Phone: +233 (0) 302 251 042. Once approved, you will receive the funds within 5 minutes. FIDO is a financial loan institution headquartered in Accra, Ghana and licensed by Bank of Ghana. However, to have access to this convenient platform, you need to complete the MTN Mobile Money registration process. Orbit money lending seeks to provide quality and timely financial products to clients and assist in the growth and development of the Ghanaian economy, both public and the private sectors. Paylater allows you to get a loan without any collateral, paperwork, or guarantors. Today, anyone can have access to a quick loan right from their account. While the coverage is broad Tel: +233 234-972-832 or +1-508-812-0505 In most cases, the requirements and terms of repayment are more relaxed than those of traditional banks. To help our customers manage such emergencies, Blue Ghana has tailor-made the CashXpress loan product for its customers. If you’d like to write for us, contact us for PR or to submit an article click here. If you already have a Qwikloan, failing to pay it on time may lead to the moneylender denying you another loan. © 2017 – 2021 - Mfidie.com. Every blessed day, thousands of cedis are being made on the internet by ordinary Ghanaians just like Myself and you. Of course, the loan comes with interest. The MTN Qwik loan is an initiative by afb Ghana and MTN Mobile Money providers to offer quick to subscribers of MTN mobile money service. It’s a short term, unsecured, cash loan paid into a subscribers MTN Mobile Money wallet. This is another mobile loan in Ghana offered by MTN. To repay your mobile money loan in Ghana, you need to deposit the required amount into your mobile money account and it will be deducted automatically on the due date. The institution provides fast and easy short-term loans, called FIDO Loans to its customers. Once you pay on time then you unlock the initial limit and now you can apply to be given up to 600 GHS. This financial institution was formed in the year 2010 and since then, they have grown to cover a large portion of Ghana’s financial sector. Upon completion, the system will review your application for credit worthiness. If you fail to pay on the stipulated date, you will have to repay the amount at an interest rate of 12%. Despite MTN Qwik Loan, the MTN Xpressloan is yet another loan offer that the mobile network has for MTN Mobile Money users in Ghana. Move Money Quickly transfer money either within you own UBA accounts, other UBA accounts or to accounts of other banks via NIP & NEFT. As far as you are a subscriber of the MTN MoMo, you can get access to the loan anytime and anywhere you want. Pay for internet services, utilities, school fees, investments and insurance, tax, transport and toll payments, mobile money, and so much more. Thus, the providers can only give you the loan base on your MoMo transactions and also the commitment to the service. The good part is that MTN, which is one of the leading players in the mobile money service here in Ghana has made viable partnerships so the masses can access loan facilities.. You can now easily get a loan from your mobile network provider depending on your credit risk. That’s all, you have successfully gotten the loan now you can withdraw the money from an MTN Mobile merchant or you can withdraw your mobile money at an ATM. You can get upto 1,000 Ghanaian Cedi at an interest rate of 6.9%. Fido is easy to use, regardless of where you are. This is one of the most known types of mobile money loans in Ghana. That is if you have sufficient interest and motivation to create something substantial for sufficient future gains. Requirements; Download the Fido App; Valid National ID; Duly filled application form; Residential details; You must be a resident in Ghana; You must have registered an MTN mobile money or AirtelTigo money in your name for 8 weeks; Related: Scroll down to read more on Mfidie.com.Follow us on Twitter, FB, IG, Telegram & YouTubeWe accept Guest Posts. It is important to note that the charges of this credit product are not fixed. MTN QwikLoan; Paylater; Fido Money Lending; 1. Kiakia helps you to apply for a loan 24 hours a … Jumia Affiliate. Email: [email protected] AFB Ghana. MTN QWIKLOAN (pronounced quick loan) is a service that offers MTN Mobile money subscribers the avenue to apply for a loan using their mobile money wallet. You can get up to a tone of a thousand Ghana Cedis (GHC 1000). The MTN Qwik Loan is one of the most used mobile money loan service I know so far in Ghana with over 90% of subscribers using it. Mobile Money transaction has become the order in Ghana especially with regards to making transaction easy, fast and convenient. There are terms and conditions regarding the loan offer which you can read. To repay the loan, deposit the repayable amount into your MTN mobile money account and it will be deducted automatically on the due date. Alternatively, you can use the following steps: