|
Description / Purpose |
Designed to enable applicants build their houses on their lands and with their own designs. Development / building permits and approved building plans are necessary requirements. Construction period is within 13 months. |
|
Target Group |
Individuals and business owners who own lands with clear and undisputed title. |
|
Max Loan |
100% of Cost of Construction |
|
Equity / Down payment |
None Required |
|
Max Term |
GHS = 20 years |
|
DSR |
GHS = 50% |
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Joint Application |
Allowed with Siblings, Spouse, Parent or Children |
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Security / Collateral |
•Mortgage over residential property •Mortgage Life and Hazard insurance |
|
Benefits |
•Opportunity to build on applicant’s own land and to their preferences •Potential cost savings •Property value appreciation •Flexible repayment options •Competitive interest rate |