Skip to main content
  • banner3
  • banner4
  • banner5
  • banner6
  • banner8
  • banner11
  • banner12

Rent Advance Loan

The Rent Advance is a loan facility designed to assist individuals to pay rent advances and tenants to pay their rents.

Features

Simple to arrange

Available strictly for rent payments

Loan amounts:GH¢100 to GH¢500

Repayment terms: Min.: 1month & Max.: 6months

Interest rate is fixed

Service charge

Disbursement periods: Within 10 working days

You can repay in any of the three ways:

(a) Collection

You don’t have to leave your business to repay a loan, we will come for it.

(b) Self Deposit

Take full charge of your finances and deposit loan repayments directly to

your account in any SIL BANC CAPITAL Branches.

(c) Employer Remittance

The Employer will deduct monthly installment from your salary and write a

cheque to us for the month’s installment.

Benefits

You can set repayments to suit your budgeting

Ease the burden of parent(s) or guardian(s) making immediate huge lump sum payments to schools and

institutions for their wards.

Eligibility

Parent(s) and Guardian(s) having a Meba School Fees Savings Account

How To Apply

Complete the relevant application

Two passport size photographs of both the applicant and a guarantor to be submitted together with the

application form.

Provide evidence of identity such as a Driving License, Voters ID Card, Valid Passport and NHIS ID

Produce a copy of tenancy agreement