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Fido Loans: Get an instant loan online in Ghana 2022

Fido Loans: Get an instant loan online in Ghana 2022 – Living in Ghana nowadays is not as simple as it once was. Getting money or a loan to further your studies or start a business is very difficult nowadays. If you are not a government employee, you will not be able to acquire a loan in Ghana, but thanks to FIDO, both government and non-government employees can now get loans.

Fido Micro Credit (FIDO) is a Ghanaian financial institution authorised by the Bank of Ghana. FIDO Loans are quick and easy short-term loans provided by FIDO.

 

The development of mobile banking apps that don’t demand any kind of collateral when taking out a loan. Examples include MTN Qwikloan, Fido app, Carbon, or Pay Later Ghana, and Zidisha Loans.

The purpose of this article is to explain how to apply for a loan using the FIDO Money Lending App.

 

Steps to follow;

  1. Download the free FIDO lending App on Google Playstoreor App iOS.
  2. Apply by completing the application in the App.
  3. Receive your Money Instantly.

The interest rate is shown in the app before applying. Applicants who pay back their loans on time stand a chance of getting better interest rates on future loans.

How to know if you are eligible for the loan

Before you request for a loan you need to know whether you will qualify.

These are the requirements;

  • Valid Identification (Driver’s License, Voter’s ID, Passport, National ID and NHIA Membership card)
  • Mobile Money Account to receive your funds(MTN Mobile Money, Tigo Cash, and Airtel Money in the individual’s name and should have been registered for at least Two Months)
  • Bank account(Bank Statement from an account with Ghana Commercial Bank

How to Payback my FIDO Loan

  • To pay with money from your MTN Mobile Money Wallet, dial *170#, select pay bill, select general payment, enter payment code (Fido), enter the amount, enter reference then enter the pin code.
  • For those who use Tigo cash be sure that the money is from your wallet. Dial *501#, select pay bill, choose investment and loans, select FIDO from the list, then enter the amount, reference and pin.

 

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