The HFC Home Improvement Mortgage is designed to assist applicants to undertake renovation and extension works on their existing houses. The loan can also be used to acquire fixtures of chattels for the home. The target group for this product are existing homeowners and companies with properties.

Description

The maximum term for this facility is 15 years for both cedi loan and foreign currency loan.

The applicant is to provide clear and undisputed title to the property, which must be duly registered.

  Resident Ghanaians Non-Resident Ghanaians
Maximum Loan 50% of the value of the property and not exceeding the ceiling of USD 45,000 or its equivalent in Cedis
Maximum Term 15 years 15 years
Processing Fee 1.5% of proposed loan USD250 /GBP150
Facility Fee Nil 1% of proposed loan
Legal Fee
(Towards registration of legal documentation)
0.5% of loan amount for stamp duty on Mortgage Deed and
GH¢600 towards registration on the title (if document is already
registered, if not GH¢1,500.00 toward registration on the title).
0.5% of loan amount for stamp duty on Mortgage Deed and
GH¢600 towards registration on the title (if document is already
registered, if not GH¢1,500.00 toward registration on the title).