| Description / Purpose |
Designed to enable applicant(s) who own homes or may have already invested in residential properties to release the equity in those properties for other property related transactions, improve their liquidity position or other investment purposes. There must be clear and undisputed title to the land |
| Target Group |
- Existing homeowners and businesses with properties
- Resident and Non-Resident Ghanaians
|
| Max Loan |
80% of Forced Sale Value |
| Equity / Down payment |
None Required |
| Max Term |
USD = 15 years, GHS = 15 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 release equity (cash flows) for other Investments or business capital injection.
- Flexible repayment options
- Competitive Interest Rates
- Credit card bundle
|
