Refinancing

Internal Refinancing: Enables you to arrange new financing terms such as currency, amount and term of your existing Stanbic Home Loan. External Refinancing: provides financing to take-over existing home loans from other financial institutions. Cash-Out Refinancing – enables you to access extra money if the value of your property has appreciated over the years.
5 to 20
Years to repay
2.5%
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 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