Top Private Money Lenders in Accra | Quick Loans

Welcome to our article about the top private money lenders in Accra who offer quick loans without the need for collateral. If you find yourself in need of immediate funds for personal or business purposes, these lenders can provide you with efficient and reliable solutions. With their flexible terms and quick approval process, getting the financial assistance you require has never been easier.

Whether you are a small business owner looking for an injection of capital, or an individual in need of emergency cash, these lenders have got you covered. With their commitment to customer convenience and a hassle-free application process, the funds you need can be in your hands in no time.

In the following sections, we will delve into the challenges of acquiring traditional collateral-based loans in Ghana and explore alternative options such as mobile money loans. We will also introduce you to some of the top private money lenders in Accra who provide quick loan services to help meet your financial needs.

The Challenges of Getting Collateral-based Loans in Ghana

Acquiring a loan in Ghana can be a cumbersome process, especially when collateral is involved. The requirement for collateral often poses too much risk to the livelihood of Ghanaians, leading them to shy away from such loan opportunities.

Collateral-based loans in Ghana come with their fair share of challenges. Firstly, many people do not have sufficient assets to meet the collateral requirements set by traditional lenders. This limits their access to credit, hindering their ability to finance business ventures or address financial emergencies.

Furthermore, the processing time for collateral-based loans can be lengthy, which defeats the purpose of acquiring quick funds. Individuals and businesses often require immediate access to cash for time-sensitive needs, such as settling urgent medical bills or covering unexpected expenses.

These challenges have necessitated the rise of alternative loan options in Ghana. Mobile money loans have emerged as a convenient and accessible solution, circumventing the need for collateral. By leveraging digital platforms and mobile money services, individuals can now access quick funds without the burdensome requirements of collateral-based loans.

The Benefits of Mobile Money Loans in Ghana

  • Quick Access to Funds: Unlike collateral-based loans that involve lengthy processing times, mobile money loans offer instant access to funds. With a few taps on their mobile devices, individuals can receive the funds they need within minutes.
  • No Collateral Requirements: Mobile money loans eliminate the need for collateral, making them accessible to a wider range of people. This opens up opportunities for individuals with limited assets to secure loans for various purposes.
  • Convenience and Flexibility: The digital nature of mobile money loans allows borrowers to apply anytime and from anywhere. With a stable internet connection, applicants can complete the loan application process and receive funds without leaving the comfort of their homes or offices.
  • Simplified Application Process: Mobile money loans often have streamlined application processes that require minimal documentation. Borrowers can provide basic information and authorize access to their mobile money accounts, reducing the paperwork and hassle associated with traditional loan applications.

Overall, mobile money loans have become a viable alternative for Ghanaians seeking quick access to cash without the burdensome requirements of collateral-based loans. These loans provide individuals and businesses with the financial flexibility they need to address their immediate needs and pursue their goals successfully.

Oze Business App: Quick Loans for Small Businesses

Oze is a financial technology platform that partners with financial institutions and fintechs to offer small business loans in Ghana. The Oze Business App provides quick and convenient access to loans for small businesses in need of financial support.

With the Oze Business App, eligible users can apply for loans up to 30,000 Ghana Cedis. To qualify for these loans, users must meet certain criteria, such as consistent app usage and completing the loan application process.

One of the key advantages of using the Oze Business App is the low monthly interest rate of just 3%. This makes it an affordable option for small businesses looking for funding.

Additionally, the repayment terms offered by Oze are flexible, allowing borrowers to repay the loan in installments over a period of 12 months. This gives small businesses the opportunity to manage their cash flow effectively.

By leveraging the Oze Business App, small businesses in Ghana can access the funds they need to grow and thrive. Whether it’s for inventory, equipment, or other business expenses, Oze is committed to supporting the financial needs of small businesses in the country.

MTN Qwik Loan: Instant Cash Access

Looking for instant cash access? MTN has the perfect solution for you – the MTN Qwik Loan service. In collaboration with AFB Ghana, MTN offers customers the opportunity to obtain quick and hassle-free cash loans. This service is exclusively available to users who have actively transacted using MTN Mobile Money for at least 90 days.

With the MTN Qwik Loan, you can borrow up to 1,000 Ghana Cedis to meet your urgent financial needs. The loan comes with a competitive interest rate of 6.9%, ensuring that you can access the funds you need without breaking the bank.

Applying for the MTN Qwik Loan is simple and convenient. Just dial *170# on your mobile phone and follow the prompts under the financial services option. Within a few moments, you can complete the application and receive your instant cash loan.

MTN Qwik Loan

Why choose MTN Qwik Loan?

