How to apply for a loan using the Teachers Fund digital platform (Teachers’ Fund Mobile)..
How to apply for a loan using the Teachers Fund digital platform (Teachers’ Fund Mobile)…
Application Process
#01
- Log in to the Teachers Fund app using your staff ID and PIN.
- Please, if you aren’t registered on the app, then you must register first before you can log in.
- Navigate to the loan section and select Apply for a loan.
#02
- Choose between a regular loan and a refinance loan.
- Then accept the terms and conditions and enter your PIN to proceed.
- Next, select your preferred loan products: personal, investment, or habitat.
#03
- Your current affordability from the Controller and Accountant General’s department will automatically appear.
- Enter the loan amount you wish to apply for and your preferred repayment duration in months.
- Next, generate two mandate numbers and their one-time passwords.
#04
- Visit gogpayslip.com, log in, and generate mandate number one.
- After successfully generating it, log out of the portal
- Then log in again to generate mandate number two
- Both mandate numbers and their corresponding OTPs will be sent to you via SMS.
#05
- Once received, input both mandate numbers and OTPs into the form and confirm each one by repeating the entries for mandate one and OTP, then mandate two and OTP.
- Select cheque as your preferred mode of payment.
- Then enter the staff ID of your witness or guarantor.
#06
- For loan amounts below 15,000 Ghana Cedis, a witness is required.
- For amounts above 15,000 Ghana Cedis, a guarantor is needed.
- Ensure the person you select is an active member of the Teachers Fund and is fully registered on the app or web portal.
#07
- You will now see a summary of your application, including any required contribution increments, your monthly repayment amounts, and the full loan duration.
- Enter your PIN again and tap submit to complete the application.
Guarantor/Witness Approval Process
#08
- Your nominated witness or guarantor will receive an SMS from Mutual Fund informing them that you have selected them.
- They must log into the Teachers Fund app,
- Go to pending guarantorship, and either accept or reject the request.
- Once they accept, you will receive an SMS confirmation that your guarantor or witness has approved the application.
#09
- After your guarantor or witness approves the application,
- It will be automatically sent to the Teachers Fund, where the system will assign your request to an officer for processing.
How to monitor the progress of your loan
- Use the loan application status section in the app to monitor the progress of your requests.
Teachers Fund, saving today for a brighter tomorrow.
