HomeBuilding & ConstructionBanks That Give Mortgage Loans In Ghana

Banks That Give Mortgage Loans In Ghana [Our Top Picks]

There are many banks offering mortgage loans in Ghana. The list is pretty long and if you are interested in the best ones to consider when looking for a home loan, then look no further as we have them here. 

You will find useful information about them, including how much you should save for a down payment or how to get a mortgage in Ghana and the current mortgage rate available in Ghana today.

If you’re looking to get a mortgage loan in Ghana, know that there are many options for you to decide from. 

Many banks give home loans easily, with no credit checks or down payments required, all you have to do is sign the deal, and you are good to go.

If you’re looking to get a mortgage loan in Ghana, know that there are many options for your financial goals. 

Many banks give home loans easily, with no credit checks or down payments required.

With the help of this article, you can get answers to the questions you have been asking, such as: What are the best home loans in Ghana? 

What are the best mortgage providers in Ghana? What is a Mortgage? 

We have also compiled a list of 8 mortgage providers in Ghana who will help you secure a mortgage loan at very competitive interest rates.

Getting your own home is one of the most satisfying achievements you can make as a human being. 

But along with that, buying a home comes with many challenges and moving from place to place is never easy. 

Because Ghanaians are not their masters in many ways, getting a loan to buy a house can be quite difficult. 

Mortgage Loan Interest Rate In Ghana

The normal interest rate for all banks is 11% if you intend to settle the payment within 10 years, but you will have to pay 21% interest if you intend to settle the payment within 20 years.

In this article, we have reviewed some banks that offer mortgage loans in Ghana.

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Mortgage Providers In Ghana You Need To Know:

  • Bond Financial Services
  • Dalex Financing
  • Fidelity Bank
  • First National Bank
  • Republic Bank
  • Stanbic Bank
  • Societe Generale Ghana
  • Omni Bank

Now lets us talk about each one of them 

Banks That Offer Mortgages In Ghana 

mortgage house

1. Bond Financial Services

Bond financial service is not a mortgage bank institution but offers loans to people.

These loans can be used to settle your mortgage and for other activities such as construction (this is only when you decide to build the house yourself.)

2. Dalex Financing

Dalex is also a non-banking mortgage institution. Just like Bond financial services, these companies offer loans for individuals, be it private workers or government workers; you can then use the money to settle your mortgage payments and negotiate with them on how you intend to repay your loans.

3. Fidelity Bank

Fidelity is one of the best banks in Ghana and is known to be the best bank to work with in terms of home loans. 

They have many services such as mortgages, investment banking and personal banking. 

To qualify for a mortgage on Fidelity bank, you must be a customer for at least three months. 

The minimum amount you can get from Fidelity bank is GHS 159,000 ($20,000).

Available Mortgage Products Offered By Fidelity Bank Ghana

Fidelity offers many types of mortgages for you to choose from, and the best part is they have flexible payment methods, making it easy for you to pay back your loans.

Here are the mortgage types at Fidelity bank:

  • Home improvement mortgage
  • Home completion mortgage
  • Home purchase mortgage
  • Home equity mortgage
  • Serviced plot finance

Fidelity Bank Address And Branches 

  • Locations: fidelity bank has many branches across Ghana. You can click here to see all Fidelity bank branches in Ghana.
  • Tel: 0800 00 3355 (Ghana only)
  • or +233 0302819292 (All countries)
  • WhatsApp: 0245226400
  • Email: [email protected]
  • Website: https://www.fidelitybank.com.gh/

4. First National Bank

First National Bank is known to be the leading mortgage provider in Ghana. 

According to House Financing Africa, the First national bank amounts to 50% of Ghana’s market share regarding mortgages.

Available Mortgage Products Offered By First National Bank

  • Save To Own Mortgage – With this type of mortgage, anybody can start saving up on their bank. 

You will have to save for 12 to 24 months and then receive a home loan from this bank.

  • Home Construction Mortgage – if you come across the land you are interested in owning but don’t have the amount to pay for it, First national bank will be able to make the payment for you, and you will be given 10 to 15 years to repay the loan.
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One thing that makes this bank stand out is how they make it easy for you to settle your loans by giving you more years.

  • Home Improvement And Completion Mortgages: Maybe you decided to build your dream home and went into difficulties making you unable to continue the construction.
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FNB can come to your aid by helping you complete the building and then make you pay it back later.

Land Purchase Mortgage:

  • FNB can help you buy your dream land even if you don’t have the money.
  • All you have to do is a land mortgage with them.
  • They will take care of buying the land for you.

You will be given 3 to 5 years to repay the loan.

