Saga Loan: How to Apply, Requirements, App and more

Saga Loan is an online lending platform that makes it easy and convenient to apply for loans from the comfort of your own home. In this article, we will discuss everything you need to know about Saga Loan, including how to apply, the requirements, and the app.


  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 be a Ghanaian.
  5. You must have a steady and verifiable source of income (such as a job, self-employment, benefits, etc.)
  6. You must have a valid email address.
  7. You must have a valid phone number.

How to download the app

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

How to apply

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

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

How much loan can you get from Saga Loan?

On Saga Loan, 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.

Rates and fees

The shortest tenor is 91 days, the longest is 365 days and the interest rate is 12%-28%(APR).

Benefits of applying for CediBoom Loan

Below are some of the benefits you can enjoy when you decide to join the Saga Loan 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 Saga Loan debt

  1. Open the loan app.
  2. Once you are in the Saga Loan 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 Saga Loan using MTN mobile money Wallet

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

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


The Saga Loan is a great way to access the funds you need quickly and securely. With the app, you can easily manage your loan, track payments, and more. The application process is simple and straightforward, and all applicants must meet certain requirements to qualify. 

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