Business loans are mainly targeted at businesses which reguire extra capital injection for expansion and to boost their profitability. These loans usually vary in usage from clearance of goods at the port, buying cars, buying of raw materials for production, to buying of stock for re-sale, among others.
To qualify for these loan, customers have to save with us for a minimum of 3 months. The performance of the business as reflected on the account usually determines how much the customer can take as a loan, usually 20% of the amount requested.
Customers who have not saved with us up to that period can also take instant loans under the same category with different insterest rates.
Any amount of GH10, 000.00 and above requires a collateral. The collateral is registered at the Collateral Registery at the customer's expense.
It usually takes a shorter duration to take a business loan depending on the readiness of the customer with all the necessary documents we require. Most customers use between one and two days to access to business loans in TI Microfinance Ltd.
We believe that our speed will help speed up the growth of your business
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+233 302 632 550
+233 265 664 953