Students Loan Trust Fund
                                Providing equal financing to tertiary education
Home >> Loan Repayment

Loan Repayment

Interest Rate
In other to maintain the value of the money and preserve the Fund for posterity, interest is charged on the loan at a highly subsided rate. Inflation is an important factor in determining the interest rate.

The following schedule of interest rate shall be charged on the loan:

 

MORATORIUM

 REPAYMENT PERIOD
STUDYPERIOD NATIONAL SERVICE PERIOD 1-YEAR GRACE PERIOD REPAYMENTPERIOD
*GOG182 dayT-bill rate *GOG182 dayT-bill rate *GOG182 day T-bill rate *GOG182 dayT-bill rate + 2%

* GOG – Government of Ghana.
# Maximum rate applied will be 12% until reviewed. In effect where the T-bill rate goes beyond 12% the SLTF shall fix the rate at 12%.

Loan Repayment Period

*Number of Loans taken National Service Period (Yrs) Grace Period (Yrs) Repayment Period (Yrs)

1

1

2

2

2

1

1

4

3

1

1

6

4

1

1

8

5

1

1

10

6

1

N/A

10

7

1

N/A

10

* The total loan received in an academic year is considered as one loan taken

It is in the interest of applicants to pay off their loan sooner than the repayment period given, in order to reduce the interest charges.
Students loan repayment made easy. Please contact our partner banks with your Social Security number to make payments:

A. GHANA COMMERCIAL BANK: SMART PAY
B. NATIONAL INVESTMENT BANK: SPECIAL SLTF PAY IN SLIP
C. ECOBANK GHANA: BANK – COLLECT

Borrowers can walk in to the head office of the SLTF to make payment at no. 47, 3rd Crescent Avenue Asylum Down, near Highgate Hotel.

Borrowers can now make their Students Loan payment by any of the following modes/platforms quoting clearly your Social Security Number (SSN):

  1. MOBILE MONEY: by dialing Short code *737*206# => follow prompts to make payment
  2. MYGHPAY: by visiting the website: www.myghpay.com or download the myghpay app on Google Play Store
    =>Register/login => click on SLTF Logo => follow onscreen prompts to make payment with either your Visa, MasterCard (OR) Mobile Money
  3. GT COLLECT: Make payment at ANY GT Bank branch across the country, using customised pay-in slip.

Students Loan

2018/2019 Applications have been closed.

Students will be informed when the 2019/2020 applications are opened.


Students Loan Application

Applications for student loans can be made via paper or online.

Paper Application
Click on the "Paper" button to continue with the paper application process.

Online Application
Click on the "Online" button to start filling the application forms through the online portal.

Paper Online
Paper Applications

Procedure

Step 1 Download and print the Loan Application form by clicking on the download button.
Step 2 Complete the Loan Application Form, Guarantor Deed and Students Loan Agreement forms.
Step 3 Attach 2 recent passport size photographs (Do not staple or glue passport pictures.
Step 4 Submit 2 complete sets of the application forms together with all relevant documents attached, to your campus or zonal office.

 Guarantor Type
Please select the guarantor type to use for your application

SSNIT Formal or SSNIT Informal
Other Forms (Islamic Denomination, Corporate, Metropolitan and Municipal District Assembly Download

Students Loan Application

2014/2015 Applications have been closed.

Students will be informed when the 2015/2016 applications are opened.