Similar to other African countries, the mobile money and internet revolution have transformed the financial ecosystem in Ghana. September 17, 2020 Mobile Money Loans. NB: You can get up to 200 GHS on your first loan application. You have the chance to apply for a loan and get it within some couple of minutes on your mobile phone … When you repay the loan on time, you become eligible for a larger amount. Legalisation of Cannabis and the Future of Agriculture in Africa, FIDO CONNECT TO CASH (https://youtu.be/g1V_KAZNrC8), Funding Opportunities for People with Disabilities in Africa, How to Fund Your Business Startup in Kenya, 7 Platforms For Mobile Personal and Business Loans in Kenya, How to Access the Nigerian Youth Investment Fund, Quick Online and Mobile Loans in Nigeria Without Collateral, How to Get Investors for a Business Startup in Kenya, use your MTN registered number to dial *170#. Qwikloan is a product available to MTN subscribers. Apart from the MTN Qwik loan which is one of the popular mobile money loans out, there are other ways to obtain loans right from your mobile account and this article is going to cover that. Applicants can receive the cash within 24 hours’ application and this loan also does not require security, collateral or bank account. This bank offers very amazing loans in Ghana. You can get the loan by either visiting one of their branches or applying for it through your mobile phone. Offices: 1st Floor, Maestro Plaza, Kotobabi, High Street, Accra, Ghana. The options are usually btween 50 and 1000 Ghanaian Cedi, Select ‘Loans’, ‘XpressLoan’, and then ‘Repay my loan’ in that order, Enter your PIN and then input the amount you intend to pay. slect ‘Loans’, ‘QuikLoan’, then ‘Get a loan’ in that order. At the initial stage, you may have a limit to the loan. Let your loved ones know about this new MoneyGram service. These individuals make the money doing a simple and easy task that any normal person can do. The marked increase in mobile money usage is not unique to Ghana. The lowest interest rate for future loans is 8% for 30 days. OUR MISSION. You should give any of them a try if you need a loan. First-time borrowers can get 200 Ghanaian Cedi and pay it within 30 days. They are just so attractive in terms of fulfilment. Alternatively, you can use the following steps: Dial *170# Select ‘Financial services’ Select ‘Loans’, ‘XpressLoan’, and then ‘Repay my loan’ in that order So if you are ready to get the loan from MTN, you can follow the below steps. It offers fast short-term loans to customers. If you pay your loan on time, then your loan limit will be lifted and you can demand loan of up to GHS 1,000 from this institution. As usual, you must be an MTN mobile money subscriber before continue to demand the loan because it can only be granted using the service. To apply for a Fido loan on your mobile phone: There are NO UPFRONT FEES for using the FIDO mobile app or applying for a FIDO Loan. Literally, the MTN Qwik Loan is an initiative by afb Ghana and MTN Mobile Money service providers to offer quick loans to subscribers of the MTN Mobile Money … The fintech revolution has made it easy for Ghanaians to borrow a substantial amount of money without having to visit a physical bank. Fido Micro Credit (FIDO) is a financial institution based in Accra, Ghana and licensed by Bank of Ghana. MTN QwikLoan. Share. MTN XpressLoan. FIDO Money Lending Limited (FIDO) is a financial institution based in Accra, licensed by Bank of Ghana. 3. Enter the amount you intend to borrow. One of the factors that has triggered this growth is the increased penetration of mobile phones. The mobile money in Ghana has been expanding at a higher rate than anywhere else in Africa. Mfidie.com - Technology Blog in Africa - Tech in Ghana; News, Gadgets, Reviews, FinTech, Gaming. One of the interesting aspects of Paylater is that you get a discount on your next loan if you refer someone to the site and they repay their credit on time. But make sure you pay back in time and stand the chance of getting more from MTN. FIDO Money Lending Limited (FIDO) is a financial institution based in Accra, licensed by Bank of Ghana. Izwe loans are a non-bank financial institution not only Accra Ghana but also other countries in Africa. Another way to get mobile money loan in Ghana is through the FIDO loan lending institution. 