UT Bank Products

UT Banks Products have been classified under the following:

-

CURRENT ACCOUNT RELATED PRODUCTS

SAVINGS RELATED ACCOUNTS
FOREIGN ACCOUNTS
INVESTMENT PRODUCTS
OTHER PRODUCTS

CURRENT ACCOUNT RELATED PRODUCTS

TRADITIONAL CURRENT ACCOUNT

____________________________________________________________
1. Introduction

Individuals and corporate bodies, generally keep funds in banks for security reasons. At the
same time, they would like to enjoy liquidity and convenience in the use of the funds in the
bank. Thus UT Bank provides them with the Current Account facility.

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1. Purpose
- Current
Accounts are provided to enable customers to transact business and effect
payments by using bills of exchange, commonly known as cheques. This way
customers do
not have to carry voluminous amounts of cash everywhere to
transact business and make
payments.

C. Features

The key features of the Current Accounts are:

- Customers
cheque books
- Monthly/Quarterly
Statements for Corporate Accounts
- Quarterly
Statements for Personal Accounts
- C.O.T
is charged monthly
- Both
personal and corporate accounts holders can also get their statements on
request.

1. Eligible Parties

The following legal entities are eligible to open current accounts, subject to the acceptance and
approval of the banks management:
- Individuals
- Sole
- proprietorship

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Companies
Societies
/ Clubs / Associates
Statutory
bodies
Executors
/ Administrators
Government
/ Statutory bodies
Semi-Government
/ Public Agencies
Other
approved legal entities

Abbr. : C.O.T refers to Commission on Turnover

1. Benefits

The benefits of opening Current Account with UT Bank are:

- Withdrawal
on demand
- Balances
above GH2,500 will earn interest.
- Monthly
Statements of account
- Instant
Statements of account upon request
- Instant
opening of account, subject to acceptance and approval of the Banks
Management

1. How to Apply

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Complete
the relevant application form as provided by the bank
Personal
Current accounts can be opened with a minimum initial deposit of GH10
Corporate
Current accounts can be opened with a minimum initial deposit of GH100
An
introduction or reference is
required

The following are required to be furnished when opening a corporate account:

1) Company Regulation / Memorandum and Articles of Association

2) Company Resolution and mandate

3) Certificate of Incorporation

4) Certificate to commence business

- Tendering

of other relevant documents, if further needed by the Bank

UNIQUE ACCOUNT

__________________________________________________________________________

A. Introduction

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Individuals and corporate bodies keep funds in their Current Account to transact business,
make payments, and for unexpected expenses. These Current Accounts do not usually attract
interest at all, and if they do, it is minimal (i.e. between %1 and 5%). The UNIQUE ACCOUNT is
like current account but earns very attractive interest rates.

B. Purpose

The UNIQUE ACCOUNT enables customers transact business, effect payment of cheques, etc
and still earn high interest on the account.

C. Features

The key features of the UNIQUE ACCOUNT are as follows:

- Has the features of a current account product
- Minimum
initial deposit is GH10 for individuals and GH50 for corporates
- Free
quarterly Statements for Personal Accounts
- Both
personal and corporate accounts holders can also get their statements on
request.
- Attractive
interest is earned on balance.

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D. Target Groups

The following are eligible to open UNIQUE ACCOUNT:

-

Individuals
Sole proprietors
Companies
Associations
/ Schools / Religious Organizations
SMEs
Executors
/ Administrators
Government
/ Statutory bodies
Semi-Government
/ Public Agencies
Other
approved legal entities

E. Benefits

The benefits of opening the UNIQUE ACCOUNT are as follows:

- Earns
attractive interest rates on the account balance
- Real
time, on-line banking a customer at any one branch can access banking
services at all of our ten branches in the country
- Free
quarterly Statements of Account for individuals.
- Instant
Statements of account are given upon request.

