Loan up to GHS 10, 000

Salary workers (Loan Me):

• One of these:
  • Standing order first, clients required to set instructions with their bank to get CedisPay account credited and client account debited on an agreed schedule
  • Agreement with client employer to deduct at source
  • Auto deduction agreement to deduct loan repayment from mobile money account
  • Agreement with accountant general office to deduct at source
• Credit worthy person and a person who has the ability to payback the loan in case the customer defaults, to act as the guarantors of the loan for credit score below 80

• One of these:
  • Standing order first, clients required to set instructions with their bank to get CedisPay account credited and client account debited on an agreed schedule
  • Agreement with client employer to deduct at source
  • Auto deduction evidence or agreement to deduct loan repayment from mobile money account
  • Service: joint agreement to get proceeds from contracts paid directly to CedisPay
• Credit worthy person and a person who has the ability to payback the loan in case the customer defaults, to act as the guarantors of the loan for credit score below 80

If a customer does not have a credit score above 80 and is unable to provide a guarantor, CedisPay has the following alternative options:

• Post dated cheque
• Pension asset
• Insurance policy
• Accounts Receivable: This refers to the money that your business is owed by its customers. You can use accounts receivable as collateral by pledging them to CedisPay. The borrower must provide documentation of the outstanding invoices and proof of their customers' creditworthiness
• Intellectual Property: If your business owns patents, trademarks, or copyrights, you can use them as collateral for a loan. The borrower must provide proof of ownership and documentation of the intellectual property, such as registration certificates or legal filings
• Future Sales: A consistent flow of future sales can be used as collateral for a loan. To use future sales as collateral, the borrower must provide documentation of the sales amount, the specific customer who has committed to buying their product or service, and a pledge by the customer to send the payment directly to CedisPay. This collateral is suitable for a business that has a consistent customer base
• Stocks and Bonds: Cedispay can also accept stocks and bonds as collateral. The borrower must provide documentation of ownership and proof of the value of the securities, such as stock certificates or brokerage statements

Loan above GHS 10, 000

Loans above GHS 10,000 require collateral, We accept various forms of collateral, such as:

• Post dated cheque
• Pension asset
• Insurance policy
• Accounts Receivable: This refers to the money that your business is owed by its customers. You can use accounts receivable as collateral by pledging them to CedisPay. The borrower must provide documentation of the outstanding invoices and proof of their customers' creditworthiness
• Intellectual Property: If your business owns patents, trademarks, or copyrights, you can use them as collateral for a loan. The borrower must provide proof of ownership and documentation of the intellectual property, such as registration certificates or legal filings
• Future Sales: A consistent flow of future sales can be used as collateral for a loan. To use future sales as collateral, the borrower must provide documentation of the sales amount, the specific customer who has committed to buying their product or service, and a pledge by the customer to send the payment directly to CedisPay. This collateral is suitable for a business that has a consistent customer base
• Stocks and Bonds: Cedispay can also accept stocks and bonds as collateral. The borrower must provide documentation of ownership and proof of the value of the securities, such as stock certificates or brokerage statements