The interest rate on GCB Bank personal loans has been reduced from 26% to 24% per annum. This measure forms part of efforts by the Bank to lessen the impact of COVID-19 on its customers and Ghanaians in general.
The Bank has also granted a two-month moratorium on both the principal and interest repayment on personal loans. According to the Managing Director of the bank, Anselm Ray Sowah, the reduction in GCB Bank personal loan interest is a reflection of the Bank’s commitment to impact the lives of Ghanaians. He said:
“As Ghana’s largest indigenous Bank, we have the mandate to seek the interest and well-being of Ghanaians and to be at the forefront of Ghana’s socio-economic drive. The reduction in interest rates and the moratorium granted are thus a reflection of the Bank’s tireless commitment in helping to positively impact the lives of Ghanaians, especially in these trying times.”
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The GCB Bank has been at the forefront of the fight against COVID-19 and has made various donations in support of the fight being conscious of the hardships COVID-19 is inflicting on Ghanaians.
Source: GCBBank.
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