Consumer Loans

Home / Products / Loan / Consumer Loans

Where the Bank works in partnership with retailers or vendors to provide approved applicants with consumer items. This product is available to both customers and non-customers alike. But beneficiaries who are not under employer assisted schemes with HFC bank will have to pass their salaries through HFC Bank.

TERMS
Target Customers:   
  • Customers and non customers of the Bank
  • Investors in HFC Managed Funds
  • Applicant deals directly with HFC Bank for the loan facility.
  • Min. Net salary GH¢100.00
Purpose:  
  • To buy consumer durables, furniture, electrical appliances such as television, refrigerators, DVD players, Sounds Systems, internet services etc.
  • The Bank works in partnership with retailers or vendors to provide approved customers with the consumer item.
Minimum Loan Amount:            
  • GH¢500.00
Max Loan Amount:   
  • GH¢5,000.00
Term:
  • Max 24 months
Interest Rate:            
  • Lending Rate
Repayment Plan:
  • Monthly Installments
  • Standing orders to debit current account