How to Apply for the GNAT Trust Fund Loan  

Are you a teacher who is a member of the Ghana National Association of Teachers (GNAT) trust fund and looking for a quick loan to take care of some business?

Did you know that the trust fund can give you a loan with a much better and reasonable interest rate than traditional lenders and banks? Well, now you do.

You can get a loan from the GNAT trust fund established by the Ghana education service to care for teachers’ needs and serve as a retirement supplement.

The GNAT fund loan has an issuance charge of just 2% and a processing fee of 4%, which are paid respectively as part of the loan repayment.

The loans come in packages as well, to serve whatever purpose you want it to serve. Is it a personal loan? Or do you want it for your car or home? They have packages for each of these and more, and there are requirements. Take the guide below:

GNAT Fund Personal Loan

The organization’s personal loan package helps members solve short-term financial burdens like paying for their rent, family economic issues, school fees, and even emergencies that need financial attention.

The fund allows members to loan up to GHS 15,000 and pay in installments. Many members go in for a personal loan every now and then because basic needs are necessities and can become burdensome at some point.

Personal Loan Application Requirements

Any member of the Ghana National Association of Teachers who wishes to apply for a personal loan should present the following:

Completed personal loan application form that can be picked at any district GNAT secretariat

Two (2) passport pictures

Two (2) signed mandate forms with different serial numbers

Loan advance forms

They must present an authority note

They must also present a valid national identification

Their most recent payslip

The GNAT Trust Habitat Loan

Suppose you are thinking about expanding your room, renovating your house, buying building materials to begin construction, or even buying land. In that case, the GNAT trust habitat loan is what you need to go for.

This loan supports members initiating housing plans to resolve their accommodation challenges. Members can get up to GHS 30,000 to start whatever housing project they decide to pursue.

Habitat Loan Application Requirements

Any member of the Ghana National Association of Teachers who wishes to apply for a Habitat Loan must provide the following:

Habitat Loan Application form, which is available for pick up at any district GNAT secretariat

  • Two(2) passport size pictures
  • Two signed mandate forms with different serial numbers
  • One loan advance form
  • Two authority notes
  • They must present a copy of a valid national identification card
  • They must also submit their most recent payslip
  • Provide ownership documentation such as indenture, Yellow Card, Land Title, and Building Permit. Etc.

The GNAT Fund Vehicle Loans

With the GNAT fund vehicle loans, you can finally get that 4X4 or Toyota Corolla you have always dreamed about buying.

The association offers this loan package to its members to help n the acquisition of non-commercial vehicles.

The fund currently has a ceiling of GHS 40,000 and a maximum tenure of 60 months and 84 months for used and new cars, respectively.

You can finally ditch that old car. Your students have been mocking you behind your back. Get the fund vehicle loan today.

Vehicle Loan Application Requirements

To apply for the Ghana National Association of Teachers vehicle loan, you need to present the following:

Completed Vehicle Loan application forms that can be picked up at any district GNAT Secretariat

  • Two (2) passport pictures
  • Two (2) signed mandate forms with different serial numbers
  • Loan advance form
  • Authority note
  • A copy of a valid national identification card
  • Present a most recent payslip
  • Valuation report on the vehicle to be purchased
  • Any applicant must submit an invoice provided by a vehicle vendor as part of the application process.

The GNAT Investment Loan

Investment is one way to become rich for a very long time. Investing in assets and businesses guarantees financial independence. GNAT provides this opportunity through the investment package to help members make something for themselves through reasonable investment opportunities.

Application requirements for the Investment Loan

Members who wish to apply for the investment loan need to present the following:

  • Completed Investment Capital Loan forms
  • Two (2) passport pictures
  • Two (2) signed mandate forms with different serial numbers
  • Loan advance form
  • Authority note
  • Copy of a valid national identification card
  • Most recent payslip
  • Evidence of business ownership( you can provide your business documents such as local permits)

Conclusion

As a member of the Ghana National Association of Teachers, you are not limited to the benefits of being a member.

Apply for a loan when you need it and when you are approved, use it wisely and payback. If you are not a member of the trust, join now. 


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