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Retail Products

Cash covered loan

SUMMARY

This facility is for customers with cash require short-term financing without discounting their investments. Customer can access a maximum of up to 90% of his/her investment assigned to the bank

 Purpose

To fund general expenses such as  purchase of household items, pay bills and for any other personal financial needs.

Eligibility

  • Customers must have an investment such as savings, fixed deposit (flexi-plus) treasury bills, bonds or notes which will be assigned ti Societe Generale Ghana.

Target customers

Top affluent
Mass affluent
Mass market

Guarantees

  • Customer's investment us used as security for the loan facility
  • Customer's investment is blocked when the overdraft facility agreement is signed
  • Source of payment must be known

Interest Rates

Negotiable 

Rates remain fixed for all staff once agreement is signed.

Facility processing fee

 Facility processing fee(Negotiable)