PENSION LOAN

The product is designed to help pensioners meet their post-pension age needs such as medical needs, rent payments and other family expenditures.

 Details of Offer

• Loan size depends on the income size, the purpose and statutory requirements
• Repayment period: Up to 36 months.
• Security: Salary earners who receive their salaries through Dangme Rural Bank Plc and are in good standing.
• Funds are disbursed on a timely basis.
• Flexible terms of repayment.
• Interest rate, commitment fee and processing fee applicable
• Clients shall be updated on monthly loan repayment via our SMS alert

Eligibility

• The Borrower should be a salaried worker receiving his/her salary at the bank for not less than three (3) months
• Age Limit: 60 to 69 years.

Requirement

• Applicant must be an account holder of the Bank and receive monthly pension pay
• Applicant must submit an endorsement or consent letter from his or her employer.
• The Applicant must complete and submit the Loan Application form.
• Attached one (1) current Passport size photo
• Copy of Valid National ID Card
• Copy of guarantor National ID Card