As an employee, Sterling Bank Personal Loan offers you the financial flexibility to finance your dreams!

TARGET MARKET

Individuals whose salaries are paid through Sterling Bank Bank.

FEATURES

•   Maximum loan amount of GH¢50,000.
•   Maximum tenure of 36 months.
•   Equal monthly repayments on amortized basis.
•   Repayment not exceeding 40% of monthly salary.
•   Interest rate is prevailing Base rate plus margin.

BENEFITS

•   Flexible repayment.
•   Early pay off acceptable.
•   Competitive interest rate.
•   Fast and easy.

REQUIREMENTS

•   Fully completed Loan application form.
•   One (1) passport picture.
•   Three (3) months salary account with SB.
•   One (1) month salary account with SB and six (6) months statement from other Banks for new to Bank applicants.
•   Valid National Identity (e.g. Passport Voter's ID/Driver's License).
•   Proof of income (3 months' pay slip).
•   Proof of employment (Letter of undertaking from employer.

Sterling Bank Consumer Asset Finance offers you an opportunity to buy what you need today, we pay and you pay later over a period of time!

FEATURES

•   Maximum Loan amount is GH¢10,000 for individuals and GH¢20,000 for businesses.
•   Minimum Loan amount of GH¢500.00.
•   Interest rate is prevailing base rate plus margin.
•   For individual borrowers, loan amount should not exceed 40% of employees' salaries.
•   Term of loan is twelve (12) months.
•   For Individual borrowers, loan repayments should not exceed 40% of employee's salary.
•   Standing order debit to current accounts in the case of Institutions (SMEs).

BENEFITS

•   Flexible repayment.
•   Provides needed financing to customers to purchase assets of their choice.
•   Competitive interest rates.
•   Early pay off acceptable.
•   0% pre-financing.
•   Fast and easy.

REQUIREMENTS

•   INDIVIDUALS.
  •   Fully completed Loan application form.
  •   One (1) passport picture.
  •   Three (3) months SB salary domiciliation.
  •   Valid National Identity (e.g. Passport Voter's ID/Driver's License).
  •   Proof of income (3 months pay slip).
  •   Proof of employment (Letter of undertaking).
  •   Six (6) months statement (for new to bank applicants with 1 month SB salaried relationship).
•   INSTITUTIONS (SMES)
  •   Fully completed Loan application form.
  •   Guarantor form/ID/Picture (For Sole Proprietor's).
  •   Business registration documents (photocopy).
  •   IDs of signatories to the account with SB.
  •   Passport pictures of signatories to the account with SB.
  •   Six (6) months business account statement from other bankers if business account with SB is less than 3 months old.
  •   Monthly repayment is by standing order on business account with SB.

It is an opportunity to introduce children to the concept of savings and management of finance to make them financially prudent for the future.

FEATURES

•   Initial deposit of GHS200.00
•   Convenient deposit build-up throughcash deposits and standing order.
•   A minimum deposit of GHS50.00 permonth.
•   No withdrawal in the first year ofaccount operation.
•   A maximum of three withdrawals per year after the first year of account operation.
•   Each withdrawal not to exceed 50% ofaccount balance.
•   Life Insurance cover with upfront(yearly) premium payment.

BENEFITS

•   Highly competitive interest rate.
•   Life insurance cover for the child withCash Bonus after five years of no claim.
•   An opportunity for children to have days of working visit at SB offices (condition apply).
•   Instill the savings and investmentculture in children.
•   Account could be used as collateral tosecure school fees loan (Conditions apply)
•   Invitation to the "Annual Royal Child Party"(Conditions apply)

REQUIREMENTS

•   Completed and signed SB Royal Child Account Opening Form.
•   Proof of valid Identity of Parent or Guardian (e.g. Passport, Voter's ID/Driver's License, National ID).
•   Birth Certificate, Baptismal Certificate or Weighing Card of the child.
•   Proof of residence, recent utility bill of house of residence or Tenancy Agreement of Parent or Guardian.
•   Two recent passport size photographsof Parent or Guardian and the Child.

An installment loan that enables customers and prospective customers to acquire their first car, upgrade to newer or bigger model or buy the classic car of their dream.

FEATURES

•   Minimum loan amount of US$10,000
•   Maximum loan amount of US$100,000.00
•   80% maximum level of financing
•   Equal monthly installment of principaland interest
•   Loan tenor of 48 months (4 years) to60 months (5 years)

BENEFITS

•   Opportunity to own your dreamVehicle
•   Flexible monthly repayment schedule
•   Competitive interest rate
•   Comprehensively insured Vehicle
•   Quick processing and disbursementof loan.

REQUIREMENTS

•   Applicant to open account with SB oralready maintains account with SB
•   Completed customer application form
•   Pro-forma invoice for the vehicle to beacquired
•   Letter of undertaking from employer*
•   Proof of salary for the last three (3) months
•   Proof of identity (e.g. Passport, Driver's License, NHIS Card, National ID, Voters ID)
•   Facility letter duly executed by the applicant
•   Execution of all security/collateral documentation

* Conditions apply

Sterling Bank Salary Overdraft provides individual salaried customers easy and convenient way to meet their urgent financial needs!

