HerMes Auto Loan

HerMes Auto Loan is a credit facility designed for our clients to purchase any vehicle of choice. Buying a dream car can be both tedious and complicated. We assist our valued clients with the needed funds to realize this lifestyle dream, because vehicle ownership is paramount to their daily activities. Our Auto Loan facility can be accessed by Individuals, 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: GRR + Agreed Risk Premium
  • 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
  • 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

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Philip Owiredu

Philip Owiredu

Managing Director
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