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Home Purchase

Home Purchase banner

For the outright purchase of turnkey properties for primary accommodation.

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