This loan facility has been designed to assist members meet their short-term financial obligations such as payment of school fees, rent advance and any other general repairs at home. To qualify for this loan, a member should have contributed to the Fund for a minimum of six (6) months. The maximum amount one can access under this facility is Twenty-Five Thousand Ghana Cedis (GH¢25,000), payable over forty-eight months (48months) or four years (4years). The ability of a member to access any amount up to the maximum GH¢25,000 is dependent on the available affordability of the member. The following are the relevant documents needed to apply for the Personal Loan facility:
- A completed Personal Loan application form obtained from the GNAT District Secretariat.
- Two (2) separate Authority Notes
- One (1) Loan Advance Form
- One (1) Deductions Form
All the above documents will be supplied by the GNAT District Secretariat.
However, all applicants are expected to provide the following:
a. Two (2) signed Mandate Forms with different serial numbers
b. Two (2) passport sized photographs
c. A copy of a Valid ID
d. A copy of your recent Affordability
e. A copy of your recent payslip