Pacific Savings and Loans Service

Pacific Savings and Loans Service

Pacific Business Developer Loan

Features

  • Registered businesses (importer/exporter, General merchant or Distributor).
  • They can access top up working capital loan or import / duty clearing loan.
  • A maximum 7 day approval time subject to terms and conditions
  • Insurance Cover against Death, Permanent Disability plus Fire and Allied Perils.
  • SMS alerts or reminders for Loan Repayment dates.
  • Ability to pay through our Cash Collection Van for your convenience.

Short Term Limit

An agreed limit for an extension of credit for when an account reaches zero within a given period.

Target Group

SME’s and  Limited Liability Companies

Features

  • Continue withdrawing money even if your account has no funds within it (subject to agreed limit)
  • Flexibility to meet ongoing liabilities when and if they do arise.
  • Payments of Cheques which will otherwise bounce or returned to sender Insurance Cover against Death and Permanent Disability.

Pacific Saver Loan

Features

  • A loan granted to individuals/ SME applying for a facility above GH¢2,000.00.
  • Insurance Cover against Death, Permanent Disability plus Fire and Allied Perils.
  • SMS alerts or reminders for Loan Repayment dates.

 

Requirement

  • Effective account operation for three months or above.
  • The applicant should operate Savings or Current accounts
  • The repayment period is 6 months or less (term in excess of 6 months is negotiable).

Small Individual Saver Loan

Features

  • A loan amount of GH¢2,000.00 or less.
  • Repayment through a Mobile Banker for your convenience.
  • Insurance Cover against Death, Permanent Disability plus Fire and Allied Perils.

 

Requirement

  • Effective account operation for three months or above
  • The applicant should operate a Savings or Current Account for a minimum of three months
  • A monthly repayment period of 6 months or less.

Double Benefit Loan

Target Group

  • Individuals, Petty Traders and Enterprises

 

Features

  • Insurance Cover against Death, Permanent Disability plus Fire and Allied Perils.
  • Repayment through a Mobile Banker for your convenience.

 

Requirements

  • Contribution per month should be a minimum 20 days.
  • A daily saver contributor for not less than three months or an exceptional case of one – two months

Obrapa Loan (Micro)

Target Group

  • Petty traders
  • Graduates from Micro Group Loans

 

Features

  • Loan amount of up to GH¢2,000.00.
  • Insurance Cover against Death, Permanent Disability plus Fire and Allied Perils.
  • Reasonable Loan repayment period (12 months).
  • Repayment through a Mobile Banker for your convenience.

 

Requirements

  • An old member of a Pacific Savings and Loans Micro Group Loan

Micro Group Loan

Features

  • The Loan Processing Period Is Not More Than 48 Hours

  • Reasonable interest rate
  • Repayment period not exceeding 6 months
  • Mode of repayment is weekly
  • No collateral needed
  • Group membership guarantee

 

Requirement

  • Members must be in same market
  • Membership constitutes 5 to 10 in a group
  • Each group should have a leader and assistant

Funeral Loans

Target Group

  • Bereaved families

 

Features

  • Loan amount of GH¢1,000.00 and upwards.
  • Competitive Interest.
  • Negotiable Processing and commitment fee.

Requirements

  • Two guarantors are required.
  • Mode of repayment: A Pacific and Savings Loans Ltd representative will be at the funeral table for cash collection.
  • Loan Repayment duration: Maximum of two months.

Emergency Loan

Target Group

  • Individuals and Enterprises

 

Features

  • Reasonable Interest rate.
  • Negotiable Processing fee.
  • Processing period: not more than 48 hours.
  • Repayment period: maximum of 3 months.
  • Mode of repayment: installment/ one off payment depending on the purpose stated in loan agreement.
  • Insurance Cover against Death, Permanent Disability plus Fire and Allied Perils.

Pacific Save for Land Account

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