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Ikiodiete George
- 4 Min Read
Top 10 Best-Rated Loan Apps In Ghana For 2025 (Instant Approval & Momo-Friendly)
Gone are the days when getting a loan in Ghana meant wearing your Sunday best and queueing up at the bank with a folder full of documents. Thanks to technology, loan apps in Ghana in 2025 are now faster, smarter, and fully mobile-money (MoMo) enabled.
Whether you need emergency funds, want to sort out school fees, fix your car, or expand your small business, these top-rated loan apps will sort you out in minutes — no collateral, no wahala.
Below is the ultimate list of the top 10 best loan apps in Ghana for 2025, ranked by user reviews, interest rates, ease of use, approval speed, and MoMo compatibility.
Quick Comparison Table: Best Loan Apps in Ghana (2025)
|
Loan App |
Rating (Play Store) |
Loan Amount (GHS) |
Interest Rate |
Repayment Period |
Best Feature |
|
Fido Money Lending |
⭐ 4.5/5 |
100 – 3,000 GHS |
8% – 15% monthly |
10 – 33 days |
Fastest MoMo disbursement |
|
MTN QwikLoan |
⭐ 4.4/5 |
50 – 1,000 GHS |
6.9% flat fee |
30 days |
Embedded in MTN MoMo |
|
Carbon (Paylater) |
⭐ 4.3/5 |
50 – 5,000 GHS |
From 5% monthly |
15 – 180 days |
Credit score & bill payments |
|
Aella Credit |
⭐ 4.2/5 |
100 – 5,000 GHS |
Based on credit score |
Up to 2 months |
No paperwork needed |
|
BloomKash |
⭐ 4.2/5 |
200 – 3,000 GHS |
10% – 20% monthly |
91 – 180 days |
100% app-based approval |
|
FairMoney |
⭐ 4.1/5 |
100 – 10,000 GHS |
Flexible |
1 – 12 months |
Low fees + credit builder |
|
Fido Biz |
⭐ 4.1/5 |
Up to 15,000 GHS |
Varies |
Custom term |
For small businesses in Ghana |
|
SikaPurse |
⭐ 4.0/5 |
200 – 2,500 GHS |
12% – 18% monthly |
61 – 180 days |
Fast approval with no collateral |
|
Peachy Loans |
⭐ 4.0/5 |
50 – 2,000 GHS |
9% – 14% monthly |
1 – 3 months |
Simple app with no guarantors |
|
CashGhana |
⭐ 4.0/5 |
300 – 5,000 GHS |
Low fees for short term |
Up to 90 days |
Ideal for salary earners |
In-Depth Review: Best Ghanaian Loan Apps in 2025
1. Fido Money Lending
- Why it’s top-rated: Super fast, no collateral, disburses directly to your MTN MoMo.
- Extra: Repay on time and get access to higher amounts.
- Approval: Within minutes.
2. MTN QwikLoan
- The OG mobile loan in Ghana.
- How it works: Dial *170#, go to financial services, then QwikLoan.
- Requirement: Must use MTN MoMo actively for 90+ days.
3. Carbon (formerly Paylater)
- Popular in Nigeria & Ghana.
- Cool features: Bill payments, airtime loans, and credit scoring.
- User base: Over 1 million across Africa.
4. Aella Credit
- Smooth UI and fast funding.
- No paperwork required.
- Great for: Salaried workers and entrepreneurs.
5. BloomKash
- Sleek app interface, works across Android phones.
- Appealing to youth and informal workers.
- Disbursement: Instant to mobile wallet.
6. FairMoney
- Best for: Large loan amounts over long terms.
- Bonus: Pay bills, buy data, or apply for loans—all in one app.
- Credit system: Improves with each repayment.
7. Fido Biz
- Fido’s business loan branch.
- Supports: Small shops, POS agents, and traders.
- Required: Valid Ghana Card and business ID.
8. SikaPurse
- Lightweight app, low data usage.
- Reputation: Mostly positive reviews for reliability.
- Quick tip: Use consistently to grow your limit.
9. Peachy Loans
- Friendly for first-time borrowers.
- Transparent rates and no hidden fees.
- Usability: Clean interface, easy repayment.
10. CashGhana
- Best offline-online combo.
- How it works: Apply online, verify ID, and receive to MoMo.
- Trustworthy for: Monthly salary earners.
How to Choose a Safe Loan App in Ghana
|
✅ Do This |
❌ Avoid This |
|
Read user reviews before installing |
Using apps with no privacy policy |
|
Check if MoMo is supported |
Sharing Ghana Card with unverified apps |
|
Start with small loans and repay early |
Borrowing from multiple apps at once |
|
Use official Google Play Store apps only |
Clicking random WhatsApp loan links |
FAQs – Loan Apps in Ghana 2025
❓What is the best loan app in Ghana in 2025?
Fido, MTN QwikLoan, and Carbon are the highest-rated loan apps in Ghana for 2025.
❓Can I get a loan without collateral?
Yes, all the apps listed here do not require collateral — just a valid Ghana Card and active mobile wallet.
❓Which loan app works best with MTN MoMo?
MTN QwikLoan and Fido are the most MoMo-compatible and fastest to disburse funds.
❓Are these apps legit and safe?
Yes. These apps are either regulated by the Bank of Ghana or operated by licensed financial technology companies.
Final Thoughts
Loans don’t have to be stressful in Ghana anymore. With the right app, you can borrow quickly, repay easily, and even grow your credit score over time. Whether you’re funding a business idea or solving a personal emergency, these top 10 loan apps in Ghana for 2025 are trusted by thousands and designed for your hustle.
Pro Tip: Always borrow what you can repay — don’t use loans for betting or overspending.
