GHC Current Account
A non-interest bearing chequing account in Ghanaian cedis (interest however earned on balances above GHC20m).
Minimum Deposit
| Individuals |
GHC 250,000 |
| Company |
GHC 250,000 |
Other Features
Moneylink ATM Card
|
Savings Plus Account
A statement Savings Account with Free Medical Insurance
cover (to be replaced by Medical Relief Fund upon hospitalization).
- Tiered interest rates calculated daily and credited half yearly
- Minimum initial deposit GHC500,000
Other Features
Free Moneylink Card
Free Medical Insurance |
Cedi Fixed Deposits
A Ghanaian cedi term deposit account .
Features
Fixed Investment period
Fixed Interest rate for investment term
Pre-approved credit line of 95% of deposit
Partial uplift possible after 1 month notice
|
Premium Fixed Cedi Deposits
A Ghanaian cedi term deposit account fixed for 2 years.
Features
Fixed investment period for 2 years
Fixed interest rate for term
Approved credit line of 95%
Gift items on anniversary of investment
|
Foreign Currency Account
A non-interest bearing chequing statement account in foreign currency
(USD, GBP and DM) funded through offshore funds.
Features
No Bank of Ghana Exchange Control restrictions
Repatriation of funds allowed.
|
Foreign Exchange Account
A non-interest bearing chequing statement account in foreign currency
USD, GBP and DM funded principally from sources within the country
(i.e. cash and locally drawn cheques).
Features
Repatriation of funds subject to Bank of Ghana Exchange control
restrictions.
|
Foreign Currency Savings
A multi-tiered interest bearing/statement Savings account in foreign
Currency.
| Currencies available |
- USD, |
GBP |
| Mini deposits |
- USD |
5,000 |
| |
- GBP |
3,000 |
Interest is calculated monthly and credited half yearly.
|
Foreign Currency Deposits
A foreign currency term deposit account available in USD,GBP and DM
| Mini deposits |
- USD |
25,000 |
| |
- GBP |
15,000 |
| |
- DEM |
30,000 |
Fixed interest for investment term
Simple interest payable on maturity
Partial or full upliftment before maturity allowed.
|
Employee Installment Loan
An unsecured facility in Ghanaian cedis to finance the acquisition of
consumer durables. Offered to employees of governmental organisations,
Multi-Nationals and reputable private companies who maintain
corporate accounts with SCB.
| Interest |
- |
Prime rate plus margin |
| Repayment |
- |
Customers account debited with fixed,
equated monthly instalments. |
| Term |
- |
Maximum 36 months |
| Quantum of financing |
- |
Full |
| Charge |
- |
Credit Life Insurance |
| |
- |
Arrangement Fee is 1 % or GHC 100,000 whichever is higher |
|
Personal Installment Loan
An unsecured facility in Ghanaian cedis for salaried customers
(and self employed HNWI's) who have successfully maintained an
account with SCB for a minimum of 12 months.
| Loan Amount |
- |
1,000,000 - GHC6,000,000 |
| Term |
- |
Not exceeding 36 months |
| Interest |
- |
Prime plus margin |
| Charge |
- |
Arrangement Fee is 1 % or GHC 100,000 whichever is higher |
|
Auto Loans
An unsecured facility in Ghanaian cedis to finance purchase of private
vehicles. Facility offered selectively to upscale customers, credit worthy
middle and senior management employees of Government organisations
and reputable corporates.
| Interest |
- |
Prime rate plus
margin |
| Repayment |
- |
Customers account
debited with monthly Instalments |
| Term |
- |
Max 48 months |
| Quantum of financing |
- |
80% purchase
price of new cars |
| |
- |
75% purchase
price of used cars |
| Charge |
- |
Arrangement Fee is 1 % or GHC 100,000 whichever is higher |
|
Executive Loans
An unsecured facility for salaried HWNI's
| Term |
- |
Maximum 3 years |
| Interest |
- |
Prime rate plus margin |
| Quantum of Financing |
- |
GHC 5m - 20m |
| Repayment |
- |
Monthly instalment payment debited to customer's account |
| Charges |
- |
Arrangement Fee is 1 % or GHC 100,000 whichever is higher |
|
Personal Overdraft
An unsecured line of personal credit in Ghanaian cedis.
For salaried workers with 1 year satisfactory account relationship.
Self employee HNWI's - with 3 years satisfactory account relationship
| Maximum amount |
- |
GHC8,000,000 or 3 times monthly salary |
| Term |
- |
Maximum 12 months |
| Interest |
- |
Prime plus 7.5% |
| Charge |
- |
Arrangement Fee is 1 % or GHC 100,000 whichever is higher |
|
Ghanaian Cedi Mortgages
A secured facility in Ghanaian cedis to finance the purchase of
residential properties for owner occupation in Regional Capitals.
| Term |
- |
Maximum 15 years |
| Interest |
- |
Prime rate plus margin |
| Quantum of Financing |
- |
70% of CMV |
| Repayment |
- |
Fixed monthly instalment |
| Charges |
- |
1% of loan amount or GHC50,000 whichever is higher |
| Security |
- |
Ghana mortgage over property |
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