DELAY IN LOAN PROCESSING
Please be informed that there will be delays in the processing of loan applications due to the overwhelming numbers we have and continue to receive daily. Our team is working diligently to process the applications but the sheer volume will not allow us to meet our current turnaround time for loan disbursements with our existing workforce.
Should the current trend persist, loans would be disbursed from four (4) to six (6) weeks upon receipt of applications at the Fund Secretariat. However, if the situation normalizes, we will revert to the previous turnaround time.
We acknowledge that the delay may be inconvenient for those who have submitted loan applications and we apologize for any inconvenience caused. We assure our members that we are doing everything we can to disburse loans to applicants as early as possible.
We count on your collaboration and support as we take steps to address this temporary challenge.
We appreciate your patience and understanding during this time. If you have any questions or concerns, please do not hesitate to contact the Fund Secretariat for assistance.
Thank you for your cooperation.
Requirements for loan application
Basic conditions for loans
GNAT membership
Six (6) months mutual Fund Contribution
Affordability (i.e. ability to service loan)
Total Contribution ≥ 10% of Loan Amount
Monthly Contribution of 1% (of loan approved) thereafter
Interest rate 16% per annum at reducing balance.
Ghana National Association of Teachers
Get a GNAT Get Personal Loan
Personal Loan of up to GHC 25,000.00
As a member of the Ghana National Association of Teachers, you qualify for various types of loans facilitated by the association for its members.
Basic conditions for loans
GNAT membership
Six (6) months mutual Fund Contribution
Affordability (i.e. ability to service loan)
Total Contribution ≥ 10% of Loan Amount
Monthly Contribution of 1% (of loan approved) thereafter
Interest rate 16% per annum at reducing balance
Requirements for personal loan
Personal Loan of up to GHC 25,000.00
DOCUMENTS REQUIRED
REMARKS
2 Passport Pictures
2 Current Passport Pictures
2 Mandate Form
Current with different mandate numbers
Valid National ID
Acceptable I.Ds are: Voters ID, Driving Licenses, NHIS, Passport and SSNIT Card
Payslip
Two months current payslip eg. March
Loan Application Form
Must be signed by applicant and Two DFC members
Authority Note
Must be signed by applicant
Loan Advance Form
Must be signed by District Secretary and endorsed by G.E.S Director.