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List of Banks That Give Student Loans In Ghana

Banks That Give Student Loans In Ghana

In today’s guide, we are going to show you a list of financial institutions | banks that give student loans in Ghana.

We have covered all the processes on how to get a student loan in Ghana in our previous post.

You may want to read it if you see that to be a better option but if you don’t like the government’s loan facility, this will surely be your best option. Read on.

We all agree that education is expensive but it is undoubtedly the fastest and safest way to gain financial freedom. Not only financial freedom but it also helps build a good social status.

Whilst we all know the numerous benefits of education present to individuals and the nation at large, we can not fail to think of the financial impediments it comes with.

Having little to no money may obliterate your dream of becoming educated, especially when you have little knowledge of how you can utilize other funding sources for your education.

In the other part of the world, a lot of University students depend heavily on student loans for their education.  For them, their student loan can cater for their tuition fees, accommodation and some, monthly stipends.

In most African countries, depending on a student loan alone for tertiary education may look frightening.

Many nations battle the challenge of timely repayment by applicants, a canker that has affected the smooth running of the scheme for years.

Whilst the student loan may not be enough to cater for your full tuition fees, accommodation, and monthly stipends, we still believe that getting a student loan can help lessen your burden in school. Remember you need a full-bodied mind and energy to fully concentrate on your studies.

Let’s quickly walk you through the list of banks that give student loans in Ghana.


A student loan can be referred to as a type of loan that is specially designed to help students with financial limitations, It is a kind of long term financial support to continue their education and give them time to pay back the money with little interest.

What makes the student loan the best loan facility?


The interest rate on student educational loans is not much unlike other loan services such as a car loan or home loan. The reason for implementing students loan is to help students with financial problems to help complete their schooling so as not be left stranded and frustrated.


Student loan gives you peace of mind not to worry about the payment of school fees. It provides long term support and makes you focus on your studies instead of thinking about money and hustling to meet up.


The student loan payback option is easy and affordable. Financial Institutions that offer students loans have various options for payback. Payback options depend on the financial institutions you applied to. Some may require you to pay back within 12 months and some 10 months.


Before applying for a student loan, you must do extra research and be well guided in the process to avoid any mistakes that can lead to further complications. Things to consider include:


You must consider the interest rate of different financial institutions that give students loans. Student loans are not much unlike any other loan, but the interest rate of different financial institutions differs.


Different financial institutions have different payback options. Some require payback time to be 10 months while some give the privilege of 12 or more.

Banks That Offer Student Loans In Ghana

(Note: These lists of bank different interest rates and payback option. We advise you visit their website for more information)


HFC bank is one of the most trusted banks that have been helping students to continue their schooling through loaning. HFC student’s bank loan interest is not much and they provide easy payback options.


  1. The applicant must have an account with HFC Bank.
  2. Applicant must be in employment for the past 12 months
  3. Applicants must show proof of proofread debt.
  4. Applicants must have proofs of identification such as Ghana ID cards.


Societe Generale Ghana is among the top Ghana financial institutions that offer loans to students They provide fast loans for student’s emergencies and give the privilege for students to payback within 10 months.

  1. The person applying must have an account with Societe Generale Bank and must have had made transactions with at least 12 months.
  2. The person applying must have proof of employment with at least 3 payslips.
  3. Proof of identification


Bank of Africa Ghana also offers top financial institutions that offer students loan. Both graduates and mature students benefit from their offers. They offer 100% students loan.


  1. The applicant must have reached age 21 and not more than 58 years old
  2. You can get a loan whether you are a customer or non-customer
  3. Clean credit report required
  4. Must be in employment for the last 6 months.


If you are looking for a loan facility to fund your education in Ghana, it not only the Students Loan Trust fund that can be of help but there are financial institutions or banks that give student loans in Ghana.

As at the time of writing this post, Bank of Africa Ghana, Societe Generale and HFC Bank are the banks that give student loan in Ghana.

We are committed to letting you know of other financial institutions offering student loan in Ghana when there is an update.

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