Our Various Products
About Staff Salary Loans
Staff Salary Loans are loans offered to only Staff of Buoho St. Francis Co-operative Credit Union Ltd for 12 months to 36 months with the monthly Principal and Interest deductions not exceeding 40% of one’s Basic Salary amount.
Requirement of Staff Salary Loans
- Loan applicant must have served a probation period of 12 months as a Staff of the Credit Union
- Applicants must have subscribed to the minimum shares of Gh¢500.00 or more with not less than Gh¢500.00 in his/her Savings account
Benefit of Staff Salary Loans
No processing Fee is charged on the Principal Amount.
Loan Forms are purchased at Gh¢10.00 cost.
Members loan Principal amounts are insured against Disability and Death to a member
Staff Salary Loans attracts an annual interest rate of only 5% on the principal amount.
Staff who subscribes to this loan must pay the Total Outstanding Loan plus Interest upon Self Termination of appointment or Termination of Appointment by BSFCCU for gross misconduct or misappropriation of funds entrusted to his/her care