We’ve all been at that point where we need some quick cash to sort out a pending financial hump. During those times, we look to get a few loans from family and friends to help us out of the situation we find ourselves.
Unfortunately, not always do we find our plea being met by family and friends. In the process, we are left with only one option available, seeking loans and financial assistance from other sources, be it online or through an app with little or no collateral.
Collateral-free loans give us peace of mind when accessing loan facilities because most of the time when accessing these kinds of loan facilities you may not have lands, houses, or cars for the collateral exchange from the banks.
In today’s guide, we will look at some quick loan facilities online and how to access them for your urgent financial needs or assistance.
How to get Quick Loans online via Apps and Websites
1. FIDO Loans
Fido loan is arguably one of the best collateral-free online loan facilities to use in Ghana. They have assisted 340,000+ people with financial issues with over $150m so far.
Their loan facility is easy to access and has a package for everyone. Loan approval on Fido takes a few minutes to process, and your money is paid into your mobile money wallet. No documentation whatsoever, all you need is a valid national id card and a selfie picture to show you are the one requesting the credit facility.
The highest you can take as a first-timer after your registration is about GHS200-300. Meanwhile, for individuals looking for huge sums, I advise you to take lower amounts to build your credit history first; you will automatically qualify for bigger loans.
To request a loan with Fido, kindlydownload the Fido loan appand begin the registration.
2. MTN Qwik loan services
It may sound cliché, but one of the first places you visit when you need a quick loan is MTN Qwik loan services. It is not only popular, but a trusted collateral-free loan service provided by MTN and partners.
One of the good things about this loan facility is its ability to disburse funds to customers’ mobile money wallets in a few minutes after requesting loans. No IDs are required; just request and your loan should be processed in less than 3 minutes.
Unfortunately, with the MTN Qwikloan facility, you have to start from a very low credit ranging from GHS50-100 till you get to a higher amount. You should also be a momo customer for the past 6 months.
To request MTN Loans, Kindly Dial MTN Code*170#>> option 5(Financial Services), option 3(Loans). Kindly note, that you have 30 days to back with a 12% penalty fee if you fail to pay before the stipulated date.
3. Vodafone cash Ready Loans
Vodafone Ready Cash loan is short-term micro-loans to active and loyal Vodafone customers who are in dire need of cash urgently. Your Vodafone cash loan is paid into your Mobile wallet directly after request in just a few minutes.
To apply for Vodafone Ready Cash loans, Kindly dial Vodafone code*110#and follow the prompts.
4. Carbon Loans
Carbon loan is another online financial lending facility you use when you need fast money during an emergency. You can get up to GHS5000 with carbon pay later loans with low interest during your time of need.
Although carbon pay later loans require no collateral, you still need to submit a valid national id, a passport, or a bank statement to validate the request.
To apply for Carbon Pay Later Loans, Visithttps://gh.getcarbon.co/to request.
5. Zidisha Loan
Zidasha is a peer-to-peer credit facility available to help young people who need a fast loan to expand their businesses with no collateral. It has a minimal interest rate which enables borrowers to pay back with no hustle.
One interesting thing about zidisha loans is that no collateral is required to qualify for the loan facility, you can borrow as much as GHS 70,000 and as little as GHS39.
To qualify for zidisha online loans, you need to be a member of the community by signing up for a membership fee of GHS 80 or a recommendation from a member of the Zidisha fundraising community.
To apply for a loan from Zidisha, visit theirwebsiteand read more.
Wrapping Up
Collateral-free loans from online vendors give us the ability to cover unexpected expenses that may come our way. We also know that most of these online loan facilities still require an identification document for them to verify who you are.
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