Universal Merchant Bank's household (personal) loan APR is 22.22% in the Bank of Ghana APR release for May 2026; SME loans 20.69%, corporate 18.94%. Its average lending rate is 17.97%, 7.94 points above the Ghana Reference Rate.
Rank: 18 of 21 banks (lowest household APR = 1) in the Bank of Ghana APR release for May 2026.
APR (Annual Percentage Rate) is the all-in yearly cost of a loan including fees, so it is the fair way to compare banks. Figures are the Bank of Ghana APR release, May 2026.
| Rate | This bank | Lowest | Median | Highest |
|---|---|---|---|---|
| Household (personal) loan APR | 22.22% | 11.62% Stanbic Bank Ghana | 18.90% | 28.13% Agricultural Development Bank |
| SME loan APR | 20.69% | 11.03% Standard Chartered Bank Ghana | 20.24% | 33.58% Guaranty Trust Bank Ghana |
| Corporate loan APR | 18.94% | 7.62% Absa Bank Ghana | 14.32% | 24.67% Guaranty Trust Bank Ghana |
| Average lending rate | 17.97% | 11.23% Stanbic Bank Ghana | 14.36% | 23.49% GCB Bank |
Every column uses the banks reporting that rate in the same release (May 2026); figures from different months are never compared. "Not reported" means the bank gave no figure for that loan type in the release.
Illustration at APR, standard 12-month repayment: borrowing GH¢10,000 over 12 equal monthly repayments would cost about GH¢937.00 a month at Universal Merchant Bank's household APR of 22.22%, against GH¢921.09 at the median of 18.90%. An illustration only: your own rate depends on you and the loan.
Every figure on this page is dated and links the public document it comes from. Figures change over time; the source may have newer figures.
| Household loan APR (1yr) | 22.22 % |
|---|---|
| SME loan APR (1yr) | 20.69 % |
| Corporate loan APR (1yr) | 18.94 % |
| Average lending rate | 17.97 % |
| Spread over GRR | 7.94 % |
| BoG licence status | Licensed universal bank, reporting in the Bank of Ghana APR release |
