Ghana
Equity Release
Enables you to unlock the value in your existing property by taking a loan and using the cash released for a variety of personal needs, including the purchase of another home or prime land, business expansion or funding education.
5 to 20
Years to repay
2%
Facility fee
Some Benefits of Home Loans
Loan Choices
Choose from 6 different home loan products
No Limits
No maximum loan amount (totally dependent on income)
Best Value
Competitive variable interest rate in GHS, USD, GBP or EUR
Your terms
Choose to repay your loan at the pace you're comfortable with
Repayment conditions and Insurance
- Loan must be repaid in full over an agreed period by:
- Standing order from a Stanbic Bank salary account
- Direct payroll deduction by employer (Workplace Banking Schemes).
Insurance
- On approval of your home loan, you need to take out compulsory life insurance and property insurance against fire and other perils.
How to get it
- Work for any Stanbic profiled organisation
- Earn a minimum net salary of GHS2,000 or USD1,500 a month
- Be permanently employed
- Be a high net worth individual considering buy-to-let options
- Be over 21 years and under 60 years by the end of the loan term.
- Complete a Home Loan Application form and provide the following supporting documents:
- Proof of income – past three months’ payslips
- Proof of past two years’ employment
- Proof of identity – passport, driver’s licence, Voter’s Identity Card
- Proof of residence
- Offer letter from developer (for Home Purchase, Developer Construction and Employee Mortgage Scheme)
- Bill of quantities, building plan and permit (for home improvement and developer construction)
- Property title documents (To begin title search)
- A Valuation Report from one of our approved valuers will also have to be given to us
- Loan will be approved subject to a positive credit bureau report
-
Repayment conditions and Insurance
-
How to get it
- Loan must be repaid in full over an agreed period by:
- Standing order from a Stanbic Bank salary account
- Direct payroll deduction by employer (Workplace Banking Schemes).
Insurance
- On approval of your home loan, you need to take out compulsory life insurance and property insurance against fire and other perils.
- Work for any Stanbic profiled organisation
- Earn a minimum net salary of GHS2,000 or USD1,500 a month
- Be permanently employed
- Be a high net worth individual considering buy-to-let options
- Be over 21 years and under 60 years by the end of the loan term.
- Complete a Home Loan Application form and provide the following supporting documents:
- Proof of income – past three months’ payslips
- Proof of past two years’ employment
- Proof of identity – passport, driver’s licence, Voter’s Identity Card
- Proof of residence
- Offer letter from developer (for Home Purchase, Developer Construction and Employee Mortgage Scheme)
- Bill of quantities, building plan and permit (for home improvement and developer construction)
- Property title documents (To begin title search)
- A Valuation Report from one of our approved valuers will also have to be given to us
- Loan will be approved subject to a positive credit bureau report