A loan is giving out money, property, or any other material to another in exchange for repayment in the future of loan value with interest. There are many forms of loans some are student loans, it is securing a money loan from a financial institution to sort out your educational Bill, especially school fees and accommodation fees, home loans for securing a residential property, car loan, and many others.
In this article, we will look at loans we can receive through mobile money. Mobile payment refers to payment services operated under financial regulation and performed from or via a mobile device. it is used by individuals and corporate bodies to send, receive and save money. Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile to pay for a wide range of services and digital or hard goods.
Once you have subscribed to a particular network’s mobile money service, you can receive, send and save on your account and also take loans. let’s see some loans we can take through mobile money.
LOANS IN GHANA THROUGH MOBILE MONEY
Fido Money Lending Limited
Fido Micro Credit (FIDO) is a financial institution based in Accra, Ghana, and licensed by the Bank of Ghana. FIDO provides fast and easy short-term loans, called FIDO Loans. Our customers can apply for a FIDO Loan directly from their mobile device and receive a credit decision within minutes. The loan is available to artisans, micro-entrepreneurs, and SMEs to grow their businesses. Just verification of ID and mobile money account is necessary before disbursement of the money. No collateral or guarantors are required.
No. 48 Blohum Road
Dzorwulu, Accra, Ghana
Near Sid Theatre and Medlab
From Perez Chapel junction, continue down the road to Dzorwulu (inside) until you reach the T-junction.
- Customer Support:
024 243 6885
- working hours
Monday-Friday: 8:00 – 17:30
MTN QWIK LOAN
Qwik Loan is an innovative financial solution by Afb Ghana and MTN MoMo that provides quick and convenient loans to subscribers of MTN MoMo. It’s a short-term, unsecured, cash loan paid into your MTN Mobile Money wallet. The loan is simple and accessible, with no previous savings required. If you pay your loan on time, every time, then you will continue to have access to a loan whenever you need it.
PROCEDURES TO REGISTER FOR MTN QWIK LOAN
- Dial *170#
- Select option 5 -financial services
- Select option 3 – loans
- Select option 1 to register for free or option 2 to view terms and conditions
5. First National Bank
6. GTBank QuickCredit
7. Izwe Savings & Loan
8. Blue Financial Services Ghana Limited
9. Access Bank PayDay Loan
10. Ecobank Personal Loan
11. Direct Savings & Loans
12. Blue Horizon Microcredit
13. UMB SpeedApp