Loan

Personal Loan: Acquiring personal loans from Stanbic Bank

Do you run a business firm, enterprise or company and you are looking for ways to acquire personal loan to finance the business? Or you want a start-up capital to start a business? I recommend Personal Loan from Stanbic Bank to you

Personal Loan – Stanbic Bank

We know you have lifestyle aspirations and that sometimes you need the right financing to realise your goals.

The unsecured Personal Loans offered by Stanbic Bank are flexible, short- to medium-term loans tailored to meet your personal financing needs such as buying household or electronic appliances, education expenses, home improvements, car maintenance, rent advance and other personal expenses.

Benefits of Acquiring loan from Stanbic Bank

Stanbic Bank offer these benefits to people who acquire loans from them

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

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Types of Personal loans at Stanbic Bank

  • Fixed Term Loans (FTL): A short-term personal loan is ideal if you earn a minimum net salary of GHS700 a month
  • Revolving Term Loan (RTL): A short- to medium-term revolving personal loan if you earn a minimum net salary of GHS1000 a month
    Salaried Earners Scheme (Non-Guarantee) – SESN : A short- to medium-term personal loan structured for salaried employees on our Workplace Banking Group Scheme who earn a minimum net salary of GHS500 a month at negotiated concessionary rates
    What You Get
  • Flexible repayments through a Stanbic salary account or direct payroll deduction
    Minimum loan amount:
    Fixed Term Loan: GHS2,000
    Revolving Term Loan: GHS2,000
  • Salaried Earners Scheme (None Guarantee) – SESN – GHS2,000
    Maximum loan amount: depends on income
    Fixed Term Loan: GHS10,000
    Revolving Term Loan: GHS2,000
  • Salaried Earners Scheme (None Guarantee) – SESN – GHS 300,000 subject to net salary and employer category
    Minimum loan term of 6 months
    Maximum loan repayment term tied to retirement age
    Fixed Term Loan – up to 48 months
  • Revolving Term Loan and Salaried Earners Scheme (Non-Guarantee) – SESN – up to 72 months subject to employer category
    Loan repayments should not be more than 50% 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

Read more: Ghanaian Language: Digitalize Ghanaian languages – Language Experts

How to acquire personal loan at Stanbic Bank

  • 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

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