Money Lending Apps in Ghana

By | October 21, 2022

The money lending business in Ghana has really grown to become a big market and every now and then, more money lending apps are being developed to serve Ghanaians.

In this article, we will be taking a look at the available money lending apps in Ghana in order to make an informed decision when going for a loan.

About Money Lending

When someone permits another person to borrow money, this is known as money lending. In other words, the lender makes a loan, and the borrower is then responsible for repaying the loan.

Lending enables another person to borrow property. Lending frequently takes place in the context of obtaining a loan in terms of business and finance.

Money Lending Apps in Ghana

Below are some of the money lending apps in Ghana;

Fido Loan App

Since the Fido Loan App may only be downloaded from the Google Play Store, having an Android phone is a must for installing the app. If you don’t use Android, you’ll need to look for an Android phone to be able to access the loan.

If you have a strong internet connection, downloading and installing the FIDO Money Lending app on your phone is a simple process that only takes a few minutes.

As was already noted, the app is exclusively accessible through the Google Play Store, so if you don’t use an Android device, there is no way for you to get it.

SikaPurse Loan App

It’s been a while since SkiaPurse hit the Ghanaian financial market. The loan application gives lenders up to GHC 5,000. New borrowers have access to up to GHC 1,000. The annual percentage rate on the loans varied from 8% to 25%. You must first install the app on your phone before you can use it to apply for a loan. You can check it out on the Google Play Store since it is accessible there.


For business owners looking to finance their companies, the OZE SME offers competitive interest rates. To offer loans to business owners, the organization collaborates with other fintech firms. For certain periods, their interest rate is as low as 3%.

Pezesha Loan App

One of the top business-friendly apps in Ghana is the Pezesha loan app. For your company, you have access to loan facilities worth up to GHC 6,000. Additionally, they provide interest rates between 5% and 8% per month.

Bloomkash Loan App

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

Zidisha Loan App

You can borrow up to GHC 4,153,730 via the Zidisha loan app without putting up any security. It’s interesting to note that Zidisha loans have no interest charges; nonetheless, you will be required to pay a service fee equal to 5% of the loan amount.

Additionally, new members often make a one-time membership charge of GHC 3,000 if they do not already have an invitation from a current Zidisha member.

LendingPapa Loan App

One of the most popular lending apps in Ghana is LendinPapa. If you’re a first-time borrower, you can only access up to GHC 100 whereas devoted users can get loans up to GHC 5,000. The annual interest rate ranges from 8% to 22%.

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