|
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 |
|
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 |