Workers Friend

Posted on: 23 October 2022

Workers Friend

These are six (6) months Loan facilities for employees who collect their monthly salaries, allowances and other remunerations through the Bank.

1.      Applicants are to operate with the Bank for at least one (1) month to be eligible.

2.      Applicants shall complete and sign the prescribed request forms.

3.      Applicants shall have two (2) guarantors who receives their salaries through the Bank.

4.      Advances in most cases, shall be disbursed to applicants the same day upon submission and approval of request forms.

5.      An interest of 8.5% per month shall be charged on the amount granted subject to review.

6.      Advances shall be repaid fully within 6 months (? of Principal and Interest Monthly).

7.      Minimum applicable amount for this facility is GH?1,000.00 subject to review.