| 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
|
