Looking for the best MTN phones on loan in Ghana in 2026? MTN Ghana’s Pick and Pay Later program allows eligible customers to purchase smartphones with a small upfront deposit and spread the remaining cost over several months.
This financing option has become one of the most popular ways for Ghanaians to own premium Samsung smartphones without paying the full amount upfront. Whether you’re interested in a flagship Samsung Galaxy S24 Ultra or a budget-friendly Galaxy A05, MTN offers flexible payment plans to suit different budgets.
In this guide, you’ll discover the latest MTN phones on loan in Ghana, their prices, deposit requirements, eligibility criteria, and how to apply.
What Is MTN Pick and Pay Later?
MTN Pick and Pay Later is a smartphone financing service that enables qualified MTN subscribers to acquire a mobile device by making an initial deposit and paying the remaining balance in monthly installments.
The service is designed for MTN customers who have an active Mobile Money (MoMo) account and meet MTN’s credit scoring requirements.
Key Features
- Initial deposit required
- Flexible repayment period of 4 or 6 months
- Monthly deductions from MTN MoMo wallet
- Early repayment option available
- Device insurance included
- Up to 3GB free monthly data for 6 months
- Available exclusively to eligible MTN subscribers
MTN Phones on Loan in Ghana: Prices 2026
Below are some of the latest Samsung smartphones available under MTN’s Pick and Pay Later scheme.
| Phone Model | Storage & RAM | Price (GHS) |
|---|---|---|
| Samsung Galaxy S24 Ultra | 1TB + 12GB | 21,499 |
| Samsung Galaxy S24 Ultra | 512GB + 12GB | 18,599 |
| Samsung Galaxy S24 Ultra | 256GB + 12GB | 16,999 |
| Samsung Galaxy S22 Ultra | Standard Version | 14,500 |
| Samsung Galaxy S24+ | 512GB + 12GB | 14,499 |
| Samsung Galaxy S24+ | 256GB + 12GB | 12,999 |
| Samsung Galaxy S24 | 256GB + 8GB | 11,299 |
| Samsung Galaxy S24 | 128GB + 8GB | 10,499 |
| Samsung Galaxy A25 | 256GB + 8GB | 3,499 |
| Samsung Galaxy A24 | 128GB + 6GB | 2,999 |
| Samsung Galaxy A24 | 128GB + 4GB | 2,799 |
| Samsung Galaxy A15 | 256GB + 8GB | 2,599 |
| Samsung Galaxy A15 | 128GB + 4GB | 1,899 |
| Samsung Galaxy A05S | 64GB + 4GB | 1,699 |
| Samsung Galaxy A05 | 128GB + 4GB | 1,349 |
| Samsung Galaxy A05 | 64GB + 4GB | 1,159 |
MTN Phone Loan Deposit Requirements
One of the most common questions people ask is: “How much deposit do I need for an MTN phone loan?”
The exact deposit amount depends on:
- The smartphone model selected
- Your MTN credit score
- Repayment period chosen
- Current MTN promotional offers
Generally, premium devices such as the Samsung Galaxy S24 Ultra require a higher initial deposit compared to budget models like the Galaxy A05.
After approval, MTN will display the exact deposit amount you need to pay before collecting your device.
Important Note
The deposit paid is non-refundable if you decide not to continue with the device acquisition process.
Best MTN Phones on Loan in Ghana
1. Samsung Galaxy S24 Ultra
The Galaxy S24 Ultra is the best premium smartphone currently available through MTN’s financing program.
Highlights
- 200MP professional-grade camera
- AI-powered features
- Massive battery life
- S Pen support
- Premium titanium design
Price Range: GHS 16,999 – GHS 21,499
Best for:
- Professionals
- Content creators
- Business owners
- Mobile gamers
2. Samsung Galaxy S24+
The Galaxy S24+ offers flagship performance at a slightly lower price than the Ultra model.
Highlights
- Excellent AMOLED display
- Long battery life
- Fast charging
- Powerful performance
Price Range: GHS 12,999 – GHS 14,499
Best for:
- Professionals
- Students
- Power users
3. Samsung Galaxy A25
The Galaxy A25 is among the most affordable 5G-ready devices available under MTN Pick and Pay Later.
