Existing Bank Loan Deductions Are Being Increased Automatically. Sorry For The Inconveniences, They Said
In rather a long essay form, commercial banks are notifying their loan customers about their ongoing upwards adjustment of their existing loan deductions.
In what appears to be one credit hour lecture, GCB Bank has sent an SMS to their customers about the upwards. The notification read:
See also: GCB Bank To Credit Customers Accounts With Gh50 This Month Ending [Find out why and how]
“Dear sir/madam,
Recent developments in the economy have led to increase in interest rates which has resulted in the GRR, increasing from 14.18% in March 2022 to 27.44% in October 2022. As a result of this, the Interest rate on your loan with GCB Bank PLC will increase effective 1st November 2022, in line with the terms of your facility Agreement. Your monthly repayment amount will now be GHS548.8.
See also: Scam Alert From GCB Bank.
GCB BANK PLC has made efforts to keep this increase delayed and to the minimum. We remain committed to supporting you in these challenging times. You may kindly call on your nearest branch or call our Customer Service Center on Toll-free 0800422422 OR 0202111177 OR 0264270236 should you need any further information.
GCB Bank, your bank for life.”
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