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5 Mortgage Providers In Ghana You Need To Know

Posted by OneAfrica Properties on September 26, 2021

Housing or shelter is considered as one of the most important basic needs in everyday society and it’s a dream come true for many people. However, not everyone has the means to accomplish that desire. This is where mortgages come in to save the day. Mortgages are loans taken to buy homes or property. In Ghana, the following financial institutions can be considered when it comes to mortgage financing:


First National Bank (FNB) is Ghana’s leading provider of mortgage financing after acquiring GHL Bank. In fact, home financing is at the core of the bank. First National Bank is the dominant player and market leader in the industry, accounting for about 50% of the market share according to a report by Housing Finance Africa.


Republic Bank first started operations as the Home Finance Company in December 1991. The company only recently changed its name to Republic Bank in 2018 after been acquired by Republic Holdings.

In November 2007, Republic Bank (then HFC) was appointed Manager of the Public Sector Employees’ Housing Scheme which was put together by Republic Bank and the Government of Ghana aimed at providing affordable housing for public sector workers. The bank has financed over 350 mortgages under that scheme. This mortgage product is referred to as the Public Sector Employee Home Scheme (PS Home Scheme).

The maximum term of loans at Republic bank is 20 years or up to the beneficiary’s retiring age, whichever comes first is lower. The maximum loan amounts shall not be more than GH¢25,000. Republic Bank may, however, lend at commercial rates on amounts greater than GH¢25,000 but beneficiaries will be expected to make up the difference as a condition for the disbursement of the loan. Beneficiaries could be offered up to 100% loans subject to their ability to pay.

It is interesting to note that, Republic Bank gives loans for properties in a 40-kilometre radius within Accra, Tema, Kumasi, Sekondi Takoradi or any of the regional capitals and any economically viable area approved by Republic Bank.


Cal Bank offers a home financing service known as Cal Bank Mortgage or simply CAL Mortgage. It is a retail product tailored to meeting the mortgage needs of clients. Qualified clients have the opportunity to access loans to acquire their preferred homes.


Stanbic Bank offers a personal mortgage for customers who want to buy or build their dream home and pay back their loan over a long term. Stanbic’s mortgage facilities are collectively referred to as Stanbic Home Loan. Loan duration for facilities under the Stanbic Home Loan range between 5 and 20 years and there is no defined maximum limit. Your limit is dependent on your income.


Fidelity Bank is a home-grown financial institution offering a range of financial services including Investment Banking, Personal Banking, and Mortgages. The bank offers similar mortgage products to other mortgage facilities in the country.

To qualify for a Fidelity Bank mortgage facility, you must be a customer of the bank for at least 3 months. The minimum loan you can take is $20,000 (or its cedi equivalent) and the maximum is GH¢400,000.

The tenure of loans ranges from 5 to 20 years. The bank can lend up to 80% of the total value of the property. This means beneficiaries need to make at least a 20% down payment.  Fidelity mortgage loan applicants must be between the ages of 21 to 55 to qualify.

According to Fidelity’s customer care, there’s a greater preference for properties in the Greater Accra region and to a lesser extent, properties in Kumasi and Takoradi.

Get Pre-Qualified for a Mortgage

If you are interested in obtaining a mortgage to purchase land, property, or build your dream home in Africa, reach out to the OneAfrica Properties team, and we will get you connected with a dedicated loan officer to help you to initiate the process.

Source: Real Estate Times Africa

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