What it means for you
Build, buy, or own your dream home.
CalBank Mortgage is a retail product tailored to meet the mortgage needs of clients. It can be accessed for home completion, home improvement and equity release.
What it means for you
Helping you build, buy, or own your dream home with ease and confidence
Qualified clients have the opportunity to access loans to acquire their preferred homes. Our CalBank Mortgage is a retail product tailored to meet the mortgage needs of our clients. It can also be accessed for Home Completion, Home Improvement and Equity Release.
Mortgage loan
Turn your dream home into reality with CalBank Mortgage.
- Debt burden: Not more than 45% of net income and other exposures.
- Loan to value: Up to 80% of the value of property.
- Locations: Greater Accra and its environs, Greater Kumasi and its environs and Sekondi-Takoradi metropolis
- Loan repayment is by annuity, with the same amount paid every month.
- Access to dedicated relation officers to handle all activities in relation to mortgage facility.
- Available funds to purchase your dream home
- Flexible terms and conditions.
- Flexibility to purchase your building from a preferred real estate company.
- Easy access to insurance policies to secure the facility.
- Competitive charges etc.
- Applicant should be in active service and should fall between the ages of 18 – 53 years.
- The minimum net remuneration or disposable income is GHS3,000.
- Salary must be domiciled with CalBank for at least one (1) month with a six (6) month bank statement from previous bank
- Applicant must complete and sign CalBank mortgage application form
- Sales and purchase agreement from real estate developer or vendor.
Indentification
- 1 passport-sized photo (1 each for joint applicants)
- Valid national identification: Ghana Card only (resident Ghanaians) and passport and residence permit (for non-resident Ghanaians)
- Utility bill required for address confirmation
Income Verification
- Confirmation of income and employment from employers
- Current six (6) month payslips (for new-to-bank) customer
- Bank statements showing salary payments for six (6) months for resident Ghanaians and 12 months for non-resident Ghanaians.
Credit History
- Credit report from either Experian, Equifax, TransUnion or Schufa is required for non-resident Ghanaians.
Down Payment
- Equity contribution of up to 30% for home purchase mortgages
Other Documents
- Valuation report (to be done by CalBank recommended valuers) and favourable search report.
- Proof of developer having registered title to the property.
- Clear Land Title documents with copies of site plan.
- If non-resident Ghanaian, attach contract, work permit and residence permit
Pre-disbursement Conditions
- Payments will be directly made to the developer.
- Developer to undertake that deed of assignment will be exchanged at the point of disbursement
- Evidence of life insurance policy with bank noted as loss payee
Post-disbursement Conditions
- Insurance of property with bank noted as loss payee.
- Ground rent and property rate (where applicable)
Security
- Mortgage over property to be purchased.
- Personal guarantee of applicant.
