ADOM CAGD Loan

This is a loan designed for all public sector workers and employees on the Controller and Accountant General Payroll.

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Features

  • Employee must have a salary range from GHS 400 and above
  • Repayment duration is up to twenty four (24) months.
  • Equal monthly installments
  • Source deduction from Controller and Accountant General

 

Benefits

  • No collateral required
  • No guarantee required
  • Loan satisfies diverse needs

 

Requirement

  • Complete an application form
  • Most recent three(3) month’s pay slip
  • Valid National ID
  • One (1) passport size picture

 

 Target Market

  • Public sector workers on Controller and Accountant general payroll

ADOM Personal Loans – Private Salaried Workers

This is a loan designed for workers in the private sector i.e., Bankers, Insurance companies, Telecommunications, Teachers, Doctors etc.

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Features

  • Employee must have a salary range from GHS 500 and above
  • Repayment duration is up to Twenty four (24) months
  • Equal monthly installment
  • Personal guarantee from colleague
  • Employment confirmation letter required

 

Benefits

  • No collateral required
  • Loan satisfies diverse needs
  • Quick loan processing

 

Requirements

  • Employment confirmation required
  • Complete an application form
  • Most recent three(3) month’s pay slip
  • Valid National ID
  • One (1) passport size picture

 

Target market

  • Salaried workers in the Private Sector

ADOM Scheme Loans

A loan designed for workers on monthly income, working with reputable institutions whose employer will undertake to do source deductions.

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Features

  • Employees with a salary range from GHS 500 and above.
  • Clients must be a staff of a reputable institution
  • Repayment is by source deduction
  • Repayment period is between One to Twenty four (1-24) months

 

Benefits

  • Non account holders can access this loan
  • Competitive interest rate
  • No restriction on purpose of loan

 

Requirements

  • Employer undertaken to do source deductions.
  • The institution shall have an active entitlement in place i.e. Provident fund, gratuities.
  • Complete an application form.
  • Most recent three(3) month’s pay slip.
  • Valid National ID.
  • Employer confirmation letter

 

Target Market

  • Employees of reputable private companies.

ADOM Susu Loans

Loans designed for individuals and businesses in the informal sector.

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Features

  • Businesses within the turnover of GHS 500 To GHS 20,000.
  • Loan duration from One to Ten (1-10)Months.
  • Daily/ Weekly repayment.

 

Benefits

  • Flexible repayment terms
  • Easy and Fast loan processing
  • Competitive interest rate
  • Assigned personal business advisor

 

Requirements

  • Customer to open and operate account for at least one(1) month.
  • Complete loan Application form
  • Verifiable national ID
  • One(1) Passport size picture

 

Target Market                                           

  • Individuals
  • Traders/ Businessmen and Women

ADOM SME Loans

Loans for small medium Entrepreneurs and Enterprises in active profitable business.

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Features                       

  • Businesses within the turnover from GHS 10,000 to GHS 200,000
  • Loan duration from One to Twenty four (1-24)Months.
  • Monthly Equal installment.
  • Collateral required

 

Benefits

  • Flexible repayment terms

 

 Fast loan processing

  • Competitive interest rate
  • Assigned personal business advisor

 

Requirements

  • Customer to open and operate account for at least one(1) month.
  • Complete loan Application form
  • Verifiable national ID of Directors
  • One(1) Passport size picture of individual /directors

 

Target Market                                           

  • Individuals
  • Traders/ Businessmen and Women
  • Corporate entities

 

ADOM School Loan

This product is tailored as a solution to the problems of the educational institutions in Ghana. The facility is mainly for registered educational institutions with sound management practices.

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Features

  • Facility request amount is not more than GHS 50,000
  • Facility tenure is maximum of 36 months

 

Benefits

  • Repayment is structured to reflect the cash flow pattern of the school
  • Fast loan processing
  • Competitive interest rate
  • Assigned personal business advisor

 

Target Market

  • Educational institutions in Ghana

 

Requirements

  • Monthly cash flow for the past year
  • Current Bank statement for at least six(6) months
  • Business registration certificates
  • Registration certificate from GES or Accreditation from the National Accreditation Board, in the case of private Tertiary educational institutions.
  • A resolution letter from the Board/ Management of the school
  • Any national ID and passport size pictures of the directors and signatories to the account.