Loan Product Pricelist
Business Loans
| PRODUCT |
INTEREST RATE per month (depending on loan amount) |
MATURITY | DISBURSEMENT FEE | ||
| Working Capital | Fixed Assets | ||||
|
MICRO LOANS
|
(GH¢ 2,000 to 10,000) | 5.80% | 3 – 12 months | 3-24 months | 2.25% |
| (GH¢ 10,001 to 20,000) | 4.50% | 3 – 12 months | 3-24 months | 2.00% | |
|
SME LOANS
|
(GH¢ 20,001 to 25,000) | 4.50% | 3 – 18 months | 3 - 36 months | 2.00% |
| (GH¢ 25,001 to 50,000) | 3.50% | 3 – 18 months | 3 - 36 months | 1.50% | |
| (GH¢ 50,001 to 150,000) | 3.00% | 3 – 18 months | 3 - 36 months | 1.50% | |
| (GH¢ 150,001 and above) | Negotiable | 3 – 18 months | 3 - 36 months | 1.25% | |
ProCredit Line
| PRODUCT |
INTEREST RATE per month (depending on loan amount) |
MATURITY |
SET UP FEE (on initial limit) |
|
| Working Capital | ||||
|
MICRO LOANS
|
(GH¢ 2,000 to 10,000) | 5.60% | 1 – 6 months | 2.00% |
| (GH¢ 10,001 to 20,000) | 4.950% | 1 – 6 months | 2.00% | |
|
SME LOANS
|
(GH¢ 20,001 to 25,000) | 4.95% | 3 – 18 months | 2.00% |
| (GH¢ 25,001 to 50,000) | 4.00% | 3 – 18 months | 1.50% | |
| (GH¢ 50,001 to 75,000) | 3.30% | 3 – 18 months | 1.50% | |
| (GH¢ 75,001 to 150,000) | 3.30% | 3 – 18 months | 1.00% | |
| (GH¢ 150,001 and above) | Negotiable | 3 – 18 months | 1.00% | |
| Penalties:from first day of arrears, 0.75% per day over amount in arrears. | ||||
Agro Loans
Minimum qualification for Agro Loans:
Applicant must have been in active business for not less than 3 production seasons of (accumulated) experience
in the farm activity business or one year depending on the farming type.
Security: Mixed collateral combinations possible, no guarantor in the case of mortgage.
| PRODUCT |
INTEREST RATE per month (depending on loan amount) |
MATURITY | DISBURSEMENT FEE | ||
| Working Capital | Fixed Assets | ||||
|
MICRO LOANS
|
(GH¢ 1000 to 2000)
|
4.50% | up to 18 months | up to 24 months | 2.00% |
| (GH¢ 2,001 to 10,000) | 4.10% | up to 18 months | up to 48 months | 2.00% | |
| (GH¢ 10,001 to 20,000) | 3.60% | up to 18 months | up to 48 months | 2.00% | |
|
SME LOANS
|
(GH¢ 20,001 to 25,000) | 3.60% | up to 24 months | up to 60 months | 2.00% |
| (GH¢ 25,001 to 50,000) | 3.00% | up to 18 months | up to 48 months | 1.50% | |
| (GH¢ 50,001 to 150,000) | 2.75% | up to 18 months | up to 48 months | 1.50% | |
| (GH¢ 150,001 and above) | Negotiable | up to 18 months | up to 48 months | 1.25% | |
For all our Loans, special conditions apply to good repeat clients in terms of Interest rates and maturity period.
ProCredit SLC reserves the right to amend any of the above charges without prior notice.
Effective Date: April 2010.
