Limited is one of the best companies to get fast loans in Accra. It offers a salary advance of up to 15,000 GHC without collateral. Blue Financial Services Ghana is another great option for those looking for emergency loans in Ghana.
It offers term and emergency loans with competitive interest rates ranging from 2.62% to 3.96% per month, depending on the repayment period. QuickCredit is a GTBank service that allows retail customers to get instant money for their needs. If you have a bank account with GTBank, you can get a salary advance or borrow up to 100% of your monthly salary with a 1.5% charge for a refund duration of 30 days. Izwe Savings & Loans offers personal loans up to 40,000 GHC with a fixed term of up to 72 months and affordable monthly payments for public administration workers. Ecobank also offers short-term loans up to 50% of your net monthly salary with a repayment period of 30 days up to one year. Stanbic Bank provides customers with access to credit and overdrafts up to 100% of their monthly salary with no maximum overdraft limit.
With so many lenders available today, it's easy to borrow mobile money in Ghana and get the cash you need quickly. If you are an MTN subscriber, you can access MTN Qwik's loan through AFB financial institution at an interest rate of 12.5%. First National Bank also offers personal loans even if you already have a loan. Customers with salary accounts with the Bank can borrow up to 100% of their monthly salary at an annual interest rate of 18% and enjoy a flexible payment plan of up to 12 months. If you need extra money for a vacation, study or more, one of these short-term loans could be ideal. Applying is easy, approvals are fast, and best of all, you have a range of payment options.
As long as you are a subscriber of MTN MoMo, you can access the loan anytime and anywhere you want. For people who expect to apply for higher loan amounts, they have to apply for lower loan amounts and repay them in time to build a credit history with the company to qualify.