Description / Purpose

Designed to assist applicants to improve their existing residential properties through renovation, redesigning and or extension works. 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

50% of Value of the Property

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 improve existing residential property through value addition
  • Investment option
  • Property value appreciation
  • Flexible repayment options
  • Competitive interest rates