• customer@eindhovenbank.com
  • 855.533.5180 / +1 711-450-9445

Borrowing

Unsecured Personal Loans

We know you have lifestyle aspirations and that sometimes you need the right financing to realise your goals. Our Unsecured Personal Loans are flexible, short- to medium-term loans tailored to meet your personal financing needs such as buying household or electronic appliances, education expenses, home improvements, car maintenance, rent advance and other personal expenses.

Types :
Our Unsecured Personal Loans include:
1. Fixed Term Loans (FTL): A short-term personal loan is ideal if you earn a minimum net salary of 100 USD a month.
2. Revolving Term Loan (RTL): A short- to medium-term revolving personal loan if you earn a minimum net salary of 250 USD a month.
3. Employer Managed Scheme Loan (EMS): A short- to medium-term personal loan structured for salaried employees on our Workplace Banking Group Scheme who earn a minimum net salary of 100 USD a month at negotiated concessionary rates

What does it offer you:

  • Flexible repayments through a Stanbic salary account or direct payroll deduction
  • Minimum loan amount:
    - Revolving Term Loan: 1000 USD
    - Fixed Term and Employer Managed Scheme loans: 300 USD.
  • Maximum loan amount: depends on income
    - Fixed Term Loan: 10,000 USD
    - Revolving Term and Employer Managed Scheme Loans: 50,000 USD.
  • Minimum loan term of 12 months
  • Maximum loan repayment term tied to retirement age
    - Revolving Term and Employer Managed Scheme Loans up to 60 months -
    - Fixed Term Loan - up to 48 months -
  • Loan repayments should not be more than 45% of your net monthly income
  • Competitive interest rates and facility fees
  • Credit Life Insurance that covers permanent disability and death
  • Top-up option available for existing loans after consistent repayment.
  • What you need to apply:

  • You must work for an organisation profiled by us
  • You have to be in employment for at least six months and confirmed in current job role
  • You must have held an account with us for at least one month. (For salaried account holders)
  • You do not need to have an account with us for direct payroll deductions
  • Must be 21 years and not more than 60 years by facility expiry
  • Netherlands citizen or legal resident in Netherlands (expatriates)
  • Fill in the Unsecured Personal Loan application form and attach the following documents
  • Proof of income – last three months’ payslips
  • Proof of identity - passport, driver’s licence, National ID Card
  • Proof of address - utility bill less than three months old
  • Letter of Undertaking from employer
  • Six months’ bank statements (for new customers only)
  • Passport photo (Direct payroll deduction customers only)
  • Loan will be approved subject to a positive credit bureau report
  • Consumer Finance Term Loan

    Our Consumer Finance Term Loan is an unsecured personal loan used to finance consumer appliances and products (namely computers, printers, mobile phones, washing machines, refrigerators, cookers, LCD TVs, furniture) on a short-term basis through our partner vendors or dealers. Loans are available to customers earning a minimum net salary of 100 USD a month. Allows you to buy quality world-class branded consumer items through our vendors.

    What does it offer you:

  • Loans range from 120 USD to 10000 USD
  • Loan terms from 6 to 12 months
  • Maximum loan term tied to your retirement age
  • Competitive interest rates, fixed for the term of your loan
  • Facility fee of 2% of loan amount
  • Credit Life Insurance that covers permanent disability and death
  • Can be taken as a second unsecured term loan with us
  • Flexible repayment options through salary account with us or direct payroll deduction by employer.
  • What you need to apply:

  • Be a salaried employee permanently employed with employment confirmed
  • Be a salaried income earner working for any of our Workplace Banking Scheme companies
  • Earn a minimum salary of 100 USD a month
  • Be over 21 years and not more than 60 years on expiry of the term of your loan.
  • Choose product/s  from vendor’s shop or catalogue
  • Fill in a loan application and attach the following supporting documents:
  • Letter of Undertaking from employer
  • Pro-forma invoice from vendor/dealer
  • Statement of account from previous bank (new customers only)
  • Confirmation of current salary or pay slip
  • Give your filled in application form to a consultant at a branch/Executive Banker or PSC or vendor’s sales officer
  • Loan is approved subject to a positive report from credit bureau and amount is then paid to the vendor
  • You arrange for delivery of the product or items financed from the vendor.
  • Salary Advance Loans

    A Salary Advance is a personal overdraft tailored to meet the cash flow needs of customers who earn a salary. It is a cash bridging facility against your next pay cheque or salary credit. It is designed to help cover small but urgent unexpected expenses between pay days.

