St. Martin De PorresCo-operative Credit Union
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Loan products

Affordable loans for every need: 9 products from 0.8% per month. Rates effective 27 April 2026.

At a glance

Compare our loans

Loan calculator
LoanRate per monthHow muchMax. termInterest basis
Loan Within Savings0.8%Up to 100% of savings12 monthsReducing balance
Normal Loan2.4%Up to 2× savings24 monthsReducing balance
Long Term Loan3.4%Up to 3× savings24 monthsReducing balance
Susu Loan2.4% – 3.4%2× or 3× susu savings, max GH₵150,00012 monthsStraight-line
Business Loan4.4%Up to 5× savings24 monthsReducing balance
Salary Workers Loan2.4%Repayment up to 40% of net salary18 monthsReducing balance
Controller / DAS Loan2.4%Based on monthly deduction18 monthsReducing balance
Emergency Loan3.4%20% of total assets, max GH₵500,0006 monthsStraight-line
Special Purpose Loan4.4%20% of total assets, max GH₵500,0006 months–
2.4% per month · 28.8% p.a.

Normal Loan

General-purpose credit for personal needs: education, medical bills, home improvement and more.

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  • Borrow up to twice your savings balance held with SMDPCCU
  • Interest on a reducing balance, so you pay less as the loan is repaid
  • Flexible monthly repayment over up to 24 months
Eligibility
  • Active member in good standing
  • Minimum savings balance maintained for at least 3 months
  • No default on an existing loan
  • At least one acceptable guarantor who is also a member
Documents required
  • Completed loan application form
  • Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
  • 2 recent passport-size photographs
  • Savings passbook or statement
  • Guarantor's ID and signed consent form
3.4% per month · 40.8% p.a.

Long Term Loan

Borrow more against your savings, for bigger projects that need a longer repayment period.

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  • Borrow up to three times your savings balance
  • Suited to land, building work or major family expenses
  • Reducing-balance interest, repaid over up to 24 months
Eligibility
  • Active member in good standing
  • Minimum savings balance maintained for at least 3 months
  • No default on an existing loan
  • At least one acceptable guarantor who is also a member
Documents required
  • Completed loan application form
  • Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
  • 2 recent passport-size photographs
  • Savings passbook or statement
  • Guarantor's ID and signed consent form
0.8% per month · 9.6% p.a.

Loan Within Savings

Borrow against your own savings without breaking your deposit: our fastest, lowest-cost loan.

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  • Access up to the full value of your savings balance
  • Lowest interest rate of any SMDPCCU loan
  • Fast processing, since your own savings secure the loan
  • Repay over up to 12 months
Eligibility
  • Savings balance equal to or greater than the amount requested
  • No outstanding default on a previous loan
Documents required
  • Completed loan application form
  • Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
  • Savings passbook or statement showing available balance
2.4% – 3.4% per month

Susu Loan

Use your daily susu contributions to access quick credit on straight-line interest. Ceiling GH₵150,000.

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  • Borrow 2× your susu savings at 2.4% per month, or 3× at 3.4% per month
  • Straight-line interest for predictable repayments, over up to 12 months
  • Repayments can be collected alongside your regular susu contributions
Eligibility
  • Active susu contributor with a consistent history (minimum 3 months recommended)
  • Susu passbook up to date with your field officer
Documents required
  • Susu passbook
  • Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
  • Completed loan application form
4.4% per month · 52.8% p.a.

Business Loan

Grow your business with financing for inventory, equipment and expansion.

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  • Borrow up to five times your savings balance
  • For stock, equipment, renovation or expansion
  • Repayment tailored to business cash flow, over up to 24 months
Eligibility
  • Active member with an operating business (formal or informal)
  • Business operating for at least 6–12 months recommended
  • Savings and/or collateral on record with SMDPCCU
  • At least one acceptable guarantor
Documents required
  • Completed loan application form
  • Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
  • Evidence of business activity (registration certificate, permit or trading records)
  • Savings passbook or statement
  • Guarantor's ID and signed consent form
2.4% per month · 28.8% p.a.

Salary Workers Loan

For salaried employees: borrow responsibly against your net monthly income.

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  • Repayments kept within 40% of your net monthly salary
  • Repayment period of up to 18 months
  • For employees with a verifiable, regular income
Eligibility
  • Active member in steady, verifiable employment
  • Monthly repayment no more than 40% of net salary (debt service ratio)
  • Employer confirmation of employment and salary
Documents required
  • Employment / introduction letter from employer
  • 3 most recent payslips
  • Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
  • Bank statement, where salary is paid through a bank
  • Completed loan application form and guarantor consent
2.4% per month · 28.8% p.a.

Controller / DAS Loan

For government and public-sector workers, with repayments deducted directly at source.

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  • Repayments deducted from salary through the Controller & Accountant-General's Department (CAGD) or a check-off arrangement
  • Amount sized to what your monthly deduction can comfortably support
  • No manual monthly repayments once set up; up to 18 months
Eligibility
  • Public/civil sector employee on CAGD payroll or a recognised check-off scheme
  • Monthly deduction affordability confirmed against salary
Documents required
  • Recent payslip or CAGD printout
  • Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
  • Deduction / check-off authorisation form
  • Completed loan application form
3.4% per month · 40.8% p.a.

Emergency Loan

Fast-tracked funding for urgent, unplanned needs.

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  • Streamlined approval for urgent situations
  • Up to 20% of your total assets with SMDPCCU, capped at GH₵500,000
  • Straight-line interest over up to 6 months
Eligibility
  • Active member with assets/savings on record with SMDPCCU
  • Demonstrable urgent need, e.g. a medical emergency
Documents required
  • Completed loan application form
  • Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
  • Supporting evidence of the emergency where available (e.g. medical bill)
4.4% per month · 52.8% p.a.

Special Purpose Loan

For weddings, funerals and other significant life occasions.

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  • Built for major family and social occasions
  • Up to 20% of your total assets with SMDPCCU, capped at GH₵500,000
  • Short 6-month term for a manageable, one-off commitment
Eligibility
  • Active member with assets/savings on record with SMDPCCU
  • Occasion-related need, e.g. wedding, funeral or naming ceremony
Documents required
  • Completed loan application form
  • Valid ID: Ghana Card, Passport, Voter's ID or Driver's Licence
  • Brief description or evidence of the occasion where requested

Rates, eligibility and documentation shown are indicative and may be updated from time to time. Please confirm current terms with a credit officer at any branch before applying.

How to apply

Three steps to your loan

  1. Check what you qualify forUse our loan calculator, then speak to a credit officer at any branch.
  2. Complete the applicationFill in the loan application form and bring the documents listed for your loan.
  3. Approval & disbursementYour application is assessed by our credit team, and approved funds are paid into your account.
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