If you’re seeking to purchase serviced plots of land for residential use, this product is designed to help you.
Loan Purpose – To purchase land for residential purposes Tenure – 3 to 5 years Debt Burden - Not more than 40% of net income Maximum Facility Limit – Up to 80% of the value of the land Repayment – Fixed Monthly Repayment
Access to a dedicated relationship officer to handle all activities in relation to mortgage facility. Available funds to purchase your land to build your home. 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.
Land should be for residential purposes Land should be serviced (mapped road network, water, electricity). Minimum loan amount is ¢5,000.00 for cedi and $10,000.00 for dollar. Applicant must pay off the loan before their 60th birthday. Land must have a registered indenture or land title certificate.
Other requirements if you are self-Employed