Highlights
- 5G connectivity
- Large AMOLED display
- Good battery performance
- Excellent value for money
Price: GHS 3,499
Best for:
- Students
- Young professionals
- Budget-conscious buyers
4. Samsung Galaxy A15
The Samsung Galaxy A15 is one of the most popular mid-range phones in Ghana.
Highlights
- Affordable pricing
- Long-lasting battery
- Smooth performance
- Good camera quality
Price Range: GHS 1,899 – GHS 2,599
Best for:
- Everyday users
- Students
- First-time smartphone buyers
5. Samsung Galaxy A05
The Galaxy A05 is ideal for buyers seeking an entry-level smartphone with flexible payment options.
Highlights
- Budget-friendly
- Large battery
- Decent performance
- Reliable for everyday tasks
Price Range: GHS 1,159 – GHS 1,349
Best for:
- New smartphone users
- Basic internet browsing
- Social media usage
How to Apply for MTN Pick and Pay Later
Applying for an MTN phone loan is straightforward.
Step 1
Dial:
*170#
Step 2
Select:
Financial Services
Step 3
Choose:
Loans
Step 4
Select:
Device Pick and Pay Later
Step 5
Check your eligibility status.
Step 6
If approved, make the required deposit through MTN Mobile Money.
Step 7
Visit an MTN Service Center with your Ghana Card to collect your smartphone.
Eligibility Requirements
To qualify for an MTN phone loan in Ghana, you must:
- Be an MTN subscriber
- Have an active MTN Mobile Money account
- Possess a valid Ghana Card
- Meet MTN’s credit assessment criteria
- Have a good transaction history on MTN services
How Are Monthly Payments Made?
After collecting your device, MTN automatically deducts the agreed monthly installment from your Mobile Money wallet.
Customers can also settle the outstanding balance early by dialing:
*527#
This option allows you to clear the loan before the repayment period ends.
What Happens If You Miss a Payment?
MTN enforces strict repayment policies.
If a monthly payment is missed:
- The device may be locked within 24 hours
- Certain phone functions may become inaccessible
- Service will only be restored after payment of the overdue amount
To avoid inconvenience, ensure your MoMo wallet has sufficient funds before each repayment date.
Additional Benefits of MTN Pick and Pay Later
Beyond smartphone financing, MTN offers several added benefits.
Device Insurance
Eligible devices come with insurance coverage for:
- Theft
- Accidental damage
- Selected repair incidents
Free Monthly Data
Subscribers may receive up to:
3GB free data every month for 6 months
This provides additional value and helps reduce internet costs.
MTN Phone Loan vs M-KOPA Ghana
Many buyers compare MTN Pick and Pay Later with M-KOPA.
| Feature | MTN Pick and Pay Later | M-KOPA |
|---|---|---|
| Requires MTN SIM | Yes | No |
| Mobile Money Integration | MTN MoMo | Multiple options |
| Payment Frequency | Monthly | Daily, Weekly, Monthly |
| Ghana Card Required | Yes | Yes |
| Insurance Benefits | Included | Varies |
| Data Bonuses | Available | Limited |
M-KOPA may be suitable for customers seeking more flexible payment schedules, while MTN offers seamless integration with its Mobile Money ecosystem.
Frequently Asked Questions
Can I get a phone on loan from MTN without Mobile Money?
No. An active MTN Mobile Money account is required.
Can I pay off my MTN phone loan early?
Yes. You can settle your outstanding balance through *527#.
Is the deposit refundable?
No. Deposits are generally non-refundable once paid.
Does MTN finance iPhones?
Availability changes periodically. Customers should check with MTN Service Centers for the latest eligible devices.
Conclusion
The MTN Pick and Pay Later program remains one of the best smartphone financing solutions in Ghana in 2026. With affordable deposits, flexible installment plans, device insurance, and free monthly data bonuses, the scheme makes it easier for subscribers to own quality Samsung smartphones without paying the full amount upfront.
Whether you’re looking for a premium Galaxy S24 Ultra or an affordable Galaxy A05, MTN’s phone loan service offers options for nearly every budget. Before applying, ensure you meet the eligibility requirements and maintain sufficient funds in your Mobile Money wallet to avoid service interruptions.