Book money in Ghana – Where and how to apply

Book money in Ghana – Where and how to apply

Most people have a problem with home lease after they get rid of its operate. Most are unemployed although some work. Yet, not all of those funds goes around by doing this. Due to this fact, you could potentially you need a rental loan, personal bank loan, consolidation financing, or a corporate loan to pay for the expenditures. Don’t worry about it; there are tons out-of rent money obtainable in Ghana. This article will render factual statements about a lease loan and you will just what it entails. On top of that, it will bring here is how to try to get a rental loan, and additionally a summary of financial institutions that give book fund.

What things to realize about book loan inside the Ghana

A lease mortgage are a personal bank loan in Ghana that helps some body both employed and you will underemployed meet your own resource means for rent payments. You can now score a lease currency loan right from certain lender during the Ghana. It do the monetary stress on you by-doing the one-out-of commission whilst you pay them straight back after into the payments.

A rent loan are a brief or long term, based on your circumstances. It can be to own paycheck pros in authorities and you can individual organizations in the Ghana. Rent loans inside the Ghana has an aggressive demand for a long repayment several months. This new payment of your rent financing can be from the monthly payment. There are numerous loan providers within the Ghana that provide book money. You are just expected to fill out the fresh models very carefully online or download this new models, complete they and you can fill in traditional. Renting a property in Koforidua, Tema, Takoradi, Kumasi plus Accra need accommodations deposit out of 12-36 months. You could rent a property on these elements that have quicker care about a rent financing. Leasing money for the Ghana is very sensible. Very rent funds when you look at the Ghana look at the property owner really and you will maybe not the borrower otherwise applicant.

Who’ll get a lease loan inside Ghana?

Book loans from inside the Ghana is accessible to all salaried workers. They can be a great salaried staff member throughout the private markets, authorities personnel or self-employed. Along with, business specialists can put on to have a rental loan.

Criteria for rental loan when you look at the Ghana

There is no loan application that does not feature standards. Such standards show you be eligible for brand new rent loan when you look at the Ghana. You should qualify in order to meet the requirements. Book financing criteria differ with creditors/loan providers when you look at the Ghana, nonetheless they possess some things in keeping.

Some typically common conditions for rental mortgage in the Ghana is:

  1. Application (you may either download function otherwise pertain on the internet otherwise complete and submit off-line).
  2. National Label credit.
  3. Shell out sneak out of three months (only for salaried staff).
  4. Formal lender comments getting 6 months.
  5. Generation ranging from 21 and you can 55 years.
  6. A review regarding value
  7. A few size of passport photo.
  8. Post-dated cheques for the duration of loan
  9. Work letter/deal (for salaried personnel just)

What is the interest rate for rent money from inside the Ghana?

Often there is the necessity to be sure the rate for a loan before applying. This helps you realize whether or not you are going to repay the borrowed funds since at when due. Interest rate to possess funds during the Ghana range out-of step three%-10% according to the bank/financial institution.

What’s the lowest amount you could use to possess a lease mortgage?

Lease number from inside the Ghana may differ having area and you can character of your domestic. We possess an incredibly high priced book, while other people reduce otherwise meagerly costly book. Whichever the fact, some creditors are available to have a tendency to your own book, not minding the quantity. The minimum count you can acquire selections from GH?500-GH?step one,one hundred thousand,100.

How to get lease financing during the Ghana

Lease loan is just one of the safest loans to utilize due to the fact a lot of time because you meet the requirements. With fulfilled the requirements, the next thing that comes in your thoughts was, how can i implement?

Listing of financial institutions that provide rent financing in the Ghana

Various banking companies/loan providers promote rent financing for the Ghana in reducing the latest burden off rent towards the some one. This new small print because of it financing are different with each institution. Specific loan providers offering rent money include:

Advantages out-of book financing Ghana

Obtaining rent financing also offers within the Ghana is free of Delaware title loan charge and you will non-binding if you do not undertake an offer. This has lots of benefits one prompt men and women to incorporate. Certain benefits associated with book loan in Ghana become:

Disadvantages of lease financing Ghana

Renting money is very of use, although it has many cons. Such cons sometimes deter of several of using. Some few drawbacks away from rent funds were:


Rescuing upwards getting a yearly book fee is a large problem for many individuals in Ghana. A lot of people believe close friends, connections and you may family unit members to incorporate that loan to fund their rent. Our house rent mortgage inside Accra, Kumasi, and several other places within the Ghana should be a good deal of cash. You could potentially end rental money with a high rates and pick an informed mortgage offer for your requirements. Save time and also an informed loan now offers because of Ghana book fund along with your well-known standard bank.

not, beware of financing whales whom can offer instantaneous fund, crisis finance, or brief loans having undetectable fees. Besides that, always pay-off this new fund you get to improve your credit score.

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