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F. How to Apply
- Complete
- Minimum
respectively.

the account opening application form

initial deposit of GH10 and GH50 for personal and corporate accounts

a) For Individuals,
- 2
passport photographs
- Proof
of identity e.g. voters ID, Passport, Drivers License, National ID.

b) For individuals belonging to identifiable groups e.g. drivers union, market associations, etc.
their officials may endorse their application forms.

d) For Sole proprietors

- Certificate
- Form
B

of Registration

c) For Corporate Accounts,

-

Company
Company
Certificate
Certificate

Regulations / Memorandum and Articles of Association

Resolution and Mandate
of Incorporation
to commence business

SAVINGS RELATED ACCOUNTS

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SAVINGS ACCOUNT

1. Introduction

From time to time , certain individuals, enterprises and corporate bodies would like to set aside
some funds for future use and to take care of issues such as payment of childrens school fees,
medical expenses etc. They want these funds to be saved and accumulated in a very safe place
and at the same time generate some earnings pending their use in the future. UT Bank thus
provides its Savings Accounts to meet these needs.
1. Purpose
- Customers
generally open the Savings Account to enable them to save for a much
longer period in order to meet future needs and generate a suitable level
of income pending
their use.

C. Features

The key features of the Savings Accounts are:

-

Interest
calculated on daily basis and credited monthly
Quarterly
Statements
Statements
of account are given upon request
Withdrawal
slip booklet/particulars provided

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1. Eligible Parties

The following legal entities are eligible to open savings accounts with the bank:
-

Individuals
Parents
/ Guardians on behalf of minors
Enterprises
Corporations
Societies
/ Associations

1. Benefits

Customers opening Savings Account with the Bank will enjoy the following benefits:
-

Deposits
earn interest
Interest
is earned on daily basis
Statements
of account are given upon request
No
bank charges
Savings
can be used as security to apply for loans from the bank

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1. How to Apply

- Complete
the relevant application form as provided by the bank
- Minimum
of GH5 required to open account
- Two
Passport size photographs to be submitted together with the application

form

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YOUNG SAVERS ACCOUNT

A. Introduction

This product is aimed at providing an opportunity for children to acquire the habit of saving for a
brighter future.

B. Name

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The product shall be called YOUNG SAVERS ACCOUNT (YSA)

C. Aim

I. General Objective:
- To
- To

broaden the banks customer base through the involvement of children.

enhance the banks deposit base.

D. The Concept

The Young Savers Account (YSA) is a saving scheme aimed at instilling savings habit in
children. The YSA is designed to run along the lines of the savings account concept. As a
savings account, it offers easy access to cash and pays relatively higher interest rate.

E. Features
-

The
Young Savers Account is a savings account
Initial
amount required to open the Young Savers Account is GH10.00
Account
holders minimum deposit thereafter should not be less than GH5.00
The
minimum balance on the account should be GH10.00
Deposits
will attract an interest rate of 1 percentage point above the banks
savings

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interest rate
- The
account will automatically be transferred to the child on attaining the

age of 18.

- Withdrawal
can be made 3 months after initial deposit
- Account
holders can access loans for education, apprenticeship and other needs
from the bank without collateral
- Interest
on the Young Savers Loan will be 2 percentage points below UT
Banks
lending rate

F. Benefits

I. To Customers:

Higher interest rate on deposits

Instant access to loan without collateral

Saving boxes will be given to account holders.

Account holders will be given Savings Booklets

A Young Savers Day will be held annually during which a raffle draw will be organized and
prices given to the winners

Highest depositor in every six months wins a prize

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II. To The Bank:

-

Broaden
customer base
Increase
deposits
Widen
product portfolio
New
target group of customers

1. How To Apply
- Customers
will be required to complete a simple application form in compliance with
UT
Banks KYC policy

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KOOWA ACCOUNT

_________________________________________________________________

1. Introduction

Koowa in Hausa means Everybody. The UT Banks KOOWA ACCOUNT is to enable

everybody - individuals, groups and companies - keep some funds in savings accounts to earn
attractive interest. The banking system, currently, does not have an appropriate high yielding
savings account. UT Bank thus offers an attractive savings account product, the Koowa
Account on the financial market.

1. Purpose

The KOOWA ACCOUNT allows individuals, groups and corporate entities to save money in a
high interest-yielding savings account.

