What it means for you
Financing solutions for government workers
This loan package provides customized short-to-medium-term financing to the unique needs of public sector employees. It is flexible and available to all eligible civil servants whether or not they hold a current account with CalBank.
What it means for you
Empowering Public Servants, Enabling Dreams
Special Loan package is designed to address the short to medium term financing needs of public sector employees. It is flexible and convenient, and one needs not to be an account holder to access this facility!
Government Employee Loan
Achieve your dreams before retirement with our loan for civil servants.
- Repayment period is six (6) months (minimum) to sixty (60) months (maximum).
- Debt burden ratio is 50% (maximum) of net monthly income
- Pricing: GRR + Agreed Risk Premium.
- Personal insurance cover against death and permanent disability during the tenor of the loan.
- Loan repayment is by annuity, with the same amount paid every month.
- More loans can be accessed in addition to running ones if only customers do not exceed maximum debt burden ratio.
- Interest is charged monthly
- Early repayment without penalty
- No monthly account keeping service charges
- Applicant should be in active service and should fall between the ages of 18 – 53 years.
- The minimum net renumeration or disposable income is GHS3,000.
- Salary must be domiciled with CalBank for at least one (1) month with a six (6) month bank statement from previous bank
- Minimum facility limit is GH¢2,000.00
- Maximum facility limit is GH¢500,000.00
- Target market is government employees on Accountant General’s payroll
- Source of repayment is client’s salary
- Applicant must complete loan application form
- One passport-sized photo
- Proof of address
- Personal identification – Ghana Card only
- Introductory letter from employer
- Payslips for the previous three (3) months
