Unsecured Personal Loans
We know you have lifestyle aspirations and that sometimes you need the right financing to realise your goals. Our Unsecured Personal Loans are flexible, short- to medium-term loans tailored to meet your personal financing needs such as buying household or electronic appliances, education expenses, home improvements, car maintenance, rent advance and other personal expenses.
Types :
Our Unsecured Personal Loans include:
1. Fixed Term Loans (FTL): A short-term personal loan is ideal if you earn a minimum net salary of 100 USD a month.
2. Revolving Term Loan (RTL): A short- to medium-term revolving personal loan if you earn a minimum net salary of 250 USD a month.
3. Employer Managed Scheme Loan (EMS): A short- to medium-term personal loan structured for salaried employees on our Workplace Banking Group Scheme who earn a minimum net salary of 100 USD a month at negotiated concessionary rates
What does it offer you:
Flexible repayments through a Stanbic salary account or direct payroll deduction
Minimum loan amount:
- Revolving Term Loan: 1000 USD
- Fixed Term and Employer Managed Scheme loans: 300 USD.
Maximum loan amount: depends on income
- Fixed Term Loan: 10,000 USD
- Revolving Term and Employer Managed Scheme Loans: 50,000 USD.
Minimum loan term of 12 months
Maximum loan repayment term tied to retirement age
- Revolving Term and Employer Managed Scheme Loans up to 60 months -
- Fixed Term Loan - up to 48 months -
Loan repayments should not be more than 45% of your net monthly income
Competitive interest rates and facility fees
Credit Life Insurance that covers permanent disability and death
Top-up option available for existing loans after consistent repayment.
What you need to apply:
You must work for an organisation profiled by us
You have to be in employment for at least six months and confirmed in current job role
You must have held an account with us for at least one month. (For salaried account holders)
You do not need to have an account with us for direct payroll deductions
Must be 21 years and not more than 60 years by facility expiry
Netherlands citizen or legal resident in Netherlands (expatriates)
Fill in the Unsecured Personal Loan application form and attach the following documents
Proof of income – last three months’ payslips
Proof of identity - passport, driver’s licence, National ID Card
Proof of address - utility bill less than three months old
Letter of Undertaking from employer
Six months’ bank statements (for new customers only)
Passport photo (Direct payroll deduction customers only)
Loan will be approved subject to a positive credit bureau report
Consumer Finance Term Loan
Our Consumer Finance Term Loan is an unsecured personal loan used to finance consumer appliances and products (namely computers, printers, mobile phones, washing machines, refrigerators, cookers, LCD TVs, furniture) on a short-term basis through our partner vendors or dealers. Loans are available to customers earning a minimum net salary of 100 USD a month. Allows you to buy quality world-class branded consumer items through our vendors.
What does it offer you:
Loans range from 120 USD to 10000 USD
Loan terms from 6 to 12 months
Maximum loan term tied to your retirement age
Competitive interest rates, fixed for the term of your loan
Facility fee of 2% of loan amount
Credit Life Insurance that covers permanent disability and death
Can be taken as a second unsecured term loan with us
Flexible repayment options through salary account with us or direct payroll deduction by employer.
What you need to apply:
Be a salaried employee permanently employed with employment confirmed
Be a salaried income earner working for any of our Workplace Banking Scheme companies
Earn a minimum salary of 100 USD a month
Be over 21 years and not more than 60 years on expiry of the term of your loan.
Choose product/s from vendor’s shop or catalogue
Fill in a loan application and attach the following supporting documents:
Letter of Undertaking from employer
Pro-forma invoice from vendor/dealer
Statement of account from previous bank (new customers only)
Confirmation of current salary or pay slip
Give your filled in application form to a consultant at a branch/Executive Banker or PSC or vendor’s sales officer
Loan is approved subject to a positive report from credit bureau and amount is then paid to the vendor
You arrange for delivery of the product or items financed from the vendor.
Salary Advance Loans
A Salary Advance is a personal overdraft tailored to meet the cash flow needs of customers who earn a salary. It is a cash bridging facility against your next pay cheque or salary credit. It is designed to help cover small but urgent unexpected expenses between pay days.
What does it offer you:
An advance of up to 60% of your disposable net monthly salary (after all monthly loan deductions and commitments have been paid)
Minimum overdraft limit of 100 USD
Facility limit renewal subject to satisfactory account performance
Monthly pay back of used limit or a clean-up cycle of 30 days
Facility fee of 2% (minimum 50 USD) charged on approved limit and at each renewal
No maximum overdraft limit
Credit Life insurance premium of 0.84% on approved limit against death and permanent disability
Interest applies only on portion of overdraft used each month.
What you need to apply:
Work for any Eindhovenbank profiled organisation
Earn a minimum salary of 100 USD a month
Minimum salaried account relationship of:
- One month - Workplace Banking Scheme companies/organisations
- Three months – non-Workplace Banking Scheme companies/organisations
Customers with salaried Stanbic Current Account
Fill in a Personal Overdraft/Salary Advance application form and attach the following documents:
Statement of account from previous bank (new to bank applicants only)
Past three months’ payslips
Overdraft will be approved subject to a positive reference from credit bureau.
Eindhovenbank Home Loans
A personal mortgage is for customers who want to buy or build their dream home and pay back their loan over a long term. To help you achieve this important life ambition, we offer various home loan solutions that enable you buy or build the property of your dreams.
What does it offer you:
Home purchase: For the outright purchase of turnkey properties for primary accommodation
Developer construction: Purchase of residential properties from our preferred developers where property you want to buy is still under construction. We pay in stages to enable the developer to complete your dream home.
Employer Group Mortgage Schemes: Developer-based home construction on your land bought under organisation block lands schemes.
Equity release: Enables you to unlock the value in your existing property by taking a loan and using the cash released for a variety of personal needs, including the purchase of another home or prime land, business expansion or funding education.
Home improvements: Enables you to expand, remodel or renovate your existing property.
Refinancing: Our refinancing options include the following:
i. Internal Refinancing: Enables you to arrange new financing terms such as currency, amount and term of your existing Stanbic Home Loan
ii. External Refinancing: provides financing to take-over existing home loans from other financial institutions
iii. Cash-Out Refinancing – enables you to access extra money if the value of your property has appreciated over the years.
Home improvements
- We finance up to 80% of bill of quantities or pro-forma invoices.
Interest rate
Competitive variable interest rate in Ghana cedis, US dollars, GB pounds sterling or euro.
Insurance
On approval of your home loan, you need to take out compulsory life insurance and property insurance against fire and other perils.
Facility fee of 2% charged on approved loan amount.
What you need to apply:
Work for any Stanbic profiled organisation
Earn a minimum net salary of 1 USD to 500 USD a month
Be permanently employed
Be a high net worth individual considering buy-to-let options
Be over 21 years and under 60 years by the end of the loan term.
· Fill in a Home Loan Application form and attach the following supporting documents:
· Proof of income – past three months’ payslips
· Proof of past two years’ employment
· Proof of identity – passport, driver’s licence, National ID Cards
· Proof of residence
· Offer letter from developer (for Home Purchase, Developer Construction and Employee Mortgage Scheme)
· Bill of quantities, building plan and permit (for home improvement and developer construction)
· Property title documents (To begin title search)
· A Valuation Report from one of our approved valuers will also have to be given to us
· Loan will be approved subject to a positive credit bureau report
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