Consumer Banking

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  • The Royal Personal Loan

    As an employee, The Royal Personal Loan offers you the financial flexibility to finance your dreams!


    TARGET MARKET

    Individuals whose salaries are paid through The Royal Bank.


    FEATURES

    •   Maximum loan amount of GH¢50,000.
    •   Maximum tenure of 36 months.
    •   Equal monthly repayments on amortized basis.
    •   Repayment not exceeding 40% of monthly salary.
    •   Interest rate is prevailing Base rate plus margin.


    BENEFITS

    •   Flexible repayment.
    •   Early pay off acceptable.
    •   Competitive interest rate.
    •   Fast and easy.


    REQUIREMENTS

    •   Fully completed Loan application form.
    •   One (1) passport picture.
    •   Three (3) months salary account with TRB.
    •   One (1) month salary account with TRB and six (6) months statement from other Banks for new to Bank applicants.
    •   Valid National Identity (e.g. Passport Voter's ID/Driver's License).
    •   Proof of income (3 months' pay slip).
    •   Proof of employment (Letter of undertaking from employer.


  • The Royal Consumer Asset Finance

    The Royal Consumer Asset Finance offers you an opportunity to buy what you need today, we pay and you pay later over a period of time!


    FEATURES

    •   Maximum Loan amount is GH¢10,000 for individuals and GH¢20,000 for businesses.
    •   Minimum Loan amount of GH¢500.00.
    •   Interest rate is prevailing base rate plus margin.
    •   For individual borrowers, loan amount should not exceed 40% of employees' salaries.
    •   Term of loan is twelve (12) months.
    •   For Individual borrowers, loan repayments should not exceed 40% of employee's salary.
    •   Standing order debit to current accounts in the case of Institutions (SMEs).


    BENEFITS

    •   Flexible repayment.
    •   Provides needed financing to customers to purchase assets of their choice.
    •   Competitive interest rates.
    •   Early pay off acceptable.
    •   0% pre-financing.
    •   Fast and easy.


    REQUIREMENTS

    •   INDIVIDUALS.
      •   Fully completed Loan application form.
      •   One (1) passport picture.
      •   Three (3) months TRB salary domiciliation.
      •   Valid National Identity (e.g. Passport Voter's ID/Driver's License).
      •   Proof of income (3 months pay slip).
      •   Proof of employment (Letter of undertaking).
      •   Six (6) months statement (for new to bank applicants with 1 month TRB salaried relationship).
    •   INSTITUTIONS (SMES)
      •   Fully completed Loan application form.
      •   Guarantor form/ID/Picture (For Sole Proprietor's).
      •   Business registration documents (photocopy).
      •   IDs of signatories to the account with TRB.
      •   Passport pictures of signatories to the account with TRB.
      •   Six (6) months business account statement from other bankers if business account with TRB is less than 3 months old.
      •   Monthly repayment is by standing order on business account with TRB.


  • The Royal Child Account

    It is an opportunity to introduce children to the concept of savings and management of finance to make them financially prudent for the future.


    FEATURES

    •   Initial deposit of GHS200.00
    •   Convenient deposit build-up throughcash deposits and standing order.
    •   A minimum deposit of GHS50.00 permonth.
    •   No withdrawal in the first year ofaccount operation.
    •   A maximum of three withdrawals per year after the first year of account operation.
    •   Each withdrawal not to exceed 50% ofaccount balance.
    •   Life Insurance cover with upfront(yearly) premium payment.


    BENEFITS

    •   Highly competitive interest rate.
    •   Life insurance cover for the child withCash Bonus after five years of no claim.
    •   An opportunity for children to have days of working visit at TRB offices (condition apply).
    •   Instill the savings and investmentculture in children.
    •   Account could be used as collateral tosecure school fees loan (Conditions apply)
    •   Invitation to the "Annual Royal Child Party"(Conditions apply)


    REQUIREMENTS

    •   Completed and signed TRB Royal Child Account Opening Form.
    •   Proof of valid Identity of Parent or Guardian (e.g. Passport, Voter's ID/Driver's License, National ID).
    •   Birth Certificate, Baptismal Certificate or Weighing Card of the child.
    •   Proof of residence, recent utility bill of house of residence or Tenancy Agreement of Parent or Guardian.
    •   Two recent passport size photographsof Parent or Guardian and the Child.


  • The Royal Ride

    An installment loan that enables customers and prospective customers to acquire their first car, upgrade to newer or bigger model or buy the classic car of their dream.


    FEATURES

    •   Minimum loan amount of US$10,000
    •   Maximum loan amount of US$100,000.00
    •   80% maximum level of financing
    •   Equal monthly installment of principaland interest
    •   Loan tenor of 48 months (4 years) to60 months (5 years)


    BENEFITS

    •   Opportunity to own your dreamVehicle
    •   Flexible monthly repayment schedule
    •   Competitive interest rate
    •   Comprehensively insured Vehicle
    •   Quick processing and disbursementof loan.


    REQUIREMENTS

    •   Applicant to open account with TRB oralready maintains account with TRB
    •   Completed customer application form
    •   Pro-forma invoice for the vehicle to beacquired
    •   Letter of undertaking from employer*
    •   Proof of salary for the last three (3) months
    •   Proof of identity (e.g. Passport, Driver's License, NHIS Card, National ID, Voters ID)
    •   Facility letter duly executed by the applicant
    •   Execution of all security/collateral documentation

    * Conditions apply


  • The Royal Salary Overdraft

    The Royal Salary Overdraft provides individual salaried customers easy and convenient way to meet their urgent financial needs!


