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NewLoan Mobile App Review – Applying for Instant online loan with this app.

newloan mobile app review
newloan mobile app review


The ecomony of Ghana is in a shambles, the cedi keep depreciating leading to serious hike of prices goods and services.
A gallon of frytol oil which was sold at Ghc400.00 in september 2022 is currently selling at Ghc 1010.00 in October, 2022.

This should tell you how spoilt the Ghana economy is, recently.

Despite the constant increase of goods and services, the salaries of the ordinary Ghanaian remain stagnant – this has really make life extremely difficult for almost every monthly worker in this trying time.

However, one solution most people tends to rely on to solve their financial problem is by acquiring a quick loan or instant loan. In this article we shall look at how to get instant personal online loan with the Newloan app.

Without futher ado, lets get started.

What is NewLoan?

The NewLoan Mobile App is a great tool to get an instant online loan. The app is very user-friendly and easy to use.

All you need is your momo account number and basic information about yourself and the app will do the rest. You can apply for a loan anytime, anywhere, and the loans are approved within minutes.

NewLoan application is a convenient and reliable way to access money when you need it.

What are the Requirements or Eligibity of NewLoan?

  • You must have a valid ID (New and Old Voter’s ID, Driver’s license & Passport are all acceptable)
  • You must have a mobile money account registered in your own name
  • Newloan accept both MTN & Vodafone mobile money wallets
  • You must be a resident of Ghana.
  • You must be over 18 years of age.

NewLoan Loan amount, interest rate and term.

Newloan gives loans ranging from GSH100 to GSH5000 and has an APR of 12% to 24%.
For example, for a 365-day loan with a principal of GSH 100, the APR is 20% .
All the important points for the loan are in detail:
Loan sum (principal): Gsh 100
Total interest: Gsh 20
Total payment: Gsh 120
Total Payment Duration: 365 days


How to Apply for NewLoan?

Applying for newloan is pretty simple, follow the steps below to do so.

① Download the app and fill in your details only once.
② Use your personal information to register,and Apply in seconds.
③ If approved, Receive your loan straight into your mobile money account.

Contact NEWLOAN:

If you have any feedback, questions, or concerns, please e-mail them at [email protected]

Newloan Address:
GQQR+C35, Ga Mashie Rd, Accra, Ghana


In conclusion,if you are looking for an easy and convenient way to apply for an instant online loan, then the NewLoan Mobile App is a great option.

The app is easy to use, and you can apply for a loan in just a few minutes. Plus, the app offers great rates and moderate interest rates, so you can get the money you need fast and easily.

Frank Osei Nyarko, Well-known as Supremo DM is a Digital Marketer, Website Designer, Song Writer, and Tech Enthusiast. - Reach me via any of the mediums below if you've got business to discuss. Email: [email protected] Call/Whatsapp: +233 545 880…

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