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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. |
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Target Group |
Existing homeowners and businesses with properties |
|
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% |
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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 improve existing residential property through value addition •Investment option •Property value appreciation •Flexible repayment options •Competitive interest rates |