| Description / Purpose |
Designed to assist applicants to complete construction of their houses which should have reached at least the lintel level. There must be clear and undisputed title to the land. |
| Target Group |
- Individuals and business owners with uncompleted houses
- Resident and Non-Resident Ghanaians
|
| Max Loan |
50% of Total Cost of Construction |
| Equity / Down payment |
None Required |
| Max Term |
USD = 15 years, GHS = 20 years |
| DSR |
USD = 40% , GHS = 50% |
| Joint Application |
Allowed with Siblings, Spouse, Parent or Children |
| Security / Collateral |
- Mortgage over residential property
- Mortgage Life and Hazard insurance
|
| Benefits |
- Opportunity to complete residential property within a short period and to owner’s taste
- Property price appreciation
- Flexible repayment options
- Credit card bundle
- Tax Incentive Savings
- Competitive Interest rates
|
