Top Five (5) Best Loan Apps Without Collateral You Should Try
FairMoney Loan App
The FairMoney loan application gives everyone a chance.
It is for normal young Ghanaians who urgently need to borrow money, particularly students.
Fairmoney is comparatively one of the more recent apps for quick loans in Ghana.
This new generation app provides borrowers with a legitimate means of obtaining an urgent loan.
Similar to this, fairmoney is a personal finance tool that lets you manage crucial things like car maintenance, medical emergencies, etc.
Fido Micro Credit
Fido Micro credit is one of the most popular methods for borrowing money in Ghana.
Accra, the nation’s capital, is home to the financial organization Fido Micro Credit (FIDO).
The Bank of Ghana has granted the institution a license and is well familiar with it.
Therefore, the main focus of FIDO is to offer quick and simple short-term loans, often known as FIDO Loans.
The good news is that with Fido, you may obtain a loan without providing any collateral; all you need is a valid national ID.
If you fall into one of the categories, Fido also offers loans to students and small business owners.
All you need to get started is an active Mobile Money account and a valid ID.
All you need to get started is an active Mobile Money account and a valid ID.
Your driver’s license, NHIA membership, voter ID, national ID, or even your passport are all acceptable forms of identification.
MTN Mobile Money or AirtelTigo Money should be the recommended mobile money provider.
You must be a resident of Ghana and older than 18 years old, and it must have been registered in your name for at least two months.
First-time borrowers are eligible for a maximum of 200 GHC to be paid back within 10 to 33 days as part of FIDO additional incentives.
The next time you request for a loan, keep in mind that you will receive a larger sum and lower interest if you pay back on time.
Fido Cash is one.
KiaKia Loan App
KiaKia Loan App has received an above-average 3.3 star rating in the App Store.
With KiaKia, the circle effectively goes: “You fund, they invest, you earn,”
One of the top lending apps available in Ghana right now is this one.
In Nigeria and Ghana, KiaKia is a subsidiary of Sterling Bank.
The Kiakia loan app is unique in that there are no requirements for guarantors, collateral, or any type of paperwork in order to utilize the facility.
Along with not requiring a guarantor, they also provide low interest rates.
Carbon (former Paylater Loan App)
The well-known loan app PayLater is now known as Carbon, and it gives you access to quick loans.
You can borrow up to GH5,000 with Carbon without providing any security.
The process of getting started with Carbon is quite basic and straightforward.
First, submit the online loan application form from any location.
Second, upload legitimate documents such a passport photo, bank statements, and a national ID.
Finally, submit a loan application to receive the funds in your bank account as soon as they have been evaluated and accepted.
Absa Ghana loan app
Based on your demands, this loan app offers a variety of loans.
For instance, they provide enterprise and surprise chain growth loans, regular loan accounts, commercial asset financing, and business solution loans.
They also provide school plans and employee salary overdrafts, both of which can be applied for online at their website.
One of Ghana’s most trustworthy online loan platforms is Absa Ghana Loan.
They are even better because you don’t need to put up any security when applying for a loan.
It is a component of Absa Group Ltd., an organization that provides financial services across Africa and strives to uphold the continent’s honor.
They now have much greater recognition and credibility from all relevant institutions as a result.
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