NewLoan Review: Is NewLoan A Real Or Fake App

About NewLoan

NewLoan is one of Ghana’s new credit apps that allows people to borrow and repay money anywhere, anytime with a mobile wallet.

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

NewLoan Requirements

  • You need a valid ID to qualify for a NewLoan. ID Type should be, Driver’s License, NHIA Membership, Voter ID, National ID, or Passport
  • You must be a resident of Ghana over 18 years of age
  • Mobile Money account: MTN Mobile Money or AirtelTigo Money registered in your name for at least two months.

How To Apply For NewLoan Loan

  1. Download The NewLoan App: Download the free app from the Google Play store
  2. Sign Up: Set up your NewLoan account by filling in your personal in the app
  3. Select Product: Select your loan terms and conditions
  4. Get Approved: Approval is in real-time. Once approved the funds will be disbursed to your Mobile Money account

NewLoan Review

Take Note

Funds recovery is another type of fraud, be aware!

Check these legit pages

  1. Legit Investment websites
  2. Legit Trading Platforms
  3. Perform Tasks and Earn
  4. Legit Mining Hardwares
  5. Legit Loan Providers
  6. Legit Crypto Faucet


The NewLoan app lets you apply for credit on the go and it works 24/7. If your loans are approved, you will receive your mobile loan fastly. Customers can apply from Gsh50 to Gsh500, ranging from 91 days to 365 days.

Customer Support Email: support@NewLoan.com

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

Loan Amount: GHC100 – GHC5000.

APR: 12% – 24%.

For example, for a 365-day loan with a principal of GHC 100, the APR is 20%. All the important points for the loan in detail:

Loan sum (principal): GHC 100

Total interest: GHC 20

Total payment: GHC 120

Total Payment Duration: 365 days

Is NewLoan Real Or Fake?

Status: NewLoan might be a scam. Use the app at your own risk!

NewLoan App Download

Download the NewLoan app from Google Playstore