C. Features

The key features of the Koowa Account are as follows:

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Initial
deposit of GH5 is required to open the account
Minimum
balance of GH5
Free
Quarterly Statements
Statements
of account are given upon request
Withdrawal
on the account are limited to once a week
Attractive
interest rates on balances

D. Target groups

The following are eligible to open savings accounts with the bank:
-

Individuals
SMEs
and other Enterprises
Corporate
bodies
Societies
/ Schools /Religious Organizations

E. Benefits

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Customers opening the Koowa Account will enjoy the following benefits:
- Attractive
interest on the balances
- Interest
is earned on daily balances but credited to the account monthly
- Free
- Any

Quarterly Statements
additional Statements of Account will be given upon request

- Savings

can be used as security to apply for loans from the bank

1. How to Apply

Complete
an account opening application form
Initial
deposit of GH5 required to open account
Two
passport size photographs to be submitted together with the application
Proof
of identity e.g. voters ID, Passport, Drivers License, National ID.

form

NOTE: a) For people belonging to identifiable groups e.g. market women, drivers union, etc.
their
officials may endorse their application forms.

b) Owners of SMEs, companies and institutions may apply as individuals

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UT Bank Products

UT e-ZWICH PLUS, e -zwich With A Difference

1. Introduction

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The e-zwich Smartcard is a very secure way of paying for goods and services based on
biometric (fingerprint) identification and thus allow card holders and merchants to perform funds
load, spend and settle various transactions including payments, deposit, withdrawal and
transfer, online and offline. The UT e-ZWICH PLUS is an e-zwich with a difference - the
balance on the smartcard earns very attractive interest; others currently earn no interest.

B. Purpose

The UT Bank believes that individuals or companies that have money on their e-zwich
smartcard should earn interest, just like high-yielding current and savings accounts. Thus, UT e
-ZWICH PLUS,
e
-zwich With A Difference
, pays very attractive interest on the balances held on the smartcard.

C. Features

The key features of the UT e-ZWICH PLUS Smartcard are based on the current and savings
accounts wallets of the e-zwich smartcard. Thus,
- Attractive
interest payable on balances held on the e-zwich smartcard
- A
fingerprint of the holder is the only form of identification required to
use the money
on the UT
e-ZWICH PLUS Smartcard for various transactions
- Point-of
Sale (POS) devices are easily accessible at various locations notably markets,
shops,
supermarkets, offices, schools, hotels, etc

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D. Target groups

The following categories of people are eligible to apply for the UT e-ZWICH PLUS accounts:
-

Individuals
e.g. traders, fishermen, farmers, merchants, supermarkets, etc.
Sole
- proprietors
Schools,
Colleges, other educational institutions
Owners
of businesses e.g. shops, SMEs, other enterprises, companies,
institutions

E. Benefits

The benefits of opening a UT e-ZWICH PLUS with UT Bank are:

- Fully
computerized real-time, on-line banking
- Balances
on the e-zwich Smartcard will earn attractive interest just as on any

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high-yielding savings and current accounts.

- Very
secure and easy to use as the card holders fingerprint is all that is
required to
access money on the card to make payments, make deposits and
withdrawals as well as
load money. The smartcard is acceptable nationwide.

F. How to Apply

- Complete
of e-zwich smartcard application form
- Minimum
initial deposit of GH5.
- Proof
of identity e.g. voters ID, Passport, Drivers License and National

ID

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FOREIGN ACCOUNTS

FOREIGN EXCHANGE ACCOUNT (FEA)

___________________________________________________________________
1. Introduction

One of the important services provided to support the customers transaction in foreign
currencies is the opening/operation of the customers FOREIGN EXCHANGE ACCOUNT.
1. Purpose

These services are intended to be used by individuals, enterprises corporate bodies, residents
and non-residents who earn and are paid by their respective organizations in foreign currencies.

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C. Features

The key features of the foreign exchange accounts are:

- Can
be opened with convertible currencies purchased from forex bureaux or any
other local sources as well as transfer from abroad.
- Commissions,

consultancy fees and other income in foreign currency for services

provided can be used to open the account.

- Earnings
from hotels shops and car rentals services can be used.
- Transfers
from other local foreign exchange accounts can be used to operate this
account.
- Funds
cannot be transferred outside Ghana except under exchange
control
regulations,

i.e. evidence of payment.

- Account
- Minimum

can be opened in the following currencies for now, i.e. USD, GBP and Euro.
amount required to open an account is $100, 100 and 100

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1. Eligible Parties

Individuals
Enterprises
Corporate
Residents

bodies
and Non residents

1. Benefits

UT Banks FEA customers enjoy highly tangible benefits, namely

- Highly
safe and secure way of keeping their money
- Reasonable negotiate commissions and
charge on foreign related transactions
- Can
be credited with off shore remittances
- Can
be used to established letters of credit, imports under collection, travel
and

other expenses abroad, by residents and non-residents.

