SME Loans
Find below some of the frequently asked questions.
- What is an SME loan?
- Who can apply for a SME loan?
- How much can I apply for?
- How long does it take to process a SME loan?
- What is the interest rate on my SME loan?
The SME loan is designed for Small and Medium scale entrepreneurs to enable them grow and expand their businesses.
Any legitimate business that has been in operation for at least 6 months.
You can apply for above GH¢ 20,000.
It takes up to 10 working days to process your SME loan.
SME loan for business purposes attracts a monthly interest rate of 4.50 - 3.00% depending on the amount. However interest rates on amount above GH¢ 150,000 is negotiable. Also an SME loan for agricultural purposes has an interest rate of between 3.60% - 2.75% depending on the loan amount.
