Cash covered loan
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
To fund general expenses such as purchase of household items, pay bills and for any other personal financial needs.
- 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.
- 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
Rates remain fixed for all staff once agreement is signed.
Facility processing fee
Facility processing fee(Negotiable)