Personal loans are widely available in Ghana, with both local and international banks, savings & loans companies, and fintech firms offering diverse options for salaried workers, private sector employees, and entrepreneurs. Hereโ€™s an expert overview of how to get a personal loan in Ghana, eligibility, typical terms, top providers, and direct links for more details.

Top Personal Loan Providers in Ghana

๐Ÿ. ๐€๐›๐ฌ๐š ๐๐š๐ง๐ค ๐†๐ก๐š๐ง๐š

Amount: Up to GHS 500,000 (unsecured, no collateral)

Tenure: 6โ€“84 months flexible repayment

Eligibility: Salaried workers (at least 6 months with employer, Absa account holder or via employer partnership)

Extra: Overdraft & scheme loans, affordable insurance, application entirely through your salary account

More info: https://www.absa.com.gh/personal/get-a-personal-loan/

๐Ÿ. ๐’๐ญ๐š๐ง๐›๐ข๐œ ๐๐š๐ง๐ค ๐†๐ก๐š๐ง๐š

Amount: Fixed/revolving loans from GHS 2,000 up to GHS 500,000 (depending on income)

Tenure: 12โ€“72 months; repay via salary account or payroll deduction

Eligibility: Confirmed salaried employment (at least 6 months), Ghanaian citizen or legal resident, account or payroll deduction

Perks: Competitive rates, top-up options, life insurance

More info: https://www.stanbicbank.com.gh/gh/personal/products-and-services/borrow-for-your-needs/personal-loan

๐Ÿ‘. ๐๐š๐ง๐ค ๐จ๐Ÿ ๐€๐Ÿ๐ซ๐ข๐œ๐š ๐†๐ก๐š๐ง๐š

Interest from: 10% p.a.

Features: Free ATM withdrawals, no charges for using bankโ€™s digital products

Eligibility: Public and private sector employees; minimum GHS 500 net salary; 21โ€“58 years

More info: https://boaghana.com/services/personal-loans/

๐Ÿ’. ๐†๐‚๐ ๐๐š๐ง๐ค

Amount: Fast approval loans up to GHS 35,000 (branch approval) or higher (head office approval)

Repayment: 6โ€“36 months; up to 33% of monthly income used in loan calculation

Use: Education, marriage, home improvements, bills, etc.

More info: https://www.gcbbank.com.gh/personal/eproducts-cards/189-personal-loans

๐Ÿ“. ๐’๐ญ๐š๐ง๐๐š๐ซ๐ ๐‚๐ก๐š๐ซ๐ญ๐ž๐ซ๐ž๐ ๐†๐ก๐š๐ง๐š

Type: Unsecured personal loans, up to GHS 350,000, 3โ€“6 years repayment

Eligibility: Minimum GHS 1,000 net salary, salary account with SCB, approved employer list

More info: https://www.sc.com/gh/borrow/personal-loan/

๐Ÿ”. ๐‘๐ž๐ฉ๐ฎ๐›๐ฅ๐ข๐œ ๐๐š๐ง๐ค ๐†๐ก๐š๐ง๐š

Amount: GHS 500 โ€“ 300,000 (unsecured), up to 72 months

Eligibility: Targeted at bank customers and net salary above GHS 100

๐Ÿ•. ๐ˆ๐ณ๐ฐ๐ž ๐’๐š๐ฏ๐ข๐ง๐ ๐ฌ & ๐‹๐จ๐š๐ง๐ฌ

Specialty: Payroll and personal loans for government/municipal/civil servants; fast online application, up to GHS 400,000

Tenure: Up to 48 months, paid in 24 hours if approved

Key Tips

Compare annual interest rates (typically 10โ€“25% p.a.)

Review any extra fees (processing, insurance)

Ask about top-up loans if you need future flexibility

Confirm if early repayment or refinancing is allowed without penalty

Ensure your employer is listed/approved if required by the bank

With a good employment record and all documents, most banks in Ghana can approve and disburse a personal loan in as soon as 24 hours. Always read the terms carefully before you sign.

๐”๐ฌ๐ž๐Ÿ๐ฎ๐ฅ ๐‘๐ž๐Ÿ๐ž๐ซ๐ž๐ง๐œ๐ž ๐‹๐ข๐ง๐ค๐ฌ:

Absa: https://www.absa.com.gh/personal/get-a-personal-loan/

Stanbic: https://www.stanbicbank.com.gh/gh/personal/products-and-services/borrow-for-your-needs/personal-loan

Bank of Africa: https://boaghana.com/services/personal-loans/

GCB: https://www.gcbbank.com.gh/personal/eproducts-cards/189-personal-loans

Standard Chartered: https://www.sc.com/gh/borrow/personal-loan/

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