Loans
Atlantic Salary Advance
This product is intended to offer credit facilities to employees of blue chip companies approved by the Bank; with regular salaries who require financial assistance to meet urgent obligations before salary due dates.Features
Obligor limit: Up to 70% of employee's one month's salary net of taxes and all deductions
Global limit: GHS5,000,000. (Five million Ghana Cedis)
Tenor up to Ninety (90) days
Benefits
To support our customers who need support for short-term needs
To grow Retail Assets on the Consumer Lending space
Atlantic Personal Loan
The product is designed to offer credit facilities to permanent salaried workers to finance personal needs. This product program is targeted at all permanent salaried workers who work for the government such as doctors, judges, lecturers, teachers, nurses, etc. and Tier 1 customers in line with the Bank's enlistment criteria.Features
Obligor limit: GHS300,000 subject to DSR
Tenor: Maximum 48 months
Facility Fee: 4% flat on facility amount payable upfront
Interest Rate: Base + Minimum of 5%.pa
Benefits
To support our customers who need support for short-term needs
To grow Retail Assets on the Consumer Lending space
Atlantic Hi-Life
This product is an asset finance loan which offers credit facilities to employees of companies approved by the Bank to part-finance the acquisition of personal assets.Features
Maximum of 12 months as tenor
Obligor limit: GHS 100,000 for household items and GHS 100,000 for vehicles
Interest Rate: In the event the Customer opts for a one(1) year tenor, the 1st 6 months would be interest free. However, the remaining 6 months shall attract interest at the prevailing Market rate
Benefits
Acquire assets on hire purchase
Eliminating the need for large capital outlays
Payroll Loan
This product is a loan that offers credit facilities to government workers who are on the payroll of the controller and accountant general.Features
Maximum of 48 months
Repayment: From obligor's monthly remuneration
Pricing: Interest Rate: Base rate plus maximum of 8.5% p.a.
Benefits
Customer would be able to acquire assets without pre-financing the purchase of these assets
The Bank's pre-financing of the bulk of the asset cost will reduce the pressure on the customer's salary/income
Purple Auto Loan
It serves as a tool to deepen the Bank’s play in this niche market. It is an engine to grow the Bank’s Prestige Banking Business Group’s Risk Assets portfolio as well as the related value chain and income streams.Features
At least 20% Equity contribution for new vehicles
At least 30% Equity contribution for used vehicles
Interest rate GRR + 5 %
Benefits
Acquire a vehicle of your choice
GreenDrive Auto Loan
It is targeted at positioning the Bank as a leader in this fast emerging market.Features
At least 20% Equity contribution for local and imported vehicles.
Interest rate 18%
Benefits
Acquire an electric vehicle of your choice at a substantially lower price
Reduce carbon emissions
Requirements
Required Documents
- 1 recent Passport Photo
- National Identification (Ghana Card)
- Utility Bill
- 1 recent Passport Photo
- National Identification (Ghana Card)
- Utility Bill
- Residence Permit
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