Loan apps

You might think of how to get a loan from First Atlantic Bank Ghana. The good news is that it isn’t nearly as difficult as you might think. Customers can choose from a variety of options at First Atlantic Bank to help them realize their dreams and goals. From entrepreneurs to salaried workers to retirees, there is something for everyone. In recent years, loans have been a popular option, particularly when looking to invest or simply meet responsibilities. Therefore, for whatever reason it is, First Atlantic Bank loans surely have you covered.

As you read along, you’ll learn more about how to get a loan from First Atlantic Bank, their mobile banking services, etc.

About First Atlantic Bank Ghana

First Atlantic Bank is a full-service commercial bank in Ghana with over 20 years of expertise. The bank began as a merchant bank, but in 2011, it transitioned to a universal bank with a broader product offering.

They’ve won a slew of honors for their outstanding work in customer service, trade finance, and corporate banking. Retail, corporate, and institutional banking, as well as private banking and electronic banking, are all areas where the bank excels. Each category has a variety of unique services aimed at making our customers’ lives easier.

What are the loan products of First Atlantic Bank Ghana?

First Atlantic Bank Ghana offers some loan products to its customers. They include:

1. Atlantic Salary Advance

This is a salary advance loan they designed to provide credit to employees of blue chip firms the Bank approved who have regular paychecks. Besides that, they also need financial help to satisfy urgent obligations before their next paycheck.

The features of Atlantic Salary Advance

The following are the features of Atlantic Salary Advance:

1. Up to 70% of an employee’s one month’s salary net of taxes and all deductions.
2. Has a global limit of GH₵1,000,000 (One million Ghana Cedis)
3. It has a 2% flat on facility amount payable upfront.

2. Atlantic HiLife

This is an interest-free loan that allows salaried employees to purchase personal household assets, such as appliances or furniture, on flexible payback terms.

The features/ benefits of Atlantic HiLife

1. It has an individual limit of up to GH₵40,000.00 for household items and GH₵100,000 for vehicles.
2. Interest free loan repayable in up to 12 equal monthly instalments.
3. Available for employees of reputable companies and public sector organizations.
4. You can purchase high value brands from reputable vendor partners with guarantees on quality.
5. As a customer, you can get assets without pre-financing the purchase of these assets.

3. Atlantic Personal Loan

The product provides credit to permanently paid employees for personal purposes. They aim this product program for all government permanent paid employees, such as doctors, judges, lecturers, instructors, and nurses, as well as Tier 1 clients who meet the Bank’s recruitment standards.

The features of Atlantic Personal Loan

The following are the features of Atlantic Personal Loan:

1. It supports their customers who need short-term needs.
2. There is an insurance fee of 1% flat on facility amount payable upfront.
3. It comes with a tenor of a maximum of 48 months.

4. Atlantic Auto Loan

This offer allows employees of reputable businesses and government agencies to purchase new or slightly used vehicles at low loan rates.

The features/ benefits of Atlantic Auto Loan

The following are the features of Atlantic Auto Loan:

1. Individual limit of up to GH₵100,000.00 (for new cars) and GH₵80,000.00 (for used cars) based on debt service ratio.
2. Long repayment periods of 60 months for new cars and 48 months for used cars.
3. It has a competitive interest rate based on current base rate plus risk premium.

5. CAGD Deductible Loans

They designed this product to offer credits to Public Service Staff. Typically, staff who receive their salaries through the Controller and Accountant General’s Department (CAGD). This CAGD loan will help them finance their Personal Obligation or gain Household Assets.

The features of CAGD Deductible Loans:

1. This product supports their customers who receive their salaries through the Controller and Accountant General Department. Just for those who need support for short-term needs.
2. It grows retail assets on the consumer lending space

How can I apply for First Atlantic Bank Loans?

Your financial obligations will always motivate you to source for funds. Although you might not have wanted to get a loan from a lender. But the pressing need you have may not give you all the time you might need to scale through times you lack funds. Therefore, getting a loan to solve those pressing needs could be the only thing that makes sense to you.

