Our Various Products
About Coporate Loans
Corporate Loans are loans offered to Registered Businesses, Schools, Churches, etc with the Principal requested amount not exceeding five (5) times the member’s Total Savings and Shares.
Requirement of Coporate Loans
- Application letter (printer/ hand written)
- Business Registration Documents, Certificate of Incorporation (if any)
- Business Area Land/Premises Purchase/Rent Agreement Documents
- Guarantor’s form duly signed by both the guarantor(s) and the applicant
- Identification (e.g Ghana Card) and passport picture of both the applicant and the guarantor(s)
- An offer and acceptance letter (Letter of Notification)
Benefit of Coporate Loans
Only 2.50% interest rate is charged on the total loan request as Loan Processing.
An applicant must satisfy all the 5 C’s of Credit, ie, Character (credit history), Capacity (ability to repay), Capital (owner's investment), Conditions (economic and market factors), and Collateral (assets pledged as security)
Loan Forms are purchased at Gh¢10.00 cost.
Continued Interest: Your held savings generally continue to earn interest during the loan term, which can help offset part of the borrowing cost.
Corporate Loans attracts an annual interest rate of only 25% on the principal amount.