Mobile Money Loans in Ghana: MTN QwikLoan, FIDO Code

Mobile Money Loans in Ghana: MTN QwikLoan, Fido and Telecel Ready Loan

Mobile Money has been a blessing to a lot of people since its introduction to Ghana some years ago.

You can apply for some loans in Ghana using your phone and receive the money in a mobile money wallet.

The application steps, loan amount, fees and repayment date depend on the provider and your eligibility.

MTN MoMo QwikLoan

If you use MTN Mobile Money, dial *170# and open Financial Services → Loans. Select QwikLoan if it appears, then follow the prompts to check your eligibility.

Review the total repayment amount and due date before accepting. Loan limits and terms can change, so rely on the offer displayed on your phone.

Fido loans and short code

Fido offers personal loans paid into a mobile money wallet. First-time applicants can visit the official Fido website to find the app, create an account and complete identity verification. Fido says you will need your Ghana Card, a selfie and your address.

Fido’s current short code is *998#. Returning customers can use it to apply for credit, and customers can use it to repay.

Telecel Cash Ready Loan

Telecel lists Ready Loan as a Telecel Cash service.

Dial *110# and check Financial Services for the loan options available to your account. Follow the prompts on your phone, as menu positions can change.

Before you accept a mobile money loan

• Check the total repayment amount, including interest and fees.
• Confirm the due date and repayment method.
• Borrow only what you can repay on time.
• Use the provider’s official app, website or short code. Never share your mobile money PIN.

An active mobile money wallet does not guarantee loan approval. Each provider assesses eligibility and displays the terms available to you when you apply.