Loan

Christmas Stock Advance

The festive season is a time of high demand and opportunity for traders and businesses. To support entrepreneurs in maximizing sales during Christmas, South Akim Rural Bank Plc. offers the Christmas Stock Advance Facility is a quick and flexible loan to help you stock up in time for the season. You’ll never miss the chance to boost your business during the festive season.

How to Get Started?

Steps needed to complete the process.

1

Apply

Required to write an application letter.
2

Verify Your ID

Come along with your Ghana ID card.
3

Enjoy!

Confirm the details, submit and you're done.
My bank, Our Bank

Get a Christmas Stock Advance Today!

The Christmas Stock Advance is a special short-term loan facility from South Akim Rural Bank PLC, designed to help traders and business owners stock up during the festive season. It provides quick capital so you can take advantage of the high demand and increased sales opportunities that come with Christmas and New Year celebrations.

  • To give traders the funds needed to buy more stock for the festive season.
  • To enable businesses to maximize sales and profits during Christmas.
  • To reduce the stress of limited working capital during the busy period.
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Take a Closer Look

  • Loan Amount Based on a percentage of seasonal sales or projected cash flow during the peak season.
  • Eligibility Criteria Must be in a business with a proven seasonal pattern and Historical performance and sales data over at least 6 months.
  • Loan Terms Typically short-term (3-6months), structured to coincide with the business’s seasonal cycle.
  • Approval Process Requires detailed forecasting of seasonal sales, historical performance data, and cash flow projections for both peak and off-peak seasons.
  • Payment Terms Flexible repayments based on income cycles. For example, monthly installments with a larger repayment due post-peak season.
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A savings account is designed for saving money and earns interest. A current account is for daily transactions and may not earn interest.

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You usually need valid ID, proof of address, and a minimum deposit. Visit any branch of South Akim Rural Bank Plc.

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A regulatory requirement where banks verify the identity and address of customers to prevent fraud and money laundering.

What types of loans do banks offer?

Agric loan, salary advance loan, salaried workers loan, commercial loan.

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