  • Instant cash access: Get the funds you need without any delay.
  • No collateral required: Enjoy the convenience of accessing a loan without the need for collateral.
  • Competitive interest rates: Benefit from a competitive interest rate of 6.9%.
  • Convenient application process: Apply for the loan through your mobile phone with just a few simple steps.
  • Flexible loan amount: Borrow up to 1,000 Ghana Cedis to meet your financial needs.

Don’t let financial constraints hold you back. With MTN Qwik Loan, you can access instant cash and take control of your financial situation. Apply today and experience the convenience of quick and reliable cash loans.

Fido Microcredit: Loans Without Collateral

Fido Microcredit, a leading private money lender in Accra, offers a convenient solution to individuals seeking loans without the hassle of collateral or guarantors. Through their user-friendly mobile app, Fido Microcredit provides quick access to funds, empowering borrowers to meet their financial needs with ease.

With Fido Microcredit, anyone with a valid ID and a mobile money account can apply for a loan. Whether you’re a first-time borrower or a loyal customer, Fido Microcredit caters to your specific needs with flexible loan options.

For first-time borrowers, Fido Microcredit offers loan amounts of up to 200 Ghana Cedis with a repayment period ranging from 10 to 33 days. The straightforward application process ensures a hassle-free experience. Within minutes, the funds could be in your account, ready to be utilized.

Returning customers enjoy the added benefit of reduced interest rates. Interest rates start from 14% for new customers, ensuring competitive rates in the market. As a loyal borrower, you can take advantage of interest rates as low as 8%, rewarding your ongoing relationship with Fido Microcredit.

By choosing Fido Microcredit, you can access the financial support you need without the burden of providing collateral or guarantors. Their commitment to transparency, reliability, and customer satisfaction makes them a trusted partner in your financial journey.

Zidisha: Online Microlending Community

Zidisha is an online microlending community that connects lenders and entrepreneurs directly, without intermediaries. Through the Zidisha app, individuals have the opportunity to lend any amount directly to entrepreneurs based on their loan applications and recommendations from friends and family.

Unlike traditional lending institutions, Zidisha offers a peer-to-peer lending model that empowers lenders and borrowers to establish personal connections and build relationships. This unique approach eliminates the need for middlemen, allowing lenders to have a direct impact on the lives and businesses of entrepreneurs in Ghana.

The loan amounts available through Zidisha can range from as little as $1 to the requested loan amount, providing flexibility and convenience for both lenders and borrowers. This ensures that even small investments can make a significant difference in the success of an entrepreneur’s business.

As for the fees associated with using Zidisha, there is a service fee of 5% of the loan amount, ensuring that the platform can sustain its operations and continue to facilitate loans for borrowers. Additionally, there is an on-time membership fee of 40 Ghana Cedis, enabling borrowers to access the full benefits of the Zidisha microlending community.

By participating in Zidisha, lenders can contribute to the growth and development of local businesses, supporting entrepreneurship and economic empowerment. Meanwhile, borrowers gain access to capital that can help them realize their business dreams and improve their livelihoods.

Through the collaborative efforts of lenders and entrepreneurs, Zidisha creates a thriving ecosystem in which financial resources are shared, communities are strengthened, and economic opportunities are expanded. Join the Zidisha microlending community today and become part of a movement that transforms lives and empowers communities in Ghana.

PayLater: Instant Cash Loans in Ghana

PayLater provides instant cash loans in Ghana through their mobile app, making it a convenient solution for those in need of quick funds. As private money lenders in Accra, PayLater offers smart cash loans with a simple application process and fast approval.

To get started, applicants can create an account on the PayLater app and fill out the loan application with their basic information. The application is designed to be user-friendly and can be completed in a few minutes.

Once the application is submitted, PayLater processes the request and provides loan approval in as little as 5 minutes. Upon approval, the loan amount is deposited directly into the borrower’s account, providing instant access to much-needed funds.

PayLater offers a range of loan amounts to meet different financial needs. First-time users can borrow up to 5 Ghana Cedis, with higher loan limits available to returning borrowers. The interest rate for the loans is 5% per month.

Repayment terms are flexible, with a repayment period ranging from 15 to 30 days. Borrowers have the option to repay the loan in full at the end of the term or in installments, depending on their preference and financial situation.

PayLater understands the importance of providing a seamless borrowing experience. The platform is designed to prioritize customer convenience and ensure a hassle-free process, making it an ideal choice for those seeking instant cash loans in Ghana.

With PayLater, individuals can quickly overcome financial challenges and fulfill their immediate needs without the stress of waiting for traditional loan approvals. Take advantage of this innovative lending solution to access instant cash loans in Ghana.

Instant Cash Loans in Ghana

Other Mobile Money Loans in Ghana

In addition to the lenders mentioned earlier, there are several other options for mobile money loans in Ghana. These lenders offer quick access to cash with varying loan amounts, interest rates, and repayment terms.


