Ghana

Equity Release

Equity Release banner

Unlock the value of 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.

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

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 GHS6,000 or USD2,500 or GBP 1,800 a month
  • Be permanently employed on a structured salary or self-employed with good business financials.
  • Be over 21 years old 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 – most recent three months’ payslips
    • Proof of continuous employment for two years
    • Proof of identity – Ghanaian Passport or Ghana Card
    • Letter of Undertaking from employer
    • Offer letter from developer (for Home Purchase, Developer Construction, Vacant Land Financing and Employee Mortgage Scheme)
    • Bill of quantities, building plan and permit (for home improvement and developer construction
    • Property title documents (to confirm property documents have been perfected)
    • Ground rent receipt, Building permit and Property rate receipt.
    • 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 GHS6,000 or USD2,500 or GBP 1,800 a month
  • Be permanently employed on a structured salary or self-employed with good business financials.
  • Be over 21 years old 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 – most recent three months’ payslips
    • Proof of continuous employment for two years
    • Proof of identity – Ghanaian Passport or Ghana Card
    • Letter of Undertaking from employer
    • Offer letter from developer (for Home Purchase, Developer Construction, Vacant Land Financing and Employee Mortgage Scheme)
    • Bill of quantities, building plan and permit (for home improvement and developer construction
    • Property title documents (to confirm property documents have been perfected)
    • Ground rent receipt, Building permit and Property rate receipt.
    • 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