New GNAT Loan Limits and New GNAT Loan Interest Rate
We have provided here the new GNAT loan limits. We have also provided current interest rates applied to the GNAT loans.
The National Congress of the Ghana National Association of Teachers passed certain resolutions, in January 2026, to improve the welfare of members. One of such resolutions reduced the interest rates on loans to 14%. Another part of the resolution increased the loan limit that members can access.
Teachers Fund LBG Reduces Loan Interest Rate to 14% Effective 1st March 2026; Loan Limits Increased
The Teachers Fund LBG has announced a reduction in the interest rate on its loan facilities from 16% per annum to 14% per annum, effective 1st March 2026.
The decision, communicated in an official notice dated 27th February 2026 to the Ghana National Association of Teachers (GNAT), forms part of the Fund’s ongoing commitment to providing affordable financial support to teachers across the country.
According to the statement signed by the Chief Operations Officer, Mr. Alfred Dela Agudetse, and the Chief Executive Officer, Mr. Foster Buabeng, the reduction in interest rates is intended to offer significant financial relief to members while maintaining sustainable operations of the Fund.
In addition to the interest rate cut, the Fund has also reviewed its loan ceilings upward to enable members access higher credit facilities. The revised loan limits and repayment durations are as follows:
Personal Loan – Up to GH¢40,000.00 (Maximum duration: 48 months)
Investment Capital Loan – Up to GH¢50,000.00 (Maximum duration: 60 months)
Habitat Loan – Up to GH¢60,000.00 (Maximum duration: 60 months)
Vehicle Loan – Up to GH¢70,000.00 (Up to 84 months)
Management emphasized that while the interest rate has been reduced and loan limits enhanced, the maximum repayment periods remain unchanged.
The Board of Trustees and Management of the Fund reiterated their dedication to supporting teachers with affordable and flexible financial solutions, expressing appreciation to stakeholders for their continued trust and collaboration.
The new rates and loan limits take effect from 1st March 2026.
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