You don’t have to worry about how to get a loan from First National Bank Ghana. It isn’t as difficult as you think. Customers can choose from a variety of options at First National Bank to help them realize their dreams and goals. There’s something for both entrepreneurs and salaried workers, even the retirees too. In recent years, loans have been a popular option, especially when you want to invest or simply meet obligations. Therefore, for whatever reason it is, First National Bank loans surely have you covered.
As you read along, you’ll learn more about how to get a loan from First National Bank, their mobile banking services, etc.
About First National Bank Ghana
First National Bank became a wholly owned subsidiary of FirstRand Limited and is now a division of the company. South Africa, Namibia, Botswana, Swaziland, Lesotho, Mozambique, Zambia, Tanzania, and Ghana are among the countries where First National Bank has registered commercial banks. They listed their firms in Namibia and Botswana on their respective stock exchanges.
How can I get a loan from First National Bank Ghana?
Getting a loan from First National Bank is simple. To get a loan from First National Bank just follow these instructions:
- Using your username and password, login to their online banking.
- Choose ‘My Bank Accounts’ tab.
- Select the relevant Cheque or Smart account you wish.
- Choose the ‘Take Up A Temporary Loan’ button.
- To continue, choose the ‘Yes’ button.
- Check the box to show that you have read and accepted the product terms and conditions, then select Start Application.
- From the drop-down menu, choose the account to which you want your Temporary Loan funds transferred, then click Submit..
- Click ‘Submit’ to continue when you have selected the option to accept the offer.
- Make sure your information is correct before clicking the ‘Confirm’ button.
- To confirm that you have downloaded or printed the ‘Contract’ check the box then select ‘Continue.’
- They will display the outcome of your application on a results screen. To finish your application, click the Finish button.
What are the loan products of First National Bank?
First National Bank offers several loan products to its customers. The following are the loan products they offer:
1. Personal loans
Customers can use these loans to solve their personal needs.
The requirements for the personal loans:
- You must be 18 years or older
- Complete the loan application form
- Present your proof of income; last 3 months’ payslip (6 months if salary is varied)
- 6 months’ bank statements for customers who do not have a primary account with First National Bank Ghana.
- Current employment contract
First national banks have enhanced their home loan offerings, allowing them to offer their clients more. These additions to their borrowing products seek to provide financial help to anyone looking to purchase, improve, or capitalize on their property. Whether they are here on Ghana soil or abroad.
There are forms of these loans under Ghana Home Loans. They include:
1. First-Time Buyer Home Loan
They designed their First-Time Buyer Home Loan for those looking to purchase their first home and require the much needed property acquisition due-diligence to ensure the journey to home ownership is easy and hassle-free. They made this offer available to resident and non-resident Ghanaians. This will help them access funds in GHS, USD or GBP and which could be up to 20 years to service this home loan.
To get started, identify a house you wish to gain, negotiate the terms of purchase with the vendor and get an offer letter for the property to qualify for our First-Time Buyer Loan.
2. Home Construction Mortgage
With their Home Construction Home Loan, you may build the home of your dreams on a parcel of land you already own. This two-part loan includes a one-year construction loan that is rolled into a long-term facility loan with a repayment period of up to 20 years.
They made this Home Construction Home Loan offer available to resident and non-resident Ghanaians. This will help them access funds in GHS, USD or GBP
This loan program aids in the building of a home by providing funding for the purchase of roofing materials, windows, doors, tiles, and other finishing items. This is a two-part loan that starts with a one-year home completion loan and then transitions to a long-term facility loan.
They made this Home Completion Home Loan offer available to resident and non-resident Ghanaians. This will help them access funds in GHS, USD or GBP and which could be up to 20 years to service this home loan.
Your property must be for residential use and you show evidence of ownership of the land. And this includes the; Land Title Certificate, Fully Registered Indenture, or any other document the First National Bank accepts.
3. Land Purchase Mortgage
This offer helps customers own already serviced parcels of land. You can get this when you Sign up for their Land Purchase Home Loan to buy a serviced plot of land, payable in 3 to 5 years.
If you are seeking to buy land that is pre-designated for residential use, they perfectly designed their Land Purchase Home Loan for you. Choose the land you wish to purchase, then get an offer letter from the vendor. This must be after agreeing on the terms of sale in order to qualify for this loan.
4. Home Owners Mortgage
This offer is for homeowners who want to borrow on a long-term basis, using their homes as collateral.
There are two forms of this loan type in:
- Equity release
With their equity release mortgage, you can enjoy the best of both worlds by getting the phones you need and repair over the long term. While still maintaining ownership of your house, paying for your college tuition investing in.
- Home Improvement
If you have plans to extend or renovate your home, this Mortgage loan is for you. It comes with a lengthy period to use your home as collateral to get funds to revamp your property.
5. Save to own
Owning a home is a desire that may seem a little intimidating to fulfill because it’s often a huge lifetime investment.
They make it easy for you to take the first step toward house ownership with their Save-To-Own account by breaking it down into tiny, manageable steps.
This account is for you if you are self-employed and don’t have a continuous stream of income, or if you just don’t have enough money to make the needed down-payment on a house.
What are the requirements for First National Bank Ghana Home Loans?
The following are the requirements for First National Bank Ghana Home Loans:
- Get a copy of your valid identity document (ID).
- Your recent 3 months bank statement.
- Your recent 6 months bank statement if you’re not banking with First National Bank Ghana.
- An introduction letter from your employer if you are employed.
- Get your marriage certificate (if applicable)
- Details about the property you’re buying, as well as a properly signed offer to purchase.
- If applicable, for you and your co-applicant.
How much interest does FNB charge on loans?
Almost every loan comes with interest rates. These interest rates are what the lenders stand to gain as a compensation for lending their money to the borrower. The case is the same with First National Bank, their personal loan interest rate varies from 12.75% to a maximum of 27.75% per annum.
What are the contact details of First National Bank Ghana?
For more enquiries about any of their products and services, you can reach them through:
- Telephone: +23 324 243 5050, 0800 770 522
- Fax Number: +23 324 243 5202
- Email: email@example.com
- Head Office Postal Address: First National Bank Ghana Limited PO Box TU23, Accra, Ghana.
- Physical address: 6th Floor Accra Financial Centre Cnr of Independence and Liberia Ave Ridge Ghana.
- Digital Address: GA-107-2442.
Having seen the loan products that First National 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.