FIDO reiterates the necessity for clients to use caution when obtaining digital loans from licenced lenders.

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The top approved online lending app in Ghana is Fido, a prominent provider of financial services online that takes pride in enabling people and business owners to seize chances in the nation.

Fido has an impressive history of offering secure, cutting-edge, inclusive, and simple access to loans. The company is licenced by the Bank of Ghana and has received certification from the Data Protection Commission of Ghana.

In addition to providing advise and direction on how to pick a loan partner, Fido joins the Bank of Ghana and the Data Protection Commission of Ghana in warning the public against using unregulated lending applications.

“Fido is happy to announce the upcoming second edition of FIDO Money Matters, an effort aimed at enhancing financial literacy, as Fido continues dedicated to developing financial literacy and appropriate lending practises. The main topics of this edition will be how to secure personal information and borrower rights, according to Solomon Agbemenya, head of business development.

We also wish to discuss important factors to bear in mind before submitting an online loan application. This entails doing your homework to determine whether a possible lender has a Bank of Ghana licence, reviewing the terms and conditions of the financial service provider, and being aware of their interest and fees, he continued.

“In addition, customers should find out if a lender has strong data protection and security measures like a privacy policy that spells out how their data will be used; be on the lookout for lenders who ask you money before giving out loans and also read reviews and customer experiences about reputation, customer service and overall experiences.”

Since it began operations in Ghana, Fido has served over half a million customers and has distributed about 3 million loans. 

Built on advanced technology that enables fast, easy access to financial services, Fido’s financial platform and unique machine learning model make instant credit decisions – even for customers with no financial record while reducing operating operational costs. 

The company recently introduced Fido Score, which shifts power back to customers by empowering them to build and maintain a digital financial track record. The score helps individuals and entrepreneurs take control of their finances and adopt smart financial habits. 

Getting the Fido App is very easy. Just download the Fido App from the Google Play or Apple store, register your details to create your account and follow all the needed guidelines to successfully apply for your first loan. 

Fido emphasizes that it will not request money from customers before granting a loan, does not ask customers to call any phone number to apply for loans, and highlights that the official Fido Facebook and Twitter pages are verified. Additionally, Fido clarifies that it is not present on Telegram, does not send WhatsApp messages, and establishes that *998# is the official Fido shortcode. These measures aim to ensure that everyone is safe and doesn’t fall for scammers who pretend to be Fido.

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