    TARGET MARKET

    Individuals whose salaries are paid through The Royal Bank


    FEATURES

    •   Available upon request.
    •   Pricing: Base rate plus margin.
    •   Full payment at end of tenure.
    •   60% of net salary accessible.
    •   Three (3) months revolving facility.


    BENEFITS

    •   Bridges liquidity gap.
    •   Funds accessible anytime (once approved).
    •   Competitive rates.
    •   Early pay off acceptable.
    •   Fast and easy.


    REQUIREMENTS

    •   Fully completed Loan application form.
    •   Valid National Identity (e.g. Passport/Voter's ID/Driver's License).
    •   One (1) passport picture.
    •   Proof of income (3 months pay slip).
    •   Proof of employment (Letter of undertaking from employer).
    •   Three (3) months salary account with TRB.
    •   One (1) month salary account with TRB and six (6) months statement from other Banks for new to Bank applicants.


  • The Royal Scheme Loan

    The Royal Scheme Loan is an arrangement that offers group loans to employees of reputable organisations to finance their dreams!


    TARGET MARKET

    Salaried employees of reputable organizations.


    FEATURES

    •   Maximum Loan amount of GH¢50,000.
    •   Maximum tenure of 36 months.
    •   Companies to provide guarantees for interested employees.
    •   Salaries of employees may not necessary pass through TRB.
    •   Prevailing base rate plus margin.
    •   Repayment not exceeding 40% of employee's salary.
    •   Early pay off acceptable.
    •   Fast and easy.


    BENEFITS

    •   Access to loans for personal use.
    •   Flexible loan repayment.
    •   Competitive interest rates.


    REQUIREMENTS

    •   Fully completed loan application form.
    •   One (1) passport photograph.
    •   Valid National Identity (e.g. Passport/Voter's ID/Driver's License).
    •   Letter of undertaking from employer/Scheme Organisation.
    •   Proof of income (3 months' pay slip).


  • Savings Account

    A means of setting money aside to enable clients save towards a future need


    TARGET MARKET

    All bankable individuals/Association/Clubs/Societies


    FEATURES

    Initial deposit of GHS 20.00

    Minimum operating balance GHS 20.00

    Free quarterly statement

    Free Internal Standing Instructions
    Free cash deposits
    Free cash withdrawals  
    Competitive interest rates
    Allows use of ATM
    No restrictions on withdrawals
    E-statement (available any time)
    Text alert


    BENEFITS

    Competitive Interest Rates

    24 hour access to funds through ATM

    Your money is easily accessible whiles you still earn a return on it


    REQUIREMENTS

    Individuals

    Completed TRB Account Opening Form
    Proof of valid Identity (e.g. Passport/Voter’s ID/Driver’s License, National ID
    Proof of residence, recent utility bill of house of residence or Tenancy Agreement
    Two recent passport size photographs

     Associations, Clubs & Societies (where applicable)
    Completed TRB Account Opening Form
    A copy of the Constitution or Club Rules of the prospective clubs, Societies or Charity
    Resolution to open account and Mandate
    Proof of valid Identity of Signatories (e.g. Passport/Voter’s ID/Driver’s License)
    Proof of residence, recent utility bill of house of residence or Tenancy Agreement of signatories
    Two recent passport size photographs of Signatories
    Completed KYC


  • Current Account

    An account on which cheques are issued against balances


    TARGET MARKET

    All bankable individuals


    FEATURES

    Cedi Denominated

    Free quarterly statement
    Initial deposit of GHS 50.00
    Provision of cheque book
    Free Internal Standing Instructions
    Free cash deposits
    Free cash withdrawals
    Allows use of ATM
    E-statement (available any time)
    Text alert


    BENEFITS

    Easy and Unlimited access to funds

    Convenient way of making bill payments
    24hour access to funds through ATM
    Free Advisory banking services


    REQUIREMENTS

    Completed TRB Account Opening Form

    Proof of valid Identity (e.g. Passport/Voter’s ID/Driver’s License, National ID)
    Proof of residence, recent utility bill of house of residence or tenancy Agreement.
    Two recent passport size photographs
    Completed KYC


  • The Royal Akuafo Account

    A deposit account that allows farmers to pay-in and draw on their Akuafo Cheques as well as cash transactions - affording farmers the opportunity to save towards future needs.                    


    TARGET MARKET

    Farmers


    FEATURES

    Free quarterly statements

    Free internal standing orders

    Initial e-statements

    Initial deposit of GHS20.00

    Minimum operating balance of GHS20.00


    BENEFITS

    Motivating for farmers to save towards future needs

    Aid in proper record keeping on sales and bonus calculation

    Competitive interest rate on savings

    Easy access to your money


    REQUIREMENTS

    Proof of valid identity (Farmers ID/Voter’s ID/Driver’s License/Passport)

    Valid Special Akuafo Cheque issued by License Buying Company with TRB endorsement or farmer’s Passbook for non-license Buying Company

    Copy of valid Passbook

    Two recent passport size photographs

    Completed TRB Customer Relationship Form


  • The Royal Student Account

    A suitable product that meets the demands of students' life


    TARGET MARKET

    Tertiary Students


    FEATURES

    Cedi Denominated

    Initial Deposit of GHS10.00

    Minimum operating balance of GHS10.00

    Very competitive interest rate of 8% p.a


    BENEFITS

    Provision of free initial ATM card

    Free SMS alert

    Guaranted access to TRB Consumer Loan at start of work


    REQUIREMENTS

    Completed and signed TRB Customer Relationship Form

    Proof of valid identity - First Year Students (Student ID and Admission Letter), Continuing Student (Student ID with any National ID)

    Two recent passport size photographs


    CHARGES

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