BloomKash is a mobile money lending platform in Ghana that provides quick loans to individuals and small businesses. With BloomKash, you can borrow up to 1,000 Ghana Cedis with flexible repayment options.

CashGhana Limited

CashGhana Limited is a trusted financial institution in Ghana that offers mobile money loans to meet your immediate cash needs. Their loan amounts range from 100 to 10,000 Ghana Cedis, depending on your eligibility and creditworthiness.

Blue Financial Services Ghana Limited

Blue Financial Services Ghana Limited is a leading provider of mobile money loans in Ghana. They offer competitive interest rates and flexible repayment terms to help you manage your finances effectively.

Blue Horizon Microcredit

Blue Horizon Microcredit is a microfinance institution in Ghana that offers mobile money loans to individuals and small business owners. Their loan amounts range from 100 to 3,000 Ghana Cedis, and they have convenient repayment options.

First National Bank

First National Bank in Ghana provides mobile money loans to customers based on their eligibility and creditworthiness. You can borrow up to 10,000 Ghana Cedis with competitive interest rates and flexible repayment terms.

GTBank QuickCredit

GTBank QuickCredit is a mobile money loan product offered by GTBank in Ghana. With QuickCredit, you can borrow up to 5,000 Ghana Cedis instantly through their mobile banking platform.

Izwe Savings & Loans

Izwe Savings & Loans is a reputable financial institution in Ghana that offers mobile money loans to individuals and businesses. They provide personalized lending solutions with competitive interest rates and flexible repayment options.

Stanbic Bank USSD Mobile Banking

Stanbic Bank’s USSD Mobile Banking platform allows customers to access mobile money loans conveniently. They offer competitive interest rates and efficient loan processing to meet your financial needs.

These are just a few examples of the various mobile money loan options available in Ghana. Before choosing a lender, it’s important to compare their offerings, interest rates, and repayment terms to find the best fit for your financial situation.

Fast Loans for Various Purposes

The lenders mentioned in this article provide fast loans for various purposes, including small business loans, emergency cash needs, salary advances, personal loans, and more. Whether you need funds for business expansion, unexpected expenses, or debt consolidation, these lenders offer quick solutions to meet your financial needs.

If you are a small business owner looking to expand your operations, these lenders can provide you with the necessary capital to invest in new equipment, inventory, or marketing campaigns. Additionally, if you find yourself facing unexpected expenses, such as medical bills or car repairs, these lenders can offer fast loans to help you cover the costs.

Furthermore, if you are in need of a salary advance to bridge the gap between paydays or to cover an urgent financial obligation, these lenders can provide you with quick access to funds. Additionally, if you are looking to consolidate your debt into a single, more manageable loan, these lenders can offer you fast loan options with competitive interest rates.

Regardless of your financial needs, these lenders understand the importance of quick and reliable access to funds. They prioritize efficiency and convenience, ensuring that you can secure the necessary loan without unnecessary delays or complicated application processes.

For a comprehensive overview of the lenders offering fast loans for various purposes, refer to the relevant sections in this article. Explore the loan options, interest rates, repayment terms, and eligibility criteria provided by each lender to find the best fit for your specific financial needs.

How to Get an Instant Mobile Loan in Ghana

Getting an instant mobile loan in Ghana is quick and straightforward. Follow these simple steps to access the funds you need without the hassle of collateral or extensive application processes.

Step 1: Choose a Mobile Lender

Start by selecting a reputable mobile lender in Ghana that offers instant loan services. Look for lenders that have a user-friendly mobile app and positive reviews from satisfied customers.

Step 2: Download the Mobile App

Once you have chosen a mobile lender, download their official mobile app from your device’s app store. Make sure to download the app from a trusted source to ensure its authenticity and security.

Step 3: Install and Register

After downloading the app, install it on your mobile device and follow the registration process. Provide the required information, such as your name, contact details, and identification documents, to create an account.

Step 4: Complete the Loan Application

Once you have registered, navigate to the loan application section within the app. Fill in the necessary details, including loan amount, purpose, and repayment period. Some lenders may also require additional information to assess your eligibility.

Step 5: Submit Documents (if applicable)

In some cases, mobile lenders may request supporting documents, such as proof of income or identification, to verify your eligibility. Ensure you have these documents ready and upload them securely through the app.

Step 6: Review and Accept Loan Terms

Once you have submitted your loan application and documents, carefully review the loan terms, including the interest rate, repayment period, and any applicable fees. Make sure you understand the terms before proceeding.

Step 7: Receive Loan Approval

After reviewing your application, the mobile lender will assess your eligibility and creditworthiness. If approved, you will receive a loan approval notification through the app, specifying the approved loan amount and disbursement details.

