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Home General Banks That Give Car Loans in Ghana. Up to GHS 10,000

Banks That Give Car Loans in Ghana. Up to GHS 10,000

Car loans in Ghana.

Do you need a car for business (taxi) or personal use but don’t have enough money to purchase it? Then this article is for you.

Did you know that there are a couple of banks and financial institutions in Ghana that gives car loans for purchase or brand new or home used cars?

You can drive your dream car by getting access to the right auto loan with flexible terms and conditions.

In this article I am going to show you how to get a car loan in Ghana through the banks that offer such loans.

Share this article to all your friends and family who wants to buy their dream car.

Without wasting much time let’s start the journey.


Happy Auto Loan by Societe Generale Ghana.

This is is a loan facility given by the Societe Generale Bank Ltd. They make this possible by collaborating with registered car dealers in Ghana.

They offer this to qualified customers who want to buy a car but don’t have enough money.

You can use the loan to purchase a new or used car. Also, there are flexible repayment terms: you can be given up to 60 months to repay.

Someone may ask, how do I get this loan? Well, it’s simple. Follow the steps below.

  1. Select your choice of car (new or used) from any of their approved car dealers
  2. Request for an invoice from the car dealer and take it to any of the bank’s branches to begin the loan process.

Note: there are some basic requirements you must meet in order to qualify for a car loan from SG BANK. See them below.

  • You must be a salaried worker

For more information, visit any Societe General’s branch or call 0302 214 314

NIB Auto Link Loan.

This loan is provided by the National Investment Bank (NIB) to customers who want to purchase a brand new car.

They achieve this by partnering with auto companies in Ghana.

Successful applicants are required to contribute at least 20% of the total value of the vehicle.

Also note that the loan amount will be paid directly to the car dealer. All you need to do is to go for your choice of car.

To apply for car loan form NIB Ghana, visit www.nig-ghana.com or call 0302 428500.


Advans Ghana Auto Loan.

Advans Ghana offers clients the opportunity to own a car by giving them loans. You can use the car for private use, commercial purposes or transportation of goods.

They have no fixed auto loan amount; it depends on the price of the car being purchased.

Customers are given a flexible repayment schedule, possible grace period, competitive interest rate and flexible collateral.

To apply for Advans Ghana auto loans, click here.


Stanbic Bank Vehicle Financing.

Stanbic Bank Ghana offers vehicle financing options for both salaried and non-salaried workers.

This loan can be used to buy brand new or used car for personal or commercial purposes.

A minimum loan amount USD 10,000 (~ GHS 55,000) is giving to salaried, non-salaried and self-employed toward the purchase of a car.

Before you apply for this type of loan you need to meet the following requirements.

car loans ghana

  • Aged 21 years and under 60 years
  • Invoice from car dealer is needed
  • Pay slips of last three months
  • Letter of undertaking form employer
  • Photocopy of a valid identification card (travelling passport, Ghana card, voter’s ID, driver’s licence.
  • 2 recent passport size photographs
  • Bank statement of last six months

For more information about the requirement call

How to apply

Visit any Stanbic bank branch near you to begin the process. For more information please call……………. Or visit www.stanbicbank.com.gh


CalBank Auto Loan.

CalBank Ghana also makes owning your dream car easier by providing funds for the purchase of a new or used car. The bank pays up to 80% of the total charge (price) of the car.

You’re a given a period up to 60 months to repay the loan.

How to apply for CalBanks Auto Loan.

Before you start your car loan, make sure you’re an account holder and earns a minimum of GHS 500 monthly from the work you’re doing.

To apply, request for an auto loan form from any of the customer care providers in the bank.

  • Fill the form with the necessary details and submit for processing.                  
  • For more information visit calbank.net or call 0302680063


Final words.

Car loans are very lucrative credit facilities you can opt for. However, it comes with its own disadvantages.

Check the terms and conditions of the loan before you begin an application.

Make sure you have a reliable repayment plan

Insure the car comprehensively to cater for any damages in the future

Ask more questions and get clarification concerning the loan.


If you are not a salaried worker, it is recommended that you use the car for business or commercial purposes in order to repay the loan quickly.

Thanks for reading from CARS BOSS. Let’s meet in the next article. Cheers


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