Students Loan Trust Fund: How to get a student loan in Ghana

How to get a student loan in Ghana from the Students Loan Trust Fund? Are you a Ghanaian student facing financial hurdles in pursuing higher education? Discover how the Students Loan Trust Fund (SLTF) can be your gateway to academic success.

This guide provides step-by-step instructions on applying for a student loan, qualification criteria, and essential information to make your educational dreams a reality.

The Students Loan Trust Fund serves as a financial institution offering low-interest loans to tertiary students, making higher education accessible.

This guide aims to assist students, especially newcomers, in navigating the application process and leveraging the SLTF platform to alleviate financial burdens.

About the Students Loan Trust Fund

Established in December 2005, SLTF aims to provide financial resources for tertiary education, promoting national ideals. Governed by a Board of Trustees, SLTF sources funds from various channels, including contributions from the corporate sector and international partners.

Requirements for a Students Loan Trust Fund loan

If you are a Ghanaian below 45 years old, pursuing an accredited tertiary program, and possess the required documentation, follow these steps to apply for an SLTF loan:

1. Obtain a valid Ghana card number.
2. Possess a student ID card or admission letter.
3. Ensure an active phone number and a valid email address.
4. Acquire an E-zwich card from any bank.

How to create a Students Loan Trust Fund account

To initiate the application process, create an SLTF account by following these steps:

1. Visit the SLTF login website: https://application.sltf.gov.gh/ui/Login.
2. Click on ‘Create an Account.'
3. Read and agree to the legal notice.
4. Enter the required information and proceed.
5. Activate your account using the received code via email or SMS.

Note: Contact your student loan office if the activation code is not received within 24 hours.

How to activate your SLTF account

If you encounter issues activating your account, follow these steps:

1. Visit the login page.
2. Click on ‘Activate Account.'
3. Enter your Ghana card number/SSNIT number.
4. Receive and enter the activation code via SMS.
5. Click ‘Verify' to complete the activation process.

How to reset your SLTF password

Forgot your SLTF password? Here's how to reset it:

1. Visit the SLTF login page.
2. Click ‘Forgot Password.'
3. Enter your Ghana card number/SSNIT number.
4. Receive an activation code via SMS.
5. Enter the code and set a new password.

How to Apply for an SLTF loan

1. Visit SLTF website and click on ‘Apply for Loan.'
2. Complete the online application with the necessary details.
3. Submit the filled forms online.
4. Print two copies and submit them, along with the required documents, to the nearest SLTF office.
5. Visit any SSNIT branch for fingerprinting.

Loan Approval and Disbursement

Interest Rate and Repayment

The SLTF imposes a maximum interest rate of 12%, regardless of the Treasury bill rate. Repay loans promptly to minimize interest charges.

You can repay your Students Loan Trust Fund loan through periodic deductions from your salary, direct payments, or outright payment of the total amount plus interest.