The Product:
This facility is designed to enable applicants who own homes or may have already invested in residential properties to release the equity in those properties to improve their liquidity position. The target group for this product are existing homeowners and companies with properties.

Description:
Loans shall not exceed a maximum of 80% of the forced sale value (FSV) of the property. The maximum term for this facility is 15 years for both cedi and foreign currency loans. There must be clear and undisputed title to the property.  The title must be duly registered.

Terms:
	CEDI LOANS	FOREIGN CURRENCY LOANS
Maximum Loan	80% of forced sale value of the property or the maximum loan amount. It is subject to customer’s credit profile (whichever is less).	80% of forced sale value of the property or the maximum loan amount. It is subject to customer’s credit profile (whichever is less).
Maximum Term	15 years	15 years
Processing Fee	1.5% of proposed loan	US$250 / GBP 150
Facility Fee	Nil	1% of proposed loan
Deposit against Statutory Fees (towards registration of legal documentation) -	1% of proposed loan	1% of proposed loan