Susu Savings mobilizing deposits and bringing credits

SUSU

A convenient, secure and supporting savings product that enables you to increase your cash base and creating extra income.

 Features and Benefits:

  • It is a deposit account with the aim of accessing a loan facility. The loan amount to be approved is determined by the balance in the account and how regular the deposit has been.
  • You are given a loan which is equivalent to 100% more than your initial contribution with low interest rate.
  • The loan is payable in six (6) months.
  • Personal mobile banker.

TYPES OF SUSU

REGULAR SUSU

  • Daily fixed amount contribution for the period of one month
  • Withdrawals is allowed only at the end of the month of the contribution
  • Contributors have to leave a minimum of GHC 5 in the account
  • Charges one day’s contribution not exceeding GH¢20 and applied monthly
  • Contributors qualify for Susu loan based on assessment by the credit department after operating account for at least one month.

Requirements to operate this account:

  • A valid ID (passport, voters ID or driver’s license.)
  • 2 passport size pictures.
  • Proof of residential address (utility bill) or letter of introduction from employer.
  • Minimum deposit of GH5.00.

FLEX SUSU

  • Daily contributions of unspecified amounts.
  • No limitation on withdrawals.
  • Attracts monthly service fee of GHC 2.00.
  • Contributors qualify for Susu loans based on assessment by the credit department after operating the account for at least one month.

Requirements to operate this account:

  • A valid ID (passport, voters ID or driver’s license.)
  • 2 passport size pictures.
  • Proof of residential address (utility bill) or letter of introduction from employer.
  • Minimum deposit of GH5.00.

INVESTMENT PRODUCTS

AHENFO SUSU

  • Daily contributions of fixed amounts (minimum of GHC 5.00) for a period of three months.
  • Withdrawals are allowed after three months.
  • Attracts a competitive interest rate of 7% per annum.
  • Contributors qualify for a loan twice the balance of the account based on assessment by the credit department.

Requirements to operate this account:

  • A valid ID (passport, voters ID or driver’s license.)
  • 2 passport size pictures.
  • Proof of residential address (utility bill) or letter of introduction from employer.
  • Minimum deposit of GH5.00.