As an existing homeowner you can apply for a mortgage facility to renovate or extend your property.
Loan Purpose – To renovate or extend an existing property. 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.
Access to a dedicated relationship officer to handle all activities in relation to mortgage facility. Available funds to renovate your existing residential property or for home expansion. Easy access to insurance facilities for the mortgage facility. Competitive charges. Transparent terms and conditions. Flexibility to purchase your land from a preferred real estate company or individual.
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.
Other requirements if you are self-Employed