UBA Flexi loan

Traditional lenders like banks are competing with online loan platforms for customers. Online loan providers have a lot of benefits, which has led to their rapid client growth.

To begin with, internet loan lenders don’t require collateral, which discourages consumers from applying for bank loans. Therefore, for those without a security for the money they need, internet loans in Ghana without collateral are a lifeline.

If you want loans in Ghana without collateral, you must be aware of the best apps to use and loansinghana.com is here to assist you. Make sure to only download trusted apps; otherwise, you run the danger of disclosing your personal information to suspicious parties.

What is a loan with collateral?

Collateral loans are frequently referred to as “secured loans.” This implies that you must use something you own to guarantee the loan. Therefore, the lender may seize the collateral if you are unable to repay the loan. And this may apply to any of your possessions, including your home, car, savings account, jewelry, and investment portfolio.

Therefore, a “loan without collateral” is the reverse of a collateral loan. where lenders do not demand that you use property that you own to guarantee the loan.


List of 5 online loans without collateral in Ghana

  • Carbon Lending App

No matter your social or economic standing, you are eligible for a loan from the carbon lending app. Additionally, you may quickly submit loan requests, execute payments, and do so using their Android mobile app.

Requirements for Carbon Lending App

  1. Information about the application


  2. Employment information


  3. Passport picture
  4. The sum you want to borrow.
  • Xpress Loan

In Ghana, MTN provides another another quick mobile loan without collateral. Customers of MoMo who frequently replenish their MTN phones with airtime and utilize their mobile money accounts are eligible for it.

Note that they do not predetermine the costs associated with this loan product. As a result, it is crucial to comprehend the terms before applying for a loan.

How to access XpressLoan in Ghana

  1. Dial *170#
  2. From the drop-down option, choose “Financial Services.”
  3. Choose ‘loans’ in that order. ‘XpressLoan,’ followed by “Get a loan.
  4. Enter the PIN for your mobile wallet.
  5. Go to “View Offers” to select your preferred amount.
  6. 50 to 1000 Ghanaian Cedis are typically available as alternatives.
  7. Verify the agreed-upon timeframe for repayment.


  • Bloomkash Loan App

You have access to up to 1,000 GHC using the Bloomkash lending app without providing any security. Lenders who are just starting out can borrow up to 65 GHC. Additionally, the business provides daily interest rates ranging from 0.1% to 1%.

How to Borrow from BloomKash Loan App

  1. Install the Bloomkash mobile app by visiting the Google Play store.
  2. Enter your essential personal information in our short application form.
  3. Upload legitimate documents such a passport photo, bank statements, and a national ID.
  4. Funds are normally received within five minutes of approval.
  5. To improve your chances of getting a bigger loan amount and a cheaper interest rate for your next loan, repay your loan on or before the due date.

One of the top loan applications in Ghana is the OZE SME. It provides business owners with affordable interest rates to finance their enterprises. To offer loans to business owners, the organization collaborates with other fintech firms. For certain periods, their interest rate is as low as 3%.

How to Borrow from OZE SME

  1. Utilize your smartphone to download and set up the OZE SME business loan app.
  2. Create a profile.
  3. Simply complete the form and submit it.
  4. Connect your bank account
  5. Make an online loan application.
  6. Your bank account will immediately be credited with the loan.
  • MTN QwikLoan

You can obtain loans with the MTN Qwikloan up to 1,000 GHS. The minimum loan amount is 50 GHS, and the maximum is 1000 GHS. Customers are limited to one loan at a time, and they can only apply for another one once they have paid off the first. The interest rate on the loan is 6.9%.


READ ALSO: Auto Loans In Ghana

Lending Rates For All Banks in Ghana

Instant Mobile Money Loans in Ghana


SOURCE: http://loansinghana.com

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