TrueCedi Online Loan app – Get Personal loan of up to ¢5,000

Frank Osei Nyarko
Frank Osei Nyarko  - Snr. Editor
how to apply for truecedi loan


TrueCedi is a Ghanaian personal loan company that provides individuals with personal loans of up to $5,000.

This may sound like a lot, but it doesn’t have to be. The main thing you’ll need to do is send them your personal information such as your personal banking details and your employment information.

They’ll assess your loan application and then provide you with a personal loan of your choice. This post is a great blog to read if you’re in need of a personal loan.

What Is TrueCedi Loan?

True Cedi Loan is an app that helps you apply a personal loan, in case there is any urgent needs. TrueCedi pursue the best experience of mobile personal loans for Ghana.

All loan applications are approved and sanctioned by BOG(Bank Of Ghana) and communicated upfront during Loan application.

JAIN FINSCAP LENDING LIMITED is a Systemically Important Microcredit Company within the group companies carrying the True Cedi brand.

truecedi loan application process
TrueCedi Loan

TrueCedi Loan Requirements?

To be eligible for Truecedi loan, applicants must be:

  • Ghana Resident
  • 20-60 years old
  • Have a Monthly income.

Why is TrueCedi the best amongst the lots?

Undoubtedly, you’ve heard of loans of personal loan apps in Ghana, but why should you choo1se TrueCedi?

Below are three reasons why you should choose TrueCedi Loan:-

  1. No paper works/documents
  2. No collateral or guarantors
  3. No hidden fees

TrueCedi Loan Interest Rate

TrueCedi Loan Interest ranges from 15%- 36% with an equivalent monthly interest of 1.25% – 3% and APR of 15%- 36%.

  • Example:
    If you choose a 91-day loan and borrow 50,000 GHS, the interest rate is 2% per month and the interest rate is 6%, They would charge you 3000 GHS as interest of 91-day repayment period. So the total amount of repayment is 5,3000 GHS.
how to apply for truecedi loan
TrueCedi Personal Instant loan in Ghana

TrueCedi Loan Amount and Term Tenure

TrueCedi Loans range loans from 5,000 GHS to 200,000 GHS with terms from 91 – 180 days.

But as a new lendee, you might be given only 200cedis on your first application.

TrueCedis Contacts Info and Address

TrueCedi Email:
TrueCedi Tel: +233 837657815
TrueCedi Address: 95CQ+J77, Unnamed Road, Tamale, Ghana.

How to apply for TrueCedi Personal Instant loan?

how to apply for truecedi personal instant loan
How to apply for TrueCedi Personal Instant loan?

Now, you might be wondering how to apply for this instant online personal loan. To do so, simply head over to playstore and download the TrueCedi Loan online app.

After Installation, please launch the app, register an account on the app by typing in your phone number.

TrueCedi will send you a 4 digit OTP (One-time Password), kindly enter that code into the space provided.

After registering your account successfully, TrueCedi will require you to provide some basic information about yourself. The information you will provide before the loan will be reviewed and approved are:

  • Personal Information
  • Emergency Contacts (Two people)
  • WithDraw Bank Account (Where you want TrueCedi to send your money to)

Now Click On APPLY NOW

Personal Information

  • Select Your Gender (Male or Female)
  • Enter Your email (i.e
  • Alternate Number (i.e 0206660157)
  • Your First Name (i.e Frank)
  • Your Middle Name – Optional (i.e Osei)
  • Your Last Name (i.e Nyarko)
  • Your date of birth (i.e 19/10/1999)
  • Your marital status (i.e Single, Married, Divorce etc)
  • Select whether you’re currently schooling.

When done, click on NEXT to proceed.

Emergency Contacts

Under the emergency Contacts, you must choose two people which TrueCedi Loan can contact incase you default your loan.

  • Your RELATIONSHIP with the person
  • NAME of the person
  • The person’s PHONE NUMBER

NB: You can just select the contacts from your contacts list without having to type them again.

When done, please click on NEXT to go to the Next page.

Mobile Money Wallet

On the next is where you’d have to provide your Bank Account details or MOMO Wallet details.

  • Wallet Mobile Number (i.e 0545880700)
  • User Name (i.e Frank Osei Nyarko)
  • Wallet Channel (i.e MTN Ghana, Vodafone Ghana, Or AirtelTigo Ghana)

As usual, click on NEXT to visit the last page.

Identify Verification

Under the identity verification, you have to provide a valid ID issued by the Government Of Ghana. ID card like Ghana Card is highly recommended.

  • Select your ID Type
  • Type the ID Number

Click on next to go to the loan offer page. Here’s where TrueCedi will show the amount you qualify for this time.

Please thoroughly review this to see you like the offer, if you truly like what TrueCedi have to offer, click on Submit Application and TrueCedi Loan shall review and approved your loan application almost instantly.


Getting personal loans for small amounts of money can be a difficult task.

You might find it difficult to get a loan from banks, particularly from those with a bad credit rating.

But now with TrueCedi, they are able to provide you with a personal loan anywhere in Ghana.


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