    What does it offer you:

  • An advance of up to 60% of your disposable net monthly salary (after all monthly loan deductions and commitments have been paid)
  • Minimum overdraft limit of 100 USD
  • Facility limit renewal subject to satisfactory account performance
  • Monthly pay back of used limit or a clean-up cycle of 30 days
  • Facility fee of 2% (minimum 50 USD) charged on approved limit and at each renewal
  • No maximum overdraft limit
  • Credit Life insurance premium of 0.84% on approved limit against death and permanent disability
  • Interest applies only on portion of overdraft used each month.
  • What you need to apply:

  • Work for any Eindhovenbank profiled organisation
  • Earn a minimum salary of 100 USD a month
  • Minimum salaried account relationship of:
    - One month - Workplace Banking Scheme companies/organisations
    - Three months – non-Workplace Banking Scheme companies/organisations
  • Customers with salaried Stanbic Current Account
  • Fill in a Personal Overdraft/Salary Advance application form and attach the following documents:
  • Statement of account from previous bank (new to bank applicants only)
  • Past three months’ payslips
  • Overdraft will be approved subject to a positive reference from credit bureau.
  • Eindhovenbank Home Loans

    A personal mortgage is for customers who want to buy or build their dream home and pay back their loan over a long term. To help you achieve this important life ambition, we offer various home loan solutions that enable you buy or build the property of your dreams.

    What does it offer you:

  • Home purchase: For the outright purchase of turnkey properties for primary accommodation
  • Developer construction: Purchase of residential properties from our preferred developers where property you want to buy is still under construction. We pay in stages to enable the developer to complete your dream home.
  • Employer Group Mortgage Schemes: Developer-based home construction on your land bought under organisation block lands schemes.
  • Equity release: Enables you to unlock the value in your existing property by taking a loan and using the cash released for a variety of personal needs, including the purchase of another home or prime land, business expansion or funding education.
  • Home improvements: Enables you to expand, remodel or renovate your existing property.
  • Refinancing: Our refinancing options include the following:
    i. Internal Refinancing: Enables you to arrange new financing terms such as currency, amount and term of your existing Stanbic Home Loan
    ii. External Refinancing: provides financing to take-over existing home loans from other financial institutions
    iii. Cash-Out Refinancing – enables you to access extra money if the value of your property has appreciated over the years.
  • Home improvements
    - We finance up to 80% of bill of quantities or pro-forma invoices.

    Interest rate
    Competitive variable interest rate in Ghana cedis, US dollars, GB pounds sterling or euro.
    Insurance
    On approval of your home loan, you need to take out compulsory life insurance and property insurance against fire and other perils.
    Facility fee of 2% charged on approved loan amount.

    What you need to apply:

  • Work for any Stanbic profiled organisation
  • Earn a minimum net salary of 1 USD to 500 USD a month
  • Be permanently employed
  • Be a high net worth individual considering buy-to-let options
  • Be over 21 years and under 60 years by the end of the loan term.
    · Fill in a Home Loan Application form and attach the following supporting documents:
    · Proof of income – past three months’ payslips
    · Proof of past two years’ employment
    · Proof of identity – passport, driver’s licence, National ID Cards
    · Proof of residence
    · Offer letter from developer (for Home Purchase, Developer Construction and Employee Mortgage Scheme)
    · Bill of quantities, building plan and permit (for home improvement and developer construction)
    · Property title documents (To begin title search)
    · A Valuation Report from one of our approved valuers will also have to be given to us
    · Loan will be approved subject to a positive credit bureau report
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