Stanbic Bank Ghana has launched a unique mortgage product called Diaspora Mortgage for Ghana citizens living abroad.
Offering lower interest rates, Stanbic Bank says Diaspora Mortgage is designed to provide greater flexibility, safer and secure investment opportunity, and a more cost effective mode of mortgage repayment.
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As cited in citifmonline.com, Stanbic Bank home loans officer Ms Anna Owusu-Sekyere said the Stanbic Diaspora Mortgage can be used for home completion, building of a new home, equity release and for buy-to-let purposes.
The product offers unlimited borrowing without any fixed caps, provided individual’s income can support the repayment schedule.
It can also be customized to meet individual circumstances with the possibility of the bank providing up to 90% mortgage in some cases.
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