About Group Loan

A group-based loan that gives low-income entrepreneurs access to working capital funds.

Easy and quick application process.
Convenient, simple and reliable.

Door step delivery services and group support.
Access to advisory services.

Training, Co-Guarantee (Group Guarantee) serves as a collateral

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Features of Group Loan

All loans are not created equal, Group loan has become a great option for people to use as capital in their business.

Cash Loan Facility

With Group loan an amount of about 50,000gh cedis is given out to every group depends on the group's proposal or business idea the money is provided within 24hrs.

Special Preapproved Loan

We give out loans to anyone but our customers are our priority.So we expect that within the group there is at least a person who saves with us so the group who be able to gain the loan within 24hrs.

Easy Verifications

Our Group loans take the easy steps to verify what the group needs the money for,by so doing we also take into consideration what the group is using as a collateral if it value matches the money then the loan would be approved.

Minimum interest on Group Loans

Our loan rates and charges are very attractive and those not place too much burden on the customer we also give the customer 31 days grace period before interest is placed on the loan

Group Loan - Eligibility

Any monthly salary worker,market women, self-employed and professional. Public and Private companies, Government sector employees including Public Sector is eligible for a Group loan.

Age

Minimum age of applicant at loan maturity: 25 years

Maximum age of applicant at loan maturity: 60 years

Income

Minimum Net Monthly Income: Ghc 700

Credit Rating

Applicant should have our bank specified credit score.

Identification Card

Applicant should have a Ghanaian card or a passport To prove his Identity.

Frequently Ask Questions

These are question that most of our clients, customers or the public in general, ask about our services.
If your questions are not here fill free to contact us with your question and we promise to get in touch soon!!!!!!!!.

Can I pay off my loan early?

Yes of course you can pay off your loan as early as possible but that said the bank would add a little amount to the main amount you borrowed so they can make a profit.
"So let say you borrowed Ghc50,000 during January and you plan to pay off by the end of the year that is December but in June Your Business made a profit so you intend to pay off your loan if by december you are suppose to pay the bank Ghc75,000 but you are going to pay the loan in June the bank would calculate the amount you are suppose to pay to let's say Ghc 60,000"
and that would be the amount you would pay.

Do you offering refinancing ?

Yes, we offer refinancing services. Our refinancing options are designed to help you achieve better terms on your existing loans, potentially lowering your interest rates and monthly payments. Our team is here to guide you through the process and explore how refinancing can better align with your financial goals

When should i apply for a group loan?

A group loan can be a beneficial option in various situations:

Shared Business Ventures: If you and a group of individuals are starting a business together, a group loan can provide collective financial support, making it easier to secure funding for the venture.
Community Development Projects: Group loans can be useful for community-based projects, such as infrastructure development or initiatives that benefit a larger population.
Lower Risk for Lenders: Lenders may be more willing to approve a loan when it involves a group, as the risk is spread across multiple individuals, making it a safer investment.

Where are you located?

The current branch of the bank is located in Amansaman which is in the Greater Accra Region Of Ghana.

Get a Quote

Now apply for a Group Loan online, All you need to do is provide your details below application form.

Name

E-Mail

Phone

Group Loan