Personal Loans

These loans are available to meet individual financial needs for the acquisition of fixed assets such as purchase a plot of land, furniture, refrigerator, television sets, school fees of defendants, medical bills, funeral expenses etc.

 

 

NIB Kwik Loan

General purpose loan intended to meet the specific needs of clients. The facility is targeted at salary workers who earned not less than GH¢200.00 monthly for personal needs such as rent, school fees etc.

 

Auto Link (Auto Loan)

Credit product offered to customers who want to purchase a brand new vehicles. Successful applicants are to contribute at least 20% of the total value of the vehicle.

 

Exeloan (Executive Personal Loan)

This credit facility is offered to executives and high net worth employees of blue chip companies. Only individuals who earn not less than GH¢25,000.00 net salary a year qualify to apply for this facility.

 

Advance Cash (Salary Advance)

Customers who maintain accounts with NIB or are paid through Controller and Accountants General Department can access up to 80% of their salary in advance.

 

Plus Loan (Scheme Loan)

Reputable institutions who wants to free up its working capital that would otherwise be tied to loans to members of staff are offered this loans on condition that its employees have accounts with NIB and the employer be responsible for the deduction of repayment amount for onward transfer to NIB on monthly basis.

 

 

  • This is a general purpose loan intended to meet the specific needs of clients, such as payment of school fees, rent, etc.
  • This facility is targeted at salaried workers who earn not less than GH¢200.00 monthly.
  • Maximum Tenor is 48 months
  • Maximum amount is dependent on customer’s Debt Service Ratio (DSR)

  • This credit product is for the purchase of brand new vehicles. Auto companies will provide successful applicants with the vehicles they desire.
  • The loan amount will be paid directly to the auto company.
  • The customer must contribute at least 20% of the value of the car.

  • This product is intended to offer credit facilities to executives and high net worth employees of blue chip companies.
  • It is targeted at the top end of the retail market. Only individuals who earn not less than GH¢10,000.00 a month.
  • Maximum Tenor is 48 months
  • Maximum amount is GH¢100,000.00

  • This credit product is limited to customers who maintain a salary account with NIB.
  • Customers can access up to 80% of their salary in advance.

  • This loan is given to reputable institutions for their employees.
  • It enables these institutions free up working capital that would otherwise be tied up in loans to members of staff.
  • The employees need not have accounts with the bank. Their employer will be responsible for the deductions of repayment amounts for onward transfer to NIB, at the end of each month.
  • Maximum Tenor is 48 months
  • Maximum amount is GH¢1,000,000.00 (negotiable)
  • Interest Rate is 30+% (Negotiable)

NIB’s “We Pay For Your Dreams” is a customer friendly package which offers an opportunity to salaried workers with recognized institutions, as well as NIB account holders to purchase any desired electronic gadget such as refrigerators, blenders, mobile phones and generator sets from NIB Accredited distributors. ...read more

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