|
Description / Purpose |
Designed in collaboration with Government through the NHF to assist tax paying individuals and business owners to acquire their primary residential properties for use from approved Estate Developers under the Scheme. |
|
Target Group |
All tax paying resident Ghanaians |
|
Max Loan |
GHS350,000 |
|
Max Term |
20 years |
|
Interest Rate |
18.3% p.a. |
|
Qualification Criteria |
Income & Age, must be acquired from an approved developer under the Scheme. |
|
DSR |
50% |
|
Joint Application |
Allowed with Spouse only |
|
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 •Concessionary Interest rates •Tax Incentive Savings option |