Our unsecured loans help you meet your personal financing requirements

Benefits

• Enjoy 60 months flexible repayments period
• Get 24/7 access to your account through online and mobile banking
• Get High loan amount up to GHS350,000 with no security required

Features

• Flexible Long Tenure: Ease your financial management with our convenient repayment schedule of up to 6 years.
• Loan Protection Insurance: Credit Life Insurance covers you in case of death, leaving your relatives obligation free.
• Smart Scheme Personal Unsecured Loan: Unsecured loans that helps you in buying a brand new car, paying fees for your post-graduate degree or paying for your child’s school fees.
• Smart Credit: If your salary is paid through a
• Standard Chartered Bank account you could be eligible to take this loan.p to GHS350,000 with no security required

Eligibility & Documents

• Application Eligibility
  • Net minimum salary of GHS1,000
  • Salaried worker
• Documents Required
  • Completed application form
  • ID – Important Information Document
  • Passport / Driver’s Licence / National Identification Card / Voters ID
  • Most recent salary slip
  • Bank statements for the last 3 months
  • Letter of Undertaking required

An overdraft limit is marked on your salaried account so you can cover those unforeseen expenses.

Let the Employee Salary Overdraft give you the peace of mind you need. We’ll put a credit limit on your salaried account so that you can draw extra funds when you need to.

What you need to know

• You must be at least 18 years old to apply
• This credit facility is open to salaried workers
• Employee Salary Overdraft is available if you’ve had a salaried account with Absa for at least 6 months
• We will need confirmation that you’re permanently employed
• Credit Life: 0.5%

What you get

• Borrow from GHS500 – GHS20,000*
• Revolving credit facility with minimum repayment period of 12 months
• Flexibility to overdraw up to an agreed limit
• Ability to cover cheques which would otherwise bounce
• Overdraft limit is available for a year and repaid on a monthly basis
• After a year, the limit is refreshed and becomes available for re-use
• Fixed interest rate
• Easy approval
• Instant access to your money
• No waiting periods
• Hassle-free application processes and quick approval times
• Advanced support for you to manage your loan more easily
• Credit life insurance cover against death and permanent disability is available

What to bring when you apply

• National ID card (or passport for non-Ghanaians)
• Completed overdraft application form
• Latest payslip
• Bank statements for 6 months (for new-to-bank customers)

A loan product designed to support parents, guardians and individuals at various levels of education to settle their school fees.

This loan supports parents, guardians and individuals at various levels of education to settle school fees. It is available to existing and new salaried customers who have been banking with us for at least a month.

What you need to know

• You need to have an Absa account to qualify.
• Account should have at least one month’s salary credit.
• Available to salaried workers.
• Credit Life: 0.5%
• Arrangement fee: Up to 2.75%

What you get

• Employees can borrow up to GHS220,000.
• Monthly repayments over a period 6 – 60 months.
• Competitive pricing of 23.5% per annum.
• Flexible repayments.
• Short and medium-term fee payments for your dependants or yourself, of up to 5 years.
• Maximum of 72-hour turnaround time to avoid undue delays.
• Free credit life insurance cover against retrenchment, death and permanent disability.
• Exciting gifts like caps, school sets, Android tablets, etc. for children on the School Plan.

What to bring when you apply

Absa account holders

• National photo ID card (or passport for non-Ghanaians)
• Completed loan application form
• Latest payslip

Non-Absa account holders

• National ID card (or passport for non-Ghanaians)
• A completed loan application form
• Most recent bank statements for the last 6 months (certified)

A personal loan that’s ideal if you need a bit extra to finance a car, buy that house or even further your education.

If you’ve been an Absa account holder for at least 6 months and need an unsecured loan for use, this is the one for you.

Whether you want some extra cash for a holiday, education, car or even a house, a Direct Loan can help you to finance it fast and effectively.

If you’ve had an account with Absa for at least six months and need a loan for personal use, this is the one for you

What you need to know

• You need to have an Absa account to qualify
• Account should have at least one month’s salary credit
• Available to salaried workers.
• Credit Life:  1.35%
• Arrangement fee: Up to 2.75%

What you get

• Employees can borrow up to GHS220,000*
• Flexible repayment of 12-60 months
• Competitive interest rates and fees
• No collateral or security is needed to apply for a loan
• Hassle-free application processes and quick approval times
• Affordable loan insurance with an Absa Direct Loan
• No sudden increases due to fixed interest rates
• Flexible repayment options based on your other financial obligations
• Advanced support for you to manage your loan more easily
• Affordable credit life insurance cover against death, permanent disability and retrenchment cover for 6 months.

