Which bank has the lowest loan rate in Ghana?

Which bank has the lowest loan rate in Ghana?

A Bank of Ghana report has shown that the Standard Chartered Bank offered the least interest rates on loans for both households and enterprises. The bank offered rates of between 14 – 42% for households, agriculture and the manufacturing sectors of the economy.

Who owns Greenfield Banking?

Greenfield Bancshares, Incorporated
They can be financial and non-financial companies. Greenfield Banking Company is a subsidiary of a single-bank holding company called Greenfield Bancshares, Incorporated.

What is the interest rate on GCB loans?

GCB Bank has reduced interest rates on personal loans from 26 per cent to 24 per cent per annum with immediate effect. The Bank has also granted a two-month moratorium on both the principal and interest repayment on personal loans.

Which bank has the lowest interest rates in Kenya?

Cheapest Bank loans in Kenya

  1. Central bank of Kenya. The central bank of Kenya (CBK) has the benchmark as the best lender with 9% interest rate.
  2. Victoria Bank. This is one of the cheapest banks that offer loans at a subsidized rate.
  3. KCB.
  4. National Bank of Kenya.
  5. HDFC Bank.
  6. Stanbic Bank Kenya.
  7. HF Group.

Which bank gives the best interest rate in South Africa?

Overall Best Fixed Deposits Rates for 2021

Ranking Institution Effective Rate %
1 Nedbank 10.60
2 Standard Bank 10.55%
3 African Bank 10.50%
4 Capitec Bank 8.84%

What is the current loan rate in Ghana?

Ghana: Markets

Reference Previous
Stock Market Index 27 Oct 2021 2,856
Money Market Rate Jun 2021 13.57
Treasury Bills (over 31 days) Jun 2021 12.38
Lending Rate May 2017 23.5

What is the interest rate of GCB on savings account?

The interest rates for a GCB savings account are as follow: 1. The Flexsave account attracts an interest rate of 4% per annum. The interest rate does not change, but you can change your depositional amount to earn more at the end of the year.

What is a Greenfield bank?

Greenfield: A New Approach Transforming the business and technology of a corporate bank is slow, costly and complex. Greenfield is an attempt to break free from the constraints of existing systems, business models and talent models. It is a lower cost, faster way to get new propositions into the market.

What banks are in Greenfield Indiana?

The Best 10 Banks & Credit Unions near Greenfield, IN 46140

  • Star Financial Bank. 1.7 mi.
  • Family Horizons Credit Union. 1.4 mi.
  • GBC Bank – Downtown Office. 0.6 mi.
  • Union Savings and Loan Association. 1.1 mi.
  • PNC Bank. 1.1 mi.
  • First Merchants Bank. 1.4 mi.
  • Chase Bank. 1.7 mi.
  • Fifth Third Bank. 1.2 mi.

What is the current lending rate in Ghana?

Ghana: Markets

Reference Last
Stock Market Index 27 Oct 2021 2,851
Money Market Rate Jun 2021 12.88
Treasury Bills (over 31 days) Jun 2021 12.26
Lending Rate May 2017 22.5

How is interest calculated on a loan?


  1. Divide your interest rate by the number of payments you’ll make that year.
  2. Multiply that number by your remaining loan balance to find out how much you’ll pay in interest that month.
  3. Subtract that interest from your fixed monthly payment to see how much in principal you will pay in the first month.

Share this post