FIDO loan in Ghana money app

How To Get GHC2000 From Fido Loan in Ghana

Steps to Get your free GHC2000 From Fido Loan in Ghana.

The Bank of Ghana has granted a license to the financial organization known as Fido Micro Credit (FIDO), which has its headquarters in Accra, Ghana. The company’s name for its convenient and speedy short-term loans is FIDO Loans.

Our customers are able to submit an application for a FIDO Loan straight from their own mobile device, and they will receive an immediate decision regarding their credit.

To help artists, micro entrepreneurs, and small and medium-sized firms expand their operations, the loan is offered. Prior to the disbursement of the money, a single verification check of the user’s identification and mobile money account is required. No collateral or guarantors are required.

How Does It Work?

  1. Download the FREE FIDO APP on the Google Play store
  2. Apply by filling the loan application in the APP2
  3. Receive your money instantly
  4. Repay on time and get a higher amount for your next loan*4
Trick: Get the 1st loan up to 200 GHS, pay on time to move up the ladder up to 1000 GHS

Frequently Asked Questions


Is FIDO authorized to provide loans in Ghana?
Yes. FIDO is licensed by the Bank of Ghana to provide loans.
What are the fees to use Fido?
 There are NO UPFRONT FEES for using the FIDO mobile app or applying for a FIDO Loan. We charge a processing fee which will be disclosed to the customer prior to accepting a loan and is paid only after you get your money when your loan is due for repayment.
What can I use the FIDO Loan for?
 Customers can use the loans to grow their small businesses.  Loans should not be used for illegal activities
What are the eligibility requirements?
To qualify for a FIDO Loan, you need a valid ID and Mobile Money.

  • ID Type: Driver’s License, NHIA Membership, Voter ID, National ID or Passport
  • Mobile Money account: MTN Mobile Money or AirtelTigo Money registered in your name for at least two months.

You must be a resident in Ghana over 18 years of age.

How much is the interest rate?
The interest rates for new customers start at 14% for 30 days, the interest amount is displayed in the app before applying.
Returning customers having a good history of paying your loans with Fido on time get better interest rate on future loans, the lowest interest rate is 8% for 30 days.
How long does it take to approve my request?
Within one minute after submission, a credit decision will be shown on the screen.

FIDO app evaluates each loan application and reserves the right to reject some applications. The decision cannot be reversed and we can only recommend you apply again after 2 weeks.

My request was approved. What do I have to do next?
 Please read carefully the instructions displayed in the app when the loan has been approved. The instructions will either inform you to approve the loan agreement within the app to complete the process or visit a branch for processing.
Please see the Contact section for opening hours and directions to our branch.
Where and when will my FIDO Loan be paid?
 After fully completing the process, the loan is paid out instantly. We will notify you by SMS of the transfer.
How will I repay the FIDO Loan?
When the loan becomes due, you will have to transfer the money from your wallet following the procedure below.

To pay with cash, you can visit any Zenith bank branch and deposit it into FIDO’s account. Remember to always use your Client ID for payment.

Cash – Zenith bank AirtelTigo Money MTN Mobile Money
Bank: Zenith Bank
Branch: Head Office
Account Name:
FIDO Money Lending Ltd
Account Number: 6010159660Be sure to write your full name on the deposit slip also give your Client ID (*********) to the teller
(Must be from own wallet)
Dial: *501#
Select: Pay Bill
Select: Savings and Loans
Select: Loans and Loan Repayment
Select: Loan Repayment
Select: Repay Fido Loan
Enter Amount:
Enter Reference: *********
Enter Pin Code: _ _ _ _
(Must be from own wallet)
Dial: *170#
Select: MoMoPay & Pay Bill
Select: Pay Bill
Select: General Payment
Enter Payment Code: Fido
Enter Amount:
Enter Reference:
Enter Pin Code: _ _ _ _


What will happen if I can’t repay the FIDO Loan on time?
 Please contact us with any issues related to the repayment of your FIDO Loan. Customers will be charged additional penalties for late repayments.
Fido reserves the right to take any legal action to recover outstanding debts and report delinquent borrowers to the appropriate agencies and/or authorities.
 What is the min/max loan amount?
First time borrowers are eligible for a maximum of 200 GHC to be paid within 10 to 33 days. The loan term must be selected in the app when applying.

Paying your loan on time can get you a higher amount and reduced interest as you climb the ladder up to a maximum of 1000 GHS.

Thank you for visiting Training Forms, a site that provides useful information. I hope you get the results you're looking for in your search. This blog contains affiliate links to various products. It simply means that if you click on one of our links and then make a purchase, we will receive a little compensation.  Thank you

Also Read  Top loan Apps in Ghana to get instant loan

Ellen White

I love writing as a passion.

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