Step 8: Withdraw Funds

Upon loan approval, you can proceed to withdraw the funds directly into your mobile money account. The disbursement process is usually quick, allowing you to access the funds instantly for your financial needs.

By following these steps, you can easily secure an instant mobile loan in Ghana and address your immediate financial requirements. Remember to borrow responsibly and only take out loans that you can comfortably repay to maintain your financial well-being.

Tips for Borrowing Fast Loans Responsibly

When it comes to borrowing fast loans, responsible financial decisions are essential to avoid falling into a cycle of debt. By following these tips, you can ensure that you borrow wisely and protect your long-term financial stability:

  1. Only borrow what you can afford to repay: Before taking out a loan, carefully assess your financial situation and determine the amount you can comfortably repay within the given term. Borrowing more than you can afford may lead to financial strain and difficulty in meeting your repayment obligations.
  2. Compare rates and terms from multiple lenders: Don’t settle for the first loan offer you come across. Take the time to research and compare interest rates, repayment terms, and any additional fees or charges associated with the loan. This will help you find the most favorable terms that align with your needs and financial capabilities.
  3. Read the loan agreement carefully: Before signing any loan agreement, carefully read and understand all the terms and conditions. Pay attention to the interest rate, repayment schedule, and any fees or penalties that may apply. If you have any questions or concerns, don’t hesitate to seek clarification from the lender to ensure you are fully aware of your obligations.
  4. Have a plan to repay the loan on time: It is crucial to have a clear repayment plan in place before borrowing a loan. Create a budget and determine how you will allocate your funds to cover the loan repayment. Set reminders or automatic payments to ensure you make timely payments and avoid late fees or penalties.

By adhering to these tips, you can borrow fast loans responsibly, meeting your immediate financial needs without jeopardizing your long-term financial well-being.


In conclusion, private money lenders in Accra, such as Oze, MTN, Fido, Zidisha, and others mentioned in this article, offer quick loan options for individuals and small businesses in need of immediate financial assistance. These lenders provide a convenient and efficient way to secure funds without the requirement for collateral. However, it is crucial for borrowers to carefully consider their options, thoroughly understand the terms and conditions of the loans, and borrow responsibly.

Before choosing a lender, it is important to assess your specific financial needs and evaluate the interest rates, repayment terms, and any additional fees associated with the loan. By making informed decisions and borrowing responsibly, you can avoid falling into a cycle of debt and maintain your long-term financial stability.

Whether you are seeking funds for personal expenses, business expansion, or any other purpose, private money lenders in Accra offer a range of loan options to cater to your needs. Remember to assess your repayment capabilities and only borrow what you can afford to repay on time.

With these quick loan options available in Accra, individuals and small businesses can secure the funds they need efficiently and reliably. Take advantage of these opportunities, but always prioritize responsible borrowing and financial management to ensure a secure and prosperous financial future.


What are the top private money lenders in Accra?

The top private money lenders in Accra include Oze, MTN, Fido Microcredit, Zidisha, and PayLater, among others.

Do these lenders offer quick loans?

Yes, these lenders provide quick loan options to meet your financial needs efficiently and reliably.

Do I need collateral to get a loan from these lenders?

No, these lenders offer loans without the need for collateral, making it easier for individuals to access funds.

What types of loans do these lenders provide?

These lenders offer various types of loans, including small business loans, emergency cash needs, salary advances, and personal loans.

How much can I borrow from these lenders?

The loan amounts vary depending on the lender, but they can range from as little as $1 to as much as 30,000 Ghana Cedis.

What are the interest rates for these loans?

The interest rates also vary depending on the lender, but they can start from as low as 3% monthly and go up to 14% or higher.

How long do I have to repay the loans?

The repayment periods vary as well, but they can range from as short as 10 days to as long as 12 months.

Is there an application process for these loans?

Yes, there is an application process for these loans. Some lenders have mobile apps that users can utilize to apply for loans, while others require dialing a specific code on their phones.

How quickly can I receive the loan funds?

The loan funds can be received as quickly as 5 minutes after approval, depending on the lender.

Are there other options for mobile money loans in Ghana?

Yes, in addition to the lenders mentioned, there are several other options for mobile money loans in Ghana, including BloomKash, CashGhana Limited, Blue Financial Services Ghana Limited, and more.

How can I get an instant mobile loan in Ghana?

To get an instant mobile loan in Ghana, you can follow a few simple steps, such as downloading the lender’s app, creating an account, and filling out the loan application.

What should I consider when borrowing fast loans?

When borrowing fast loans, it’s important to borrow responsibly by only taking what you can afford to repay, comparing rates and terms from multiple lenders, and having a plan to repay the loan on time.

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