Mortgage Rates in Ghana
Compare home loan rates from major banks in Ghana and find the best mortgage option for your dream home.
How to Get a Home Loan in Ghana
Example: Getting a Home Loan from Absa Bank Ghana
Absa Bank Ghana offers comprehensive home loan solutions. Here's what you need to know:
Loan Features:
- Up to GHS 5,000,000 in finance
- Up to 90% finance for home purchase and construction mortgage (local currency)
- Up to 80% financing for foreign currency mortgage
- Up to 70% for equity release or home improvement loan
- Maximum debt service ratio of 50% for local currency and 45% for foreign currency
- Tenor of 5 to 15 years for fixed interest rate
- Property insurance and credit life insurance included
Interest Rates:
- Annual interest rate of 22% for regular mortgage
- 23% for construction mortgage
- 10.5% for foreign currency mortgage
Requirements:
- Your salary needs to be paid into an Absa account
- Property should be located within Accra and Kumasi and their environs
- Maximum repayment period is 15 years or up to the age of 60 years, whichever is shorter
Documents Required (Salaried Workers/Professionals):
- Current payslip
- Proof of identity (national registration card, valid passport or valid driver's licence)
- Applicants must hold an Absa account or open one to qualify
- Employment contract
Documents Required (When Buying a Home):
- An offer of sale from a vendor
- Land title certificate
- Indenture
- Deed of assignment
- Site plan
- Building permit
- Ground rent
- Consent to mortgage for leasehold (if applicable)
- Sale and purchase agreement
Mortgage Rates from Major Banks in Ghana
Absa Bank Ghana
account_balanceUp to 90% finance for home purchase and construction mortgage. Property insurance and credit life insurance included.
Access Bank Ghana
account_balanceMortgage financing for your dream home with flexible repayment terms.
CalBank
account_balanceMortgage loans designed to help you own your dream home.
Ecobank Ghana
account_balanceMortgage loans for home purchase, construction, and home improvement.
Fidelity Bank Ghana
account_balanceAffordable mortgage solutions tailored to your needs.
GCB Bank
account_balanceFlexible mortgage solutions for home purchase, construction, and refinancing.
Stanbic Bank Ghana
account_balanceHome loan solutions with competitive interest rates and flexible terms.
Standard Chartered Bank Ghana
account_balanceComprehensive mortgage solutions with competitive rates and flexible repayment options.
UBA Ghana
account_balanceFlexible mortgage solutions for home purchase and construction.
Important Information
Mortgage rates and terms may vary based on:
- Your credit score and financial history
- Loan amount and property value
- Down payment percentage
- Loan term and type
- Current market conditions
Please contact the banks directly for the most current rates and terms. Rates are subject to change without notice.
General Requirements for Home Loans in Ghana
person Personal Requirements
- check_circle Valid Ghanaian ID (Voter ID, Passport, or Driver's License)
- check_circle Proof of income (payslips, bank statements)
- check_circle Employment contract or business registration
- check_circle Bank account with the lending institution
- check_circle Good credit history
home Property Requirements
- check_circle Land title certificate or indenture
- check_circle Site plan and building permit
- check_circle Deed of assignment
- check_circle Ground rent receipts
- check_circle Property valuation report