About Cash Backed Loans
This is an investment linked loan offered to Fixed deposit clients who want to raise capital using the investment as security. Application is processed within the SAME DAY, monthly instalment and 12-month duration at competitive rate
Target Group
1. Fixed Deposit Clients
2. Prospective fixed deposit clients
3. Saving and Current account holders who may want to convert to fixed deposit.
Loan Amount
1. Maximum Loan amount shall not exceed 85% of client investment
2. Shall be for Fixed deposit above GHC5,000
Loan Duration
1. Maximum: Up to 12 months
2. Processed within 24 hours upon receipt of application
Frequency of repayment
1. Monthly payment
2. 1st repayment date starts one month after disbursement
Requirements
To be eligible for the Cash Backed Loans, here are the requirements
National ID
Passport Picture
No guarantor is required
Applicant should have a fixed Deposit account
Applicant who has facility with ASL may be considered
The loan and Fixed deposit must have the same duration
After computation, the investment portion shall not fall below an amount GHC3,000
What clients say about our Products
