Compare personal loans in Ghana

By the Rateweb editorial team · How we rate · Product details checked 30 Jul 2026

Compare licensed lenders on the TOTAL amount you'll repay — never a headline monthly rate. The digital lenders below are genuinely licensed and fast, but short-tenure flat fees annualise to very high effective rates, so they suit short bridges, not habits; a bank personal loan (especially salary-backed) is usually cheaper when you have time to apply. Every lender must appear on a Bank of Ghana register — if it doesn't, don't borrow. Read the exact fee quoted in the app before accepting; figures below are the providers' published patterns as at July 2026.

⭐ Ratings & awards are Rateweb's independent editorial opinion — how we rate.

🎯 Not sure which is right for you? Get a personalised plan ranked for your situation. Get my plan →
Filter & sort
2 results
Licensed app lender

Fido

Ghana's best-known loan app — BoG-licensed (Money Lenders Licence Class B, Tier-3 MFI), Ghana Card onboarding, payout to your MoMo wallet in minutes. Fast and legitimate, but budget the full flat fee: repaying early does not reduce it.
★★★★☆
4.0/5 · How we rate
GH₵50 – GH₵5,000 (limits grow with on-time repayment)
Amounts
7 – 90 days
Term
Flat fee per period, commonly ~10–15% — annualises far above 100% APR on short terms
Cost
≈5–30 min first loan; under 2 min for repeat borrowers
Speed
Bank of Ghana Money Lenders Licence (Class B), renewed annually
Licence
small
Amount Tier
digital
Provider
Pros
  • Genuinely BoG-licensed and bureau-reporting (TransUnion)
  • MoMo disbursement in minutes, Ghana Card KYC
  • On-time repayment builds your credit file
Cons
  • Very expensive annualised — short bridges only
  • No early-repayment discount: the full fee stands
  • Missed payments hurt your bureau record
Visit Fido Full details & review →
In the MoMo menu

MTN QwikLoan (AFB Ghana)

The MoMo-menu loan, underwritten by AFB Ghana (Letshego Group, a BoG-licensed savings & loans company). No paperwork — your MoMo and airtime history is the application — with tiered pricing by term and automatic wallet deduction on the due date.
★★★★☆
3.9/5 · How we rate
GH₵1 – GH₵1,000 (grows with usage and repayment history)
Amounts
24 hours – 90 days
Term
Tiered by term: reported ~9% (24h) to ~30% (90d); classic 30-day ~6.9%, stepping to ~12.5% if you miss the date
Cost
Seconds — straight into your MoMo wallet
Speed
Underwriter AFB Ghana (Letshego), BoG-licensed savings & loans
Licence
small
Amount Tier
digital
Provider
Pros
  • No forms — approval from your MoMo/airtime history
  • Instant disbursement inside the MoMo menu
  • Licensed underwriter, disclosed in the terms
Cons
  • Small maximum (GH₵1,000)
  • Rate steps up meaningfully on a missed due date
  • Auto-deduction can empty a wallet you needed that day
QwikLoan at MTN Ghana Full details & review →

Ratings are Rateweb's editorial opinion. Product details can change — always confirm with the provider before applying. Rateweb may earn a commission on some applications. This is general information, not financial advice.