As the name suggests, this is not a one size fits all package, rather a customisable loan. It can be spread out over 3 to 24 months and as such, the interest rates vary. Loan offered to business persons and entities. Customers borrowing will have to comply with requirements under normal commercial lending. Business loans offer quick and convenient access to cash for short and medium term business needs.
One of the advantages that this loan offers, subject to application, is the 2 month repayment “Holiday”, which essentially gives you up to 2 months before you are required to begin the loan repayments. Unlike many similar loan models, should your circumstances change and you wish to pay off the loan earlier than the terms describe, you will not incur an early repayment charge.
• Access up to ghs5m to grow your business. Minimum loan: ghs500
• Offered to individuals and businesses - for business purposes
• To borrow, a business must have ghs10,000 or more in annual sales
• Flexible repayment plans and terms that fit your cashflow
• Affordable and attractive interest rates
- Repayment Holidays
• Own 30% or more of the business
• Applicant must have owned and/or operated the business for at least 6 months
• Be authorized to borrow on behalf of the business
• Term of loan not to exceed 24 months, with fixed monthly payments
• Be a Ghanaian citizen or permanent resident, or be in Ghana on valid long term visa with residence and/or working permit
• Be at least 21 years old
• Collateral (Security) may be required
To qualify for a loan, a number of factors are considered including, but not limited to business financials and cash flow, business and guarantor credit profiles, and other information.
Fees & Charges
- No upfront fees.
- A one-off 5% fee deducted from final loan being disbursed.
- No penalties for prepayments or early repayments.
Repaying Your Loan
- As pre-agreed.
How to apply
Apply online in under 5 minutes here.