What to bring when you apply

• National ID card (or passport for non-Ghanaians)
• Latest payslip
• Completed loan application form
• 6 months’ bank statements (for new customers)

With this loan we sign a contract with your company to lend money to you, the employee, which then gets deducted off your salary.

The Scheme Loan is available to government institutions and private companies, and allows you to sign an agreement with Absa to offer your staff company loans.

It’s convenient, easy to arrange and completely hassle-free as banking is brought to an employee’s doorstep.

What you need to know

• Employees qualify if they’ve been with their employer for at least 6 months and get paid a salary through Absa or another bank
• Credit Life:  1.35%
• Arrangement fee: Up to 2.75%

What you get

• Employees can borrow up to GHS220,000*
• Flexible repayment periods of 6-60 months
• Free credit protection
• Repayments are deducted from employees’ salaries
• Competitive interest rates and fees
• Easy approval
• Quick access to money
• Funds are available for virtually any purpose
• No collateral or security needed to apply for a loan
• Hassle-free application processes and quick approval times
• No sudden increases due to fixed interest rates
• Flexible repayment options based on other financial obligations
• Credit life insurance cover against death and permanent disability is available
• Affordable credit life insurance against death, permanent disability and retrenchment cover for 6 months.

What to bring when you apply

Absa account holders

• National photo ID card (or passport for non-Ghanaians)
• Completed loan application form
• Latest payslip

Non-Absa account holders

• National ID card (or passport for non-Ghanaians)
• A completed loan application form
• Most recent bank statements for the last 6 months (certified)

The product is designed to offer credit facilities to permanent salaried workers to finance personal needs. This product program is targeted at all permanent salaried workers who work for government such as doctors, judges, lecturers, teachers, nurses, etc. and Tier 1 customers in line with the Bank’s enlistment criteria.

What you must know

• Supports our customers who need support for short-term needs.
• Insurance Fee: 1 % flat on facility amount payable upfront.
• Tenor: Maximum 48 months

This product is an asset finance loan which offers credit facilities to employees of companies approved by the Bank to part-finance the acquisition of personal assets.

What you must know

• Maximum of 12 months as tenor
• Customer would be able to acquire assets without pre-financing the purchase of these assets.
• Obligor limit: GHS 40,000 for household items and GHS 100, 000 for vehicles.

The product is designed to offer Credits to Public Service Staff whose salaries are paid through the Controller and Accountant General’s Department to finance a Personal Obligation or acquire Household Assets.

What you must know

• Supports our customers who are paid through Controller and Accountant General Department who need support for short-term needs.
• Grows retail assets on the consumer lending space.

This product is a salary advance loan intended to offer credit facilities to employees of blue chip companies approved by the Bank; with regular salaries who require financial assistance to meet urgent obligations before salary due dates.

What you must know

• Obligor limit: Up to 70% of employee’s one month’s salary net of taxes and all deductions
• Global limit: GHS1,000,000. (One million Ghana Cedis)
• Facility Fee: 2 % flat on facility amount payable upfront

Buy Now , Pay Later
The GCB Easy Pick is a Loan Scheme that allows GCB Bank customers to purchase products from GCB partner shops and pay for the products in installments. The products can be purchased from a wide variety of GCB Bank partnered vendors across the nation.

A Better Way To Shop
A highly accessible loan scheme for all

What you must know

• Salaried workers with a GCB Bank account

Requirements

• Must be a salaried worker
• Must have operated a GCB Bank account for six (6) months
• Three (3) months’ pay slips
• Fill an Easy Pick application form

Benefits

• Quick access to life’s necessities
• 24hr approval of loan
• Low payments
• Ability to choose from variety of vendors and products
• Quick and easy process

How to apply

• Pick up a GCB Easy Pick application form from any GCB Bank branch or any GCB Easy Pick partner shop.
• Complete and submit the application form and invoice for processing the loan at any GCB Bank branch.
• Go to vendor to pick up or arrange delivery of product
• Pick up an invoice for your product choice from the
• GCB Easy Pick vendor.
• Receive an SMS from GCB Bank communicating approval of loan.

This is a credit facility given to salaried workers (GCB account holders) within 24 hours for the purpose of meeting varied personal, family and household needs. The loan is repaid through regular installments every month for a specified period of time.

