CocoaLoan: How to Apply, Requirements, App and more

CocoaLoan is a financial service that provides fast, easy and secure access to credit to Ghanaians. CocoaLoan is committed to helping Ghanaians who needs loan credit for their financial needs by providing them with access to affordable and reliable credit solutions.

With CocoaLoan, you can apply for a loan online, and receive the funds in their MoMo account within 24 hours. Now, the application process is even more convenient with the launch of the CocoaLoan mobile app. The app allows you to access an accounts anytime, anywhere, and manage your loan payments securely.


  1. Applicants must be at least 18 years of age.
  2. You must provide valid government-issued identification card.
  3. You must have an active MoMo account with your name.
  4. You must have a steady and verifiable source of income (such as a job, self-employment, benefits, etc.).
  5. You must be a Ghanaian.
  6. You must have a valid email address.
  7. You must have a valid phone number.

How to download the app

  1. Visit google playstore on your phone
  2. In the search bar section, type in CocoaLoan and search.
  3. The app will show up after a successful search.
  4. Click on download and wait for the app to successfully download.
  5. Now, open the app and register using your mobile number
  6. Wait for a verification code and type it inside where required
  7. You will now the given a dashboard where you can apply for your loan.

How to apply

The application process for CocoaLoan is simple. To obtain a loan, follow the steps described below.

  1. Download the CocoaLoan app from the Google Play store.
  2. Launch the CocoaLoan mobile App on your phone.
  3. On the Mobile App, click on request for funds.
  4. Apply by filling the loan application with your personal and mobile money account details.
  5. Your application will be reviewed and if you qualify, your requested amount will be disbursed into your MoMo wallet immediately.

The highest and lowest loan you can get from CocoaLoan

On CocoaLoan, your initial loan request start from GHS 100 the more you request and pay on time, the higher your request goes. The maximum you can request is GHS 5,000.

Benefits on applying for CocoaLoan

Below are some of the benefits you can enjoy when you decide to join the CocoaLoan family.

  1. Fast and convenient
  2. Flexible repayment terms
  3. Low interest rates
  4. No hidden fees
  5. 24/7 Customer service
  6. Online support

How to repay CocoaLoan

  1. Open the loan app.
  2. Once you are in the CocoaLoan app, you will see ‘Repayment.’
  3. Click on that button.
  4. On the next page, they will show you the amount you are supposed to pay.
  5. To proceed, click on ‘Repay Now.’

How to repay CocoaLoan using MTN mobile money Wallet

You can repay your CocoaLoan directly using MTN MoMo. To do so,

  1. Dial *170#
  2. Select 1 (Transfer Money)
  3. Type 1 (momo user)
  4. Input Users Number (CocoaLoan mobile number)
  5. Confirm number
  6. Enter the amount
  7. Enter reference
  8. Confirm transaction with your MoMo PIN

CocoaLoan contact details

You can also get in touch with CocoaLoan via their email at [email protected]


CocoaLoan is a great way to get access to fast and easy loans for your financial needs. With an easy application process, flexible requirements, and an intuitive app, it is one of the most convenient loan options available.

Before applying for a CocoaLoan, make sure you are aware of the terms and conditions, as well as the potential risks associated with taking out a loan. If you think a CocoaLoan could be right for you, then take the first step and apply today.

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