Pan African savings and loans is one of famous bank in Ghana. it is best known for it’s good services. Pan-African Savings and Loans Company Limited is a Tier 2 financial institution, regulated under the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930) with commitment to providing convenient and sustainable banking services to the economically active poor in Ghana. Pan-African Savings and Loans Company Ltd is a member of the Ecobank group.
In this post, we will be having a brief discussion about Pan African savings and loans. In 2015 EB-Accion Savings and Loans was changed to now Pan African saving and loans and commenced operation on March 8, 2008.
Pan African savings and loans offer savings and investment opportunities and serve as an outlet for remittance products such as Rapid Transfer, Western Union, MoneyGram, MTN mobile money, Airtel, Tigo Cash and Vodafone cash and are presently located in the Greater Accra Region, Central Region, Eastern Region, Brong Ahafo Region and the Central Region. Customers are able to use their ATM cards on all Ecobank ATMs.
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SOME PAN AFRICAN SAVINGS AND LOANS PRODUCTS
CURRENT ACCOUNT
General Eligibility
• Ghanaian citizens 18 and above
• Foreigners require residents/work permit
Documentation requirement
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents (for company accounts)
CORPORATE CURRENT ACCOUNT
General Eligibility
• Ghanaian citizens 18 and above
• Foreigners require residents/work permit
Documentation requirement:
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents (for company accounts)
CORPORATE SAVING ACCOUNT
General Eligibility
• Ghanaian citizens 18 and above
• Foreigners require residents/work permit
Documentation requirement:
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents (for company accounts)
HYBRID SAVING ACCOUNT
General Eligibility
• Ghanaian citizens 18 and above
• Foreigners require residents/work permit
Documentation requirement:
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents (for company accounts)
Fixed Deposit Account
General Eligibility
• Ghanaian citizens 18 and above
• Foreigners require residents/work permit
Documentation requirement:
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents (for company accounts)
Safari Junior Account
General Eligibility
This product is for children under the age of 18 years. The account is opened by an adult and held in trust for the child until they attain the required age.
• Ghanaian citizens 18 and above
• Foreigners require residents/work permit
Documentation requirement:
A. For Child
- Birth certificate
- 2 Passport pictures
B. For Adult opening the account
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 Passport size pictures
• Copy of utility bills, tenancy agreements
Corporate Investment Account
General Eligibility
• Ghanaian citizens between 18 -65 years old
• Foreigners require residents/work permit
Documentation requirement:
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents (for company accounts)
Okyena Nti Investment Account
General Eligibility for
• Flexibility of making savings to meet pressing needs in a convenient way.
• Earn relatively higher interest on deposits.
• One can continue to deposit any amount into the account after initial deposit.
• Ease of access to one’s investment at maturity.
• Free passbook.
• Free SMS alert.
• Access to soft loan secured by account balance.
Micro Plus Loan
General Eligibility for Loan Products
• Ghanaian citizens between 18 -65 years old
• Loan term of 3 to 24 months depending on the loan product.
• Minimum 6 to 12 months experience in the business.
• Guarantor requirement.
• Collateral requirement.
• Credit life Insurance (Hospitalization, life, fire and flood)
• Business owner with a registered Business & Location
• Interest rebate of 5% when all payments are deposited on time.
Documentation requirement:
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents
• Receipt of business related payments (e.g. Tax returns)
• Books of accounts for a period of 6 months and above.
SME Plus Loan
General Eligibility for Loan Products
• Ghanaian citizens between 18 -65 years old
• Loan term of 3 to 24 months depending on the loan product.
• Minimum 6 to 12 months experience in the business.
• Guarantor requirement.
• Collateral requirement.
• Credit life Insurance (Hospitalization, life, fire and flood)
• Business owner with a registered Business & Location
• Interest rebate of 5% when all payments are deposited on time.
Documentation requirement:
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents
• Receipt of business related payments (e.g. Tax returns)
• Books of accounts for a period of 6 months and above.
SME Fixed Asset Loan
General Eligibility for Loan Products
• Ghanaian citizens between 18 -65 years old
• Loan term of 3 to 24 months depending on the loan product.
• Minimum 6 to 12 months experience in the business.
• Guarantor requirement.
• Collateral requirement.
• Credit life Insurance (Hospitalization, life, fire and flood)
• Business owner with a registered Business & Location
• Interest rebate of 5% when all payments are deposited on time.
