Apply for Simplified Fast loan at the lowest rate

Get the Financial Support You Need with CedisPay

CedisPay is here to help you achieve your financial goals. Whether you need financial education, a loan for your business, an emergency loan, or a free credit score, we have got you covered. Our user-friendly loan calculator will help you find the perfect loan amount to suit your needs.

Apply for a Loan Today

At CedisPay, we make the loan application process easy. Follow these simple steps to apply for a loan:

Calculate Your Loan and Get the Funds You Need

At CedisPay, we understand the importance of finding the perfect loan amount to meet your financial needs. That's why we have created an easy-to-use loan calculator that will help you make informed decisions about your finances.

Calculate Your Loan Today

Our loan calculator will help you find the right loan amount by providing accurate calculations of your monthly payments and interest rates. Simply input the necessary information and let our calculator do the rest. Follow these simple steps to calculate your Loan today:

1. Input the loan amount you require
2. Select the loan term that works for you
3. Provide us other information about your financial habits
4. Let our calculator do the work and provide you with accurate calculations

By using our loan calculator, you can make informed decisions about your finances and find the loan amount that's right for you. Don't wait, calculate your loan today and get the funds you need.

Loan amount calculator




Please do have your GhanaCard and 3 months Bank or Momo statements ready to complete the process

Financial Education

At CedisPay, we're committed to helping you take control of your financial future. That's why we offer a range of free financial education resources to help you build your financial literacy and make informed decisions about your finances. Click here to access our financial education resources today and start your journey towards financial empowerment.

Disclosure of all fees and charges

Product Minimum Interest Rate per month Maximum loan term Maximum loan amount Processing fees Insurance
Mobile Money Loan (CedisCredit) 5% 3 months Up to GHS 3,000 Not applicable Not applicable
Credit Builder Loan 5% 3 months Up to GHS 5,000 3% of approved loan amount 0.65% of approved loan amount
Emergency loan (Cash Me) 5% 3 months Up to GHS 3,000 Not applicable Not applicable
Unsecured Salaried loan (Loan me) 5% 6 months Up to GHS 10,000 3% of approved loan amount 0.65% of approved loan amount
Loan Me - based by pension assets 2.5% 12 months Up to GHS 20,000 3.5% of approved loan amount Not applicable
Investment / Savings Backed Loan 2.5% 12 months Up to GHS 20,000 3.5% of approved loan amount Not applicable
Pay-roll Loan 4% 12 months Up to GHS 10,000 3% of approved loan amount 0.65% of approved loan amount
Business loan (Capital Me) 6% 6 months Up to GHS 20,000 3% of approved loan amount 0.65% of approved loan amount
Business line of credit (Capital Me – Topup) 6% No term limit Up to GHS 20,000 1% of approved loan amount 0.65% of approved loan amount

Please note the following:

  1. The interest rate disclosed is the minimum rate, and some customers may have a higher rate based on their credit score with CedisPay. The interest rate calculation is based on five components, including the cost of funds, cost of operation, cost of credit risk, customer-specific risk premium, and desired profit margin
  2. At CedisPay, we prioritize transparency and openness in all our dealings with our clients. In addition to the interest rate on your approved loan amount, we charge a processing fee of 3% and an insurance premium of 0.65%. It's important to note that both the processing fee and insurance premium (where applicable) will be deducted from the approved loan amount
  3. For the Loan Me-based on pension asset, 1.5% of the processing fee is paid to the pension trustee company. However, CedisPay will deduct the full 3.5% processing fee from the approved amount and remit the 1.5% balance to the pension trustee company later
  4. An unpaid monthly/weekly payment will attract a late payment charge that is calculated as follows: 10% per annum of the prevailing interest rate plus the interest rate on the outstanding arrear
  5. CedisPay charges you 0.65% of the approved loan amount for insurance, which will be paid to a life insurance company. In the event of the borrower's death, the life insurance company will pay off the outstanding loan amount to CedisPay. Please note that the life insurance company may provide CedisPay with a commission
  6. The amount of the loan is determined using CedisPay's eligible loan model, which involves calculating the customer's available income by subtracting assumed expenses, debt expenses, and monthly savings from their income. The resulting available income is then multiplied by the future loan period to estimate the expected residual income. Customers lacking certain habits, such as savings or insurance, may receive a reduced loan amount. CedisPay verifies customers' residence, income, and credit habits to ensure that loans are offered only to those who can afford to repay them. For more information, visit Our Lending Model.
  7. CedisPay's current license restricts unsecured loans to GHS 10k. Therefore, loans exceeding this limit require collateral, such as pension assets or post-dated cheques.
  8. CedisPay loans are offered at a fixed interest rate and are not structured as reducing balance loans. If you choose to repay your loan before the scheduled term ends, you will not incur any penalty fees. Instead, you will be required to settle your outstanding balance, including the total interest calculated for the original loan duration.

Free Credit Score

Unlock bigger loans and better loan terms with CedisPay Credit Score. Our cutting-edge tool uses your digital footprint and data to determine your creditworthiness, giving you the financial identity you need to access the services you deserve. Even if you have no credit bureau data or score, CedisPay Credit Score can help you take control of your financial future. Click here to access your free credit score now and start unlocking new opportunities today.

Our Client's Feedback

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