Business Loan
This loan is to support businesses that need cash urgently to augment their inventory, enabling them to take advantage of profitable market opportunities.
01
Bid Personal Loan
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.
02
Bidvest Business Loan
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.
03
Bid Save
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 anum. You can save towards anything, it is achievable.
04
Bid Auto Loans
Auto loans are intended to provide micro-entrepreneurs and individuals with 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 regular payment towards the value of the vehicle (Loan Amount). Once the person completes the required payments, title to the vehicle would be passed onto him/her, in accordance with the contract’s conditions.
05
Bid Group Loans
Seek to address the challenge of being ignored by banks because their borrowings are usually too small, by giving loans to 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₵ 5,000.00 and that group members shall guarantee for one another, thereby making them jointly and severally liable.
06
Public Sector Loan
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.
07
Bid Local Purchase Order Loan
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 supply of goods and materials, construction and consultation works etc. on their behalf.
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