EPP enables employees to source for unsecured loan facilities from us. Employees applying this facility need not have an account with uniBank. No guarantee is required for this facility. All uniBank requires is an undertaking from ones' employers to deduct repayments at source on monthly basis and pay to uniBank.
Benefits
- Enables beneficiaries to cater for their myriad needs
- Companies enjoy the goodwill of employees, their most important asset
- It is a free addition to the staff benefits package of companies
- Companies do not need to commit their cash resources through the granting of staff loans
Conditions
- The employee must be enjoying a minimum monthly salary of GH¢50.00
- Interest is at uniBank's prime rate plus a margin determined by the bank
- Repayment is between a minimum of three (3) months to thirty-six (36) months.
- All uniBank requires is one's company undertaking to deduct repayments at source and pay to uniBank for the duration of the loan.
- Beneficiaries are required to take Credit Life Insurance cover. The bank will arrange this. The premium may be added to the Loan amount and amortized (on annuity basis) over the life of the loan.
- In the event that the beneficiary ceases to be an employee of the employer for any reason whatsoever, the employer shall advise the Bank of such termination.
Contact any of our branches and we would be pleased to assist you.
