Terms & Conditions

Last Updated: February 2026

Welcome to Exceptional Investment and Loans. By applying for and accepting a loan from us, you agree to be bound by these Terms and Conditions. Please read them carefully before submitting your application.

1. Loan Terms

1.1 Interest Rate

• The 15% interest is calculated on the principal amount at the time of loan approval
• Interest is applied once at the beginning of the loan period
• Total repayment amount = Principal + (Principal × 15%)
• Example: A GHS 10,000 loan requires total repayment of GHS 11,500

1.2 Loan Duration

• Loans are offered for durations of 1, 2, or 3 months
• The loan duration is agreed upon at the time of application
• Extensions may be possible subject to approval and additional charges

1.3 Loan Amounts

• Minimum loan amount: GHS 1,000
• Maximum loan amount: GHS 50,000
• Approved amounts depend on income verification and creditworthiness

2. Repayment Terms

2.1 Repayment Schedule

• Monthly repayments are due on the same date each month
• Total interest and principal are divided equally across the loan duration
• Repayment can be made via Cash, Bank Transfer, or Mobile Money (MoMo)

2.2 Early Repayment

• Borrowers may repay loans early without penalty
• The full interest (15%) is still applicable regardless of early repayment
• No refund of interest for early settlement

3. Default and Penalties

3.1 Late Payment

• A late payment fee of 5% of the monthly installment applies after 7 days of missed payment
• Additional interest of 2% per month will accrue on overdue amounts
• Continuous default will result in legal action

3.2 Default Consequences

• Your guarantor will be contacted and held liable for the outstanding amount
• Legal proceedings may be initiated to recover the debt
• Default information may be reported to credit bureaus
• Future loan applications will be denied

4. Guarantor Liability

• The guarantor must be employed and provide proof of income
• The guarantor's liability includes the full loan amount plus interest and any penalties
• The guarantor will be contacted immediately upon any payment default
• The guarantor has the same legal obligations as the primary borrower

5. Documentation Requirements

5.1 Applicant Requirements

• Valid government-issued ID (Ghana Card, Voter ID, Passport, or Driver's License)
• Current payslip or proof of income
• Passport photograph
• Bank account details
• Residential and workplace information

5.2 Guarantor Requirements

• Valid government-issued ID
• Employment verification
• Contact and residential information
• Signed guarantor agreement form

6. Eligibility

To be eligible for a loan, applicants must:

• Be at least 18 years of age
• Be a Ghanaian resident
• Have a regular source of income
• Provide a qualified guarantor
• Have no outstanding defaults with Exceptional Investment and Loans

7. Approval Process

• Applications are typically processed within 24 hours
• Emergency loans may be approved same-day
• Approval is subject to verification of all submitted information
• Exceptional Investment and Loans reserves the right to reject any application
• No application fee is charged

8. Disbursement

• Approved loans are disbursed directly to the applicant's bank account
• Disbursement typically occurs within 24 hours of approval
• Loan funds must be used for the stated purpose

9. Data Protection

• All personal information is handled in accordance with the Ghana Data Protection Act, 2012
• Information is used solely for loan processing and servicing
• Data may be shared with credit bureaus and regulatory authorities
• See our Privacy Policy for full details

10. Legal and Recovery

• These terms are governed by the laws of Ghana
• Any disputes will be resolved in Ghanaian courts
• Exceptional Investment and Loans may engage debt recovery agents for defaulted loans
• All legal and recovery costs will be borne by the defaulting borrower

11. Changes to Terms

• Exceptional Investment and Loans reserves the right to modify these terms at any time
• Changes will be posted on our website
• Existing loans will continue under the terms agreed at the time of approval

12. Contact Information

For questions about these terms:

• Email: larteyr08official@gmail.com
• Phone: +233 54 671 4708