Home How To How to Apply for a Student Loan Trust Fund  (SLTF) in Ghana 

How to Apply for a Student Loan Trust Fund  (SLTF) in Ghana 

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Here is the ultimate guide on How to Apply for a Student Loan Trust Fund  (SLTF) in Ghana

If you’re a Ghanaian student facing financial hurdles to fund your college or university studies, the SLTF might be a great solution for you. 

This government program aims to help eligible students with financial aid. 

In our guide, we’ll walk you through how to apply for a student loan from the SLTF in Ghana.

About Student Loan Trust Fund  (SLTF) in Ghana 

The Student Loan Trust Fund (SLTF) in Ghana is dedicated to supporting eligible Ghanaian tertiary students by providing timely financial assistance

It allows them access to education and paves the way for a brighter future. 

They aim to inspire and unlock greater opportunities for the youth of Ghana.

The application portal for this year is now open, with over 70,000 students eligible to apply. 

If you’re considering applying for a loan from the SLTF, you might be curious about the loan amounts available. 

The loan ranges from GH¢1,500 to GH¢3,000 based on your specific needs. 

Before disbursing the loan, the SLTF evaluates your needs through a means-testing assessment.

Also, It’s important to note that while the maximum interest rate is set at 12%, the SLTF might adjust this rate occasionally. 

If the T-bill rate exceeds 12%, the SLTF will cap the rate at 12%. 

It’s highly advisable to repay your loan as early as possible to minimize interest charges.

Repaying your loan to the SLTF is convenient for students. 

Although you’ll be given a specific repayment period, paying off the loan sooner is advantageous as it decreases interest charges and allows you to become debt-free more quickly.

Eligibility Requirements

To be eligible for the student trust fund loan, 

Firstly, you must have secured admission to an accredited tertiary program in Ghana recognized by the trust fund, be it a diploma or a first degree.

Secondly, having a valid Ghana Card Number is a must. 

If you don’t have one yet, you can easily obtain it at designated GRA offices for free.

Additionally, having an active mobile number and a valid email address is necessary. 

These will serve as communication channels during your loan application process.

Furthermore, you’ll need either a student ID card or an admission letter to validate your student status.

Lastly, get an E-zwich card from any bank. This card will facilitate the receipt of your loan disbursement.

How to download Student Loan Trust Fund  (SLTF) App

When it comes to How to Apply for a Student Loan Trust Fund  (SLTF) in Ghana, follow these simple steps to download the mobile app and initiate your loan application:

  • Begin by opening the Google Play Store if you’re using an Android device. For iOS devices, open the App Store instead.
  • Search for the app named “SLTF”.
  • Once you locate the app, download it onto your device.
  •  Afterward, set up an account within the app to streamline your loan application process.

That’s all there is to it! The SLTF app simplifies the loan application process, making it more accessible. 

How to Apply for a Student Loan Trust Fund  (SLTF) in Ghana 

If you’re a student in Ghana seeking a loan from the Students Loan Trust Fund, here’s a guide on How to Apply for a Student Loan Trust Fund (SLTF) in Ghana:

Afterward, you’ll need to read and agree to a legal notice before moving forward. 

If you agree, click on Agree and fill in the necessary details. 

  • Then, proceed by clicking on Next.

On the user account info page, if you’re in accordance with the terms of service, check the box that says “I agree to terms of service” and hit the Create Account button.

  • Upon successful account creation, an activation code will be sent to either your phone number or email. 
  • Enter this code into the provided textbox and click on Activate Account.

Here are some important points to remember:

If you don’t receive your activation code within 24 hours, reach out to the nearest Students Loan office for assistance. 

Also, ensure that you input your correct active phone number and email address in lowercase to receive the activation code.

  • Once your account is activated, you can proceed with your loan application. 

Conclusion on How to Apply for a Student Loan Trust Fund  (SLTF) in Ghana 

Getting a student loan from SLTF in Ghana is a smart move to fund your college studies. 

Just follow the steps in this guide, apply online or via the app, and you’ll secure the financial help to reach your educational dreams. 

It’s important to repay the loan early to cut down on interest fees!

We hope this article on How to Apply for a Student Loan Trust Fund  (SLTF) in Ghana is helpful. 


Who is eligible to apply for a student loan from the SLTF?

To be eligible, you must be a Ghanaian student pursuing an accredited tertiary program such as a diploma or first degree. 

You must also have a valid Ghana Card Number, an active registered mobile phone number, a valid email address, and a student ID card or admission letter.

How much can I receive from the SLTF as a loan?

The amount ranges from GH1,500 to GH3,000, depending on your needs. 

The SLTF conducts a means-testing assessment to determine how much you need before disbursing the loan to you.

What’s the interest rate on an SLTF student loan?

The maximum interest rate applied is 12%, but the SLTF may review this rate from time to time. 

If the T-bill rate goes beyond 12%, the SLTF will fix the rate at 12%.

How can I apply for an SLTF student loan?

You can apply by visiting the SLTF website or downloading the app on your mobile device. 

Create an account and fill in the necessary information. 

The SLTF will conduct a means-testing assessment to determine how much you need before disbursing the loan.

How can I make repayment easier?

The SLTF has made it easy for students to repay their loans. 

You’ll be given a repayment period, but it’s in your best interest to pay off your loan as soon as possible to reduce the interest charges.


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