Read the terms on the back page, fill every box, sign, then press Send for approval.

ICU Ghana emblem — Industrial and Commercial Workers UnionLOCAL - FCB

ICU (Local-FCB) Interest Free Loan Form

Tel: 050 999 5257

Tel: 054 229 9610

Tel: 053 139 9779

Email: ICU-FCB@OUTLOOK.COM

Applicant Personal Details

Name:
Branch:
Account Nº:
Mobile Nº:
Designation:

Application Details

Amount Request:
Purpose:
Health
Education

Note:

Have you read, understood and accepted the Terms and Conditions of this loan program? (PLEASE TURN OVER). Kindly indicate below.

YES
NO

Endorsement

Applicant Signature::
ICU Branch Rep. Signature:
ICU Secretary/Chairman Signature::
Amount Approved:

Please read, understand, and accept terms & conditions before filling this form.

Terms & Conditions

  1. 1. ICU (Local-FCB) Interest Free Loan Program is only for ICU members of FCB
  2. 2. Loan can be accessed once a month per member under one class (Health or Education).
  3. 3. Priorities will be attached to "first-come, first-served" basis and fresh historical applicants subsequently until exhaustion of monthly quota.
  4. 4. Repayment term for Health option is tied to the next Salary and Education Option is tied to the next (3) Salary (Equal Deductions) of the applicant.
  5. 5. Liability of Repayment lies on applicant only.
  6. 6. To qualify to access option Health, one must be genuinely sick at the time of duty, have access to the form to complete by proximity, having already filled the Bank's medical form and truly needy.
  7. 7. To qualify to access the Partial Education Funding option, the applicant must show a current education bill from an approved tertiary institution and provide proof of students' fee payment portal balance for verification.
  8. 8. By signing this form, you authorise direct debit of your staff bank account or other accounts when payment is due.
  9. 9. Your debit service ratio against your staff bank account must not be more than 70%, including welfare loans.
  10. 10. Applicant must be at the branch (in person) during working hours to initiate application. Loans can not be accessed outside the premises of the bank or outside working hours. Applicant must not be on leave.
  11. 11. The next cycle of applications falls on the 21st of every month.
  12. 12. Black and white photocopy forms are not acceptable. All forms (original) must be accessed from Excecutives or Branch Reps. at respective branches.
  13. 13. 80% and 20% of monthly quota is allocated to Health and Education.
  14. 14. All pending applications after exhaustion of monthly quota are null and void and will not be rolled over to the next month as this program is for emergency situations at present month.
  15. 15. All conditions must be fully satisfied to qualify.
  16. 16. Forms must be completely filled, endorsed, and approved before disbursement.