TARGET MARKET

Individuals whose salaries are paid through Sterling Bank Bank

FEATURES

•   Available upon request.
•   Pricing: Base rate plus margin.
•   Full payment at end of tenure.
•   60% of net salary accessible.
•   Three (3) months revolving facility.

BENEFITS

•   Bridges liquidity gap.
•   Funds accessible anytime (once approved).
•   Competitive rates.
•   Early pay off acceptable.
•   Fast and easy.

REQUIREMENTS

•   Fully completed Loan application form.
•   Valid National Identity (e.g. Passport/Voter's ID/Driver's License).
•   One (1) passport picture.
•   Proof of income (3 months pay slip).
•   Proof of employment (Letter of undertaking from employer).
•   Three (3) months salary account with SB.
•   One (1) month salary account with SB and six (6) months statement from other Banks for new to Bank applicants.

Sterling Bank Scheme Loan is an arrangement that offers group loans to employees of reputable organisations to finance their dreams!

TARGET MARKET

Salaried employees of reputable organizations.

FEATURES

•   Maximum Loan amount of GH¢50,000.
•   Maximum tenure of 36 months.
•   Companies to provide guarantees for interested employees.
•   Salaries of employees may not necessary pass through SB.
•   Prevailing base rate plus margin.
•   Repayment not exceeding 40% of employee's salary.
•   Early pay off acceptable.
•   Fast and easy.

BENEFITS

•   Access to loans for personal use.
•   Flexible loan repayment.
•   Competitive interest rates.

REQUIREMENTS

•   Fully completed loan application form.
•   One (1) passport photograph.
•   Valid National Identity (e.g. Passport/Voter's ID/Driver's License).
•   Letter of undertaking from employer/Scheme Organisation.
•   Proof of income (3 months' pay slip).

A means of setting money aside to enable clients save towards a future need

TARGET MARKET

All bankable individuals/Association/Clubs/Societies

FEATURES

Initial deposit of GHS 20.00

Minimum operating balance GHS 20.00

Free quarterly statement

Free Internal Standing Instructions
Free cash deposits
Free cash withdrawals  
Competitive interest rates
Allows use of ATM
No restrictions on withdrawals
E-statement (available any time)
Text alert

BENEFITS

Competitive Interest Rates

24 hour access to funds through ATM

Your money is easily accessible whiles you still earn a return on it

REQUIREMENTS

Individuals

Completed SB Account Opening Form
Proof of valid Identity (e.g. Passport/Voter’s ID/Driver’s License, National ID
Proof of residence, recent utility bill of house of residence or Tenancy Agreement
Two recent passport size photographs

 Associations, Clubs & Societies (where applicable)
Completed SB Account Opening Form
A copy of the Constitution or Club Rules of the prospective clubs, Societies or Charity
Resolution to open account and Mandate
Proof of valid Identity of Signatories (e.g. Passport/Voter’s ID/Driver’s License)
Proof of residence, recent utility bill of house of residence or Tenancy Agreement of signatories
Two recent passport size photographs of Signatories
Completed KYC

An account on which cheques are issued against balances

TARGET MARKET

All bankable individuals

FEATURES

Cedi Denominated

Free quarterly statement
Initial deposit of GHS 50.00
Provision of cheque book
Free Internal Standing Instructions
Free cash deposits
Free cash withdrawals
Allows use of ATM
E-statement (available any time)
Text alert

BENEFITS

Easy and Unlimited access to funds

Convenient way of making bill payments
24hour access to funds through ATM
Free Advisory banking services

REQUIREMENTS

Completed SB Account Opening Form

Proof of valid Identity (e.g. Passport/Voter’s ID/Driver’s License, National ID)
Proof of residence, recent utility bill of house of residence or tenancy Agreement.
Two recent passport size photographs
Completed KYC

A deposit account that allows farmers to pay-in and draw on their Akuafo Cheques as well as cash transactions - affording farmers the opportunity to save towards future needs.                    

TARGET MARKET

Farmers

FEATURES

Free quarterly statements

Free internal standing orders

Initial e-statements

Initial deposit of GHS20.00

Minimum operating balance of GHS20.00

BENEFITS

Motivating for farmers to save towards future needs

Aid in proper record keeping on sales and bonus calculation

Competitive interest rate on savings

Easy access to your money

REQUIREMENTS

Proof of valid identity (Farmers ID/Voter’s ID/Driver’s License/Passport)

Valid Special Akuafo Cheque issued by License Buying Company with SB endorsement or farmer’s Passbook for non-license Buying Company

Copy of valid Passbook

Two recent passport size photographs

Completed SB Customer Relationship Form

A suitable product that meets the demands of students' life

TARGET MARKET

Tertiary Students

FEATURES

Cedi Denominated

Initial Deposit of GHS10.00

Minimum operating balance of GHS10.00

Very competitive interest rate of 8% p.a

BENEFITS

Provision of free initial ATM card

Free SMS alert

Guaranted access to SB Consumer Loan at start of work

REQUIREMENTS

Completed and signed SB Customer Relationship Form

Proof of valid identity - First Year Students (Student ID and Admission Letter), Continuing Student (Student ID with any National ID)

Two recent passport size photographs

CHARGES

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