Your pension, your power: Affinity partners with Enterprise Trustees to offer Pension-Backed Loans
Turning long-term savings into short-term opportunities for everyday Ghanaians.
Accra, October 2025. Affinity Africa, Ghana’s leading digital banking platform, has teamed up with Enterprise Trustees, the country’s largest pension trustee, to launch Pension-Backed Loans: a solution that helps Ghanaians access short to medium-term loans using their own Tier 3 pension savings as collateral.
Thanks to this partnership, workers contributing to Enterprise Trustees’ Tier 3 scheme can now access loans at some of the lowest rates in the country, using their pension savings as collateral. It’s a simple way to enjoy financial flexibility today, without sacrificing retirement in the future.
“This is about unlocking possibilities for everyday Ghanaians,” said Abdul-Jaleel Hussein, CEO of Affinity Ghana and added: “By teaming up with Enterprise Trustees, we’re helping workers to plan for tomorrow while achieving goals today”.
Enterprise Trustees, known for its market-leading pension expertise, ensures contributors’ balances remain secure while Affinity brings its signature digital-first, customer-first approach to lending. Together, the two institutions are reshaping how Ghanaians experience financial empowerment, combining the strength of long-term savings with the flexibility of affordable, accessible credit.
To apply for an Affinity loan backed by Enterprise Trustees Tier 3 savings, customers can simply dial *714*333# on their mobile phones.
With Pension-Backed Loans, Affinity and Enterprise Trustees are addressing the high cost of borrowing by providing a secure, customer-first alternative that combines affordability with long-term financial security.
For more information about Affinity’s Pension-Backed Loans read the FAQs section on this post or call 030 278 8788.
FAQs
1. What is the Pension-Backed Loan?
The Pension-Backed Loan (PBL) is a credit facility offered by Affinity in partnership with Enterprise Trustees. It allows Tier 3 pension contributors to access short to medium-term loans, using their accumulated pension contributions as collateral.
2. Who is eligible for this loan?
Active members contributing to Enterprise Trustees’ Tier 3 pension scheme.
Members with consistent contributions for at least 6 months.
Members meeting Affinity’s internal credit assessment and affordability criteria.
3. How does the collateral work?
The loan is secured against the member’s Tier 3 pension balance. Enterprise Trustees provides confirmation of contributions. A lien is placed on the required portion of the balance until repayment is completed.
4. How much can I borrow?
Loan amounts depend on:
The member’s Tier 3 contribution balance.
Affinity’s approved loan-to-value ratio (up to 80% of available balance).
The maximum loan size is capped in line with Affinity’s credit policies.
5. What is the repayment period?
Flexible repayment terms, typically 6 to 36 months.
Repayment is deducted directly from the borrower’s salary or structured monthly repayments agreed with Affinity.
6. What is the interest rate?
Competitive interest rates, lower than unsecured personal loans, because the facility is collateralized by pension contributions. 21.60% per annum on a flat rate
3% processing fee capitalised on the applied loan amount to ensure you receive the exact amount you request/qualify for.
7. Will taking this loan affect my pension?
No, your pension contributions remain intact and continue to grow.
Only the portion used as collateral is restricted until the loan is fully repaid.
8. What happens if I default on repayment?
In the event of default, Affinity will recover the outstanding loan amount from the secured portion of your pension contributions with Enterprise Trustees.
This ensures protection for both the member and Affinity.
9. Can I make early repayments?
Yes, early repayments are allowed without penalty.
Once fully repaid, the lien on your pension account is lifted.
10. Why choose this loan over other personal loans?
Lower interest rates due to pension-backed security.
Faster approval process with Enterprise Trustees’ confirmation.
Continued pension growth while accessing credit.
Flexible repayment terms tailored to contributors.
11. How do I access the Pension Backed Loan?
Just dial *714*333#
Choose option 5, Mortgage & Loans
Then choose institution 5, Affinity
Follow the prompt for your application
You Are In
About Affinity Africa
Affinity Africa is a digital banking platform founded by Tarek Mouganie and headquartered in Ghana, dedicated to providing affordable and accessible financial services to underserved and unbanked individuals, and micro, small, and medium enterprises (MSMEs). Powered by a proprietary technology platform, a branchless business model, and robust credit underwriting capabilities, Affinity offers 24/7 banking services tailored to both digital natives and users with limited digital literacy, driving financial inclusion at a low cost. With no monthly fees or transaction charges, Affinity is among the most affordable and cost-effective players in the region.
The company was founded in 2022, when it received a Savings and Loans license from the Bank of Ghana, the first of its kind granted in over 10 years, and officially launched operations in October 2024, following the regulatory approval of its mobile app. Today, it offers a comprehensive suite of products, including personal and SME accounts, savings, payments, transfers to banks and mobile money wallets, investments, and loans.
Affinity has made a profound impact in the region. It has empowered a large underserved population with easy-to-use affordable banking services, and it has financially included thousands of Africans into the system, who had been previously neglected by traditional banks: 65% of Affinity’s customers never had access to formal banking products and 60% are women operating in the informal sector.
To date, Affinity has raised US$13 million in total funding, including an US$8 million Seed Round, to support its mission to bridge the financial services gap across Sub Saharan Africa.
