Management and Staff Loans
This is a facility offered to Management and staff members of entities that are GCB customers. The facility is intended to help the employees secure loans for their welfare and personal needs.
The Institution applies for the bulk facility from the Bank on behalf of their permanent employees.
- Accessible to both customers and non-customers of the bank
- Loan is approved for staff based on the Bank’s personal loan processes
- Facility is granted between 6months and 60 months
- Bulk repayment for all staff is made to the Bank at the end of every month.
- Interest rate is slightly lower than Personal Loan
Benefits to Customers:
Institutions are able to help improve the personal living conditions of their staff
- Win more customers to the Bank as some staff of the institutions are switched to GCB
- Deductions for repayments are done from source that reduces defaults rates.