Stanbic Bank Ghana: Savings Accounts, Loans, Contacts and Details

Stanbic Bank Ghana: Savings Accounts, Loans, Contacts and Details… Featured in this post-session is the Stanbic Bank Ghana: Savings Accounts, Loans, Contacts and Details.

-Advertisements-

Stanbic Bank Ghana is one of the best commercial banks in the country. Over the past decade, the banking and financial services industry in Ghana has seen significant improvements in the quality of service delivery and provision of superior financial products and packages. Stanbic bank entered the market at the beginning of this period of transformation and in ten years it had already earned a well-deserved reputation as a customer oriented, business-friendly and socially relevant bank.

Stanbic Bank Ghana Loans

Overdraft

An Overdraft is the ideal way to manage your cash flow .It is a fluctuating loan linked to a business current account.

An overdraft offers Cash when you need it and You only pay interest only on the amount you use. The Interest accrues daily on the outstanding amount and is payable at the end of the month.
Facility is available for use for 12 months and is renewable subject to good performance.

Requirements for application

  • Business registration documents
  • Six months’ statements from another bank
  • Three years’ financial statements and cash flows
  • Accepted collateral includes, but is not limited to, landed property, cash or investments (Treasury Bills) and Bank Guarantee from a reputable bank
  • Favorable credit bureau report.
  • You may need to meet other conditions or give us more documents subject to specific borrower conditions.

Business Team Loan

These are customized loans for a fixed term and is repaid over a period of up to five years with predetermined monthly or quarterly installments.

What does it offer you:

  • Financing of long-term fixed assets and business growth
  • No need to take money out of your business for long-term investments
  • For monthly repayment, we offer equal monthly installments to make it easier to plan effectively
  • No minimum or maximum loan amount
  • Loan term of up to five years.

What you need to apply:

  • Business registration documents
  • Six months’ statements from another bank
  • Three years’ financial statements and cash flows
  • Accepted collateral includes, but is not limited to, landed property, cash or investments (Treasury Bills) and Bank Guarantee from a reputable bank
  • Favorable credit bureau report
  • You may need to meet other conditions or give us more documents subject to specific borrower conditions.

Revolving Short Term Loan

A short-term loan used to buy stock for your business.

What does it offer you:

  • Ability to structure loan to your specific business cycle
  • Allows you to manage stock effectively
  • Payouts usually made against invoices from suppliers.

What do you need to apply:

 

  • Business registration documents
  • Insurance on stock
  • Six months’ statements from another bank
  • Three years’ financial statements and cash flows
  • Accepted collateral includes, but is not limited to, landed property, cash or investments (Treasury Bills) and Bank Guarantee from a reputable bank
  • Favorable credit bureau report.
  • You may need to meet other conditions or give us more documents subject to specific borrower conditions.

Fixed Deposit

-Advertisements-

A Fixed Deposit is an investment account where money is deposited for a fixed period and the interest rate does not change. A Fixed Deposit offers higher interest rates than ordinary savings accounts and is ideal if you want to save for a specific goal, like a wedding or a holiday.

Benefits

  • You get to choose an investment period.
  • There are no service fees charged
  • Several investments period options are available ,from 3-24 months.
  • You can have more than one fixed deposit if you want to save for different goals.
  • You cannot withdraw funds from your fixed deposit during the term of your investment
  • If you end your investment early,you will need to pay a penalty.

Requirements for application

  • You must make a minimum investment of at least Ghs500.00
  • Must be 18 and above
  • National ID,driver’s license or passport
  • Two Passport-size photographs
  • Proof of address-utility bill less than three months old.
  • You don’t need to give us the above documents if you hold a current or savings account.

Pure save

Pure save is an account used to save towards a particular goal or purchase, or to give you the peace of mind that comes from Knowing you are ready for the unexpected . You earn interest each month ,which means your money grows faster and you reach your financial goals quickly.

Contract Save

Contract Save is an affordable ,disciplined savings plan that can be tailored to suit your specific needs . It is ideal if you want to save for big future expenses like a deposit on a house ,your children’s education or to top up your retirement savings. A compulsory, monthly standing order is required to fund the account. this ensures that you save regularly over a pre-selected period ,without giving in to the temptation to spend your savings.You can also open a Contract Save account for your children and get them on the road to a successful future.

Bonus Investment

A Bonus Investment allows you to invest a lump sum over a chosen period and rewards you with bonus interest on maturity of your investment.

Stanbic Bank Ghana Contacts

-Advertisements-

Name:
Location:
Postal Address:
Telephone:+233(0) 302 815 789
Email:
Website: www.stanbicbank.com.gh

Share this post with your Friends:


See more Post about:
Previous article
Next article

Leave a Reply