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
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
An investment account that allows individuals and enterprise to save towards the acquisition of land within a specified period of time
Features
- Initial deposit of GH¢50.00
- Customer pays 50%-70% cost towards the land daily, weekly, or monthly within a period of not less than 6 months.
- Pacific pays the remaining amount at interest rate of 1.5% per month to be paid by customer by in installments within the period agreed to by both parties.
School Fees Account
Features
- Opening balance of GH¢50.00
- Four withdrawals in a year
- No charges
Benefits
- Three free banker’s draft in a year for school fees payment
- No transactional cost
- Amount built up over six (6) months could be doubled and granted as loan at a lower rate of interest for maximum period of three (3) months
Pacific Me Daakye Account
Features
- Earn interest on balances over GH¢1500.00
- Minimum monthly contribution of GH¢ 100.00
- No partial withdrawal before due date
- Interest is paid at maturity- twelve (12) months
Benefits
- Access instant loan up to 80% of your savings at negotiable rate
- Easy to operate (daily contribution is allowed)
- Free door step banking from our mobile bankers
- Free SMS alert cash deposits and withdrawal
Pacific Adom Flexi Account (Half Yearly Flexi-125)
Features
- Earn good interest on balances over GH¢500.00
- Minimum monthly deposit of GH¢ 50.00
- No partial withdrawal before due date
- Interest is paid at maturity- six (6) months
Benefits
- Access instant loan up to 80% of your savings at a negotiable rate
- Free door step banking from our Mobile Bankers
- Easy to operate (daily contribution is allowed)
- Free SMS alert cash for deposits and withdrawal
- No charges
Quarterly Double Flexi (124)
Features
- Earn attractive interest on balances over GH¢ 500.00.
- Interest payment is made at maturity- three(3) months
- No partial withdrawal
Benefits
- Easy to operate (daily contribution is allowed)
- Free door step banking from our mobile banker
Double Benefit Flexi (123)
Features
- Earn attractive interest on balance over GH¢ 500.00
- Interest payment is made at maturity
- Maturity period (1) month
- No partial withdrawal
Benefits
- Attractive Interest rate.
- You have access to your money in a month
- Free SMS alert for cash deposits and withdrawal.
- Free door step banking from our mobile bankers
Fixed Deposit Account
Features
- Place your deposit for three (3), Six (6), Nine (9) and twelve (12) months
- Earn attractive interest
- Interest rate is negotiable
- Interest payment is made at maturity
Benefits
- Easy to open
- Get your certificate
- Access to instant loan of up to 80% of your savings at negotiable rate
- The investment can be used as cash margin on loan or as collateral
- Free SMS alert
Business Developer Account
Features
- Initial deposit GH¢150.00
Registered businesses under the ff:
- Import and Export
- General Merchants
- Distributors
- Wholesalers etc
Benefits
- Eligible for top up capital loan after a month
- Eligible for clearing loan after a month
- GH¢1000.00 collateral free overdraft limit after 2 months ( subject to approval)
Current Account
Features
- Initial deposit of GH¢10.00
Benefits
- Eligible for a loan facility after 3 months
- Provision of cheque books —25 / 50 leaves
- Cash collection from mobile van.
- Free SMS alert on cash deposits and withdrawals.
Daily Saver Account
Features
- Daily cash savings from GH¢5.00
- Daily cash collection by mobile bankers.
Benefits
- Maintain a minimum balance of GH¢50.00 for no debit fee for withdrawal
- Get double of your deposit as a first time applicant
- Get triple of your deposit for the subsequent loans
- Get interest on your savings.
- Free door step banking from our mobile bankers
- Access loan up to GH¢1,000.00 with no guarantor
- Free SMS alert for cash deposits and withdrawals.
Pacific Savings Plus Account
Features
- Initial deposit of GH¢10.00
- Minimum balance of GH¢500.00
- Loyalty Period of 3 months
- Any balance of GH¢2,000.00 and above attracts interest of 3% p.a.
Benefits To The Account Holder
- Can serve as margin for a loan (NB: benefits cease during loan period)
Savings Account
Features
- Initial deposit of GH¢ 5.00
Benefits
- Eligible for a loan facility after 3 months
- Provision of withdrawal book
- No restriction on withdrawals
- No transactional cost
- Withdrawal can be made on behalf of a client but a valid ID card should be presented for confirmation
- Attractive interest rate on minimum balances of GH¢500.00
- Free SMS alert on cash deposits and withdrawals