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Best Point Products Know more about Best Point Savings and Loans Products

Savings Account

Features

  • Less cumbersome account opening procedure
  • Minimum opening balance is GHS5
  • Minimum operating balance is GHS10
  • Minimum balance to qualify for interest is GHS20
  • Attractive Interest Rates
  • Interest is calculated daily and applied monthly
  • Up to four withdrawals per month

Requirements

  • Valid ID Card
  • 1 passport picture
  • Utility bill (should not be more than 3 months)
  • 1 reference from a current account holder with a recognized Bank or Savings and Loans Company or Letter from employer
  • Resident permit (for foreign nationals)

Current Account

Features

  • Less cumbersome account opening procedure
  • Minimum opening balance is GHS10
  • No minimum operating balance
  • Access to a cheque book
  • No Commission on Turnover (COT)

Requirements

  • Valid ID Card
  • 1 passport picture
  • Utility bill (should not be more than 3 months)
  • 1 reference from a current account holder with a recognized Bank or Savings and Loans Company or Letter from employer
  • Resident permit (for foreign nationals)
  • Resolution from the Board
  • Business registration documents (Businesses only)

Fixed Deposit Account

Features

  • Less Cumbersome procedure
  • Minimum investment of GHS1,000
  • Terms available: 30 days, 91 days, 182 days and 1 year
  • Certificate of investment is issued
  • Attractive interest rate
  • Interest is calculated daily

Requirements

  • Valid ID Card
  • 1 passport picture
  • Utility bill (should not be more than 3 months)
  • Resident permit (for foreign nationals)

BestKids Account

Features

  • Less cumbersome account opening procedure
  • Minimum opening balance is GHC5
  • Minimum operating balance is GHC30
  • Minimum balance for interest is GHS30
  • Very Attractive interest rate
  • Interest is calculated daily and paid monthly
  • Up to four (4) withdrawals per year

Requirements

  • Valid ID Card
  • 1 passport picture ofthe child and parent or guardian
  • Utility bill (should not be more than 3 months)
  • Proof of date of birth of child
  • 1 reference from a current account holder with a recognized Bank or Savings and Loans Company or Letter from employer
  • Resident permit (for foreign nationals)

Susu Account

Features

  • Less cumbersome account opening procedure
  • Minimum opening balance is GHS1
  • Access to a free Pass Book
  • Personal Field Banker
  • Unlimited withdrawals
  • Lower interest on susu loans
  • Instant Confirmation of daily deposit
  • Minimum daily contribution is GHS1
  • Minimum contribution to qualify for a loan is 2months
  • Minimum loan amount is GHS200
  • Loan maturity profile:
    Amounts Tenure
    GHC200 - GHC5,000 1 - 6 months
    GHC5,000 - GHC10,000 8 months

Requirements

  • Valid ID Card
  • 1 passport picture
  • Utility bill (should not be more than 3 months)

SikaDua

This is a long term savings account.

Features

  • Less cumbersome account opening procedure
  • Minimum account opening balance is GHS5
  • After initial deposit of GHS5,you are allowed further deposits of any amount at any time to grow your account
  • Very attractive interest rate
  • Interest is calculated daily and applied monthly
  • A maximum of 1 withdrawal will be permitted every 6 months

Requirements

  • Valid ID Card
  • 1 passport picture
  • Utility bill (should not be more than 3 months)
  • 1 reference from a current account holder with a recognized Bank or Savings and Loans Company or letter from employer
  • Resident permit (for foreign nationals)

Auto Loan

This is a short to medium term loan for the purchase of private and commercial vehicles.

Features

  • Can be used for new or used vehicles (up to 5 years)
  • Minimum deposit between 20%-50%
  • Term: Up to 60 months
  • Applicant must not be more than 55 years
  • Applicant must be the user of the vehicle
  • Vehicles must be comprehensively insured
  • Life insurance cover for death or permanent disability
  • Competitive interest rate
  • Less cumbersome procedure
  • Quick turn around time

Requirements

  • Valid National ID
  • Driver's License
  • Two (2)guarantors
  • A minimum oftwo (2) years driving experience
  • Non account holders must meet our account opening requirements
  • Security may be with required

Salary Loans

Loans for employees of both public and private institutions.

Types

  • Employee Loan Scheme
  • Government/Public Payroll Employees
  • Private Company Employees

Features

  • Applicant must be between the ages of 18-55 years
  • Must be a confirmed staff
  • Term: Up to 36 months
  • Debt Service Ratio: Maximum 40%
  • Competitive interest rate
  • Less cumbersome procedure

Requirements

  • Valid NationaiiD and Staff ID
  • Last 3 months pay slip
  • Employer undertaken
  • 1 guarantor
  • Salary must be routed through BPSL where applicable
  • Security may be required

Import Financing

This is a short term loan targeted at customers in the import business. It is available for duty payments, transport cost or payment for imported goods.

Features

  • Term: Up to 12 months
  • Competitive interest rate
  • Flexible amounts to meet the needs of all levels of businesses
  • Quick turn around time
  • Less cumbersome procedure

Requirements

  • Valid National ID
  • Proof of import documents
  • Applicant must meet our account opening requirements
  • Security may be required

Church Loan

Loan to finance church projects like buildings, renovations, vehicles and equipment (musical instruments,generators,etc).

Features

  • Less cumbersome procedure
  • Term: up to 36months
  • Competitive interest rate
  • Multiple purpose
  • Tailored repayment terms
  • Quick turnaround time
  • Church registration documents
  • At least6 months bank statement
  • Church constitution (if any)

Requirements

  • Resolution from the Board
  • Security may be required
  • Financial statements

SME Loans

These are different short to medium term loans for Small and Medium Enterprises to meet varying financing needs including -working capital, asset acquisition, projects, business expansion, manufacturing, commerce, etc.

Features

  • Less cumbersome procedure
  • Flexible amounts to meet the needs of all levels of businesses
  • Quick Turnaround time
  • Term: Up to 60 months
  • Competitive interest rates
  • Flexible repayment terms

Requirements

  • Identity and proof of address of directors or promoters
  • Identity and proof of address of entity
  • Board Resolution
  • Company Registration documents
  • Audited Financial statements for the last 3 years
  • For non-customers, six (6) months bank statement would be required
  • Security may be required