Savings and Investment Packs

The Ambitious Savings Plan is a traditional savings account backed by a current account that allows customers to save towards an ambition e.g. school fees, rent, purchase of a car, building, etc. Customers issue a standing order instruction from their current account to the ambitious savings account for a 12-month duration. At the end of the 12-month period and a 12 regular payments, the customer can benefit from a facility to finance a project (ambition). The loan amount is up to twice the amount accumulated.
  • Benefits

     

    Realize your ambition
    Earn attractive interest on your deposits
    Access a loan
    Affordable and flexible repayment
    Loans competitively priced

    FEATURES

    savings

    The account should be backed by a current account
    Customer should have saved for 12 consecutive months to be eligible for a facility
    Standing order amount is determined by the customer (minimum amount is GHS25)
    Withdrawals are not allowed on the account
    Savings account cannot be terminated before repayment of loan
    Customer can change the amount of their standing order only after repayment of loan.

    Loan

    The loan amount is equivalent to twice the amount saved and with a maximum Debt to Service Ratio (DSR) of 45% (whichever is lower).
    Maximum loan amount is GHS 250,000
    Maximum loan duration is 60 months
    The customer can start another Ambitious Savings Plan while benefiting from the loan.
    Ambition Insurance will be taken to insure against disability or death.

     

Documents to produce:

 

1 passport size picture proof of identity (Voters’ ID, Drivers’ license, etc…)

Proof of address (Utility bill, tenancy agreement, directional map, etc…)

Letter of Undertaking and/or Scheme agreement

Last three pay slips and/or six months’ bank statements (when applying for a loan for the first time)

Copies must be supported by originals for verification.

Our Process

Self-service Banking

1. USSD Mobile Banking

Bank securely anytime and anywhere without cellular data or an internet connection. Dial *716#

2. Online Banking

Online banking is a user-friendly platform that allows you to access and transact on your accounts online, 24 hours a day, 7 days a week.

3. ATM Banking

Our ATMs allow you to access your funds, transfer between your accounts, make cash deposits to any Stanbic account, make withdrawals with or without a card 24 hours a day without visiting a branch

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