Ghana Home Loans launches ‘Quick Cash’ product

By: Yaw Sarpong

Ghana Home Loans (GHL), a leading provider of home finance has launched a new product called Quick Cash, which aimed at assisting homeowners to access funds within the shortest possible time.

According to the company, the product is to deliver cash quickly to customers who are ready to put up their own houses.

Quick Cash is targeted at home owners, whether self-employed or salaried, resident or non-resident, who have urgent cash needs such as school fees,  post clearance fees, medical bills and among others.

The Chief Operating Officer, Mr. Dominic Adu said the introduction of this new product is motivated by GHL’s vision to unlock the full potential of residential property as the ultimate asset to the benefit of all home owners.

The Quick Cash product features include minimum loan amount of either GHc5,000 or it UD dollar equivalent, repayment period up to 24 months, collateral required from residential property, source of required repayment and among others.

Head of Mortgage Origination at GHL, Ms. Regina Baah said the Quick Cash is a critical addition to the company’s product portfolio.

“Self-employed mortgage applicants will particularly find this product attractive since their loan applications will be assessed on future lump sum cash receivables etc,” Ms. Baah added.

The guest speaker, Nana Otuo Acheampong from the Osei Tutu II Centre for Executive Education and Research and the Principal Consultant for the product said GHL aims at expanding the reach of housing loans in the country.

“Once more GHL is pushing the boundaries of housing finance. This product is timely as it bridges the liquidity gap between financing needs and expected funds available in these periods of austerity,” he said.

Since 2006, Ghana Home Loans has offered a diversified range of home loan products to assist thousands of Ghanaians to realize their dream of owing their houses.

The products include home purchase, land purchase, as well as home equity release mortgage.

Through its Home Completion and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applicants to complete or build dream homes across the country.