UBA Mortgage Product– complementing gov’t’s effort to provide decent homes for Ghanaians


Housing is a critical need for many, and through the UBA Mortgage Product we aim to help make home ownership a reality for both resident and non-resident Ghanaians. As a Pan-African bank, we want to help many people settle, be safe and comfortable with their families while pursuing their goals.

Ghana is currently facing a housing deficit estimated at 2 million minimum which has been blamed on the high cost of mortgages and the cumbersome nature of applying for a facility.

Thus, UBA has designed its mortgage product to part-finance the acquisition of residential real estate by salary earners whose employers are listed on the Bank’s approved counterparty list, government workers who receive their salaries through the Controller and Accountant General’s Department (CAGD) as well as staff of other organizations.

This is to complement the on-going efforts of government to provide decent and affordable homes for the people of Ghana.

Our targets are UBA customers, employees, as well as Ghanaians in the diaspora and non-UBA customers who desire to own homes.

The UBA Mortgage product is in two variances; Home Financing and Equity Release.

Home Financing

The product is to enable customers buy fully developed properties by offering financing for the purchase of completed properties in highbrow areas where properties command good value. The loan limit is between $13,000 and $250,000 subject to 70% of the value of the property.

Eligible properties we finance include detached and semi-detached homes, single unit flats/apartments, including maisonettes, penthouses and luxury apartments located in blocks of flats or high-rise buildings and whole blocks of flats.

Equity Release

The product also offers equity release. Thus providing lump sum financing to customers by allowing them retain use of their properties while taking advantage of the equity build up in those properties as loans for unrestricted purposes. The loan limit is between $13,000 and $125,000 subject to 70% of the value of the property.

Repayment Options

We have flexible repayment options. Home financing has maximum of 15year tenure while Equity release has a maximum of 5 years.

Customers could choose monthly repayment of Principal & Interest or Quarterly repayment of Principal & Interest or Semi Annual repayments on Principal only while interest is serviced monthly or Annual repayments on Principal only while interest is serviced monthly.

About UBA

United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty million customers, across over 1,000 business offices and customer touch points, in 20 African countries.

With presence in the United States of America, the United Kingdom and France, UBA is connecting people and businesses across Africa through Retail; Commercial and Corporate banking; innovative cross-border payments and remittances; trade finance and ancillary banking services.

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