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The HFC Christmas Loan Sales is an exciting personal loan offer (specifically Salary and Auto Loans) targeted at our existing customers and new customers during the last quarter of 2017. If you earn regular income then this offer is just for you.

This is a good time to start planning on how you are going to fund the festive period. We all know the best way to finance Christmas is to plan ahead and save for it, However, sometimes it’s not always possible. That is why we have introduced this Loan Sale at this time of the year so you can take advantage of and achieve all your wish list.

Loan Types

  • Personal loan
  • Vehicle Financing Loan

Why you should apply

  • Get up to 12 times your income as Personal loan
  • Enjoy the lowest interest rate on the market (15% – 15.25% depending on your income Profile).
  • Enjoy an early bird loan interest reduction of 0.25%
    NB: For platinum and gold applicants only – Please refer to the personal loan qualification table below.
  • Get 24 hours turnaround time
  • You have the opportunity to top up your existing loan with us
  • You also have the opportunity to consolidate your loans with us (transfer from other Financial Institutions)
  • Enjoy longer repayment period – (72 – 48months depending on your income profile)
  • Enjoy loan deduction holiday (Moratorium)
  • Moratorium:  Employees paid through the Accountant general department have 3 months moratorium before loan repayments start. That is to say, you take a loan today and you start paying in three months time. Private and other employees have one month moratorium.


Added Benefit

You stand the chance of winning for yourself Samsung Television, Smart Phone, smart watch and other exciting freebies

Targeted Customers

  • Salaried employees of both Public & Private Sectors
  • High Net worth Individuals
  • Corporate CEOs and Directors
  • Senior and Middle Level Management and other Professionals.


Personal Loan Qualification

Income Profile Income Bracket (GHC) Maximum Loan Offer

Interest Rate
(Flat Rate)

Repayment Period (in Months)
Platinum ≥10,000 12x Net income 15% 72
Gold 7,000 to 9,999 10 x Net  income 15% 60
Silver 3,000 to 6,999 10 x Net  income 15.25% 48
Bronze 1,200 to 3,000 10 x Net  income 15.25% 48


Vehicle Finance Loan Qualification

Types of Vehicles

  • For brand new Vehicles
  • Vehicles with manufacturing year not above 4 years
Conditions Details
Maximum of Loan Brand New Vehicle               85% of cash price for new vehicles
Vehicle age 1 –  4 years         75% of cash price for vehicles aged 1-4 years
Interest rate Tied to the income category of the salary loans
Maximum. Tenor Brand New Vehicle                  60 months
Vehicle age 1 –  4 years            36 months
Security 1.     Irrevocable assignment of borrower’s salary
2.     Legal charge over the vehicle being financed
3.      Comprehensive insurance over the vehicle with HFC named as loss payee


Christmas Loan Qualifications Conditions

  • The Facility is available to only permanent employees with at least two years employment with the employer.
  • The customer should not be above the statutory retiring age except for Article 70 Office Holders
  • Salary payment to be routed through HFC Bank Ghana
  • Satisfactory credit checks.
  • No criminal record.
  • Life and Disability Insurance.
  • Undertaken from Employer (Click here to download Sample)
  • Guarantors will be required
    NB: Platinum applicants will not require a guarantor.



Requirement for Guarantors

  1. Qualified Personalities – Guarantors
    • Should be in stable employment (No contract/temporal, probation)
    • Equal or higher income levels than the income of the borrower
    • Preferably a Professional (i.e. Accountant, Doctor, Banker, Clergy, Engineer, Lawyer, etc.)
    • A family member (excluding a nuclear family member).
    • Co-workers with higher income than the income of the borrower.
  2. Disqualified Personalities – Guarantors
    • Persons with poor credit history
    • Unemployed

Download the Form