Online Loans In Ghana Without Collateral

Acquiring loans in Ghana can be a very difficult task especially if you have no idea of who the best lending company is. There are several loan companies in Ghana offering competitive loan facilities to their clients.

Most of these loan companies offering loans to customers do so on collateral terms, thus the borrower must provide a tangible and valuable item to pledge as a security for repayment of loan.

I did a thorough physical and online search for companies in Ghana offering loans to customers without collateral. I would never recommend secured loans (ones that require collateral) unless absolutely necessary.

Below is a list of collateral-free loan lending companies in Ghana I found.


Zidisha is a top-notch collateral-free loan lending online platform. Basically, it is a platform that connects lenders to borrowers. With this platform, there is no intermediary. You are connected with your lender directly thereby reducing the interest rate on loans.

Zidisha offers loan to both unemployed and employed people. In the employed category, you can borrow money to expand or start your business. If you are student (unemployed) you can also access this loan with no collateral using just your mobile phone.

After a successful first application, you get a small amount of money which increases as you repay on time to build your trust level on the platform.

To sign up and apply for this loan visit for more information.


Mobile Money Loans

Mobile money loans are one of the popular collateral-free loans in Ghana. There is no age requirement when accessing this kind of loan. All you need is to be registered on any of the mobile money services in Ghana.

Let’s start with MTN Ghana. MTN Ghana in collaboration with letshego first introduced the quick loan facility which any MTN mobile money subscriber can apply with no collateral.


MTN Ahomka Loan

This is also another unsecured loan that pays directly to your mobile money account with no papework or savings. To get bigger loans without collateral you need to repay previous loans on time and keep using your momo account for transactions.


MTN Express Loan

MTN Express loan is similar to quick loan, you can apply without having any collateral. To apply for this loan CLICK HERE.


MTN Qwikloan

Quick loan is the most popular unsecured, collateral-free, personal loan in Ghana. It was the first of its kind to be introduced into the mobile money lending space. To apply, dial *170#, choose financial service, select loans, select MTN Quick loan and follow the proceeding steps to continue.


Vodafone Cash Loan

If you a Vodafone Ghana subscriber you can apply for any of the available unsecured Vodafone cash loan without any collateral.

For more information on Vodafone Cash Loans and how to apply, CLICK HERE.



BloomKash makes it effective for you to access credit anytime, anywhere without collateral.

  • Why BloomKash?
  • You can apply loan by your credit. Don’t need any deposits or guarantees.
  • Up to GHC1,000. Disburse to your bank account in a while.
  • A paperless and digital process on your mobile. All the steps can be done online.
  • We do not share your data with any third parties without your consent. Your data is totally safe with us.
  • Don’t worry about forgetting repayment. We’ll send messages to remind you.


How it works

  1. Install the BloomKash APP from the Play Store.
  2. Register an account.
  3. Select the product you would like to apply for.
  4. Fill out your basic information, then submit the application.
  5. After the submission, you may receive a call for verification. The final application result will be shown in the APP and you will be informed by SMS if approved.
  6. E-sign the loan agreement after the approval.
  7. After the E-sign, the approved loan amount will be disbursed into your account shortly and a SMS notification will be sent.


Important things to note

Online loans without collateral can be seductive. It is advisable to take a loan to start or expand a business you have enough knowledge about.

Failure to pay any of the above online loans can cause you

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