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As a Homeowner with demonstrable source(s) of income who wishes to borrow on a long term basis using your home as collateral, you can access the GHL Bank Equity Release Mortgage. GHL Bank offers existing homeowners the opportunity to release equity, and finance other obligations or personal needs.

 Homeowners may wish to release equity for any reason, including:

  1. Pay college tuition
  2. Fund the expansion of their business enterprise
  3. Other reasons approved by GHL

Facts you should know


Loan Purpose – To finance personal obligations Tenure – 10 to 15 years Debt Burden - Not more than 40% of net income Maximum Facility Limit – Up to 60% of the value of the property Repayment – Fixed Monthly Repayment

What's in for you?

Access to a dedicated relationship officer to handle all activities in relation to mortgage facility. Available funds to finance client’s obligations Easy access to insurance facilities for the mortgage facility. Competitive charges. Transparent terms and conditions.


Property must be residential. Applicant must pay off the loan before their 60th birthday. Applicant must demonstrate valid ownership of the property (in the form of land title certificate or fully registered indenture). Use of funds must be acceptable to GHL Bank. Loan period is up to 10 years for cedi loans and 15 years for dollar loans.

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What we will need from you

  1. 2 forms of identity (passport, license, etc.)
  2. 2 recent passport pictures
  3. 3 months recent pay slips/other sources of income
  4. 3 months recent bank statements
  5. Proof of address (2 different utility bills/tenancy agreements etc.) Credit report (non-resident applicants)
  6. Purpose of loan (equity release)
  7. Bill of quantities (home improvement)


Other requirements if you are self-Employed

  1. Certificate of incorporation and certificate to commence business 3 years audited financial statements
  2. 3 years audited financial statements
  3. Company code: Limited liability companies- Form 3 & 4 and Sole proprietors- Form A
  4. 3 years company bank statement & 1 year personal bank statement (if applicable)