SMF Personal Loan

This is a short term facility designed for salary workers working in private institutions and need funds to meet their personal financial needs. A personal guarantor is required.

Loan details

Maximum Loan Amount
₵500-₵2500
Term
6-8 months
Interest Rates
Srarting at 15%
Application Process
10-minute online or by phone
Funds paid into your account
Next business day following approval
Repayment Frequency
Weekly or Fortnightly
Fees and Charges
No Fee Loan Option

Loan Calculator

Loan details

Maximum Loan Amount
₵500-₵2500
Term
6-8 months
Interest Rates
Srarting at 15%
Application Process
10-minute online or by phone
Funds paid into your account
Next business day following approval
Repayment Frequency
Weekly or Fortnightly
Fees and Charges
No Fee Loan Option

This is a short term facility designed for salary workers working in private institutions and need funds to meet their personal financial needs. A personal guarantor is required. Repayment of loan is made easy and flexible through the direct deposit into our account, mobile money transfers to the Shield Microfinance merchant line, payment through our USSD code, bank transfers; a standing order or postdated cheques.

Representative example:

Representative 8.3% APR. Based on a loan amount of 4,000 over 36 months at an interest rate of 8.3% p.a. (fixed). Monthly repayment 125.35. Total amount repayable 4,512.44.

Who can get a loan?

To get a loan you must:

  • Be at least 18 years old
  • Be a Ghanaian resident, with proof of address
  • Provide proof of your income
  • Pass a lender’s credit check

Most providers have their own assessment criteria so a particular provider may give more weightage to certain criteria than another.

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