- Cash

payment into this account can be made

1. How to Apply

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a) Individual
- Complete
UT Banks foreign exchange account opening form
- Provide
two (2) recent passport-size photographs
- Self-introduction
by Passport or any form of identification accepted by us.

b) Business/Corporate Accounts
-

Complete
the necessary account opening form
Provide
the companys resolution and mandate
Certificate
to commence business
Provide
company regulations / Memorandum and articles of association
An
initial deposit of $100, 100 and 100

FOREIGN CURRENCY ACCOUNT (FCA)

____________________________________________________________________________
__
1. Introduction

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This is an account which can be credited only with monies transferred directly from abroad, or
offshore funds.
1. Purpose

These services are intended to be used by individuals, enterprise, corporate bodies, residents
and non-residents free of the normal restrictions imposed by exchange control regulations.
1. Features

The key features are:

(i) Free from exchange control regulations.

(ii) Can be funded with export proceeds.

(iii) Cannot be funded with currency purchased from forex bureau or other local sources.

(iv) The account can be credited only with remittances by

a. Inward remittances

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b. Foreign cheques / drafts.

c. Bank of Ghana foreign currency payment orders.

d. Transfers from other foreign currency accounts.

(v) Accounts can be opened in the respective foreign currencies, i.e. the US dollars, British
Pound Sterling, and EURO.

1. Eligible Parties

UTs FCA customer base focuses on the following:

(i) Individuals.

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(ii) Business / Corporate organizations.

(iii) Residents and Non residents.

(iv) Societies / Associations.

1. Benefits

(i) Transfers to and from other countries can be made from this account without restrictions
imposed by the exchange control regulations.

(ii) Transfers can be made in convertible currencies.

(iii) Off-shore remittances can be credited into t his Account such as

a. Inward remittances through telex transfers and S.W.I.F.T.

b. Foreign cheques / drafts.

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c. Travelers cheque.

d. Bank of Ghana foreign currency payment orders.

e. Transfers from other foreign currency account

1. How To Apply

a) INDIVIDUALS

(i) Complete an account opening form, as provided by the Bank.

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(ii) Provide two recent passport-size photographs.

(iii) Passport required.

b) BUSINESS / CORPORATE ACCOUNT

(i) Complete an account opening form, as provided by the Bank.

(ii) Provide the companys resolution and mandate.

(iii) Certificate of incorporation.

(iv) Certificate to commence business.

(v) Produce company regulations / memorandum and Articles of Association.

(vi) An initial deposit of US$100, 100 and 100.

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INVESTMENT PRODUCTS

FIXED DEPOSIT ____________________________________________________________

___
1. Introduction

Individuals, corporations, enterprises, associations and even government agencies have

surplus funds, from time to time, which they do not need to use now and in the immediate
future. Their need is to ensure that these funds are placed in an institution which can guarantee
its safety, security and, at the same time, generate acceptable level of earnings.
1. Purpose

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Customers therefore use Fixed Deposit to ensure that funds for which they do not have
immediate use are kept safely and invested prudently to yield good returns.
1. Features

The key features of the Fixed Deposits are:

- The minimum deposit for this account is GH1,000
- Fixed
Deposit certificates are issued
- Upon
maturity of the fixed deposits, the customers account is automatically
credited
with the principal amount and the interest
- If
the customer does not have any account with the Bank, then upon maturity a
payment order is given containing both principal and interest. The
customer can roll-over the
principal and interest for the next term.
- Depending
on the amount of deposits, the rate charged is negotiable
- Tenor/Duration
of Fixed Deposit: Fixed Deposit can be made in periods of one (1)
month,
three (3) months, six (6) months, one (1) year and even more than one (1)
year.
- Fixed
Deposit Certificates can be used as security to obtain loans and other
facilities with the Bank

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1. Eligible Parties

The following legal entities are eligible to enjoy the facility:

-

Individuals
Sole
proprietors
Partnerships
Companies
Societies
/Clubs/ Associations
Statutory
Bodies
Executors/Administrators
Government/Statutory
Bodies
Semi
Government/Public Agencies

1. Benefits

The following are the main benefits enjoyed by UT Banks Fixed Deposit customers:
-

