GAP Personal/Employee Loan

 Do you need a Loan?

The GAP Personal Loan can make it all possible!

What makes it special?

  • Our Credit Life Insurance Policy will cover you in case of disability or upon being called to your maker. Your Loan balance is automatically extinguished. Your spouse will also benefit from a special payment.
  • Our service is prompt and you are immediately informed of the status of your application.

Who can qualify?

  • You will need regular minimum  net monthly salary of GHC 300.
  • Your chances are better if you have lived in the same place and worked for the same employer for a reasonable period of time.
  • Clean Credit Record
  • Valid Identification Document
  • Be over 21 years.
  • To be contactable by telephone
  • To be permanently employed.

How do I know my application has been approved?

Once we have your application we shall:

  • Notify you promptly of any additional details required.
  • You will be promptly informed by telephone
  • Your loan will be transferred to your banking account electronically or as you may desireYou operate a business and your employees often come to you for loans to be made available to them at time of need. The need for periodic financial support is a fact of life.You are sure of the credit worthiness of your employees because you pay them regularly at the end of each month and are assured of repayments. However you do not wish to deprive your company of badly needed cash resources should you use company funds for the loan(s). You also do not wish to create the mistaken impression in the minds of your employees that you are always there to grant loans.

    At the same time, you wish to boost productivity and be seen as a caring and loving company. How do you reconcile the two positions?

    Turn to GAP Employee Loans to free your company from this financial pressure.

    How do I apply for GAP Employee Loans Scheme for my employees

    GAP Microfinance will enter into an Agreement with your company to process all Employee Loans on behalf of your company.

    • All Loan Applications submitted to GAP Microfinance will be promptly processed promptly
    • Any applicant must be enjoying a minimum net monthly salary of GHC 300.
    • The employee must have been employed for a minimum period of six months.
    • Clean Credit Record
    • Valid Identification Document
    • Be over 21 years.
    • To be contactable by telephone
    • To be permanently employed; temporary employees do not qualify

    How do I know that an application from an employee has been approved?

    Once we have your application we shall:

    • Notify you promptly of any additional details required.
    • You will be promptly informed by telephone
    • Your loan will be transferred to your banking account electronically or as you may desire.

    What does GAP Microfinance require of the employer?

    • A formal Agreement with GAP Microfinance
    • An Undertaking to deduct monthly repayments from all employees with Loans and pay this in bulk to GAP Microfinance each month

    Are there special benefits the employee will benefit from?

    • GAP Microfinance Credit Life Insurance Policy will cover you in case of disability or upon being called to your maker. Your Loan balance is automatically extinguished. Your spouse will also benefit from a special payment.
    • Our service is prompt and you are immediately informed of the status of your application.