• What you get

    Benefits of a home loan
    • Interest rate of 28.68% is applicable
    • We offer up to 90% finance for home purchase and up to 70% for equity release and home improvement
    • We offer a maximum debt service ratio of 50%
    • Depending on your income and the value of the house you are buying, we can lend you up to GHS5,000,000
    • We offer a tenor of 5 to 20 years
    • We offer property insurance and credit life Insurance covering death, permanent disability and retrenchment
    • Borrow against a home  you own with an equity release
    • Use a home loan to take care of your home improvements and renovations
    • A home loan take-over means we can buy your mortgage from another financial institution
    Requirements for a home loan
    • Property should be located within Accra and Kumasi and their environs.
    • You don’t have to necessarily bank with Absa to qualify for a mortgage (after approval, you will have to move your income or salary to Absa if you are not a customer yet).
    • The maximum repayment period is 20 years or up to the age of 60 years, whichever is shorter (dependent on retirement age required by your employer).
     
  • What to bring to the branch

     

    When you are applying for a mortgage as a salaried worker or a professional (lawyers, doctors, etc.) the following documents are required:

    • Current payslip
    • Proof of identity (National registration card, valid passport or valid driver’s licence)

    When you are buying a home the following documents are required:

    • 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

    For equity release and home improvement, the following documents are required:

    • Land title certificate in favour of the customer
    • Indenture
    • Site plan
    • Building permit
    • Bill of quantity (bill of quantity is not required for loan amounts of GHS400,000 and below)
Need more help?

Call us on:
+233 (30) 242 9150 (network charges apply)
0800 222 333 (MTN and Vodafone customers)

Chat to Abby on WhatsaApp: 
+233 501 644 644

Email us: 
service.excellence.gh@absa.africa