The Republic Home Purchase Mortgage is designed to assist individuals/joint and companies to purchase residential properties for their own use or for investment purposes.

FEATURES

	RESIDENT GHANAIANS	NON-RESIDENT GHANAIANS
Minimum down payment	Minimum of 20% of property price	Minimum of 20% of property price
Maximum term	20 years	15 years
Processing  fee	1.5% of proposed loan	US $ 250
Facility fee	Nil	1% of proposed loan
Legal Fees	1% of property price for stamp duty of Title Document 0.5% of loan amount for stamp duty on Mortgage deed GH¢5,000 towards registration	1% of property price for stamp duty of Title Document 0.5% of loan amount for stamp duty on Mortgage deed GH¢5,000 towards registration

 

REQUIRED DOCUMENTATION

• Indenture (4 original copies)
• Valuation report
• Copy of land title certificate

 

BENEFITS

• Affords individuals/ company to own their own property
• The property can be used for investment or residential purposes
• The facility can be taken in Ghana Cedis or USD based on income