Fixed
deposits can be used as security for loans and overdrafts
Interest
is calculated daily
High
interest rates are paid
No
bank charges

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1. How to Apply

- Completion
- Submission

of the relevant application form as provided by the Bank

of the Fixed Deposit funds

UT TBILL PLUS ACCOUNT ____________________________________________________

___________
1. Introduction

The TBILL PLUS is a special product for Individuals, corporations, enterprises, associations

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and even government agencies who have surplus funds they do not need to use now and in the
immediate future. These funds are managed in-house as part of the banks deposits which can
guarantee its safety, security and, at the same time, generate acceptable level of earnings.
1. Purpose

TBILL PLUS is to ensure that funds not needed immediately by clients are kept safely and
invested prudently to yield returns higher than the existing Treasury Bill rates offered by the
Bank of Ghana.

C. Features

The key features of the TBILL PLUS include:

- The minimum deposit for this account

is GH3,000.00
- Tenor/Duration
of TBILL PLUS: 183 days (6) months and one (1) year.
- Interest
earned is up to 4% above the existing Treasury Bill rate
- T
BILL PLUS certificates are issued
- Upon
maturity of the investment, the customers account is automatically
credited
with the principal amount and the interest
- The
customer can roll-over the principal and interest for the next term.
- T
BILL PLUS certificates can be used as security to obtain loans and other
facilities
with the Bank
- Absolutely
no withdrawals within the investment period

1. Eligible Parties

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The following legal entities are eligible to enjoy the facility:

-

Individuals
Sole
proprietors
Partnerships
Companies
Societies
/Clubs/ Associations
Executors/Administrators
Government/Statutory
Bodies
Semi
Government/Public Agencies

1. Benefits

The following are the main benefits enjoyed by TBILL PLUS customers:
- TBILL
PLUS can be used as security for loans and overdrafts
- High
interest rates of up to 4% above prevailing Treasury Bill rates
- No
bank charges

1. How to Apply

- Completion
- Submission

of the relevant application form as provided by the Bank

of funds

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G. APPLICABLE RATES

Note that these rates will be made available on a weekly basis (every Monday morning)
by the Treasury Department. There will however be
variations from time to time to conform with changing money market
situations.

OTHER PRODUCTS

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FON4LOAN

___________________________________________________________________

A. Introduction

FON4LOAN is a product geared mainly towards taking the stress of applying for a loan.

Instead of the traditional way of applying for a loan by going to the bank, and having to wait for
approval of the facility subject to procedural loan committee meetings, this product allows you
the option of calling or texting to a unique number and a follow up will be done within two (2)
hours by a branch closest to the client.

B. Objectives

Promote products and services

Increase customer loyalty and retention

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Making loans easily accessible to all

Taking out the stress of applying for a loan

C. Features

The key features of the fon4loan are:

- A distinct phone number. To initiate the process the client
will either text loan or call
the advertised phone number.
- Quick screening by call centre staff to confirm client request
and location etc.

Minimum threshold of GH5,000. Only loans above or equal to this threshold will qualify for
this service.

A call centre to which all client calls will be routed and redistributed to the nearest branch.

Prompt call back. The call centre staff will not do a credit analysis of the client. The client will
be called by the nearest Branch Manager for a more detailed discussion of his requirements.

The Branch Manager/ Inspection team will visit the applicant to complete loan documentation

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as far as possible and perform an inspection of collateral, residence or office.

A Service charge of GH50 for loans from GH5000 to GH20,000 and GH100 for loans
above GH20,000 will apply on disbursal.

Client will be required to visit the office to endorse completed documentation and meet other
KYC requirements before loan is disbursed.

D. Eligible Parties

- Individuals
- Enterprises
- Corporate bodies

E. Benefits

Takes out the stress of applying for a loan

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- Broaden customer base

- Grow loan portfolio

F. How to Apply

The following minimum information will be collected by the UT Bank Manager/Inspection Team
prior to visiting the client;

Loan amount

Purpose of loan (loan type is determined here)

Duration

Business premises

Collateral status

Agreed meeting place

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The inspecting team will agree with the customer (applicant) ahead of schedule all documents
that will be required to process the loan. These will include;

Official primary identification in its original form e.g. passports, drivers licence or voters card

Secondary IDs may also be required

Land title, indenture, deeds, etc

Vehicles papers ( including registration from DVLA)

ACTIVITY DURING VISIT

An inspection of the clients premises and collateral and some further information on the
customer will be collected.

