The HFC Home Completion Mortgage assists applicants to complete construction of their houses. The amount required from HFC Bank to complete the house must fall within the maximum loan.

Description
Loans shall not exceed 50% of the total cost of construction of the property  and the property must have reached at least the lintel level.  The maximum term for this facility is 15 years for both cedi and foreign currency loans.

Applicants are required to submit duly registered, clear and undisputed title to the property. A development permit, building permit and approved building plans are also necessary requirements.
       
The loan is disbursed in stages.  HFC Bank will inspect the property after each stage of disbursement to ensure that the funds are utilised as agreed.
       

  Resident Ghanaians Non-Resident Ghanaians
Maximum Loan Subject to customer’s credit profile Subject to customer’s credit profile
Minimum Contribution 50% of cost of construction and property must have reached lintel level. 50% of cost of construction and property must have reached lintel level.
Maximum Term 15 years 15 years
Processing Fee 1.5% of proposed loan USD 250 /GBP 150
Facility Fee Nil 1% of proposed loan
Management Fee 2.5% of property value 2.5% of property value
Legal Fee
(Towards registration of legal documentation)
0.5% of loan amount for stamp duty on Mortgage Deed and GHC600 towards registration on the title (if document is already registered, if not GHC1,500.00 toward registration on the title). 0.5% of loan amount for stamp duty on Mortgage Deed and GHC600 towards registration on the title (if document is already registered, if not GHC1,500.00 toward registration on the title).1% of proposed loan