Documentation requirement:
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents
• Receipt of business related payments (e.g. Tax returns)
• Books of accounts for a period of 6 months and above.
Nkosuo Loan
General Eligibility for Loan Products
• Ghanaian citizens between 18 -65 years old
• Loan term of 3 to 24 months depending on the loan product.
• Minimum 6 to 12 months experience in the business.
• Guarantor requirement.
• Collateral requirement.
• Credit life Insurance (Hospitalization, life, fire and flood)
• Business owner with a registered Business & Location
• Interest rebate of 5% when all payments are deposited on time.
Documentation requirement:
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents
• Receipt of business related payments (e.g. Tax returns)
• Books of accounts for a period of 6 months and above.
Solidarity Group Loan
General Eligibility for Loan Products
• Ghanaian citizens between 18 -65 years old
• Loan term of 3 to 24 months depending on the loan product.
• Minimum 6 to 12 months experience in the business.
• Guarantor requirement.
• Collateral requirement.
• Credit life Insurance (Hospitalization, life, fire and flood)
• Business owner with a registered Business & Location
• Interest rebate of 5% when all payments are deposited on time.
Documentation requirement:
• Any of the following: Voter’s ID, National ID, Driver’s license, Passport
• 2 passport size pictures
• Copy of utility bills, tenancy agreements
• Business Registration documents
• Receipt of business related payments (e.g. Tax returns)
• Books of accounts for a period of 6 months and above.
Church Loan
This loan is designed to support churches financially for the purposes of church developmental projects and assets acquisition.
Product Benefits
• Quick and Reliable Service
• Loan repayment Flexibility
• Interest Rebate
• Opportunity for expansion
• Provision of advisory service
ELIGIBILITY
The principal borrower(s) should;
• Be a Ghanaian citizen
• Between 18-60 years old
• An account holder with Pan-African Savings and Loans
• Be in operation for more than one year
• Be a member of a recognized body (Eg Ghana Pentecostal and Charismatic Council, Christian Council of Ghana)
• Collateral requirement
• Guarantor requirement
DOCUMENTATION
• Two Passport Photos of the principal borrower(s)
• ID card (Driver’s License, Passport, Voters, NHIS, NIA)
• Applicant’s bank statement for the last 6 months
• Registration certificate from a regulatory body
• Evidence of membership from a regulatory body
• A resolution from the Board of the church where applicable
• Pro-forma invoices on items to be purchased
• Detailed estimate of project to be financed
School Loan
This loan is for private educational institutions towards development of their schools. The product is designed to offer solutions to the problems of the private educational institutions in our area of operations or beyond.
Product Benefits
• Quick and Reliable Service
• Loan repayment Flexibility
• Interest Rebate
• Opportunity for expansion
• Provision of advisory service
ELIGIBILITY
The principal borrower(s) should;
• Be a Ghanaian citizen
• Between 18-60 years old
• An account holder with Pan-African Savings and Loans
• Be in operation for more than one year
• Have Ghana Education Service certificate
• Collateral requirement
• Guarantor requirement
DOCUMENTATION
• Two Passport Photos of the principal borrower(s)
• ID card (Driver’s License, Passport, Voters, NHIS, NIA)
• Applicant’s bank statement for the last 6 months
• Registration certificate from a regulatory body
• Pro-forma invoices on items to be purchased
• Detailed estimate of project to be financed
School Fees Loan
This loan is designed to support ?
Product Benefits
• Quick and Reliable Service
• Loan repayment Flexibility
• Interest Rebate
• Opportunity for expansion
• Provision of advisory service
ELIGIBILITY
The principal borrower(s) should;
• Be a Ghanaian citizen
• Between 18-60 years old
• An account holder with Pan-African Savings and Loans
• Be in operation for more than one year
• Be a member of a recognized body (Eg Ghana Pentecostal and Charismatic Council, Christian Council of Ghana)
• Collateral requirement
• Guarantor requirement
DOCUMENTATION
• Two Passport Photos of the principal borrower(s)
• ID card (Driver’s License, Passport, Voters, NHIS, NIA)
• Applicant’s bank statement for the last 6 months
• Registration certificate from a regulatory body
• Evidence of membership from a regulatory body
• A resolution from the Board of the church where applicable
• Pro-forma invoices on items to be purchased
• Detailed estimate of project to be financed
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