Fido — review & details

In Personal loans · By the Rateweb editorial team · How we rate · Details checked 30 Jul 2026

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.

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

How Fido compares in personal loans

Fido scores 4.0/5 in our personal loans rankings. It's our current top pick in this category. Always compare a few before you decide — see the full personal loans comparison.

Fido
4.0/5 · this page
 MTN QwikLoan (AFB Ghana)
3.9/5
Amounts GH₵50 – GH₵5,000 (limits grow with on-time repayment) GH₵1 – GH₵1,000 (grows with usage and repayment history)
Term 7 – 90 days 24 hours – 90 days
Cost Flat fee per period, commonly ~10–15% — annualises far above 100% APR on short terms Tiered by term: reported ~9% (24h) to ~30% (90d); classic 30-day ~6.9%, stepping to ~12.5% if you miss the date
Speed ≈5–30 min first loan; under 2 min for repeat borrowers Seconds — straight into your MoMo wallet
Licence Bank of Ghana Money Lenders Licence (Class B), renewed annually Underwriter AFB Ghana (Letshego), BoG-licensed savings & loans
Visit Fido → QwikLoan at MTN Ghana →

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Details last checked: July 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.