Customers of GCB Bank Limited are to benefit from the disbursement of more loans to finance their projects and personal needs under the Bank’s 24 Hour Personal Loan Scheme.
Apart from new personal loans to customers, salaried workers who have repaid 50 percent or more of their current loans under the 24 Hour Personal Loan are eligible for a top-up facility.
The Bank has also waived charges on early settlement of existing personal loans.
Disbursement of loans under the new arrangement will be within 24 hours of the submission of completed application forms.
GCB Bank has been recording increases in its loan portfolio from GH¢450 million in 2011 to GH¢2 billion.
The growth, which represents approximately 300 percent was as a result of the bank’s capacity to broaden its lending market and the need of customers for express loans 24 Hour Personal Loan.
The Bank anticipates higher growth in the future due to its enhanced technology, an introduction of new products and services, expansion of its branch network.