It is a scheme installment loan based on an arrangement between the Bank and the empolyer. The borrower is required to have an account relationship with the Bank (Exceptions may be considered).

(a) Purpose:

Consumer durables, furniture, land purchases, school fees, rent advance, medical bills and holiday. The loan is not for speculative purpose such as starting a business or speculating on the stock market.

(b) Target Customers:

  • Customers and non-customers of the Bank
  • Salaried Employees of reputable institutions
  • Minimum net salary of Gh¢ 100.00

(d) Terms:

Minimum Loan Amount:     GH¢ 500
Max Loan Amount:               GH¢ 15,000
Term:                                       Max – 24months

Top Up:      

  • Available when the customer’s salary passes through HFC Bank and
  • If it is within DIR or
  • After paying off 1/3 of the existing loan amount or
  • Salary increase after 6 months