Consumer Finance Loan
Our Consumer Finance Term Loan is an unsecured personal loan used to finance consumer appliances and renewable energy products on a short-term basis through our partner vendors or dealers. Loans are available to customers earning a minimum net salary of GHS500 a month.
GHS 300,000
Maximum loan amount
2%
Facility fee
Some Benefits of Consumer Finance
Secure
Reliable loans with reliable repayment terms
Your terms
Choose to repay your loan at the pace you're comfortable with
Flexibility
Top-up option available for existing loans after consistent repayment
Insurance
Credit Life Insurance that covers permanent disability and death
What you get
- Loans range from GHS500 to GHS300 000
- Loan terms - Up to 24 months for lifestyle devices/Up to 48 months for household appliances/Up to 60 months for solar systems
- Maximum loan term tied to your retirement age
- Competitive interest rates
- Facility fee of 2% of loan amount
- Credit Life Insurance that covers permanent disability and death
- Can be taken as a second unsecured term loan with us
- Flexible repayment options through salary account with us or direct payroll deduction by employer
How to get it
- Be a salaried employee permanently employed with employment confirmed
- Be a salaried income earner working for any of our Workplace Banking Scheme companies
- Earn a minimum salary of GHS500 a month
- Be over 21 years and not more than 60 years on expiry of the term of your loan.
- Choose a product from the selected vendors' catalogue below
- Fill in a loan application and attach the following supporting documents:
- Letter of Undertaking from employer
- Pro-forma invoice from vendor/dealer
- Statement of account from previous bank (new customers only)
- Confirmation of current salary or pay slip
- Give your filled in application form to a consultant at a branch/Executive Banker or PSC or vendor’s sales officer
- Loan is approved subject to a positive report from credit bureau and amount is then paid to the vendor
- You arrange for delivery of the product or items financed from the vendor
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What you get
-
How to get it
- Loans range from GHS500 to GHS300 000
- Loan terms - Up to 24 months for lifestyle devices/Up to 48 months for household appliances/Up to 60 months for solar systems
- Maximum loan term tied to your retirement age
- Competitive interest rates
- Facility fee of 2% of loan amount
- Credit Life Insurance that covers permanent disability and death
- Can be taken as a second unsecured term loan with us
- Flexible repayment options through salary account with us or direct payroll deduction by employer
- Be a salaried employee permanently employed with employment confirmed
- Be a salaried income earner working for any of our Workplace Banking Scheme companies
- Earn a minimum salary of GHS500 a month
- Be over 21 years and not more than 60 years on expiry of the term of your loan.
- Choose a product from the selected vendors' catalogue below
- Fill in a loan application and attach the following supporting documents:
- Letter of Undertaking from employer
- Pro-forma invoice from vendor/dealer
- Statement of account from previous bank (new customers only)
- Confirmation of current salary or pay slip
- Give your filled in application form to a consultant at a branch/Executive Banker or PSC or vendor’s sales officer
- Loan is approved subject to a positive report from credit bureau and amount is then paid to the vendor
- You arrange for delivery of the product or items financed from the vendor
PURCHASE ANY ITEM FROM OUR PARTNERS BELOW
| VENDOR | PRODUCTS | CONTACT |
|---|---|---|
| Electromart Ghana Limited (Somotex) | Electronic and Home appliances | 0540101372 |
| Franko Trading Company Limited | Electronic appliances | 0302225651 |
| Translight Solar Limited | Solar systems | 0200403701 |
| Oman Fofor Trading Company Limited | Office and electronic appliances, iPhones | 0257995700 |
| Tradeworks Company Limited | Solar systems | 0208175249 |
| Micro Watch Health Limited | Saladmaster Utensils | 0248937703 |
| Powerland | Solar systems | 0200814433 |
| INVENSYS LIMITED | Solar systems | 0202112845 |
| Ashanti Foam Factory Limited (Ashfoam) | Furniture | 0596914488 |
| Sun Electronics Limited (Hisense) | Home appliances | 0501555501 |
| Process and Plant Automation Limited | Solar systems | 0243153924 |
| Volteq Systems Limited | Solar systems | 0244062775 |
| Grace Valley | Solar systems | 0544282800 |
| Black Park Limited | Furniture and Home appliances | 0244371879 |