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.

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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

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