All about 2023 NAGRAT Loan Chart – Interest Rates & Payment

The NAGRAT (National Association of Graduate Teachers) Loan is a financial program designed specifically for teachers in Ghana. It aims to provide them with access to affordable loans to support their personal and professional development.

Whether you need funds for further education, housing, or any other purpose, this loan can be your solution.

How to be eligible for the NAGRAT Loan

To be eligible for the NAGRAT Loan, teachers must meet the following criteria:

  1. Must be a registered member of NAGRAT.
  2. Must be currently employed as a teacher in Ghana.
  3. Must have a good credit history and repayment capacity.

Benefits of the NAGRAT Loan

  1. The interest rates offered through this loan are competitive and designed to provide teachers with affordable borrowing options.
  2. The loan chart offers various repayment terms, allowing individuals to choose a plan that suits their financial situation.
  3. Whether you need funds for further education, housing, or any other purpose, the NAGRAT loan can help you achieve your goals.
  4. The application process is designed to be simple and efficient, ensuring that teachers can access the funds they need in a timely manner.

Factors to consider when taking the NAGRAT Loan

1. Eligibility Criteria

To qualify for this loan, you must be a member of NAGRAT and have been a teacher for at least three years. You should have a good credit history and be able to provide the necessary documentation to support your application.

2. Loan Amount and Interest Rates

The loan amount you can borrow will depend on various factors, such as your income, credit history, and the purpose of the loan. It is essential to evaluate your financial needs and determine the amount you require before applying for the loan.

3. Repayment Terms

Take the time to review the repayment period and the monthly installment amount. Ensure that the repayment schedule aligns with your financial capabilities and that you will be able to comfortably make the required payments.

4. Additional Benefits and Services

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Some loans may offer benefits such as insurance coverage or financial counseling services. These additional benefits can provide added value and support to borrowers. Take the time to explore and understand all the perks associated with the loan to make an informed decision.

5. Alternatives and Comparison

Compare the terms, interest rates, and repayment options of different loans to find the most suitable option for your needs. This will help you make a well-informed decision and ensure that you choose the loan that best aligns with your financial goals.

NAGRAT Lan Chart

NAGRAT Loan chart is the official loan chart used by the NAGRAT Fund for the calculation of loan interests and duration of payment. This chart is often reviewed and updated by the NAGRAT board from time to time.

NAGRAT Loan Chart 2023

The NAGRAT Loan Chart has categorized repayment structures under;

  1. Principal
  2. Duration
  3. Interest on the loan
  4. Total repayment and Monthly deduction

About NAGRAT Loan

  • According to the NAGRAT Fund new loan schedule, the principal amount ranges from Gh¢1,000.00 to GH$40,000.00 depending on each teacher’s affordability.
  • The duration for repayment is spread across six (6) to forty-eight (48) months period for beneficiaries.

How to Calculate NAGRAT Loan Interest

If you take a loan of GHS 2,000 (Principal) from the NAGRAT Fund, your total repayment amount will be GHS 2,240 for a period of 12 months with a monthly deduction of GHS 186.70

This means the interest rate on the loan for the 12 months period is GHS 240.00. The leadership of NAGRAT has therefore said any member of the Association who is interested in the Loan package should contact their District NAGRAT office or the leadership for assistance.

How to Login NAGRAT Loan Portal

You can log into your online NAGRAT Fund Loan portal with these guidelines;

  1. Visit the NAGRAT Fund Portal via
  2. Enter your Staff ID and Password
  3. Enter the Capture Code and click on the sign-in button
  4. Wait for the system to authenticate and redirect to the dashboard

NAGRAT Fund Loan Repayment Schedule for teachers

CLICK TO VIEW NAGRAT Fund Loan Repayment Schedule for teachers

NAGRAT Contact Details

PHONE: 0302 227254, 0302 227227, 0302 227261
EMAIL: Email: [email protected]


The 2023 NAGRAT Loan Chart is an excellent opportunity for teachers in Ghana to access affordable loans to support their financial needs. With competitive interest rates, flexible repayment options, and a simple application process, this loan chart provides teachers with the support they need to thrive personally and professionally.

If you are a teacher and require financial assistance, consider exploring the NAGRAT Loan Chart and take advantage of the benefits it offers.

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