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Consumer Finance Loan

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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 GHS400 a month.

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 GHS10 000
  • Loan terms from 6 to 12 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 GHS400 a month
  • Be over 21 years and not more than 60 years on expiry of the term of your loan.
  • Choose product/s 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
  • What you get
  • How to get it
  • Loans range from GHS500 to GHS10 000
  • Loan terms from 6 to 12 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 GHS400 a month
  • Be over 21 years and not more than 60 years on expiry of the term of your loan.
  • Choose product/s 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