1. We charge a processing fee which will be disclosed to the customer prior to accepting a loan, and are paid only after you get your money, when your loan is due for repayment. We will show you how to get access to quick loans and also tell you other types of loans you can apply for. To borrow money from XpressLoan, follow the following steps on your phone: Alright, the above mentioned are some of the mobile money or quick loan apps in Ghana that you can apply for today. FIDO provides fast and easy short-term loans, called FIDO Loans. The institution provides fast and easy short-term loans, called FIDO Loans to its customers. Statistics show that Ghana’s e-commerce is largely dominated by Mobile Money transactions, so it’s only wise that you […] As mention earlier, the MTN Qwik loan was in partnership with the afb financial institution offering the loan to its subscribers. It’s one of the well-known financial institutions in Ghana that is not only secure and easy to use but also processes your requests in minutes. The interest rates for new customers start at 14% for 30 days. One of the financial services that has been largely embraced by the registered mobile phone owners in Ghana is loans. Meaning when paying back your loan, you pay with an additional charge. How to Make Money Online in Ghana Through Mobile Money. List of Mobile Money Lending Services Available in Ghana. FIDO provides fast and easy short-term loans, called FIDO Loans. If you generally love tech, want to learn about the latest trends in social media, gadgets, artificial intelligence, telcos and technological advancements in Ghana or tech companies and startups in Ghana, you’ll feel right at home here. Among the mobile money lending apps in Ghana, Kiakia is relatively recent. If you need a loan from letshego savings and loans, formerly afb Ghana… Online Opportunities How To. 5. The smart cash is a short-term loan of up to 30 days, with an easy to understand terms. Thank you for making Mfidie.com Ghana's Biggest Tech Blog.You are the reason we produce quality digital content. For instance, between 2012 and 2017, the number of registered mobile money accounts in the country rose six-fold. They offer different types of loans including the Qwik loan, Smartcash loan and the payroll loan. This has made it easier for individuals who previously couldn’t access formal financial services to enjoy them at the comfort of their homes. Get GHS 2,000 in 10 Min. How to get Mobile Money Loans In Ghana; GHS 1,000 in 1 minute, Select option 5 that’s, financial service pic, Enter your mobile money pin for confirmation. Just Like the MTN MoMo Qwik loan, FIDO does not also require collateral or guarantors before given you the loan. This service was introduced by afb bank in collaboration with MTN Ghana. To have access to the loan, you will need to pass through a one-time verification of … All you need to have is an active payroll and you are good to go. The more times you take loans and pay up the bigger your loan limit grow. The smartcash loan is also another type of loan by afb. All you need is a working android phone and you can get online loans in Ghana. There is no need for savings or paperwork and the money is sent directly into the subscriber/applicant’s MoMo account. The recipient usually receives the loan on his mobile money wallet (Vodafone Cash, MTN Mobile Money, AirtelTigo Cash). You will receive a text message showing that you have received the money into your mobile money account. For first-time borrowers, the amount is usually 50 Ghanaian Cedi or less. Without adhering to complex loans terms stipulated by banks, you can now access mobile and online loans in Ghana without collateral. Alternatively, dial *170# and select ‘Repay loan’. News Ghana is a leading online news portal for business coverage in Ghana as well as the wider West Africa region. On Mar 23, 2020. Kiakia is a simple, completely online lending platform that provides Ghana with short-term loans to help cover unforeseen expenditures or urgent cash needs. The minimum one can get in a GHC 50. You can send to Ghana mobile money wallets in just a few simple steps. The emergency cash loan helps customers to quickly manage their emergency cash needs. The loan is available to salary, contracted and self-employed professionals. Enter the preferred amount to be sent (in Dollars) The amount would be converted into cedis for you. Jumia is an online shopping website that deals in variety of products, from fashion trends to high end consumer electronics. MTN in collaboration with afb Bank introduced Qwik Loan to the network’s subscribers. With the introduction of mobile money services and the advancement in security and cybercrime checks, many companies today don’t require collateral before even granting a loan to their customers. Nigeria, Kenya, Uganda, and South Africa also registered significant growth in mobile money transactions (Diniz, Albuquerque and Cerney, 2011). Please let us know in the comment if you have any mobile money loan providers in Ghana that you think should also be listed but we’ve not listed here. Many of you might have already heard of the MTN Qwik Loan since is one of the most common types of mobile money loans in Ghana. Approximately, 128% of the country’s population own a phone. Like other online and mobile loans included in this article, you don’t need a guarantor or collateral to get a Fido loan. Qwikloan is an instant way to access a cash loan, at any time for any purpose from one’s Mobile phone.
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