| Description / Purpose |
Designed to assist individuals and business owners to purchase residential properties for their own use or for investment purposes. Vendor must hold clear and undisputed title to the land |
| Target Group |
- Individuals and Business owners
- New Homeowners and Repeat Home Buyers
- Resident and Non-Resident Ghanaians
|
| Max Loan |
- Up to 100% of Property Price / Value for Resident Ghanaians (Cedi)
- Up to 80% of Property Price / Value for Non-Residents (USD)
|
| Equity / Down payment |
Min 20% |
| 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 to be purchased
- Mortgage Life and Hazard insurance
|
| Benefits |
- Opportunity to own a home
- Investment option
- Property value appreciation
- Flexible repayment options
- Competitive Interest rates
- Tax Incentive Savings option
|