The officer will be required to run through a checklist with the client and state what documents
were collected from the applicant. The client is expected to sign as having given these
documents to officer.

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APPROVAL ACTIVITY

The Branch Credit team will review the application after which it will be accessed on other risk
and compliance criteria. If the facility is approved, the client will be required to visit the branch to
endorse the final documents and complete all outstanding KYC issues before the loan is
disbursed.

UT BANK - ELECTROLAND ZERO INTEREST PRODUCT

___________________________________________________________________
1. Introduction

In Ghana most employees due to various demands on their monthly salary find it very difficult if
not impossible to save to acquire consumer items such electrical appliances and electronic

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products. UT Bank in the normal course of its business is desirous of providing financing
pursuant to its Asset Finance Scheme to interested and qualified individuals and companies for
the purpose of purchasing electrical appliances and electronic products. It is in this light that UT
Bank thought it wise to partner Electroland to launch this product.

1. Objectives

The objectives of this product are as follows:

Enhance UT Banks deposit mobilisation efforts as salaries of employees will be paid through
the bank

Ensure fast responses to customers credit needs and improve turn around time.

improve the competitiveness of UT Bank in the increasingly competitive banking industry

widen the banks product portfolio

C. Features

Maximum deductions for repayment should not exceed 50% of the employees monthly take
home salary.

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UT Bank will require all applicants to provide a letter of Domiciliation/undertaking from the
applicants employer to ensure that monthly salary payments are routed through the bank

Employers may undertake to make deductions at source and forward this to UT Bank on
monthly basis. Alternatively, UT Bank will accept post-dated cheques from some borrowers
towards repayment of the facilities.

Upon approval of the facility, UT Bank will credit Electroland account (i.e. with UT Bank) with
the agreed amount and the client will pay back in 12 months (i.e. in 12 equal installments) at
ZERO INTEREST
.

Clients whose salaries are not routed through UT Bank will have to provide the following :

Applicants three (3) months current pay slip

current six (6) months bank Applicants statement

Two (2) recent passport pictures of applicant

At least two (2) photo identification i.e. Voters Id, Passport, drivers license
1. Procedure

The Bank shall forward to Electroland its consumer loan application forms, which Electroland
shall provide to prospective customers.

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Electroland shall forward the completed application forms together with the Proforma invoice
and any other requisite documents to the Bank for processing.

UT Bank shall assess the application and inform the prospective customer of its decision
within 48 hours upon receipt of the application subject to all conditions being fulfilled.

Electroland shall open and operate a current account with UT Bank into which all payments to
the Company by the Bank shall be made. If the application of the prospective customer is
approved, the Bank shall credit the account of Electroland with the agreed amount.

UT Bank shall thereafter forward a copy of the credit advice to the Company, which credit
advice shall serve as authorization note for the release of the product/products to the
prospective customer.

1. Eligible Parties / Target Groups

Permanent workers whose employers are willing to provide a letter of undertaking for the
facility.

Existing customers ( salaried workers) of the bank

Non customers who earn salary and are willing to channel it through the bank.

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Only employees of reputable corporate bodies, the cream of our Retail/SME clients and other
carefully selected organisations will qualify.

1. Benefits

The following are the unique benefits to be derived from the program:

Program will help enhance our relationship with the applicants employers. Our ability to
complement financing support for the companys activities with credit support for its employees
will help position us at the centre of the companys business.

Program will ensure fast responses to customers credit needs and improve turnaround time.

Since the salaries of employees will be paid through the bank under the program, it will
enhance UT Banks deposit mobilisation efforts.

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The banks deposit base will be further enhanced by sales proceeds of the promotion which
will be deposited in Electrolands account with
UT Bank

It will improve the competitiveness of UT Bank in the increasingly competitive banking

industry.

1. How to Apply

Identify the appliance/product you want to buy

Complete the application form with supporting documents

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Send application to the nearest UT Bank branch

Pick up appliance upon approval

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SOCIAL LOAN PRODUCTS

B. Introduction

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This product is designed for all salaried workers and some non-salaried workers to meet
pressing personal financial obligations. Workers thus do not have to wait for their pay day to
meets financial challenges they are confronted with.

