Salary LoanBank of Ghana Regulated Facility
Salary Loan
For salaried employees seeking credit backed by monthly income. For employees on a verifiable payroll. Fast approval, with repayment structured around your monthly salary cycle.
Annual Interest48% p.a.4% / month flat
Processing Fee5%One-off deduction
Early Liquidation0.25%On outstanding principal
Decision Time24–48 hrsRapid underwriting
Facility Features
Loan sized directly to your net monthly salary
Repayment by payroll check-off deduction or bank standing order
Credit decision typically within 24–48 hours
No physical collateral required beyond salary assignment
Predictable fixed monthly repayment schedule
Required Documents
Valid national ID (Ghana Card, passport, or voter ID)
3 most recent payslips certified by HR/Payroll
6-month bank statement or employer salary confirmation letter
1 passport photograph and proof of residential address (GPS / Digital address)
1 Guarantor with valid national ID & proof of employment/residence