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Atlantic Salary Advance

This product is intended to offer credit facilities to employees of blue chip companies approved by the Bank; with regular salaries who require financial assistance to meet urgent obligations before salary due dates.

  •   Obligor limit: Up to 70% of employee’s one month’s salary net of taxes and all deductions
  •   Global limit: GHS1,000,000. (One million Ghana Cedis)
  •   Tenor up to Ninety (90) days
  •   To support our customers who need support for short-term needs
  •   To grow Retail Assets on the Consumer Lending space

Atlantic Personal Loan

The product is designed to offer credit facilities to permanent salaried workers to finance personal needs. This product program is targeted at all permanent salaried workers who work for government such as doctors, judges, lecturers, teachers, nurses, etc. and Tier 1 customers in line with the Bank’s enlistment criteria.

  •   Obligor limit: GHS75,000
  •   Tenor: Maximum 48 months
  •   Facility Fee: 2 % flat on facility amount payable upfront
  •   Interest Rate : Base + Minimum of 5%.pa
  •   To support our customers who need support for short-term needs.
  •   To grow Retail Assets on the Consumer Lending space

Atlantic HiLife

This product is an asset finance loan which offers credit facilities to employees of companies approved by the Bank to part-finance the acquisition of personal assets.

  •   Maximum of 12 months as tenor
  •   Obligor limit: GHS 40,000 for household items and GHS 100, 000 for vehicles
  •   Interest Rate: (To be compensated by vendor’s discount of not less than 15%)
  •   Acquire assets on hire purchase
  •   Eliminating the need for large capital outlays

Payroll Loan

This product is a loan that offers credit facilities to government workers who are on the payroll of the controller and accountant general.

  •   Maximum of 48 months
  •   Repayment: From obligor’s monthly remuneration.
  •   Pricing: Interest Rate: Base rate plus maximum of 8.5% p.a.
  •   Customer would be able to acquire assets without pre-financing the purchase of these assets
  •   The Bank’s pre- financing of the bulk of the asset cost will reduce the pressure on the customer’s salary/income

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