Book money into the Ghana – Where and ways to apply

A lot of people have trouble with home rent when they lose their services. Most are underemployed while others work. But really, not every one of that money encircles that way. Due to this fact, you could potentially you want a lease mortgage, unsecured loan, consolidation mortgage, otherwise a business mortgage to cover their expenditures. No worries; there are tons out-of book fund available in Ghana. This article will provide facts about a lease financing and exactly what it will require. Simultaneously, it will give here is how to apply for a rental loan, along with a summary of creditors that provides rent financing.

What things to realize about lease financing within the Ghana

A lease mortgage is an unsecured loan within the Ghana that will help some body both functioning and underemployed meet your capital needs for rent money. Anybody can get a rent currency mortgage directly from some lender when you look at the Ghana. They take the economic stress on your performing the one-regarding percentage even though you outlay cash straight back later on inside payments.

A lease mortgage is going to be a temporary otherwise future, based on your position. It can also be for income gurus in both regulators and individual institutions inside Ghana. Rent funds when you look at the Ghana provides a competitive demand for an extended repayment several months. Brand new cost of your own rent financing might be by the monthly fees. There are many different financial institutions when you look at the Ghana that offer book finance. You are merely anticipated to fill in brand new models meticulously on the web or install the newest forms, over it and you will fill out traditional. Leasing a home inside Koforidua, Tema, Takoradi, Kumasi and also Accra may require a rental deposit away from several-36 months. You could book property during these areas that have faster proper care throughout the a lease financing. Renting financing in the Ghana is really sensible. Very lease funds inside Ghana visit the landlord physically and you will perhaps not the new borrower or applicant.

Who will get a lease loan inside Ghana?

Book money for the Ghana try open to the salaried workers. They may be good salaried personnel on the individual sector, government staff member otherwise self employed. Plus, team pros can use getting a lease mortgage.

Conditions for rental financing during the Ghana

There is no application for the loan that does not feature conditions. Such criteria show you be eligible for the latest rent loan inside Ghana. You will want to meet the requirements so you’re able to meet the requirements. Book loan criteria are very different which have creditors/lenders in Ghana, nevertheless they involve some something in keeping.

Some common standards for rent financing for the Ghana were:

  1. Application (you can either down load setting otherwise apply on the internet or complete and you may complete offline).
  2. Federal Term card.
  3. Pay slip off 90 days (only for salaried professionals).
  4. Certified bank comments to possess six months.
  5. Age bracket ranging from 21 and you may 55 age.
  6. An evaluation of value
  7. A couple measurements of passport photographs.
  8. Post-old cheques during mortgage
  9. A position letter/offer (to possess salaried professionals merely)

What is the interest rate for rental fund in the Ghana?

Often there is the necessity to make sure the pace to own a loan before applying. This helps you know whether you’ll repay the borrowed funds as on whenever owed. Rate of interest to own money within the Ghana range out-of 3%-10% according to lender/lender.

What is the minimal count you could potentially use to own a rental loan?

Book number in the Ghana varies with city and you will nature of one’s house. Many people has actually an incredibly high priced lease, while someone else have less otherwise moderately costly book. Any the actual situation, various creditors are available to will their book, perhaps not minding the amount. Minimal number you can use range regarding GH?500-GH?step 1,000,000.

Tips sign up for rent mortgage inside Ghana

Lease mortgage is one of the trusted finance to use just like the long because you be considered. That have met the requirements, the next thing which comes in your thoughts is, how do i apply?

Listings from loan providers that provide rent mortgage from inside the Ghana

Some banks/loan providers provide rent fund inside the Ghana in reducing the brand new weight regarding lease into people. The fresh fine print for it mortgage are different with each business. Particular creditors that offer rent fund include:

Advantages from rent finance Ghana

Making an application for book loan also offers from inside the Ghana is free and you may low-binding if you do not take on a deal. It has lots of benefits one to encourage individuals implement. Certain benefits of book loan within the Ghana tend to be:

Drawbacks from rent loan Ghana

Renting fund is really of use, although it has many drawbacks. These types of downsides possibly deter of a lot off implementing. Certain pair downsides off book financing become:


Saving upwards to have an annual rent percentage is an enormous problem for most people in Ghana. A lot of people believe close friends, connections and you can relatives to incorporate financing to fund the lease. Our home rent mortgage during the Accra, Kumasi, and several other places from inside the Ghana is a lot of money. You could potentially avoid local rental finance with high interest levels and pick an educated loan bring for you. Save time and also the best loan also provides because of Ghana rent loans with your popular lender.

However, stay away from financing whales which could possibly offer instant money, disaster fund, or short money having undetectable charges. On top of that, always pay-off the money you get to change your credit rating.