Step-by-step Guide on Documents to Upload - Business Loans

At CedisPay, we understand that applying for a business loan can be a daunting task, which is why we have put together a step-by-step guide to help you prepare the required documents from the comfort of your home. Here are the documents you will need to provide for a CedisPay business loan application:

  • Valid Ghanaian national ID (Ghana Card) If you don't have a Ghana Card, you can apply for one online through the Ghana Card website. The application process requires you to provide personal information and book an appointment to verify your identity at a registration center. You will receive your Ghana Card via mail after the verification process.
  • Proof of current address: You can obtain a recent utility bill by visiting the website of your utility provider, such as your electricity or water company. Most utility companies have an online platform where you can view and download your bills. You can also use a digital copy of your rent agreement or municipal taxes as proof of your address.
  • Proof of income: You can obtain a mobile money statement that shows steady business activities for the last three months by logging into your mobile money account and downloading the statement. Make sure the statement shows transactions related to bills, business inventory, business expenses, loan repayment, business income, and any other regular income.
  • Valid mobile money number: If you don't have a mobile money account, you can register for one online or by visiting a mobile money agent near you. Make sure to use your legal name when registering, as this will be the name that appears on your mobile money statement.
  • Document that shows you've existed in your current business location for at least three months: This could be a recent business permit license, utilities, rent, or municipal taxes. You can obtain these documents by visiting the respective government agency's website or contacting them via email. Some government agencies also allow you to make payments online, so you can obtain a digital receipt as proof of payment.
  • Proof of payment for recent bills, loans, or rent: You can obtain a bank statement or mobile money statement that shows you pay for after consumption services such as loans from other financial institutions, utilities, rent, association dues, postpaid services like TV, internet, and mobile phone, retail or wholesale installment, and tax payment. You can download the statement from your bank or mobile money account.
  • Guarantor (if applicable): If your credit score from the CedisPay pre-approval calculator is below 80, you will need a guarantor with a good credit history. The guarantor will need to provide their personal information, ID, and proof of income. They can obtain these documents following the steps outlined above.

To make the process even easier for our customers, we have provided links to the relevant government agency websites and utility providers on our website. We also have an online tool that helps you calculate your loan eligibility and estimate your monthly payments. By following these steps and using our resources, you can prepare your required documents and apply for a CedisPay business loan from the comfort of your own home.

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