Features

• Automated loan processing
• Salaries must pass through customers account with the Bank
• Less than 24 Hrs to receive facility with all required documentation provided
• 6 to 36 months repayment tenure
• Interest rate is calculated using the reducing balancing method
• Loan can be applied for at any branch

Benefits

• Quick access to credit
• Customers receive a lump sum of money up front, allowing them to pay it back over a fixed term
• Interest rate and principal repayments are always fixed which helps in budgeting
• Top-up of facility is available

Personal line of credit is an efficient and convenient way of meeting all your short-term liquidity needs

Benefits

• Get Fair pricing markup charged only on the amount and number of days utilised
• Get up to 90% financing of your collateral value
• Experience Easy access to cash withdrawals from all our 30 ATMs across Ghana

Features

• Financing Cover Financing up to maximum of 70% for securities and 90% for fixed deposits.
• We offer the most competitive interest rates in the market. So you earn substantial returns on your investments and avail Personal Line of Credit facility to balance out your cash needs.
• Great Limits With the Personal Line of Credit you get financing up to 90% of your collateral value.
• Approved Collaterals: Fixed Deposits maintained with standard chartered bank and other investments like Bonds, Treasury bills and Mutual funds

Eligibility & Documents

• Age between 18-65 years old
• Valid Ghana mobile number

The freedom to borrow and pay back slowly

Personal Loan is an all-purpose loan, offering you flexible repayment plans and the option to access additional funds after repayment over time.

So whatever you’re financing, it’s easy to lean on us.

Features

• Purpose of loan need not be disclosed
• No tangible collateral required

Access funds without breaking into savings

If you have existing deposits or investments with Ecobank, Cash Backed Loan is a pre-approved, low interest loan that can help you access your cash without liquidating your savings.

Features

• Overdraft or term loan
• Access up to 90% of funds

Short-term help with cashflow

If you’re suddenly faced with unexpected financial needs, we can help. Advance Facility allows you to get fast access to up to 50% of your net monthly salary.

Features

• Renews every 30 days for up to a year
• Charges only apply on utilised amount
• Available to Ecobank customers of at least three months
• Ecobank Advantage/Premier Account required

Easily manage your vacation expenses

Travel Loan offers you a simpler way to manage your vacation expenses, and includes discounts on tickets prices and hotel accommodation.

Features

• Convenient repayment plans

Help to get you to payday

Providing instant access to funds for emergencies, Salary Advance is a 30-day overdraft facility, offering employees of approved organisations access to up to 40% of their net monthly salary.

Features

• For short-term financial needs
• Available to Ecobank customers of at least three months

Fixed Term Loans (FTL): A short-term personal loan is ideal if you earn a minimum net salary of GHS400 a month

What you should know

• Minimum Monthly Income: GHS 400
• Minimum loan amount: GHS 500
• Maximum Loan Limit: GHS 10,000

What you get

• Flexible repayments through a Stanbic salary account or direct payroll deduction
• Minimum loan term of 12 months
• Maximum loan repayment term tied to retirement age up to 48 months
• Loan repayments should not be more than 45% of your net monthly income
• Competitive interest rates and facility fees
• Credit Life Insurance that covers permanent disability and death
• Top-up option available for existing loans after consistent repayment

How to get 

• You must work for an organisation profiled by us
• You have to be in employment for at least six months and confirmed in current job role
• You must have held an account with us for at least one month. (For salaried account holders)
• You do not need to have an account with us for direct payroll deductions
• Must be 21 years and not more than 60 years by facility expiry
• Ghanaian citizen or legal resident in Ghana (expatriates)
• Fill in the Unsecured Personal Loan application form and attach the following documents
• Proof of income – last three months’ payslips
• Proof of identity – passport, driver’s licence, Voters’ Identity Card
• Proof of address – utility bill less than three months old
• Letter of Undertaking from employer
• Six months’ bank statements (for new customers only)
• Passport photo (Direct payroll deduction customers only)
• Loan will be approved subject to a positive credit bureau report

Revolving Term Loan (RTL): A short- to medium-term revolving personal loan if you earn a minimum net salary of GHS700 a month

What you should know

• Minimum Monthly Income: GHS 700
• Minimum loan amount: GHS 2,000
• Maximum Loan Limit: GHS 50,000

