WORKERS LOAN: This will aid you towards the acquisition of home appliances, a vehicle, payment of school fees, medical, travel and so forth. We provide this service to employees from different walks of life; ranging from the Government, UN, NGOs and Private Sectors.
Workers’ loans aimed to provide financial assistance to various employees (Government, NGO and Private Sectors) who are in need of such services. Under this category, employer will sign an agreement with GRB that will guarantee his employee who is in need of financial assistance. The employer will make sure that the employees’ salaries are paid through the bank for monthly repayments deducted from the source (their monthly salaries) The facility may be issued in a form of an installment loan or an overdraft facility.
Benefits • It provides funds for personal effects, purchase of property, payment of school fees, medical, funeral, travel, investment activities etc • Easily available within our wide branch network within the Ga West, East, South, North and Weija municipalities • Competitive interest rates • Low lending charges
Requirements 1. Permanent employee or on contract of not less than 1 year. 2. Three current salary slips 3. Identity card supported by introduction letter from employer 4. Guarantee from employer 5. Repayment amount must be 40% of Net Salary
BUSINESS LOAN: GRB offers its customers a customized business loan product that is ideally suited to the needs of their business. The GRB Business Loan is specifically designed for entrepreneurs to provide working capital or to finance the inventory and/or equipment purchases, investments, agricultural supplies or any other business related purpose. The GRB Business Loan helps you to grow your business,
Benefits • It provides loan funds for working capital, purchase of capital items and investment activities • Easily available within our wide branch network all within the Ga West, East, South, North and Weija municipalities • Competitive interest rates • Low lending charges • Can get technical advisory services on various areas of business management and book keeping
The borrower must:
• Be an individual entrepreneur or merchant, or a registered legal entity engaged in income-generating activities; • Have a GRB Current Account; • Have at least 6 months experience in the same business with evidence of banking transaction; • Be able to demonstrate competence and expertise in a particular business sector; • Demonstrate capability of operating a business profitably; • Have collateral (e.g. Cash security, business equipment, vehicle, house or land).