Revision of Lending Rates and Loan Repayment Terms

Management of Avenor Rural Bank PLC wishes to inform its cherished Salary and Pension Loan Customers that following the recent reduction in the national policy rate to 15.5% and the gradual improvement in macroeconomic conditions, the Bank has reviewed its lending rates in line with its commitment to support customers while maintaining prudent banking standards.

Accordingly, the interest rate on salary and pension loans has been reduced by 900 basis points, from 34% to 25% per annum, effective 4th March 2026.

Management also wishes to inform customers that the repayment period for salary loans has been extended from 48 months to 60 months, effective 4th March 2026, to provide greater flexibility and ease monthly repayment obligations.

However, the repayment period for pension loans remains capped at a maximum of 24 months.

These adjustments form part of the Bank’s ongoing efforts to ease the financial burden on our valued customers and enhance access to affordable credit.

Customers are encouraged to contact their nearest branch of Avenor Rural Bank PLC for further information and assistance.

For Further Enquiries

Kindly Contact:
1. Head Office - 0596916796
3. Credit Department - 0242969653

Branches:
1. Dzodze - 0596916784
2. Agbozume - 0596916782
3. Denu - 0596916780
4. Ho - 0596916778
5. Sogakope - 0596916777