However, in order to apply for First Atlantic Bank loans you should:

1. Visit any of their branches in Ghana and request the loan product that best suits your needs.
2. Visit their website and apply for the loan you want. Their website is in the contact details below.
3. Use their bank short codes to request for the loan you need or perform other financial transactions.

First Atlantic Bank Short Code

First Atlantic Bank released their short code in February 2020 to make banking more convenient. You can check your bank balance without going to the bank with the short code. Some carriers have already added a mobile money short code option to their mobile money short codes to supplement the bank.

What Is The Short Code of First Atlantic Bank (FAB)?

*442# is the official FAB short code. Other choices on your mobile money include depositing money into your bank account and withdrawing money from your associated bank account. However, they are limited.

Each time you use the code, FAB deducts 1% of your money when you deposit or withdraw money from your mobile money account. That is the only option for which they charge the USSD Code. Although they have brought this to the Bank’s knowledge, it has refused to consider this option.

There are no fees for making deposits at the bank.

Use the MTN Mobile Money Short code *170# to avoid the one percent deduction when making a withdrawal or deposit into your account.

Read also: USSD loan codes in Ghana – What you should know

How Can I Withdraw Money Into My Mobile Money Account Without Paying The Charges

If the charges you’ve been paying for withdrawing your money into your mobile money account bothers you. Don’t worry, there’s a way to withdraw your money without them charging you, just:

1. Buzz *170# on your phone when using MTN Network.
2. Reply With (5) Financial Service
3. Select (1) Bank Service
4. Select Either (1) or (2)
5. Choose(12) First Atlantic bank
6. Select Your Account
7. Enter Amount

6 Things You Can Do With The First Atlantic Bank Short Code?

There are some financial transactions you can carry out using the Atlantic Bank Short Code. They include:

1. Buy Airtime and Mobile Data
2. Account Services
   • Request Cheque book
   • Cancel Cheque Book
   • Stop Cheque
   • Request Card
   • Block Card
3. Transfers
4. Pay Bills
5. Invest
6. Inquiries
   • Account Balance
   • Mini Statement
   • FX Rates

What are the contact details of Atlantic Bank Ghana?

For more enquiries on their loan products, you can reach out to them through:

1. Location: Atlantic Place
2. Address: No. 1 Seventh Avenue Ridge West, Accra, Ghana.
3. Email: info@firstatlanticbank.com.gh 
4. Website: www.firstatlanticbank.com.gh
5. Telephone: +233 (0)30 268 2203, 268 0825.
6. Fax: +233 (0)30 267 9245.

Conclusion

Having seen the loan products that First Atlantic Bank Ghana offers its clients. Just select the loan products that will be commensurate to your financial capacity. However, after getting the loans, ensure you repay them promptly to improve your credit score. Besides that, when you comply with the terms of these loans, your lender would be eager to lend you more in the future. Just because you respected your initial agreement with him. Ultimately, your good financial behaviour will not let credit bureaus in Ghana blacklist you.

Adamfopa loan is one of the loan products you could try out in Ghana. Fintech must be one aspect of technology that deserves praise if there is anything we can do to celebrate it. This is because it has improved the use of financial services and automated delivery. Fintech’s invention has benefited society, including the mobile loan.

In Ghana, getting a loan from a bank, friend, or family member is not always guaranteed. Consequently, when people have no cash flow, it becomes difficult to implement their company ideas.

But now that mobile loan apps are available in Ghana, people can access cash flow within five minutes.

Read on to learn how to apply for an instant loan from Adamfopa.

What Is Adamfopa?

Quick loans are available from Adamfopa for Ghanaians with good credit. You can effectively access credit from them at any time and anywhere. Therefore, by offering loan services, Adamfopa can assist you in resolving your financial issues if you have good credit.

Who Is Eligible For Adamfopa Loan?

