By | October 28, 2023

The Student Loan Trust Fund, a loan organization situated in Ghana, serves as an ideal solution for students in Ghana seeking financial assistance. In this discussion, we will provide comprehensive information about this platform.

Established in December 2005, the Student Loan Trust Fund stands as one of Ghana’s most highly regarded lending platforms. It exclusively caters to Ghanaian tertiary institution students facing financial difficulties. If you don’t fall within this category, we encourage you to explore alternative student loan options available on our website.

Related Article: How to win a scholarship to Study Abroad in 2024?

Take your time to properly explore everything on SLTF in this piece.

Requirements to get a loan from the SLTF

The SLTF loan is not universally available. To be eligible for a loan from the SLTF, you must meet certain criteria, including:

  1. You must be a Ghanaian citizen or a resident of the country.
  2. You should have received admission to study at a Ghanaian educational institution.
  3. You will need to provide your student identification card.
  4. Applicants must possess a functional and accessible phone number.
  5. An active email account is also a requirement.
  6. You must have a Ghanaian Card Number, which can be obtained for free.
  7. When applying for loans, it is mandatory for students to provide an ezwich number.

For more detailed information, we recommend referring to the platform’s guide.

Why do you need this loan?

Your enthusiasm for education alone won’t cover your tuition fees. To sustain both yourself and your education in school, you require financial resources. If your current job doesn’t provide sufficient income for your educational expenses and scholarships aren’t available, then obtaining this loan is a viable option if you intend to pursue your education.

In essence, this loan is primarily needed to facilitate your educational pursuits.

How Do I Apply for a Student Loan Trust Fund?

The next thing you want to do after agreeing with the terms or loan requirements is to proceed to apply for the loan. Thank goodness, the steps to follow are not in any way tedious or complicated – we shall soon be done with it.

  • First, visit the SLTF loan page;
  • Click on the menu option at the top right corner of the homepage.
  • Select “Create Account.” This is where you start your loan application. A legal notice will be displayed to you on the next screen. You can either choose to agree or disagree on the note – ensure you go through it properly. Agree to the terms to proceed.
  • Fill in the required details on the next page. Ensure you provide your information accurately.
  • When you are done providing the information required you will receive an activation code on the phone number provided. Supply the code received and click on the Activate Account Option. To apply for a loan or your choice.

Other loan application processes on this site are self-explanatory and what you go for will determine what will be required of you.

With regards to the notice, a hint for you to keep in mind in case you won’t go through it is that you should only apply when you are sure you will provide correct information about yourself. Do not also apply if you don’t want your information to be shared with a third party or published in the National Media if you fail to repay your loan on time.

Related Article: How to win a scholarship to Study Abroad in 2024?

Note that not agreeing to the term means you’re ready to withdraw from the process.


Here are some common questions about applying for the Student Loan Trust Fund in 2024:

How long does it take to process an application?

The processing time can vary, but you can expect a response within a few weeks of submission.

Can I apply for a loan for more than one academic year?

Yes, you can apply for loans for multiple academic years, provided you meet the eligibility criteria each year.

Do I need a guarantor for my loan application?

Yes, a guarantor is required to support your application. They will be responsible for repaying the loan if you default.

What is the interest rate on the SLTF loan?

The SLTF loan has a low interest rate, which is designed to make repayment manageable for students.

Can I make changes to my application after submission?

Unfortunately, once your application is submitted, you cannot make changes. Ensure all information is accurate before submitting.

Is the SLTF loan available for postgraduate studies?

Yes, the SLTF provides loans for both undergraduate and postgraduate studies.

How long does it take to process student loans in Ghana?

Students who fill out an application form for a loan from the Students Loan Trust Fund (SLTF) should get their loans within two weeks of sending in the form. This is, however, only true if the loan application form is filled out correctly and all necessary supporting documents are attached.

Related Article: How to win a scholarship to Study Abroad in 2024?

How Do I Check My SLTF?

  • SLTF will send you a verification code through your email or SMS.
  • Use that verification code to return to the SLTF main page.
  • Enter the verification code and click the “Submit” button. Your student’s loan statement dashboard will open.

What is the interest rate on SLTF?

The highest interest rate for SLTF is 12%. If the T-bill rate goes above 12%, the SLTF will bring it back down to 12%. To save money on interest, it is in the applicant’s best interest to pay back the loan faster than the given time.

How do I activate my SLTF account?

  • If you can’t activate your account to work, click the Login button on the homepage
  • Click the Activate Account button below the Sign-in form.
  • Type in the number on your Ghana card or SSNIT
  • Click on Send Code.
  • Once you get the activation code, type it into the Verification Code field
  • Click the Verify button.

How Do I contact the Students Loan Trust Fund (SLTF)

Please visit the SLTF contact page for a list of all official phone numbers, including our zonal offices across the country.

Kindly call 030 2751020 for more information, or to report any acts of extortion.


You should pay attention to this awareness from the Ghana student loan board. The platform warns that applicants should on no account pay during the application process. Students who end up in regret after applying for a loan or making repayment on this site were simply scammed, making this mistake.

No fees are charged by the SLTF for processing loan applications. Applicants are advised to deal only with officials of the Fund and are at no point required to make any payments for the service.

Borrowers who are making payments are advised to use only SLTF-approved repayment channels on the SLTF website.

According to Nana Agyei Yeboah, the Student Loan ranges from GH1,500 to GH3,000, depending on their needs. Before giving the money to the students, the SLTF did a means test to see if the students could afford it.

Related Article: How to win a scholarship to Study Abroad in 2024?


Applying for the Student Loan Trust Fund (SLTF) in 2024 is a significant step towards achieving your educational goals. By following the outlined steps and ensuring you meet the eligibility criteria, you can secure the financial support you need for your studies.

Remember, the SLTF is committed to supporting students throughout their educational journey, and this guide is your key to a successful application. If you have more questions or need further assistance, don’t hesitate to reach out to the SLTF directly. Your education is important, and the SLTF is here to help you make it a reality.

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