C. Objective

The loan can be used for any purpose i.e. finance rent, land, travel expenses, household
appliances, personal effects, Laptops, etc. that the customers income cannot immediately cater
for.

Promote products and services

Increase customer loyalty and retention

D. Product Varities

Fast Credit (This is an employee personal loan which can be used for any purpose. For
instance, it can be used to finance rent, land, travel expenses, household appliances, personal
effects, Laptops, etc)

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F.L.E.A.P Future Leaders Education Assistance Plan (This product comes with a lower
interest rate to ease the burden of making lump sum payments of fees to schools and
institutions either for the applicants or their wards.)

S. Facility (This is a special product and is designed for highly earning individuals who are
not in the main stream employment but earn regular income. Eg Directors of companies who do
not pay themselves, Lawyers, School Proprietors, etc. Under this, the maximum loan amount
one can accessed is GHs5,000 for maximum duration of one (1) year.

E. Features

- Minimum loan amount -

- Maximum loan amount

- Repayment period

GH 200.00

depends on applicants net salary

should be between twelve (12) and thirty- six (36) months

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- Maximum monthly
deduction (principal+interest) should not exceed 50% of applicants
net
monthly income
- All FLEAP clients are
to provide school bill or admission letter as evidence
- Loan amount should
not be more than 75% of applicants Provident Fund (where
applicable)
- Account Holders
should have channeled their salary through UT Bank for at least six
(6)
months. Client should have been confirmed on the employment.

F. Target Group

UT Bank account holders.

Non- UT Bank account holders

Staff whose salaries go through Controller & Accountant Generals Department - C&AG

Staff of Ministry of Defense (M.O.D)

G. Benefits

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Increase product base of the bank.

To guarantee a reliable and consistent stream of income flow at negligible default rate.

H. How to apply

Completed application form

Three months pay slips.

Two passport -sized photographs.

Two forms of national ID

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UT AUTO LOAN

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____________________________________________________________

I. Introduction

If you (as an individual or business entity) identify a car of your choice, whether brand new or
used, UT Bank will help you to make your dream come true. Just make a decision and we will
help you bring it to your driveway in no time. The UT Auto Loan is designed to assist
individuals as well as corporate entities to purchase vehicles for either private or business
purposes.

J. Objectives.

Increase the Banks customer base

Promote the banks products and services

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Assist customers to acquire means of transport either for personal use or for business
purposes

Widen the banks product portfolio

K. Features

- Loan
- 20%

amount GH3,000 and above

Deposit for new cars and 30% for used cars

- Repayment period

should be between twelve (12) and

Forty eight (48) months

- Lending rate @ 4% per month & one off processing, transactional & administrative
fees of 3%

- Used vehicles

should not be more than 10 years old

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- Special

arrangements with CFAO for Mitsubishi and Renault brands

1. Eligible Parties

Individuals

Sole proprietors/SMEs

Government Institutions

Companies/Societies/Associations etc.

M. Benefits

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Prompt response within 48 hours (i.e. if conditions are met)

Repayment is spread according to the customers capabilities/repayment capacity

Eases financial burden

Ability to own a car either for self use or business purposes

1. Requirements

Individuals

Open account with UT Bank

Complete application form

Pro forma Invoice to ascertain value of vehicle

Two passport size pictures of applicant

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Two valid IDs of applicant

Payment of initial deposit to UT Bank (Comprehensive Insurance, Life Insurance, Commitment

fee, Processing fee & 20% or 30% of price of vehicle)

Two (2) passport size picture and ID of guarantor ( not mandatory)

Evidence of ability to service the loan (Six (6) months current bank statement)

Inspection of applicants work place and home (cartography)

Corporate & SME

Open account with UT Bank

Application letter

Completed application form

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Pro forma invoice to ascertain value of vehicle

Proof of identification of directors (Voters ID , Passport , etc)

Company registration documents

Board resolution

Payment of initial deposit to UT Bank (Comprehensive Insurance, Facility/processing fee,

Annual Management fee & down payment)

Evidence of ability to service the loan (Six (6) months current bank statement)

Inspection of company premises

Please note that upon approval, vehicle will be registered in the name of UT Bank and a
spare key made available to same. Transfer of ownership will be effected on the clients
behalf after servicing the loan in full.

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