Before you can access any loan type, you must be eligible. So, the following are their eligibility for loan application:

• The applicant must reside in Ghana.
• The candidate must be between the ages of 20 and 55.
• All applicants must show the source of his/her monthly income

What makes Adamfopa Loan better than its competitors?

You may know the several mobile lending apps available in Ghana. You might ask why you should pick an Adamfopa loan over the competition.

Here are some justifications for selecting Adamfopa:

• You can use your credit to apply for a loan. No upfront payment is required before receiving the loan, nor are any deposits or guarantees required.

• GH₵5,000 maximum. Pay out your mobile money (MTN, Vodafone, or Airtel Tigo) every so often.

• A digital and paperless procedure done through your phone. You can complete every step online.

• They never share your information with a third party without letting you know. With them, your data is completely secure.

• Do not stress about forgetting to pay. They’ll remind you by sending an SMS.

What is the interest rate?

Every loan comes with an interest rate, for Adamfopa Loan interest rates range from 7.16 percent to 22.01 percent yearly.

For example:

If you request a GH₵1,000 loan, the period is 120 days, the yearly interest rate is 10.95%, and the service rate is zero.

So, the daily interest rate of 10.95% divided by 365 days equals 0.03%.

The interest rate for 120 days is $1,000 multiplied by 10.95% divided by 365 days is 36. The total payback equals 1,000+36= GH₵1,036.

How to apply for an Adamfopa loan work?

Do the following to apply for an Adamfopa loan:

1. From the Google Play Store, download the Adamfopa app.
2. Register an account.
3. Pick up the product you want to apply for.
4. E-sign the loan agreement while you have filled out your basic information. Then submit the application.
5. You may receive a call for verification after the submission. They will show the final application result in the app and inform you by SMS if approved.
6. They will disburse money into your selected account.

What is the Adamfopa loan term?

The loans lenders offer their customers always have terms. However, for Adamfopa, their loan term is 91-180 days. Whereas the service charge is from 0% to 1.35 %.

What are the contact details of the Adamfopa loan?

For more information, contact Adamfopa Loan if you have questions or difficulties.

• Office address: 7 Obaakrowa Close, Accra-NewTown.
• Email:  adamfopaghana@gmail.com
• Tel: +233 247789757.

Conclusion

Having read the details of the Adamfopa loan in this article. You may now decide to explore their loan offers. However, ensure you do not get the loan you cannot repay, as it will affect your credit score. Besides that, the inability to repay your loan makes your financial situation way worse than it was. Therefore, ensure you can meet their requirements and be able to repay before getting an instant loan from Adamfopa loan.

Dalex Finance Loan is one of the products Dalex Finance offers to serve its customers better. Getting a loan from the financial institution around you could be one of the few options that make sense. Sometimes you would have to access cash flow to meet your financial commitments. Speaking of financial commitments, you already know there are some needs you can’t do without. Therefore, getting a personal loan to meet your personal needs or consolidation loan to merge your debts could come in handy.

In the rest of this article, you will learn more about Dalex Finance, their products, how you can access them, etc.

About Dalex Finance

Dalex Finance is a Bank of Ghana-licensed Specialized Deposit-taking Institution (SDI) that is entirely owned and controlled by Ghanaians (BoG). Since 2006, Dalex Finance has been operating in Ghana.

Dalex Finance has been transitioning to a digital finance company since 2013, with the goal of delivering products and services quickly and easily.

We thoroughly assess the relevance of our products and services to ensure that they satisfy the needs of our current customers and to design appealing and competitive packages for future customers. Dalex offers Salary Loans, Business Loans, and Investments at the moment.

What are the businesses of Dalex Finance?

Dalex Finance offers some businesses to serve their customers better. They include:

1. DALEX SWIFT

This is a unique product. You get interest rates that are higher than the market rate. There are no additional fees or charges for services. The Bank of Ghana has approved it and is closely monitoring it. You can keep adding to your principal on a monthly basis, no matter how tiny, as long as you keep it up to date. Because we pay compound interest, your money grows in value every month!

