Are you in Ethiopia searching for Online loans without Collateral? If yes then don't search anymore! We have got you! Continue reading!  There are several digital loan apps in Ethiopia that offer loans in minutes via Mobile phone with mobile money wallets. These are loans without Credit Score Check in Ethiopia.

The loans can be accessed with a mobile phone through apps, USSD codes or through sim cards.

The Top 4 loan apps in Ethiopia include: 

1) Michu loan app

2) Amole loan app

3) Telebirr Mela loans

4) Alegnta Loan App 

Michu loan app

Michu loan app is a digital online loan app that give loans to Ethiopians in minutes. Michu app is a digital app by Cooperative Bank of Oromia in Ethiopia. 

Michu loan app give loan up to 50,000 Ethiopian Birr with repayment period between 1 to 12 months.

Michu loan app charges interest rate of between 2% to 2.5% per month.

To apply for Michu loans ,download the app from Google playstore, register with your phone number ,check loan limit, apply and receive your loan.

Contact Michu loan app through: 

Co-op Bank of Oromia 

Call +251 11 515 0229'


Amole Loan App 

Amole loan app is a quick online loan app by Dashen Bank in Ethiopia.

Through amole app, Ethiopians are able to get loans up to 100,000 Ethiopian Birr.

Amole app charges an average of 8% interest rate per month.

One can apply for Amole loans by Downloading the Amole app from Google playstore or Appstore or Dial*996# to register and apply.

Contact Amole loan app through: 

+251 11-518-30-91

+251 911-57-58-27

+251 989-16-32-18

Telebirr mela loan App 

Telebirr mela is a microcredit facility available to Ethio Telcom company who are registered with Telebirr mobile money.

Telebirr mela loans start from 2000 Birr up to 10,000 Birr for Individual.

Telebirr mela loans are charged at interest of 1% daily, 3% to 6% for weekly payment loans and 6% to 10% monthly payment loans.

To apply for Telebirr mela loans on your phone dial *127# follow prompts to register and apply. You can also apply via Telebirr App.

Contact Telebirr mela loans customer Care through: 

Call +251 -127

SMS: 126 


Alegnta Loan App

This is the newest loan app available in Ethiopia that offer quick loans to Ethiopians without any collateral. The app is provided by Lion International Bank Ethiopia.

To apply follow the link 



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