Getting a loan in Ghana at times can be very difficult and stressful. Especially as an average person who is not registered as a Government worker or someone having a huge property elsewhere.
No matter the reason behind your bold step to seek for the financial assistance, in most cases, it takes too much time a task to accomplish with ups and downs everyday.
Aside the stress, the main reason why people are unable to get loans is because of Collateral.
Because most loan companies consider government workers or huge properties (I.e Cars, Land, House, etc) as collateral which most people don’t have, it has become close to impossible for some people to go in for loans.
In recent times, there are now reputable loan companies who are capable of giving loans customers without any Collateral.
In this article, we have compiled a list of the Best Online Loans You Can Take In Ghana Without any Collateral at all.
The Best Online Loans You Can Take In Ghana Without Collateral
- Fido Loans
- Carbon or Paylater
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Zidisha Loans
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MTN Qwikloan
- Vodafone Ready Loan
- Direct Service NSS Loan
1. Fido Loans
Fido is a platform that allows people to apply for loans online and receive their loans online as well via Mobile Money.
With Fido, you only need to fill in the details of your ID card, current residence and your employment details (if applicable) when you initially register on the platform.
After registering on the platform and being eligible to take a loan, you will receive your money via mobile money few moments After you apply for the loan.
Fido loans operate on trust so it is not possible to take huge amounts if you are new to the platform. You have to take smaller amounts and pay on time prove yourself worthy before you will be eligible to take huge loans.
To use the services of Fido Loans, you need do Download their App on PlayStore.
Download the app on the Google playstore by Clicking Here
2. Carbon Or Paylater
Carbon or Paylater is a company that gives out loans to all types of persons from all backgrounds without Collateral.
One can borrow money on Carbon from GHC 5 to GHC 1000 easily.
With carbon, there is no extra charge on failure to meet your loan payment deadline. Where as there is no charge, in case you do not pay on time, you may not get a loan from them the next time you apply for a loan.
You only need to fill in the details of your ID card, current residence and your employment details (if applicable) and the amount you need for the loan.
Once your loan has been reviewed, your money will be sent via mobile money to you.
To use the services of Carbon, you need do Download their App on PlayStore.
Download the app on the Google playstore by Clicking Here
3. Zidisha Loans
Zidisha is one of the best and well-known loan companies in Ghana as they give loans up to GHC 50,000 without Collateral.
Zidisha is a peer to peer loan company on the internet which only requires your business objective, repayment plan and a GHC 40 payment for processing the loan.
Zidisha provides a safe platform for entrepreneurs or people in need of money to get loans from individuals who are willing to lend money.
To know more about Zidisha, their terms and taking of loans, visit their website at https://www.zidisha.org/
4. MTN Qwikloan
So Far, the most Popular Loan Service in Ghana. This Service is one that is available to only MTN Customers who use Mobile Money Actively.
If you frequently receive, send money and buy airtime from your MTN mobile money wallet you are good to go with taking a loan from MTN without Collateral.
With MTN Qwikloan, you can take up to GHC 1000 and the amount requested is sent to you through your MoMo Wallet in less than 5 minutes.
5. Vodafone Ready Loan
Vodafone Ready Loan is also a way of getting loan in Ghana without Collateral similar to MTN Qwikloan. The Loan Service is available to only Vodafone Cash users. If only you are found eligible on Ready Loan, you can successfully request for a loan and receive it within 5 minutes in your Vodafone Cash Wallet.
To learn More About Vodafone Ready Loan and how to get a loan from them, Click Here
6. Direct Service NSS Loan
The Direct Service NSS loan is also one way to get a loan in Ghana without Collateral and without any paperwork.
This service is only available to Currently validated National Service (NSS) Personnels who gets paid by NSS.
You can apply for a loan ranging from GHS100 to GHS2,200 through Direct Service Loan by NSS. This part of the loan application process is simple and can be completed using your mobile phone. When you apply for a loan through Direct Amount Service, the loan will be disbursed to your E-zwitch card and deducted monthly by NSS.
To learn More About Direct Service NSS Loans and How To Apply, Click Here.
The Best online loans you can take in Ghana
By now, I believe you now know about the Best Online Loans You Can Take In Ghana Without Collateral. At certain points in the life of some people, it occurs a loan will be required into cater for certain needs or a particular cause.
With the inclusion of Collateral, it becomes close to impossible to get. Not only, the ups and downs and filling of forms. The services of the above listed companies have so far relieved a lot people giving them some chance to also seek for support.
However, it is recommended that before taking such loans, one should make sure he/she can pay or knows how to pay back the money taken as failure to pay on time could either lead to more charges or the person might not be trusted with a loan again in the future.
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