How to Get up to GHS 200,000 Loan from GCB

By | April 22, 2023

Loans are only effective if you get the right amount that you needed. Let us look at how to get up to GHS 200,000 loan from GCB.

Ghana Commercial Bank (GCB) is one of the leading financial institutions in Ghana, offering a wide range of financial services to individuals and businesses. This bank has been around since 1953 and is therefore one of the oldest banks in Ghana.

If you are in need of a substantial amount of money, then GCB may be able to help you out with a loan of up to GHS 200,000. In this article, we will explore how to get up to GHS 200,000 loan from GCB in Ghana.

The bank offers a variety of loan options including:

  • Easy pick loan (Which is also a Buy Now Pay Later option)
  • 24-hour personal loan
  • Employee scheme loan for businesses
  • Gain More Promo (a limited offer)

How to Get up to GHS 200,000 Loan from GCB

Taking such a huge amount of money in loans is not easy for other banks. However, GCB is willing to even give more than that in loans. In an ongoing promo flyer published by GCB, salary account owners can get up to GHS 300,000 in loans. Take a look at the flyer below.

Loan from GCB

When we talk about taking alone, there are certain things GCB checks before issuing a lone. These are set requirements you have to meet before getting approved for a loan.

GCB requires that you meet certain criteria to qualify for a loan. You need to be a Ghanaian citizen or a permanent resident, be at least 18 years old, have a valid ID card, and have a source of income. Usually, GCB uses your salary account history as well as your credit history. If you believe you qualify for a loan, then follow the procedure below to apply.

Prepare your documents

When it comes to loans, banks are very particular about the documents you provide. If you believe you have what it takes to get a loan, you will need to gather the required documents.

These typically include your ID card, proof of income, and bank statements. You may also need to provide collateral, such as landed property. Usually, banks do not accept vehicles as collateral.

If you are unsure of which documents to provide, you can contact GCB for more information. You can also use the live chat app on the official GCB Ghana website.

Visit a GCB branch and apply

Gather all the required documents and visit the GCB branch with them. Also, make sure all your documents have both the original and another copy.

You can find the nearest branch to you by visiting the GCB website or using the GCB mobile app. When you visit the branch, you will be assigned a loan officer who will guide you through the loan application process.

The application involves two processes which are the actual application process and the approval process.

  • Application
    The loan officer will give you a loan application form to fill out. You will need to provide your personal information, including your name, address, and contact details. You will also need to provide details about your income and employment. Make sure you fill out the form accurately and completely. Also, make sure you read the agreement carefully and understand the terms and conditions of the loan before you sign them.
  • Approval
    After you submit your loan application, you will need to wait for the approval. The loan officer will review your application and determine if you are eligible for the loan. Sometimes, this process takes some days since your collateral property will have to be confirmed. In rare cases, you could get approved for a loan on the same day.
    If you are approved, the loan officer will inform you of the loan amount, interest rate, and repayment terms. Make sure you read these terms before you sign them.
    As soon as you sign them, you should be assured that your money will be disbursed into your account.


Getting a loan of up to GHS 200,000 from GCB in Ghana is possible if you meet the eligibility criteria, gather the required documents, fill out the loan application form accurately, and sign the loan agreement. If you need further assistance, you can contact GCB customer service or visit a GCB branch near you.

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