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Max. Rate: 12% p.a.
incl Cedi Mortgages
Repayment Period
Up to 30 years
No Upfront Fees
T&Cs Apply

Up to 30 yrs Repayment

With most of the few available home mortgages available in Ghana having a maximum of 15/20yrs repayment period, we offer an industry-beating 30 years repayment, extendable onto an assumable mortgage. Getting on the housing ladder is a major milestone for many people and repaying a mortgage is a serious commitment. To take advantage of the full 30yr+ home mortgage, it's always advisable that prospective homebuyers start early - anytime you're 21yrs and above.

Longer-term mortgages like what we offer eases the financial pressures on your household, so the lower repayments leave you with more money to spend day to day.

 

Monthly savings from longer mortgage terms

Let’s assume you’re buying a GHS250,000 property at a rate of 3% and have a 30% deposit. Borrowing GHS175,000 over 25 years would cost you GHS830 a month. Adding an extra five years brings the monthly repayment down to GHS738, while a 35-year mortgage would only cost GHS673 a month. That’s GHS1,104 or GHS1,884 less each year. Work out what your repayments would be with a longer mortgage term with our mortgage calculator.

 

Early Repayment Encouraged

However, lowering your monthly mortgage repayments doesn’t add up to overall savings. Using the example above, over 25 years you’ll actually repay nearly GHS249,000 by the time you’ve repaid the initial debt. That’s GHS76,000 in interest.

Increase the term to 30 or 35 years and you’ll spend an extra GHS16,500 or GHS34,000 respectively over the full term you’ve borrowed the money.

 

Extra Repayment Flexibility

Take advantage of lower repayments, especially if paying less each month is the only way you can afford to get on the housing ladder. We do not have any early repayment charges (ERC). It’s worth overpaying if your finances allow it - to save on interest payments. Being able to do this without penalties gives you added flexibility if you get a pay rise or a cash windfall. You can also pay the contractual amount if times get tough.

It’s certainly worth thinking about any extra money you can put into your mortgage over your standard monthly amount to shorten the total length of the mortgage, saving you additional interest over the lifetime of the mortgage. We provide free household income boosters here.

 

It’s not just long term mortgages you need to plan for. Any mortgage loan you apply for is going to be subject to some affordability tests to make sure you really can make the monthly repayments, even if circumstances change.

 


 

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All Residential Mortgages

Up to 12.00% Per Annum Lending Rate

No Closing Cost Mortgages

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YOUR HOME (OR COMMERCIAL PROPERTY) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT - REPAYMENT ASSISTANCE PROGRAMME AVAILABLE FOR QUALIFIED CUSTOMERS. ALL APPLICATIONS ARE SUBJECT TO STATUS AND OUR LENDING CRITERIA - THIS MEANS THAT THE AMOUNT WE WILL LEND YOU WILL DEPEND ON YOUR INDIVIDUAL CIRCUMSTANCES, THE TYPE OF PROPERTY AND THE AMOUNT YOU BORROW.

We are Non-Deposit Taking No Upfront Fee Direct Lenders (not brokers). Terms, conditions and rules govern our operations, so if you disagree with any of them in part or in whole, please don't use our services. All loanable funds are private patient capital from dedicated sustainable and reliable sources and not sourced funds from the general public. We're Fully-Compliant: Our mortgages are structured as Seller-Financed Mortgages (SFM) and where applicable, as Commercial Mortgages, which do not require Bank of Ghana (BoG) regulation. Legal & Compliance Provided by TLA Firm & Ghanaian Partners. For more details, see Regulation & Compliance.

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