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Unsecured Personal Loans

We know you have lifestyle aspirations and that sometimes you need the right financing to realise your goals. Our Unsecured Personal Loans are flexible, short- to medium-term loans tailored to meet your personal financing needs such as buying household or electronic appliances, education expenses, home improvements, car maintenance, rent advance and other personal expenses.

Types:

Our Unsecured Personal Loans include:

1. Fixed Term Loans (FTL): A short-term personal loan is ideal if you earn a minimum net salary of GHS400 a month.

2. Revolving Term Loan (RTL): A short- to medium-term revolving personal loan if you earn a minimum net salary of GHS700 a month.

3. Employer Managed Scheme Loan (EMS): A short- to medium-term personal loan structured for salaried employees on our Workplace Banking Group Scheme who earn a minimum net salary of GHS300 a month at negotiated concessionary rates.

What does it offer you:

  • Flexible repayments through a Stanbic salary account or direct payroll deduction
  • Minimum loan amount:
    - Revolving Term Loan: GHS2,000
    - Fixed Term and Employer Managed Scheme loans: GHS500.
  • Maximum loan amount: depends on income
    - Fixed Term Loan: GHS10,000
    - Revolving Term and Employer Managed Scheme Loans: GHS50,000.
  • Minimum loan term of 12 months
  • Maximum loan repayment term tied to retirement age
    - Revolving Term and Employer Managed Scheme Loans up to 60 months -
    - Fixed Term Loan - up to 48 months -
  • Loan repayments should not be more than 45% of your net monthly income
  • Competitive interest rates and facility fees
  • Credit Life Insurance that covers permanent disability and death
  • Top-up option available for existing loans after consistent repayment.

What you need to apply:

  • You must work for an organisation profiled by us
  • You have to be in employment for at least six months and confirmed in current job role
  • You must have held an account with us for at least one month. (For salaried account holders)
  • You do not need to have an account with us for direct payroll deductions
  • Must be 21 years and not more than 60 years by facility expiry
  • Ghanaian citizen or legal resident in Ghana (expatriates)
  • Fill in the Unsecured Personal Loan application form and attach the following documents
  • Proof of income – last three months’ payslips
  • Proof of identity - passport, driver’s licence, Voters’ Identity Card
  • Proof of address - utility bill less than three months old
  • Letter of Undertaking from employer
  • Six months’ bank statements (for new customers only)
  • Passport photo (Direct payroll deduction customers only)
  • Loan will be approved subject to a positive credit bureau report

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