What you get

• Flexible repayments through a Stanbic salary account or direct payroll deduction
• Minimum loan term of 12 months
• Maximum loan repayment term tied to retirement age up to 60 months
• Loan repayments should not be more than 45% of your net monthly income
• Competitive interest rates and facility fees
• Credit Life Insurance that covers permanent disability and death
• Top-up option available for existing loans after consistent repayment

How to get 

• You must work for an organisation profiled by us
• You have to be in employment for at least six months and confirmed in current job role
• You must have held an account with us for at least one month. (For salaried account holders)
• You do not need to have an account with us for direct payroll deductions
• Must be 21 years and not more than 60 years by facility expiry
• Ghanaian citizen or legal resident in Ghana (expatriates)
• Fill in the Unsecured Personal Loan application form and attach the following documents
• Proof of income – last three months’ payslips
• Proof of identity – passport, driver’s licence, Voters’ Identity Card
• Proof of address – utility bill less than three months old
• Letter of Undertaking from employer
• Six months’ bank statements (for new customers only)
• Passport photo (Direct payroll deduction customers only)
• Loan will be approved subject to a positive credit bureau report

Employer Managed Scheme Loan (EMS): A short- to medium-term personal loan structured for salaried employees on our Workplace Banking Group Scheme who earn a minimum net salary of GHS300 a month at negotiated concessionary rates

What you should know

• Minimum Monthly Income: GHS 300
• Minimum loan amount: GHS 500
• Maximum Loan Limit: GHS 50,000

What you get

• Flexible repayments through a Stanbic salary account or direct payroll deduction
• Minimum loan term of 12 months
• Maximum loan repayment term tied to retirement age up to 60 months
• Loan repayments should not be more than 45% of your net monthly income
• Competitive interest rates and facility fees
• Credit Life Insurance that covers permanent disability and death
• Top-up option available for existing loans after consistent repayment

How to get 

• You must work for an organisation profiled by us
• You have to be in employment for at least six months and confirmed in current job role
• You must have held an account with us for at least one month. (For salaried account holders)
• You do not need to have an account with us for direct payroll deductions
• Must be 21 years and not more than 60 years by facility expiry
• Ghanaian citizen or legal resident in Ghana (expatriates)
• Fill in the Unsecured Personal Loan application form and attach the following documents
• Proof of income – last three months’ payslips
• Proof of identity – passport, driver’s licence, Voters’ Identity Card
• Proof of address – utility bill less than three months old
• Letter of Undertaking from employer
• Six months’ bank statements (for new customers only)
• Passport photo (Direct payroll deduction customers only)
• Loan will be approved subject to a positive credit bureau report

A Stanbic Salary Advance is a personal overdraft tailored to meet your cash flow needs if you earn a salary. It is a cash bridging facility against your next pay cheque or salary credit. It is designed to help cover small but urgent unexpected expenses between pay days

What you should know

• Minimum Monthly Income: GHS 700
• Minimum Overdraft Limit: GHS 100

Key Features

• Access Anytime - Draw money whenever you need it from an overdraft that’s always available
• Convenience - Monthly pay back of used limit or a clean-up cycle of 30 days
• Pay as you go - Pay interest only on the amount that you’ve used during the month
• No Fuss - Avoid minimum monthly repayments, with full settlement the instant your salary is paid

What you get 

• An advance of up to 60% of your disposable net monthly salary (after all monthly loan deductions and commitments have been paid)
• Minimum overdraft limit of GHS100
• Facility limit renewal subject to satisfactory account performance
• Monthly pay back of used limit or a clean-up cycle of 30 days
• Facility fee of 2% (minimum GHS50) charged on approved limit and at each renewal
• No maximum overdraft limit
• Credit Life insurance premium of 0.84% on approved limit against death and permanent disability
• Interest applies only on portion of overdraft used each month

How to get 

• Work for any Stanbic profiled organization
• Earn a minimum salary of GHS400 a month
• Minimum salaried account relationship of:
  • One month - Workplace Banking Scheme companies/organizations
  • Three months – non-Workplace Banking Scheme companies/organizations
• Customers with salaried Stanbic Current Account
• Fill in a Personal Overdraft/Salary Advance application form and attach the following documents:
• Statement of account from previous bank (new to bank applicants only)
• Pay slips from the past three months
• Overdraft will be approved subject to a positive reference from credit bureau

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.

What you should know

• Minimum Loan Amount GHS 10,000
• Facility fee: 2%

Key Features

• 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 

• 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