How to Apply for a Student Loan Trust Fund (SLTF) in Ghana

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Are you a Ghanaian student struggling to finance your tertiary education?

The Students Loan Trust Fund (SLTF) is a government initiative that offers financial assistance to eligible students.

In this guide, we’ll show you how to apply for a student loan from the SLTF in Ghana.

About Student Loan Trust Fund (SLTF) in Ghana

The Student Loan Trust Fund (SLTF) in Ghana provides timely financial services to eligible Ghanaian tertiary students, enabling them to access the education they need to build a better future.

Their vision is to inspire and unleash greater prospects for Ghana’s youth.

If you’re interested in applying for a student loan from the SLTF, now is the time to do it!

The application portal for this year has been opened and over 70,000 students are eligible to apply.

If you’re a student applying for a loan from the Students Loan Trust Fund (SLTF), you may be wondering how much you can receive.

The amount you’ll be given ranges from GH¢1,500 to GH¢3,000, depending on your needs.

The SLTF conducts a means-testing assessment to determine how much you need before disbursing the loan to you.

However, The maximum rate applied is 12%, but the SLTF may review this rate from time to time.

If the T-bill rate goes beyond 12%, the SLTF will fix the rate at 12%.

It’s important to note that it’s in your best interest to pay off your loan as soon as possible to reduce the interest charges.

Also, The SLTF has made it easy for students to repay their loans.

You’ll be given a repayment period, but if you’re able to pay off your loan sooner, that’s even better!

By doing so, you’ll reduce the interest charges and be debt-free sooner.

Eligibility Requirements

As a Ghanaian student in need of financial assistance to pursue your tertiary education, the Student Trust Fund can help!

However, Firstly, you need to have been offered admission to study an accredited tertiary program in Ghana.

Whether it’s a diploma or a first degree, the program needs to be recognized by the trust fund.

Next, you must have a valid Ghana Card Number.

If you don’t have one, you can acquire it for free at designated GRA offices.

You also need to have an active mobile phone number and a valid email address.

These will be used to communicate with you throughout the loan application process.

Additionally, you’ll need to have a student ID card or admission letter to prove that you are indeed a student.

Finally, you’ll need an E-zwich card, which can be obtained from any bank.

This will be used to receive your loan disbursement.

If you meet these requirements, you’re eligible to apply for a loan from the Student Trust Fund.

Don’t let financial constraints hold you back from achieving your goals

How to download Student Loan Trust Fund (SLTF) App

If you want to apply for a loan from the Students Loan Trust Fund, you need to download the mobile app.

Here’s a step-by-step guide on how to download the app and apply for a loan:

First, launch the Google Play Store if you’re using an Android device.

For iOS devices, launch the App Store instead.

Next, search for the app called “SLTF”.

Once you find the app, download it onto your device.

Then, create an account within the app so that you can easily apply for a loan.

That’s it! With the SLTF app, applying for a loan has never been easier.

With this, you can take advantage of this convenient tool and get the financial assistance you need to pursue your education.

How to Apply for a Student Loan Trust Fund (SLTF) in Ghana

As a student in Ghana looking to apply for a loan from the Students Loan Trust Fund, here’s How to Apply for a Student Loan Trust Fund (SLTF) in Ghana

First, visit www.sltf.gov.gh and click on the Signup button.

You’ll be asked to read and agree to a legal notice before proceeding.
If you agree, click on Agree and fill in the required information. Then, click on Next.

On the user account info page, tick the box that says “I agree to terms of service” if you indeed agree to the terms of service.
Then, click on the Create Account button.

If you’ve successfully created your account, you’ll receive an activation code on your phone number or email.
Input the code you received in the textbox provided and click on Activate Account.

Important to note:

If you don’t receive your activation code within 24 hours, please contact the nearest Students Loan office for assistance.

Also, make sure you enter your correct active phone number and email address in small letters to receive the activation code.

Once you’ve activated your account, you can then proceed with your loan application. Good luck!

Conclusion on How to Apply for a Student Loan Trust Fund (SLTF) in Ghana

Applying for a student loan from the SLTF in Ghana is a great way to finance your tertiary education.

By following the steps outlined in this guide and applying online or through the app, you can get the financial assistance you need to achieve your goals.

Remember to pay off your loan as soon as possible to reduce the interest charges!

We hope this article on How to Apply for a Student Loan Trust Fund (SLTF) in Ghana is helpful.

FAQs

Who is eligible to apply for a student loan from the SLTF?

To be eligible, you must be a Ghanaian student pursuing an accredited tertiary program such as a diploma or first degree.

You must also have a valid Ghana Card Number, an active registered mobile phone number, a valid email address, and a student ID card or admission letter.