How to get a loan from FBN Bank Ghana Limited should not bother you at all. This article will put you through what you should know about how to get the loan you need. FBN Ghana Limited offers some loan products to its customers. This is because people usually have financial obligations they would need to solve. Therefore, these loan products offer a way of serving the best interest of its customers.
As you read along, you’ll learn more about the loan products they offer, features and requirements.
About FBN Ghana
FBN Bank Ghana Limited is a subsidiary of First Bank of Nigeria Limited, the largest bank in West Africa and Nigeria. International Commercial Bank (ICB), which began operations in Ghana in November 1996, was the predecessor of FBN Bank Ghana Limited. Following First Bank of Nigeria Limited’s acquisition of a 100 percent equity position in ICB’s West Africa operations in 2013, and with the consent of the Bank of Ghana, the bank’s name was changed to FBN Bank Ghana Limited.
What are the loan products FBN Ghana offers her customers?
FBN Ghana offers a variety of products to its consumers, including loan options that are interesting to try out. Naturally, the first thing you must note on how to get a loan from FBN Bank Ghana Limited is the loan products they offer. Whether you want to buy or build a house, get a new automobile, or realize any of your other aspirations, their diverse lending options will help you achieve your goals.
They include:
1. Personal Loan Against Salary (PLAS)
This product should help salaried employees achieve their own financial obligations. Only confirmed salaried workers who must meet their financial commitments are eligible to apply.
Features of this loan
- Applicants must have full-time employment not below 6 months.
- Applicants shouldn’t be over 55 years.
The benefits
- Competitive rates
- Flexible repayment structure
The documentation they require
- 2 Passport size photographs
- Valid photo ID such as; Voter’s ID, Driver’s License, Passport, National Identification card
- Proof of your address (utility bill)
- Your complete FBN Bank Account opening form
2. Salary Overdraft (SODA)
The FBN Bank Salary Overdraft (SODA) product is a cash-based credit facility designed to help employees of stable and respected firms access a portion of their monthly salary to meet personal obligations without having to wait for payday. It’s straightforward, and straightforward. Only confirmed salaried employees with immediate financial requirements are eligible to apply.
Features of the loan
The features of this loan are:
- It has a maximum amount of GH₵15,000.00 which is subject to 40% of applicant’s Net Salary.
- A maximum facility tenor of 90 days.
- The employer must confirm that the bank will receive the applicant’s salary in that month.
Benefits of the loan
- With it, the employees can access some part of their monthly salary to cater to their personal commitments in the shortest time.
- It has a competitive interest rate.
What are the documents they require for FBN Ghana Salary Overdraft?
The following are the documents they require for the salary overdraft:
- Application letter
- Payslip; the applicant’s net monthly income should be a minimum of GH₵800.
- When applying, you must have full-time employment not below 6 months.
- You should not be over 55 years.
- You must have an FBN Bank salary account with at least 6 months of salary domiciliation.
- As a new applicant, you must shift your salary account to FBN Bank. And it has to be at least 2 months’ salary domiciliation. This is besides 6 months’ current bank account statement from your previous bankers.
- You should submit a copy of your Social Security National Insurance Trust fund (SSNIT) card.
3. Auto Loan
The FBN Bank Auto Loan is a product that allows the bank to partially fund the purchase of a vehicle for qualifying candidates who are employed. Only confirmed salaried employees are eligible to apply.
Features of FBN Ghana Auto loan
The following are the features of FBN Ghana Auto loan:
- It has a maximum amount of GH₵150,000.00.
- Also, a maximum facility tenor of 48 months.
- They must confirm that you’re a salaried worker.
- The vehicle they will finance must be brand new.
The Benefit of the loan
- Competitive interest rate
What are the documents they require for FBN Ghana Auto loan?
The following are the documents they require for FBN Ghana Auto loan:
- Provide a completed loan application form.
- Get a customer letter of request duly that is signed and dated.
- Provide copies of your most recent 6 months’ pay slips.
- Get one passport picture and copy of a national identification.
Note: These loan products above are some products they have within the personal banking niche. However, they offer other loan products in other niches just like their business banking.
Therefore, they designed these loan products to help customers to meet their financial obligations. But if you would like to know more about all other loan products and other enquiries. You can visit their website below this article to learn more about their services.
Related: Car Loan in Ghana Explained
What are FBN Bank Ghana online banking services?
FBN Bank Ghana’s online banking solution ensures that you are never far from your money, regardless of the time or location. Manage your account, make onetime or bulk transactions, request services, and even get a new ATM card. Because we understand that internet security is a concern, we’ve included security and anti-fraud tools, so you don’t have to. When you bank online with them, your funds are secure. With FBN Bank’s online banking service, you may additionally take use of the following services.
Individuals and corporations can both use online banking services. Individual and corporate customers of FBN Bank are eligible to apply. They can sign up for FBN Ghana Limited’s Online Banking services.
What are the features of FBN Ghana online banking?
FBN Ghana Limited online banking services have the following features:
For individual:
- Individual
- View account balances
- View and print statement of account
- You can transfer funds between your accounts
- Offers the platform to transfer funds to 3rd party accounts within FBN Bank.
- Multiple Transfers
- Standing Order set-up
For Corporate:
- View account balances
- View and print statement of account
- You can transfer funds between your accounts.
- Offers the platform to transfer funds to 3rd party accounts within FBN Bank.
- You can carry out bulk payment upload
- Workflow for approval management
The Benefits
The following are the benefits of FBN Ghana Limited online banking services:
- Convenient
- Fast
- Safe
- Accessible
What are the contact details of FBN Ghana?
For more information on their loan products or banking issues, you can reach out to them with:
- Address: Meridian House, Ring Road Central (Head office)
- Postal Address: PMB No. 16, Accra-North
- Tel: +233 302 235819/236136
- Fax: +233 302 238228
- Website: https://www.fbnbankghana.com/
Read also: How to get a loan from CalBank
Conclusion
Having seen the loan products that FBN Ghana Limited offers its clients. Besides that, you have seen their loan features and requirements. Therefore, how to get a loan from FBN Bank Ghana Limited should not be what to worry about. This is because you can now choose the loan product that will best suit your financial needs. However, after getting the loans, ensure you repay them promptly. This is because 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. Besides that, prompt repayment of loans normally improves your credit score and makes credit bureaus in Ghana not to blacklist you.