Product Overview
BACCSOD salaried Loans are targeted towards employees of both public and private institutions who have current account with BACCSOD and receive their salaries through BACCSOD
Features
- It is targeted at employees of government and private institutions
- Flexibly in accessing loans
- Loan repayment term of 36 months
- No collateral is required
- Interest rate and principal repayments are always fixed which helps in budgeting
Requirements
- Account holder must have operated the account for not less than 3 months
- Loans shall be guaranteed by employer
- Ghana Card and Staff ID of the Applicant is required
- Pay slip of the last 3 months (recent)
- Letter of consent by Employer
- 2 guarantors are required
Benefits of the Product
- Hustle free loans
- Competitive interest rates
- Account holder receives lumpsum of money upfront, allowing them to pay back over fixed term
