Credits

Overdrafts

Overdraft.jpg

Bridge the gaps between your finances and put your mind at ease with a Societe Generale Ghana overdraft.
 
When you need some extra cash for a short term period, an overdraft may be the most effective way to access a financial reserve, which you will repay whenever funds are credited to your current account.


 
PRIVILEGE OVERDRAFT

This is a financial reserve that will be readily available to you over a 12 months period. It allows you to overdraw your current account each month by a certain amount, whenever you need at your convenience.


Features

  • Your current account can be overdrawn by up to 50% of your net monthly salary.
  • The overdraft is repaid automatically whenever funds are credited to your current account.
  • No matter if you use the facility or not, you have the peace of mind to have this reserve available.

 Benefits
  • Additional funds are automatically added to your account every month.
  • Access to funds without going through the process of applying for a loan for every unplanned expense.
  • Only pay interest on the portion of the overdraft you use every month.

Requirements
  • Have/ open a current account at Societe Generale Ghana.
  • Be a salaried worker from Societe Generale Ghana listed companies or companies with an institutional loan agreement with the bank.
  • Receiving regular salaries on Societe Generale Ghana account with a history of at least three (3) consecutive salaries.
  • A minimum salary of GH¢6,000.00 is requested.
 
 
INSTANT OVERDRAFT
This is a 30 day credit facility designed to help you cover urgent and short-term lack of funds  by allowing you to overdraw your current account occasionally.
 
 
Features

  • You can overdraw your account by up to 25% of your net monthly salary.
  • Debits on your account should be cleared within 30 days.
  • Overdrafts can be renewed on demand after a review of your eligibility.
 
Benefits

  • Quick and easy access to funds.
  • Pay interest only on the overdrawn amount.
  • Repay the overdraft automatically whenever funds are credited to your current account.
     
Requirements
  • Have/open a current account at Societe Generale Ghana.
  • Be a salaried worker from a Societe Generale Ghana listed company or from a company with an institutional loan agreement with the Bank.
  • You must have salaries for 3 consecutive months received through your Societe Generale Ghana account (with pay slips)
     
To find out more about how to get an overdraft, step into any Societe Generale Ghana branch or call our Contact Centre on 0302 214 314.