It is a new loan product designed to meet the additional funding needs of clients who already have an existing loan facility with ProCredit.

Business loan clients who have paid at least 40% of their current loan installments. Loan purpose should be related to the client's line of business.

Our ProDouble loan which is also a business loan starts from GH¢ 2000. Loan amounts are granted according to your investment plan and capacity.

Loan amounts ranging from GH¢ 2000 to GH¢ 20,000 can be disbursed within 7 days. Loan amounts above GH¢ 20,000 can take up to a maximum of 10 days depending on loan amount and corresponding credit analysis that will have to be carried out before disbursement.

Yes, interest is charged on any loan amount taken. The monthly interest rate ranges from 3.00% to 5.80% and is calculated on the outstanding principal balance. Apart from an administrative fee at disbursement, there are no other fees.

Installment is scheduled to be paid concurrently with the already existing loan. Both installments would be paid separately.

For loan amounts that increase your working capital, you pay back comfortably between 12 and 24 months. However, if you invest in fixed assets we can extend this period to 36 months. Repayments are usually in equal annuities, but we can tailor a repayment schedule to your business cycle. Production companies may be granted a grace period of up to 3 months due to the nature of their business.

Loans shall be processed at the original branch where you took your current loan.