Funeral Loan (Abusuapanin Anionyam)
This product, otherwise known as “Abusuapanin Anionyam”, is designed to relief the anxiety of heads of bereaved families financially.
Features
- No commitment fee charges
- A member of the family should have an account with the bank.
- Funeral program should be attached to the loan application
- There must be an implied consent from the family head
- There should be a prove of the death
- Maximum loan duration of 3 months
- 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
