Funeral Loan Plus
Features
- The bereaved family must open account with the bank.
- Funeral donations shall be taken by both the bank’s staff and a family representative
- Funeral proceeds shall be deposited into the family account.
- There must be a consent from the family head
- There should be a prove of the death
- Family to spell out options in the event where the funeral proceeds do not meet the loan amount.
- The loan repayment period does not exceed one month.
- Security is required for amount exceeding GHS100,000.00
- Landed property / vehicle can be used to secure this facility
Benefits
- Low interest rate
- Repayment is done by the family themselves
- It eases financial pressure on the family
- Quick loan disbursements