Are you a teacher in Ghana seeking affordable loans to take care of your personal needs, invest in a business, build a house, or buy a dream car? If you answer yes to any of these questions, then consider the 4 types of loans GNAT offers teachers, which have very low-interest rates.
The 4 types of loans GNAT offers teachers are personal loans, habitant loans, investment loans, and vehicle loans.
What are the requirements for each of these loan services?
Requirements for the GNAT teachers’ Personal loan
The first of the 4 types of loans GNAT offers for teachers is the personal loan. A teacher who qualifies can secure a Personal Loan of up to GHC 25,000.00
As a member of the Ghana National Association of Teachers, you qualify for various types of loans facilitated by the association for its members.
Basic conditions for loans
- GNAT membership
- Six (6) months of mutual Fund Contribution
- Affordability (i.e. ability to service loan)
- Total Contribution: ≥ 10% of Loan Amount
- Monthly Contribution of 1% (of loan approved) thereafter
- Interest rate: 16% per annum at reducing balance
| Personal Loan of up to GHC 25,000.00 | ||
| DOCUMENTS REQUIRED | QTY | REMARKS |
| Passport Pictures | 2 | Current Passport Pictures |
| Mandate Form | 2 | Current with different mandate numbers |
| Valid National ID | 2 | Acceptable IDs are: Voter ID, Driving Licences, NHIS, Passport and SSNIT Card |
| Payslip | 2 | Two months current payslip eg. March |
| Loan Application Form | 1 | Must be signed by 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 |
Requirements for the GNAT Habitat loan: How to get a GNAT Habitat Loan
A GNAT member who meets the basic requirements can get a Habitat Loan of up to GHC 50,000.00
As a member of the Ghana National Association of Teachers, you qualify for various types of loans facilitated by the association for its members.
Basic conditions for loans
- GNAT membership
- Six (6) months mutual Fund Contribution
- Affordability (i.e. ability to service loan)
- Total Contribution ≥ 10% of Loan Amount
- Monthly Contribution of 1% (of loan approved) thereafter
- Interest rate 16% per annum at reducing balance
| Habitat 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 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 | |
Requirements for the GNAT Investment Loan: How to get a GNAT Investment Loan
Qualified GNTA members can secure an Investment Loan of up to GHC 40,000.00
As a member of the Ghana National Association of Teachers, you qualify for various types of loans facilitated by the association for its members.
Basic conditions for loans
- GNAT membership
- Six (6) months mutual Fund Contribution
- Affordability (i.e. ability to service loan)
- Total Contribution ≥ 10% of Loan Amount
- Monthly Contribution of 1% (of loan approved) thereafter
- Interest rate 16% per annum at reducing balance
| Investment Loan of up to GHC 40,000.00 | ||
| 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 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 | |
Read: Documents Needed To Apply For 2024 GES Recruitment – Step By Step
Requirements for the GNAT Vehicle Loan: How to get a GNAT Vehicle Loan
Get a GNAT Vehicle Loan of between GHC50,000 and GHC 70,000.00
The GNAT Vehicle Loan is worth GHC 70,000.00
As a member of the Ghana National Association of Teachers, you qualify for various types of loans facilitated by the association for its members.
Basic conditions for loans
- GNAT membership
- Six (6) months mutual Fund Contribution
- Affordability (i.e. ability to service loan)
- Total Contribution ≥ 10% of Loan Amount
- Monthly Contribution of 1% (of loan approved) thereafter
- Interest rate 16% per annum at reducing balance
READ: Salary Of The Highest Paid GES Teacher In 2024
| 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 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 |
GNAT Vehicle Loan worth GHC50,000
| Habitat 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 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 | |
This is the last of the 4 types of loans GNAT for teachers.