Helvent Micro Credit

Helvent Micro Credit Finance was established in 2018 and has accreditation from both Bank of Ghana and Micro Credit Association. We are a limited liability financial service company that provides innovative consumer credit products.

Responsible lending is our mantra and as such we provide the following products: Payroll Loans, HIL Direct loans, and SmartCash loans to informal or market traders, importers, exporters, freight forwarders and clearing agents that need quick cash to meet their financial needs and demand.

Our processes does not seek to frustrate or delay but to ensure that money comes to you when you need it and for the right purpose. Send us a request form, call or come to our office.

PAYROLL LOAN
Are you a government or corporate employee in need of extra cash? Whether you need to pay for school fees or buy an appliance for your home, a Payroll Loan provides quick cash when you need it.

Loans from GHS 500–GHS 30,000
Flexible repayment terms of 3–60 months
Approvals in 20 minutes or less
Receive cash within 24 hours

DIRECT LOAN
If you’re formally employed and your salary is paid into a bank account, you could qualify for an HIL Direct loan and enjoy the benefits of easy access to cash when you need it.

Quick and easy to apply
No security needed
Loans from GHS 200–GHS 2000
Flexible repayment terms of 3–24 months

SMART CASH
If you are an informal or market trader and need to buy stock for your business, your are importer you need to clear your goods, containers at the port, exporter you need cash top up to meet your target as required by your importer or buyer as well as you are freight forwarder or clearing agent you need to pre finance your clients transaction at the port a SmartCash loan could be the answer for your
These manageable loans can help you grow your business by giving you access to the working capital you need.

Short-term loans of up to 30 days
Easy-to-understand terms
Loans can be advanced and repaid within 1-3months
Receive cash within 24 hours
No security, stock collateral or bank account required

BENEFIT
Because we at Helvent Investment Limited want to help protect our clients, your family in the event that life throws unexpected circumstances your way, we offer easy-to-understand, affordable credit life insurance on selected products.
We currently cover your outstanding balance in the event of the following:

Death (Accidental and natural)
Disability
Critical illness
Retrenchment

Helvent Micro Credit also facilitates and manages the process of the opening of Letter of Credit on behalf of its clientele, and continues the ongoing management of the letter of credit process throughout the period for which a transaction may occur.

Helvent Micro Credit uses the services of several financial institutions and is a representative for most international financial companies. Because of the company’s firm banking relationships in international trade, shipping and commodities, it is positioned to provide flexible and expedited services to its clientele. Due to the flexibility of the company, a specific collateral deposit is not required and Helvent Micro Credit does not necessarily become a creditor to its client companies. Helvent Micro Credit provides an augment to the banking or lending facilities, which may be currently provided by other institutions.

Through its strong banking relationships in which world financial and banking institutions work in conjunction with Helvent Micro Credit, the company avails itself of the foremost experts in the World of Trade Finance and criteria set forth in UCP600 for documentary LC’s and ISP98 for standby Letters of Credit. There alliances help to create opportunities for growth and profitability the client companies.

If your company is looking for a strategy to finance goods to fill your orders, or simply to support growth, Helvent Micro Credit is the right partner for you in your trade financing and growth.

Frequently Asked Questions

Who is HMCS?
We are a financial services company providing innovative credit products to consumers in Ghana. Our products include Payroll and HMCS Direct loans to salaried employees, and SmartCash loans to informal or market traders, importers, exporters, freight forwarder and clearing agents. We also offer credit life insurance on selected products.

Who can apply for a loan?
Are you a government or corporate employee? If your organisation has partnered with HMCS, you can apply for a Payroll Loan. Our partners include the Controller and Accountant General’s Department and the Ghana Police Force, Ghana army forces if you are a salaried employee but your organisation is not an HMCS partner, you can apply for an HMCS Direct loan.
To find out more about our partners and loan options, contact us on +233 303965626

What documentation do I need to get a loan?
Please provide the following documents when applying for an afb loan:
• Your Voters ID or Biometric Passport or National Health Insurance Card• Two passport-sized photos• Your three most recent payslips

How do I apply for an HMCS loan?
Here are 5 easy ways to apply:
• Visit our office at Tema • Call us on: 233 303965626• Chat on WhatsApp: +233 265533181• Send us an email: loans@helventcredit.com• Or apply on our website https://www.helventcredit.com

Do I need collateral to get an HMCS loan?
No, HMCS loans are unsecured.

What is the monthly interest rate?
Interest rates vary depending on the loan term. But generally they range from 4% to 6% per month.

Your rates seem high?
We provide innovative consumer credit products at fair rates and strive to offer our customers the best possible experience. Our loans are fast, convenient and unsecured and our interest rates are fixed for the loan term. To deliver these benefits, we ensure we have the right infrastructure and capabilities in place, and keep the costs to our customers as low as possible while continuing to deliver the high quality products they expect from HMCS

What can I use my loan for?
There are no restrictions on your loan, so how you use the money is up to you. We recommend that you use your loan for goods or services that will add value to your life for a longer period of time than the loan term. Good options include home improvements, buying stock for your business or paying for education.

What loan amount will I qualify for?
We take a number of factors into account when determining a loan amount, including your salary and monthly expenses. While we offer loans of up to GHS 30, 000, you will need to apply to find out the loan amount you qualify for.

How long does it take for the loan to be disbursed?
Once your application has been approved, we’ll disburse the loan right away. Depending on the loan amount, we’ll pay the cash to you in our office or deposit it into your bank account.

How do I repay my loan?
If you have a Payroll Loan, the main method of payment is through your company’s payroll. We also accept direct debits, mobile money payments and cash payments. For more information read through our Payment Options page.

What if the wrong repayment amount is deducted?
In the event of an over deduction, we will take immediate steps to correct the error and refund you, provided your account is not in arrears. If you prefer, you can opt to let the over deduction offset your outstanding loan balance, thereby helping to pay off your loan sooner. For more information, please contact our Customer Service team on +233 303965626 or loans@helventcredit.com

Can I increase my current loan amount?
Yes, you can increase the amount of an existing loan provided you meet certain criteria and can afford to pay back the increased amount.

What is credit life insurance?
We offer credit life insurance on selected products. This insurance covers your outstanding balance in the unfortunate event of your death, disability, critical illness or retrenchment.

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