Our Auto Loan facility can be accessed by Individual, Professionals, consultants and salaried workers with recognized institutions to acquire a vehicle for personal/company use.

• Loan Repayment: Annuity payment Method (Same amount is paid monthly)
• Age of Vehicle: The vehicle must not be older than five (5) years
• Tenure: 60 months or less
• Security: Charge over vehicle to be purchased
• Personal Guarantee of applicant
  • Provident Fund if any
  • Vehicle shall be registered and insured in the joint names of HerMes and client
• Debt Burden: Not more than 45% of income
• Pricing: HerMes Base Rate + Agreed Margin
• Arrangement and Processing fees: 3% (to be paid upfront)
• Maximum Loan: The Bank finances up to 80% of the value of the vehicle
• Insurance: The vehicle will be comprehensively insured
• Readily available credit on a timely basis
• Flexible terms of repayment
• Prompt advisory services shall be given by a team of dedicated account managers

• Minimum Salary: GHS 500.00
• Age: 18 – 53 years
• Employment Records: 6 months or at the discretion of the credit manager
• Account History: Six (6) months Bank Statement is required from clients with account relationship with other Banks
• Clients shall be updated on monthly loan repayment via our HerMes Alert

• Account Relationship: The qualified client must be an account holder to access the facility
• How to Apply for HerMes Auto Loan: The client should complete the Auto loan application form
• Security: Security required may include the vehicle to be purchased, Provident Fund, Landed Property and Employer’s Guarantee, Near Cash Securities, Shares, Warrants, etc

• No limit on number of transactions

• No monthly service charge

• Free monthly e-statements

• Competitive and tiered interest is paid based on account balance (minimum balance to earn interest is GHS200.00)

• Free sign on to CalNet, HerMes Online Services (HerMes App & *771#), HerMes E-Alerts.

• Access to E-Zwich Cards

• Students will also have the flexibility of converting the account to a liability product of choice after school

• All Tertiary Students from the age of 18years and above

• Must be enrolled in a tertiary or higher education institution

• Student ID Card or a copy of Student admission letter

• Initial deposit is GHS20.00

• Account can be opened instantly and operated without coming to the banking halls

• Multiple outlets to perform the needed transactions. (Online, HerMes Branches & all Visa and Gh-Link branded ATMs and POS)

• Easy access to funds via HerMes Payment Solutions; HerMes Mobile Banking (HerMes App & *771#), CalNet, Agent Banking, POS and ATM services