Appropriately compliant as a non-deposit-taking, no upfront fee direct lender, to accommodate our responsible, innovative and creative financing strategies within certain parameters - in filling the void left by traditional bank lending and in providing a crucial source of capital for small- and medium-sized businesses and other creditworthy borrowers.
Key Considerations
• Code of conduct and
• Standardised interest rate and fee disclosures
• Treating Customers Fairly
• Non-predatory lending practices
• Effective risk assessment and management
• Principles of transparency and accountability: transparent pricing and terms
• Responsible underwriting and lending
• Non-discriminatory, credit access, and fair collection practices
• Repayment Assistance Programmes
Rate refers to the level of interest charged by a lender, and is usually expressed as an Annual Percentage Rate (APR).
When you borrow money, the lender makes a charge known as interest. For example, if you borrow ghs100 at an interest rate of 10% for one year, you would have to repay ghs110 at the end of the year. We offer one of the most competitive interest rates on the market and we offer the same rate to all our customers. We won't advertise one rate and ask you to pay another.
Balance being put towards the purchase price of the property by the applicant, which makes up the difference between the mortgage and purchase price.
Credit is money borrowed from a bank or credit provider on the condition that it’s paid back in accordance with the agreement. Types of credit include loans, both secured and unsecured, credit cards and pawnbroking.
A bank or company, which lends you the money.
