Instalment loans work in exactly the same manner as any other variety of loan – you repay the amount you borrowed with the relevant interest. However, the main difference with instalment loans is that you repay over a series of repayment periods, in contrast to a typical payday loan which needs to be fully repaid on a specific date. Installment loans can last several months, although they can be paid off quicker depending on your agreement.
Instalment Loan Features
• Loan amount between ghs100 and ghs20,000
Instalment Loan Requirements
• Must be employed or a business owner, with a proof of income
Repaying Your Instalment Loan
• Government salaried workers pay via Controller Deductions
How to apply
Kindly complete an online application here.