Our Various Products
About Funeral Loans
Funeral Loans are loans designed to help ease financial stress during an applicant’s time of grief for the loss of a family member.
Requirement of Funeral Loans
- Application letter (printer/ hand written)
- Evidence of death (e.g Death certificate, Morgue chit etc)
- Resolution from the bereaved family
- 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) (one of them should be a family member)
- An offer and acceptance letter (Letter of Notification)
Benefit of Funeral Loans
No Loan Processing Fee is charged on the principal amount.
Funeral Loan duration does not exceed one (1) month, except in special cases as shall be considered by the Loans Committee in consultation with the Credit Manager.
Funeral Loans attracts a flat interest rate of only 5% on the principal amount.
The applicant must be a member of the Credit Union and a relative of the bereaved/deceased.
Loan Forms are purchased at Gh¢10.00 cost