Consider DALEX SWIFT to be a phone-based susu box. You deposit cash whenever you can and earn significantly more interest than you might in a susu box or a savings account.

Who can sign up to use the product?

Anyone who desires to live a better life for themselves and their family.

A SWIFT account is available to everyone over the age of eighteen. Parents or guardians can sign up for minors (those under the age of eighteen) in their name.

How do I sign up to SWIFT?

If you would like to sign up, there’s no problem at all. You can simply sign up by downloading the DALEX SWIFT app from Google Play/App Store or visiting app.dalexswift.com. That’s all there is to it. Alternatively, dial *721# and follow the prompts to complete the registration procedure. You can also contact an agent by dialling 721 or sending a WhatsApp message to 0556489260.

The details you would need to provide during the signup?

There are some details you’ll need to provide during the signup.

The following information is essential to sign up:

1. Phone number
2. Name
3. National ID
4. Date of Birth
5. Residential Address
6. Occupation
7. Hometown
8. Next of Kin
9. Address of Next of Kin
10. Phone number of Next of Kin
11. Security Question

How do I deposit into my account?

You can use your mobile money wallet (MTN, Airtel, Tigo, and Vodafone) to make deposits whenever and wherever it is convenient for you. You can also make a payment using your Visa or Mastercard or through their website.

1. Website

1. Visit app.dalexswift.com
2. Click on the options button
3. Select ‘Deposit’
4. Follow prompts.

2. Mobile Money Wallet (AirtelTigo, Vodafone)

AirtelTigo Users:

1. Dial *721# on your mobile phone
2. Select option 1, ‘Make deposit’
3. Choose ‘Self’ OR ‘Third Party’ (if you want to contribute to another SWIFT account).
4. Enter the amount to deposit
5. Enter mobile money PIN
6. Select option 1, ‘Yes’, to approve the transaction.

Vodafone Users:

1. Dial *110#
2. Choose option 4 to make a payment
3. Select option 4 “Generate Voucher”, then select “Send”
4. You will receive a voucher code
5. Dial *721#
6. Select “Deposit”
7. Choose ‘Self’ OR ‘Third Party’ (if you want to contribute to another SWIFT account).
8. Input Voucher Code
9. Enter the Amount and approve the transaction.

Is there any minimum amount I need to deposit?

For the Dalex Swift, you can start with any amount, be it GH₵10 or GH₵10,000 cedis.

Is there any charge for my investment?

It’s totally free! Your SWIFT account has no service or operational costs. None.

Why you should invest your money in Dalex Swift

There are some reasons you should invest your money in Dalex Swift and they include:

1. Quick & Convenient

With your mobile money account, you may deposit or cash out anytime and anywhere you choose for free! There is no service charge, no traffic, and no lines; all it takes is a few taps on your phone. You can also pay with a Visa or MasterCard.

2. High Returns

On investments starting at GH₵100, you can earn up to 17% per year. That’s greater than the rate on T-Bills and considerably higher than the rate on your savings account!

3. You’re in Control

Your personal dashboard gives you a front-row seat to see your money increase month after month, and you can see it on your phone in real-time. You can pay out in 24 hours if you feel we aren’t achieving your expectations. There were no questions asked.

2. Dalex Turbo

This program gives you the courage to confront life’s unforeseen events by providing you with immediate credit when you need it.

Turbo ensures that credit is available right away:

1. They’d pre-approve your credit limit through your employer
2. At the moment of your emergency need, no processing is necessary.

Turbo makes credit available to you quickly and easily:

1. You can receive money through your mobile money wallet or
2. By a transfer to your bank account.

Turbo provides convenient and easy repayment:

You can pay the advance over a period of up to 3 months through your mobile money wallet. Or you can do that through a transfer from your bank account on their mobile app.

