GNAT Loan Chart and the Types of Loans Available 2024
GNAT Loan Chart and the Types of Loans Available
Explore the GNAT Loan Chart and the types of Loans Available for 2024, including all new requirements.
There have been new initiatives put in place as many come for the loans and runoff.
Some include the Guarantor system.
Teachers Fund; New Loan Booklets and Updates 2024
GNAT Teachers Fund Changes in Loan Requirement Effective February 2024
Basic conditions for loans
GNAT membership
Six (6) months of mutual Fund Contribution
Affordability (i.e. ability to service loan)
Total Contribution ≥ 15% of Loan Amount
Monthly Contribution of 1% (of loan approved) thereafter
Change in Loan Requirements
Salary, allowance, and affordability Updates you don’t want to miss Follow here
GNAT Loan Interest Rate
Interest rate 16% per annum at reducing balance
How Long it takes for the Teacher Unions(GNAT,NAGRAT, CCT) to Process your Loan Now
Types of GNAT Loans and Amount
Personal Loan
Personal loan up to GHC 35,000 Click to see details.
DOCUMENTS REQUIRED | QTY | REMARKS |
Passport Pictures | 2 | Current Passport Pictures |
Mandate Form | 2 | Current with different mandate numbers |
Valid National ID | 2 | Acceptable I.Ds are: Voters ID, Driving Licenses, NHIS, Passport and SSNIT Card |
Payslip | 2 | Two months current payslip eg. March |
Loan Application Form | 1 | Must be signed by the applicant and Two DFC members |
Authority Note | 2 | Must be signed by application |
n Advance Form | 1 | Must be signed by District Secretary and endorsed by G.E.S Director |
Witness and Guarantors:
How to Generate Mandate Form / a mandate Number and pin
How to Check Your Affordability on CAGD Epayslip Portal
Habitat Loan
Habitat loan of up to GHC 60,000.00
DOCUMENTS REQUIRED | QTY | REMARKS |
Passport Pictures | 2 | Current Passport Pictures |
Mandate Form | 2 | Current with different mandate numbers |
Valid National ID | 2 | Acceptable I.Ds are: Voters ID, Driving Licenses, NHIS, Passport and SSNIT Card |
Payslip | 2 | Two months current payslip eg. March |
Loan Application Form | 1 | Must be signed by the applicant and Two DFC members |
Authority Note | 2 | Must be signed by applicant |
Loan Advance Form | 1 | Must be signed by District Secretary and endorsed by G.E.S Director |
Site Plan | 1 | |
Indenture | 1 |
Witness and Guarantors:
Investment Loan
Investment loan of up to GHC 50,000.00
DOCUMENTS REQUIRED | QTY | REMARKS |
Passport Pictures | 2 | Current Passport Pictures |
Mandate Form | 2 | Current with different mandate numbers |
Valid National ID | 2 | Acceptable I.Ds are: Voters ID, Driving Licenses, NHIS, Passport and SSNIT Card |
Payslip | 2 | Two months current payslip eg. March |
Loan Application Form | 1 | Must be signed by the applicant and Two DFC members |
Authority Note | 2 | Must be signed by applicant |
Loan Advance Form | 1 | Must be signed by District Secretary and endorsed by G.E.S Director |
Certificate of Registration/Certificate of incorporation/Business Proposal | 1 | Must provide any of the following business documents |
Proforma Invoice | 1 |
Witness and Guarantors:
Vehicle Loan
Vehicle loan of up to GHC 70,000.00
DOCUMENTS REQUIRED | QTY | REMARKS |
Passport Pictures | 2 | Current Passport Pictures |
Mandate Form | 2 | Current with different mandate numbers |
Valid National ID | 2 | Acceptable I.Ds are: Voters ID, Driving Licenses, NHIS, Passport, and SSNIT Card |
Payslip | 2 | Two months current payslip eg. March |
Loan Application Form | 1 | Must be signed by the applicant and Two DFC members |
Authority Note | 2 | Must be signed by applicant |
Loan Advance Form | 1 | Must be signed by District Secretary and endorsed by G.E.S Director |
Proforma Invoice | 1 | Must provide Proforma Invoice of Vehicle |
Valuation Certificate | 1 | Must provide Valuation Certificate of Vehicle preferably from STC |
Witness and Guarantors:
Loan Refinance
According to the Union, one does not have to complete serving a particular loan before coming for another, after paying for some time, provided you get an available affordability you can still come and apply for refinance and recalculation will be done for you to take a new loan.
You can also come for another loan in a different category provided you have affordability. For instance, you can go for a Personal loan, and later go for a habitat loan as well provided you have the affordability.
How to Apply for a GNAT Loan
Go to the Secretariat for a form, and Apply.
For emergency Loans
For Emergency Loans, go for the forms, Apply, and Prompt the Chairman or the secretary to fast-track it for you, especially if it is a medical emergency.
GNAT LOAN CHART
New Repayment Chart GNAT
FACEBOOK SEEKERS NEWS GH
Salary, allowance, and affordability Updates you don’t want to miss Follow here
[…] GNAT Loan Chart and the Types of Loans Available 2024 […]