Know more about Multicredit Savings and Loans Products & Services

Savings Account

Features

  • Less cumbersome account opening procedure
  • Minimum opening balance is GHS5
  • Minimum operating balance is GHS10
  • Minimum balance to qualify for interest is GHS20
  • Attractive Interest Rates
  • Interest is calculated daily and applied monthly
  • Up to four withdrawals per month

Requirements

  • Valid ID Card
  • 1 passport picture
  • Utility bill (should not be more than 3 months)
  • 1 reference from a current account holder with a recognized Bank or Savings and Loans Company or Letter from employer
  • Resident permit (for foreign nationals)

SME Loans

Features

  • Less cumbersome procedure
  • Flexible amounts to meet the needs of all levels of businesses
  • Quick Turnaround time
  • Term: Up to 60 months
  • Competitive interest rates
  • Flexible repayment terms

Requirements

  • Identity and proof of address of directors or promoters
  • Identity and proof of address of entity
  • Board Resolution
  • Company Registration documents
  • Audited Financial statements for the last 3 years
  • For non-customers, six (6) months bank statement would be required
  • Security may be required

Fixed Deposit

Features

  • Less Cumbersome procedure
  • Minimum investment of GHS1,000
  • Terms available: 30 days, 91 days, 182 days and 1 year
  • Certificate of investment is issued
  • Attractive interest rate
  • Interest is calculated daily

Requirements

  • Valid ID Card
  • 1 passport picture
  • Utility bill (should not be more than 3 months)
  • Resident permit (for foreign nationals)

Fixed Deposit

Features

  • Less Cumbersome procedure
  • Minimum investment of GHS1,000
  • Terms available: 30 days, 91 days, 182 days and 1 year
  • Certificate of investment is issued
  • Attractive interest rate
  • Interest is calculated daily

Requirements

  • Valid ID Card
  • 1 passport picture
  • Utility bill (should not be more than 3 months)
  • Resident permit (for foreign nationals)

Susu Account

Features

  • Less cumbersome account opening procedure
  • Minimum opening balance is GHS1
  • Access to a free Pass Book
  • Personal Field Banker
  • Unlimited withdrawals
  • Lower interest on susu loans
  • Instant Confirmation of daily deposit
  • Minimum daily contribution is GHS1
  • Minimum contribution to qualify for a loan is 2months
  • Minimum loan amount is GHS200
  • Loan maturity profile:

Requirements

  • Valid ID Card
  • 1 passport picture
  • Utility bill (should not be more than 3 months)

Current Account

Features

  • Less cumbersome account opening procedure
  • Minimum opening balance is GHS10
  • No minimum operating balance
  • Access to a cheque book
  • No Commission on Turnover (COT)

Requirements

  • Valid ID Card
  • 1 passport picture
  • Utility bill (should not be more than 3 months)
  • 1 reference from a current account holder with a recognized Bank or Savings and Loans Company or Letter from employer
  • Resident permit (for foreign nationals)
  • Resolution from the Board
  • Business registration documents (Businesses only)

Other electronic services

Prestige Susu | Yenmma Daakye Account | Multi Child Account | Employee Loans | Funeral Loans | Auto Loans