3. The Dalex Snap Loan

This is a salary loan program for government employees who the Controller and Accountant General’s Department (CAGD) pays. Because they originate and disburse Snap Loans using a mobile phone, they are extremely quick and easy. They can make payments with customers’ mobile money wallets or bank accounts. Also, they administer Dalex Snap Loans through a network of 3000 agents nationwide.

4. Investments

For consumers who want to grow their money with a safe financial institution, Dalex Finance provides Fixed Deposit Accounts. Dalex offers a good return on investment and is still one of the safest investments. Their customers should be confident that they will return their money to them within 24 hours after redemption.

For a fixed return, Dalex takes 91-day, 182-day, and 365-day investments (deposits).

What are Dalex finance Investment Rates?

As of the time of writing this article, the Dalex Finance Investment Rates are:

Interest Rates	91 Days	182 Days	365 Days
Above GH¢10,000	17.50% p.a.	18.00% p.a.	19.25% p.a.
Treasury Bill Rate for the Week	12.62% p.a.	13.38% p.a.	16.33% p.a.
Treasury Bill Rate for Last Week	12.64% p.a.	13.42% p.a.	16.34% p.a.

How can I apply for a loan at Dalex Finance?

You would need to invest to qualify for a loan at Dalex. You’d need to contribute for at least three months, ensuring that your loan request makes up 80% or less of the amount invested. Thereafter, you can now apply for a loan through:

1. Dialling *721#
2. Applying through the SWIFT mobile application- app.dalexswift.com
3. Calling 721
4. WhatsApp on 0556489260.

What is the interest rate for Dalex Finance loans?

It is important to know the interest rates of a loan before getting it. This will help you know whether you can meet up with the full repayment of the loan and its interest. For Dalex loans, you’ll pay a monthly interest of 2% on your loan.

How fast can I get the Dalex Finance loans?

One benefit of dealing with Dalex Finance is that they know the urgency of your application.

If you meet the requirements, they can process your loan application and can disburse it in as little as twenty-four (24) hours. 

What are the repayment terms for Dalex Finance loans?

It’s essential to know the full details of repayment terms of any loan. This is because it will help you know whether you can meet up with its repayment as you should. For Dalex loans, your investment serves as collateral for the loan. Because of this, it cannot exceed the period of your investment. However, you can repay the SWIFT loans on a daily, weekly, monthly, or ad hoc basis. However, this is contingent on the conditions of the contract.

What happens if my investment has a month left on it and I need a loan?

When you need a loan you still have a month remaining on your investment. You may need to prolong your investment period. Or they may require you to return the loan within the remaining time frame.

Who can sign up to use the product?

For Dalex Finance, anyone who desires to live a better life for themselves and their family can sign up. Their SWIFT account is available to everyone over the age of eighteen. Parents or guardians can sign up for minors (those under the age of eighteen) in their name.

What are Dalex finance contact details?

For more enquiries, you can contact Dalex Finance through their:

1. Office address: Hse No 114/3 Farrar Avenue, North Adabraka, P.O. Box CT 3581, Cantonments, Accra.
2. Email: info@dalexfinance.com
3. Telephone numbers: 0244 333 411, 024 243 9584, 024 243 5650
4. MTN Short Code: 1611

Conclusion

Always ensure you get a loan you can repay. This is to avoid making your financial situation worse. Aside from that, paying off your debts will allow you to save money that you might otherwise spend. Therefore, this allows you to save a respectable sum of money for future usage. Consequently, your credit score will improve and help you to access loans in the future.

Dalex Finance has various loan and investment offers for the people of Ghana. They also created these offerings to fulfil the wants of most individuals while considering their diverse financial capacities. However, it’s great to note that the DalexSwift Investment platform wouldn’t require customers to pay interest on loans they take.

Republic Bank Ghana loan is one of the easiest loans you can get in Ghana. Republic Bank Ghana, formerly known as HFC, is a commercial bank in Ghana. They specialize in originating and servicing loans. Also, it is a licensed bank that provides mortgage loans directly to Ghanaian consumers. The company also operated it. Meanwhile, they finance loans with their own capital. It is becoming increasingly important to get the right Republic Bank Ghana loan before buying a home in Ghana. You will discover the loan products, how to apply, and much more in this article.

