Ghana Students Loan Trust Fund : Loan Defaulters
Loan Defaulters
The following beneficiaries of the Students Loan are due for repayment. The borrowers are in default of their monthly installments or have not started repayment of their loans.
We are therefore asking the under-listed borrowers to repay the loan in order for others to access the fund.
The Trust Fund will publish the names of these defaulters and their respective amounts in the National dailies if they fail to repay their loans on time. See the list here
Mode of Repayment
The modes of repayment of loans are as follows:
1. Periodic deductions from beneficiary’s salary by his or her employer.
2. Direct periodic payments to the SLTF by beneficiaries who are not employees of any organization (i.e. sole proprietorship, self employed etc)
3. Outright payment of total loan amount plus interest due.
Repayments
Employer’s Notice
The Students Loan Trust Fund (SLTF) wishes to bring to the attention of all employers in both the private and public sectors that section 24 of the Students Loan Trust Fund Act, 2011 act 820 enjoins employers to ascertain from employees who are beneficiaries of student loans about their status and report those who have not fully repaid their loans to the SLTF.
Employers are further mandated to withhold monthly installments from the salary of employees and remit same to the SLTF within fifteen (15) days after deduction. Deductions withheld can be paid at the Head office of the SLTF at no. 47, 3rd Crescent Avenue Asylum Down, near Highgate Hotel or into A/C below:
Bank: Ghana Commercial Bank (GCB)
Branch: High Street
Account name: Students Loan Trust Recovery
Account number: 1011130036815
All employers are to note that failure to deduct and remit same to the SLTF constitutes an offense under section 37 of the SLTF Act.
All employers are to note the provisions of the law and act accordingly to help sustain the scheme.
For further information and enquires, please contact the SLTF on 0302 231886/7 or email; info@sltf.gov.gh
Visit our website: www.sltf.gov.gh
ISSUED BY THE STUDENTS LOAN TRUST FUND
Borrower’s Notice
The Students Loan Trust Fund (SLTF) wishes to notify all borrowers of the fund that loan repayment can be made at any branch of the following partner banks nationwide:
A. GHANA COMMERCIAL BANK: SMART PAY
B. NATIONAL INVESTMENT BANK: SPECIAL SLTF PAY IN SLIP
C. ECOBANK GHANA: BANK- COLLECT
D. GN BANK: SLTF CUSTOMIZED PAY IN SLIP
E. PAYMENT CAN BE MADE AT SLTF HEAD OFFICE NO. 47, 3RD CRESCENT AVENUE ASYLUM DOWN, NEAR HIGHGATE HOTEL
F. CHEQUE PAYMENT CAN BE MADE AT ANY OF THE FOURTEEN (14) SLTF ZONAL OFFICES ACROSS THE COUNTRY
| Zone | Fixed Line | Cell phone |
| Accra Poly | 050-1402577 | 050-1402577 |
| Cape Coast | 0332 136754 | 050-1340513 |
| Central University | 0302 923948 | 020-2097484 |
| UPS | 0302 923928 | 050-1402579 |
| Koforidua | 03420 26985 | 023-4753308 / 0501340515 |
| KNUST | 03220 64308 | 020-2097482 / 0501340516 |
| Kumasi Poly | 03220 49824 | 026-4070060 / 0501340517 |
| Legon | 0302 521036 | 050-1402578 |
| Sunyani | 03520 26676 | 020-2097483 / 0501340518 |
| Takoradi | 03120 26910 | 057-3479593 / 0501340514 |
| Tamale | 03720 93363 | 050-1340519 |
| Wa | 03920 21235 | 054-6369473 / 0501340520 |
| Winneba | 03321 94145 | 020-2097485 / 0501340512 |
| Ho | 050-1402580 | 050-1402580 |
Alternatively, employers may be instructed to deduct repayment at source from salaries and remitted to the SLTF. Borrowers can also walk in to the head office of the SLTF to make payment at no. 47, 3rd Crescent Avenue Asylum Down, near Highgate Hotel.
Repay in installment or your entire loan today and help a needy student acquire tertiary education.
All borrowers are to note that failure to repay a loan contracted constitutes an offense under the act and the trust fund shall provide information on defaulters to a credit reference bureau. The Trust Fund may also publish defaulters in a national newspaper which after one month shall be deemed as a ruling of a circuit court against the borrower.
For further information and enquires, please contact the SLTF on 0302 231886/7 or email; info@sltf.gov.gh
Visit our website: www.sltf.gov.gh
ISSUED BY THE STUDENTS LOAN TRUST FUND