You Probably Do Not Change Your Bedsheets Frequently Enough
- 19 October, 2020
- Tips and Advice
How often do you change or wash your sheets? We got you thinking huh? Many of us keep the same…
In Ghana, there are several institutions that offer Ghanaians mortgage loans. Cal Bank, EcoBank Ghana, SG-SSB, Ghana Home Loans, HFC Bank Ghana, Stanbic Bank among others are institutions that offer a mortgage. Currently, apart from delivering the forms in person, institutions like Ghana Home Loans and Royal Estrade Group also allow applicants to apply for the loans online.
Below are the four steps to getting a mortgage loan in Ghana:
1.Pre-Qualification: As a potential borrower before you head out to the bank, here are some of the basic requirements:
However, these requirements vary from different institutions.
2. Select the type of mortgage: There is a wide range of mortgages available to prospective borrowers. It can also be accessed for home acquisition, home furnishing, equity lease.
3.The Interest rate: If you are borrowing in dollars, the interest rate ranges between 10 to 13.5% and 30.5% to 34.5% in cedis. However, this may vary from one financial institution to another.
4. Things to look out for: According to Mr Kofi Siabi, Head of Marketing at Cal Bank, the following should be noted:
This post was put together by Samuel Tettey-Fio. Samuel is a third-year student at Ghana Technology University College (GTUC) studying for a BSc. in Information Technology.
Ghana home loans have been in the Ghanaian loan market for over 11 years. They have grown to become one of the leading and trusted residential mortgage finance provider in Ghana. Recently, meqasa.com and GHL organized one of the biggest housing fairs for real estate prospects in Ghana. The housing fair was held at the GHL Bank forecourt in Airport Residential Area. The fair was organized to handle house or land to purchase, property to rent, home improvement ideas, furnishing, fittings and furniture.