Most Asked
Yes, SRF is licensed by the Bank of Ghana to provide loans and is also a member of MLAG.
SRF started operating fully in October 2015.
- Projects
- School fess
- Rent payment
- Medical bills
- Personal needs
- Emergencies
- Expand business
When the client meets our requirements, the loan request will be approved in less than 48hours.
The Customer will have to come to the office for loan disbursement.
Our repayment options are:
- Cash/cheque deposit to our bank Account
- Postdated cheques
- Bank transfer
- Direct debit
- Mobile Money
A grace period of 2 days is allowed from the repayment date. When the period is exceeded, Customers will incur penalties. SRF Micro Credit has the right to take any legal action to recover outstanding debts and report delinquent borrowers to the appropriate agencies and/or authorities.
Yes, customers can pay loans before the due time. In this case, customers pay half of the interest of the following month and the interest is cancelled for the remaining months.
Yes, Very soon SRF will open other branches in other parts of Accra.
Yes, customers can send their suggestions and complaints using our complaints and suggestion link.
Loan Requirements
- A copy of your letter of employment /contract or staff ID.
- Copies of your latest 3 Months payslips and Bank Statement prior to loan application.
- A passport size picture & a copy of any ID (Passport/ National ID).
- A Guarantor with either his/her latest 3 Months payslips or Bank statement, national ID, and passport size picture.
- A copy of any utility bill.
- Applicant must show his/her office to our loan officer.
- Applicant must submit postdated cheque(s).
- Loan term is from 1 month to 18 months and monthly repayment must not exceed 40% of the applicant net monthly payment.
- National ID and 1passport size picture each.
- Minimum of 3 members.
- Guarantee for each other.
- Visit to applicant’s residence and workplace.
- Applicants must be working in the same institution.
- A copy of your letter of employment /contract or staff ID
- Copies of your latest 3 Months payslips and Bank Statement prior to loan application.
- Be a permanent employee of the company.
- Loan term is from 1 month to 18 months and monthly repayment must not exceed 40% of the applicant net monthly payment.
- A Copy of any National ID (Passport for Foreigners).
- Collateral (TV flat screen, Laptop, Smart phone, Tablet, personal car). NOTE: All items must be in good condition and the value of the item must be at least double the amount requested.
- Loan term is from 2 weeks to 3 months.
- Disbursement of funds will be done within 24 hrs. NOTE: At the moment, loans are given to people who live in Accra, Tema, and Kasoa only
- Applicant’s ID card and passport size picture.
- Vehicle original documents.
- Vehicle to be parked.
- Transfer of car ownership if the amount is GH¢ 20,000.00 and above
- Some vehicles will need a mechanic examination if the amount is GHS 20,000 and above. (Management discretion)
- Car to be valued by a third party in case the amount requested is above GH¢20,000.00 (Management discretion)
- Customer to provide a guarantor if the amount is beyond GHS 20,000.00 and there is no transfer of ownership.
- Visit to client’s workplace and house if there is no transfer of car ownership.
- Maximum duration is 6 months.
- Copy of Business certificate.
- Copy of business tenancy agreement & AMA permit.
- A copy of applicants and guarantor’s ID and passport size picture.
- Provision of 6 months bank/momo statement for business.
- Collateral (vehicle) if applicable.
- Provision of 2 guarantors if there is no collateral and amount is more than Ghc10,000.00
- Visit to both guarantor and applicant’s residence and shop.
- Copy of tenancy agreement/AMA permit.
- Applicant’s ID and passport size picture.
- Provision of cashbook for business.
- Provision of 1 guarantor.
- Visit to both guarantor and applicant.
- Maximum amount is GH¢ 5,000.00
- Visit to both guarantor and applicant’s residence and shop.
NOTE: At the moment, business loans are given to people who have businesses around Lapaz and its environment only.
- Physical shop.
- ID and passport size picture.
- Tenancy agreement or AMA permit.
- Minimum of 3 members.
- 3 months maximum duration.
- GH¢ 5,000.00 maximum.
- Visit to applicant’s residence and shop/workplace.
NOTE: At the moment, business loans are given to people who have businesses around Lapaz and its environment only.