About Republic Bank Ghana 

Republic Bank Ghana is a leading Universal Banking Institution in Ghana and one of the most diversified financial organizations. However, their services include corporate, investment, Commercial and Retail, Mortgage Banking, and microfinance. They are instrumental in the developing mortgage industry in Ghana. Also, they are the number one home loan provider in Ghana.

Republic Bank Ghana, which organizes a warehouse line of credit sources, a loan. They place it there until they sell the loan to investors who are typically large institutions. Usually, they offer a variety of real estate loans, which include home loans, plot loans, loans against property.

What are the loan products of Republic Bank Ghana?

Republic Bank Ghana offers various loans to customers. These loans help Ghanaians to sort out their financial obligations during challenging times. Some of these loans include:

1. Personal loan
2. Auto loan
3. Rent advance loan 
4. 3-in-1 master loan
5. Consumer loan
6. Public sector home loan
7. Easter loan sale 

What is the eligibility for a Republic Bank Ghana loan?

Eligibility status is a key factor that determines whether you can source for this loan and which particular loan you can go for. Basically, they carry this out online, using tools such as a loan eligibility calculator. Depending on the loan you need, they will require you to fill in the information about your profile and purpose for sourcing for a loan.

What is the interest rate for the Republic Bank Ghana loan?

Republic Bank Ghana has different loan structures made available to customers and consumers. However, the interest rate for each loan differs from the other. Therefore, the interest rate depends on the particular loan you are eligible for. Hence, after eligibility calculation, it brings out the interest rate for which loan you are eligible for.

What is the repayment for this loan?

The loan repayment period is another key factor that determines the loan to go for. However, the repayment duration varies for each loan based on the interest rate.

How to apply for a Republic Bank loan

When in need of a loan from Republic Bank Ghana. There are steps to follow. These steps are:

1.  Consider the Requirement

Write the reasons you need a loan and how much you need. For instance, you may need a loan to fund your business. Using their loan requirement calculator, find which loan suits your needs.

2.  Check loan eligibility

Once you identify how much you need, another thing worthy of note is to check whether you are eligible. You can visit their website to calculate your eligibility using their eligibility calculator. It also shows you how much you can borrow.  

3. Calculate monthly installments 

Use an online repayment tool calculator to calculate your approximate loan repayments every month. You can change the interest rate and tenure to match your monthly income. 

4. Submit documents

Finally, fill in the application form correctly and submit the documents they require. Wait for them to remit the funds into your account. 

Steps for applying online

Step1: visit their website at republighana.com

Step2: fill in the required field

Step3: upload the documents

Step4: submit your application

How to repay Republic Bank loan

Many times, the real deal is not getting loans, but loan repayment. Having known about Republic Bank loan requirements, and how to apply. However, it is also wise to know how the repayments work. Ways to repay a loan include:

1. Equated monthly installments.
2. Large capital outlay.
3. There is a need for an emergency fund so it does not affect your equated monthly installment payments. Read about an emergency loan.
4. It is important not to exceed 30% of your monthly income in loan payments.

Benefits of applying for a Republic Bank Ghana loan

You stand to gain the following when you apply for a loan.

1. Easy and convenient online loan application.
2. Affordability of loan with a low interest rate.
3. Variety of options for home buyers home segment.
4. Reduction of the goods and services tax rate.
5. They offer a higher loan quantum: this means that they can offer you as much money as you require.
6. They are more relaxed regarding credit scores.
7. Quick documentation process.

Conclusion

Republic Bank Ghana is a commercial bank in Ghana that specializes in originating and servicing loans. They usually overlook credit scores when you source for loans with them. Basically, they offer a competitive interest in all their loan products. This loan comes with a long-term repayment period, online application, and so on. You can consider getting a loan from them as their loan products and processing are easy to access.