The Product: The HFC Home Completion Mortgage assists applicants to complete construction of their houses.  The amount required from HFC Bank to complete the house must fall within the maximum loan. Description: Loans shall not exceed 50% of the total cost of construction of the property and the property must have reached at least the lintel level.  The maximum term for this facility is 15 years for both cedi and foreign currency loans. Applicants are required to submit duly registered, clear and undisputed title to the property. A Development permit, Building permit and approved building plans are also necessary requirements..    The loan is disbursed in three stages.  HFC Bank will inspect the property after each stage of disbursement to ensure that the funds are utilised as agreed.   Terms:     RESIDENT GHANAIANS NON-RESIDENT GHANAIANS Maximum Loan Subject to customer’s credit profile Subject to customer’s credit profile Minimum Contribution 50% of cost of construction and property must have reached lintel level. 50% of cost of construction and property must have reached lintel level. Maximum Term 15 years 15 years Processing Fee 1.5% of proposed loan US$250.00 or GB£150.00 Facility Fee Nil 1% of proposed loan Management Fee 2.5% of proposed loan 2.5% of proposed loan Statutory Deposit towards registration of  title and security documents. 1% of loan amount 1% of loan amount