 First National Bank Address And Branches 

  • Locations: First national bank has many branches across Ghana. Visit their website and select Contact Us and then choose Branch Locator 
  • Tel: +23 324 243 5050
  • Fax Number: +23 324 243 5202
  • [email protected]
  • Digital Address: GA-107-2442

Head Office Postal Address:

First National Bank Ghana Limited

  • PO Box TU23
  • Accra
  • Ghana
  • Website: First national bank’s official website

5. Republic Bank

Republic bank has been in operation for quite a long time now. The company started as A home finance company and recently changed its name to republic bank. This change came after it acquired HFC bank.

Republic bank is one of the best banks to deal with when you want to own one of the affordable houses built by the Ghana government.

The company has financed over 400 mortgages (and still counting) 

When you get a loan from Republic bank, the maximum number of years you can use to pay back is 20 years. 

And the maximum loan you can get from Republic bank is GHS 25,000.

Available Mortgage Products Offered By Republic Bank

  • Home Purchase Mortgage – These loans help individuals to purchase their dream house and pay later
  • Home Equity Loan – This allows people already having a house or a property to get the additional loan so that they can use it to build or buy another house using their property as a collateral
  • Republic Bank Assisted Loan Scheme- This loan is given to bank employees. They can use this loan to buy their dream house, which will be deducted from their monthly salary.
  • Home Improvement Mortgage – This loan help homeowners renovate their homes
  • Public Sector Employees Home Scheme – This loan is given to public employees and will be deducted from their monthly salary
  • Build & Own A Home – This loan is given to individuals who want to acquire lands and build their dream house over time. 

The beneficiary will contribute 10% of the cost of the land, and the bank will settle the rest. After buying, you will have some years to pay back.

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Republic Bank Address And Branches 

  • Locations: Republic bank has many branches across Ghana. You can click here to locate their branches.
  • Tel: +233 30 2 429555
  • Website: Republic Ghana website 
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6. Stanbic Bank

Stanbic Bank offers mortgage loans to Ghanaians, making their mortgage process easy.

This bank has a home loan duration of 5 to 20 years, meaning when you request a loan, you will have more time to pay it back.

Available Mortgage Products Offered By Stanbic Bank 

  • Home Purchase Mortgage
  • Developer construction mortgage
  • Employer group mortgage 
  • Equity release 
  • Home improvements
  • refinancing

Stanbic Bank Address And Branches 

  • Locations: Stanbic bank has many branches across Ghana. You can click here to locate their branches.
  • Tel: +233 302 815 789
  • Website: https://www.stanbicbank.com.gh/

7. Societe Generale Ghana

Societe Generale Ghana is known for their flexible mortgage payments. The bank has been in the system for quite a long.

Many people can own their homes thanks to the Societe available mortgage.

Available Mortgage Products Offered By Societe Generale Ghana 

  • Home Home Loan
  • Home Improvement Loan

Societe Generale Ghana Address And Branches 

  • Locations: Stanbic bank has many branches across Ghana. 
  • Tel: +233-(0)302-214 314
  • Email: [email protected]
  • Website: https://societegenerale.com.gh/en/

8. Omni Bank

Omni bank is one of the banks in Ghana with the lowest Mortgage loan interest in Ghana.

The bank has been helping individuals own their dream homes while paying for the property based on how they choose to pay.

Available Mortgage Products Offered By Omni Bank

  • Home Purchase Mortgage
  • Mortgage Schemes
  • Home Improvements Mortgage
  • refinancing

Omni Bank Address And Branches 

  1. Locations: Stanbic bank has many branches across Ghana. You can click here to locate their branches.
  2. Tel: +233 (0) 307086000
  3. Email: [email protected]
  4. Website: https://www.omnibsic.com.gh/

Conclusion 

When you decide to buy your dream home but do not have all the money, you tend to mortgage.

Many banks offer mortgages in Ghana, and many real estates in Ghana work with the banks in Ghana to make it easy for anybody to own a house in any real estate of their choice.

If you have been searching for how to get a home loan or mortgage in Ghana, then that is what this article is all about.

In this article, we covered all the banks in Ghana that give mortgage loans in Ghana, their types of mortgage loans, interest rates and also their contact details.

Tags ghana mortgage companies home financing home loan mortgage.

You can also read our building-related articles covering the land registration process in Ghana, how to buy land in Ghana and Kumasi, and also a guide taking you through foreigners buying land in Ghana.

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Lead Editorhttps://mekabi.com
Mekabi is a blog that provides verified information in Ghana surrounding building and construction, real estate, food and travel, Ghana pricing, how-tos and general articles.

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