Loan

Commercial Loan

At South Akim Community Bank Plc, we understand that access to capital is essential for running and growing a successful business. Our Commercial Loan facility is tailored to meet the financial needs of small, medium, and large businesses across various sectors.
Whether you need working capital, funds for expansion, we’re here to help you.

How to Get Started?

Steps needed to complete the process.

1

Apply

Required to write an application letter.
2

Verify Your ID

Come along with your Ghana ID card.
3

Enjoy!

Confirm the details, submit and you're done.
My bank, Our Bank

Get a Commercial Loan Today!

The Commercial Loan Facility is designed to support businesses with the financing they need to expand operations, increase productivity, and sustain growth. Whether you are a trader, entrepreneur, or small-to-medium enterprise, South Akim Community Bank Plc provides flexible and reliable credit solutions.

  • Provides capital for business expansion and restocking.
  • Improves cash flow for sustainable growth.
  • Competitive and transparent interest rates.
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Take a Closer Look

  • Overdrafts & Loan Facilities These are overdrafts and loan facilities granted to individuals, corporate bodies, enterprises and others in active business.
  • Loyal Customer Applicant should be a customer and operate an active account for a period not less than six (6) months.
  • Guarantors An applicant should provide at least two (2) Guarantors who are customers of the bank.
  • Collateral Applicants can use a landed property and cash lien of 25% - 30% to secure their loan
  • Equity Applicant will need to provide at least 20% equity contribution.
  • Payment Duration Repayment should be on monthly basis and not exceed twelve (12) months.

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Credit is subject to status, affordability and terms and conditions. At the end of any promotional period, balance transfers and purchases will revert to the standard variable rate. Earn Reward points on eligible purchases you make.

  • No monthly maintenance fee, no minimum balance
  • Paper checks and every digital feature
  • $0 Maintenance Fee
  • No Interest Bearing
  • Interest bearing
  • Discounts on checks
  • Waivable Monthly Maintenance Fee
  • No Fee ATMs
  • $18 Maintenance Fee
  • Yes Interest Bearing
  • Relationship rates and discounts
  • Automatic daily sweeps to savings
  • Premium management and investing services
  • Financial management and our best standard rate
  • $25 Maintenance Fee
  • Yes Interest Bearing
Have Any Quastions?

Top Questions People Ask Us

Got a question about how we’re organised, or looking for financial or shareholder information? View more Q&A here

A savings account is designed for saving money and earns interest. A current account is for daily transactions and may not earn interest.

You usually need valid ID, proof of address, and a minimum deposit. Visit any branch of South Akim Community Bank Plc.

A bank statement is a summary of all your account transactions over a certain period, usually monthly.

Visit a branch with valid ID for update.

A regulatory requirement where banks verify the identity and address of customers to prevent fraud and money laundering.

Agric loan, salary advance loan, salaried workers loan, commercial loan.

Still have questions about services?

Ready to get started?