The Product:
The HFC Home Improvement Mortgage is designed to assist applicants to undertake renovation and extension works on their existing houses. The target group for this product are existing homeowners and companies with properties.

Description:
The maximum term for this facility is 15 years for both cedi loan and foreign currency loan. The applicant is to provide clear and undisputed title to the property, which must be duly registered.

Terms:
	RESIDENT GHANAIANS	NON-RESIDENT GHANAIANS
Maximum Loan	50% of the value of the property and not exceeding the ceiling of US$45,000 or its equivalent in Cedis.
Maximum Term	15 years	15 years
Processing Fee	1.5% of proposed loan	US$250 / GBP 150
Facility Fee	Nil	1% of proposed loan
Statutory Deposit towards registration of  title and security documents.	1% of proposed loan	1% of proposed loan