Do you know banks in Ghana that offers car loans? In a developing country like Ghana, owning a car is something seen as a luxury. Believe it or not, it’s an honor to be an owner of an inexpensive car. The masses of Ghanaians aspire to be in disposition of a car through one means or the other.
This dream isn’t anything harmful until it lands them into the wrong deeds and deals. There are several banks in Ghana that offers car loans.
This article therefore will discuss the banks in Ghana that gives loan for cars so that you are neither duped nor extorted of money. Also, many Ghanaians desperately respond wrongfully to spam messages from scammers as some offers make getting better cars easier and interesting than it actually is getting a better car suggests being very much easier, stress free and very flexible.
They end up losing substantial amounts of money instead of being loan.
What are the banks in Ghana that offers car loans?
There are several legitimate entities that loan out money for purchase of cars to Ghanaian. Most of these entities are outstanding banks whose aim is to make the ordinary Ghanaian at least feel special.
Major banks in the country gives loan for cars so you must not look out to any other sources except the banks mentioned below.
FBNBank Ghana
FBNBank,Ghana is amongst the several bank that gives out loans to their customers to purchase cars. It is one of the most patronized banks in Ghana and it has proven to be very reliable over the past decades.
The loan package offered by the FBNBank supports paid employees partly so they could afford a car. FBNBank however outlines certain requirements which are not overly demanding. To qualify for the loan,
- you must be capacitated to make full payments within 48 months a
- You should at least have in handy your Ghana Identification Card, updated copies of your 6 months’ pay slip and a righty filled application form.
- The applicant must expect a conservative amount of 150,000cedis and not anything beyond it.
Access Bank
The Access Bank also disburses loans to Ghanaians who are interested in purchase of cars. The loan services of the bank use the mortgage system and it specifically targets salaried workers. The Access Bank also requires.
- Current copies of 6 months’ pay slip
- Ghana card,
- A completely filled application form
- The applicant’s passport pictures.
- The applicant must however be ready to create an Access Bank account where they don’t have any.
Stanbic Bank
The Vehicle loan of Stanbic bank also projects to be very competitive and hence you must have a look at it.The Stanbic bank has several branches across the country which makes them easily accessible.
“Our vehicle and asset finance (VAF) are a medium-term facility tailored for our salaried and non-salaried customers to buy movable and non-movable assets such as motor vehicles and power generators for their own use”; has been highlighted by the bank.
What are the other banks in Ghana that offers car loans?
Other banks like The Fidelity Bank, Calbank, Advans Ghana, and Standard Chartered Ghana all provides auto loans to salaried and non-salaried employees. They all provide swift and flexible procedures for loan applications and disbursement.
CalBANK
CalBank offers an Auto Loan facility which is a credit provision designed for clients of CalBank to purchase any vehicle of their choice. CalBank believes buying a dream car can be both tedious and complicated and hence has provided an opportunity for their customers.
CalBank assist their valued clients with the needed funds to realize their lifestyle dream.CalBank has tailored their Auto Loan facility for Individuals, Professionals, Consultants and Salaried workers with recognized institutions to acquire a vehicle for personal/company use.
This article has concretely discussed banks in Ghana that gives loans for cars and it woulf be great on your part to access these facilities.
