|Bank Lending Rate||34.50||May/18|
Herein, how do I qualify for a Stanbic loan?
You must have an active account that is at least 12 months old with the bank. You should not be less than 18years as at the loan application date and maximum of 59years. You must not have any history of dud cheques. You must have satisfactory credit reports.
Additionally, what are interest rates today?
|Conforming and Government Loans|
|30-Year Fixed Rate||3.125%||3.254%|
|30-Year Fixed-Rate VA||2.625%||2.864%|
|15-Year Fixed Rate||2.375%||2.605%|
What is the current banking rate in Ghana?
GCB is currently the bank with the lowest base rate in the country. With a base rate of 22.75% down from 26.0% GCB is strengthening its market leadership in the countryâ€™s banking industry where some banks have their base rates as high as 27% and 29%.
Cal Bank offers lowest interest rate amongst commercial banks in Ghana. The Bank of Ghana’s publication of the average lending rates of universal banks as at July 31, 2021 indicates that CalBank PLC offers the lowest lending rate on the market.
The major bank with the lowest interest rate for a personal loan is Barclays, at 5.74%. Other notable banks with low personal loan rates include HSBC (5.99%) and PNC (5.99%).
For agriculture, NIB and Republic Bank offered the highest interest rate of 34.8% and 33.5 – 34.2% respectively, while NIB, again, and CAL Bank offered the expensive loans at rates of 29.5 – 34.3% and 29%, respectively in the agriculture and manufacturing sectors.
Standard Chartered is one of the best investment banks in Ghana with great investment packages such as Mutual Fund (this is professionally managed investment scheme.
Below are 10 of the top investment banks in Ghana at the moment:
- Republic Bank.
- National Investment Bank.
- EDC Ghana.
- STANLIB Ghana Limited.
- First National Bank.
- Fidelity Bank.
- Agricultural Development Bank of Ghana.