Any regular income earner/business owner.
Preferable must be a member of a market group or an association.
For investing into trade businesses (Working Capital) or acquiring business assets (Fixed Asset)
Mode of calculation
Instalments will be calculated using the flat method on a monthly basis.
Cash Securities, Business & Household Assets and Inventories are the acceptable collaterals.
The total collateral value should not be less than the following percentages of the approved loan amounts:
1. One fully employed family related guarantor
2. An additional non-related guarantor is required in case the family related guarantor is not employed or without regular income.
Interest rates are very affordable and extremely competitive.
Disbursement fee is a fixed rate of 3.5% for all Flash Loans and is taken upfront.
Maximum maturity for the various loan products will be as follows:
Working Capital Fixed Assets
New applicant - 6 months 10 months
Repeat applicant - 8 months 12 months
Exceptional cases may be considered depending on the loan purpose; however Maturity limit will not exceed 18 months.
New applicants - 3 working days
Repeat applicants - 2 working days
Mode of repayment
Loan repayment is made via a current account owned by client with ASL.
Loans can be restructured, rescheduled and/or refinanced before maturity.
Min - GHC 100.00
Max - GHC 1,000.00