Some financial situations cannot wait. Fast Micro Credit’s Emergency Loan provides short-term financial support for urgent health and business needs, helping you respond quickly when unexpected expenses arise.
For businesses, the facility can help bridge urgent funding gaps such as customs duties, import clearance charges, and other time-sensitive payments where delays could result in additional penalties, storage costs, or the risk of losing goods.
Emergency Loan
Loan Requirements
To apply for an Emergency Loan, you will need to provide:
- Valid business registration certificates
- Business bank account statements or other acceptable proof of business profitability
- A guarantor
- Ghana Card for both the borrower and guarantor
- Passport-sized photographs for both the borrower and guarantor
- Required collateral, subject to assessment and approval
Additional documents may be requested depending on the nature and amount of the loan.
Collateral & Disbursement
The Emergency Loan facility is secured by collateral, with the type and value of the collateral influencing the amount that may be guaranteed and the speed of disbursement.
Once the required documentation and collateral have been assessed and the facility approved, funds can be disbursed earlier where the collateral meets the applicable requirements.
