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If you’re seeking to purchase serviced plots of land for residential use, this product is designed to help you.


FACTS YOU SHOULD KNOW

Features

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

What's in it for you?

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.

Eligibility

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.


Looking For The Right Mortgage For You?

Let us help you identify the most suitable mortgage product to meet your unique needs today

What we will need from you

  1. 2 forms of identity (passport, license, etc.)
  2. 2 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.) Offer letter from vendor
  6. Credit report ( non-resident applicants)

 

 

 

Other requirements if you are self-Employed

  1. Certificate of incorporation and certificate to commence business
  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)