BidvestGhana_products | Bidvest Microfinance Ltd.

Bid Save (BS)

This product is a savings account geared towards all levels of income earners and the flexibility of access to your money anytime. Has an attractive interest rate of 3% per annum. You can save towards anything, it is achievable.

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Bid Personal Loan (BPL)

Personal Loans are given to individuals who need cash to sustain their day-to-day consumption of basic necessities (as they await receipt of their monthly salaries or remittances from family and friends abroad.) Additionally, individuals who need cash towards rental and other settlements can also access this loan. Personal loans can be accessed by individuals in both public and private institutions where deduction will be at source or by issuing post-dated cheques.

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Bid Auto Loans (BAL)

Auto loans are intended to provide micro-entrepreneurs and individuals with the opportunity to own or work with their own vehicle. With this product, a person can select a car model of his choice, submitting the model quotation to Bidvest, who would then purchase, register and insure the vehicle. Bidvest would hand over the vehicle to the person, who either works with it or uses it for personal use, making a regular payment towards the value of the vehicle (Loan Amount and interest). Once the person completes the required payments, title to the vehicle would be passed onto him/her, in accordance with the contract’s conditions.

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Bidvest Business Loan (BBL)

This loan is to support businesses that need cash urgently to augment their inventory, enabling them to take advantage of profitable market opportunities. The amounts that can be accessed as business loans depend on, among other things, applicant’s business cycle, net assets and cash flows.

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Public Sector Loan (BPSL)

This is Bid product designed to suit regular or salaried workers who are paid through the controller and accountant general’s department. Payment is done through source deduction with the controller. Applicant should be confirmed. No guarantor is required. Rate is very competitive and can be accessed up to 72 months.

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Bid Police Loan (BPOL)

It is a product designed for all personnel employed and paid by the Ghana Police service. Applicant should be confirmed. No guarantor is required. Rate is very competitive and can be accessed up to 36 months.

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Bid Group Loans (BGL)Group loans

Seek to address the challenge of being ignored by banks because their borrowings are usually too small, by giving loans to a group of five to ten adults. A genuine, reliable group of five to ten people can apply for a loan which would be divided among them according to their financial needs and ability to repay. The minimum amount that any group member could access is GH₵ 500.00 and that group members shall guarantee for one another, thereby making them jointly and severally liable.

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Bid Asset Finance Loan (BAF)

Commonly called ‘ Use now pay later’, a client is able to choose from a range of electrical appliances and kitchen accessories with our partners Electroland Ghana (Samsung, Nasco and Midea) and TCL. Customers can make a payment from their monthly salaries or remittances from family and friends abroad. BAF can be accessed by individuals in both public and private institutions where deduction will be at source or by issuing post-dated cheques.

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Bid Local Purchase Order Loan (BLPO)

This product is targeted towards individuals and small companies, who serve as intermediaries and have been contracted by reputable and well-established firms to perform duties such as the supply of goods and materials, construction and consultation works etc. on their behalf.

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