Ghana
Consumer Finance Loan
Our Consumer Finance Term Loan is an unsecured personal loan used to finance consumer appliances and 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 20,000
Maximum loan amount
2%
Facility fee
Some Benefits of Consumer Finance
Easy to get
Check how much you qualify for online before applying
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 GHS20 000
- Loan terms from 6 - 24 months
- Maximum loan term tied to your retirement age
- Competitive interest rates, fixed for the term of your loan
- 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 product from vendor’s shop or catalogue
- 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
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How to get it
- Loans range from GHS500 to GHS20 000
- Loan terms from 6 - 24 months
- Maximum loan term tied to your retirement age
- Competitive interest rates, fixed for the term of your loan
- 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 product from vendor’s shop or catalogue
- 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