Home Loans

Exciting time to own a home with our low-rate home loans. Sikamaster Loans provide qualified borrowers with low-cost financing. To help you achieve this important life ambition, we offer various home loan solutions that enable you buy or build the property of your dreams.

 

Features

• Can be used to purchase a new or pre-owned home via DCANS Properties or buying from a developer with existing Property Development Loan with us (i.e. prospective homebuyer can ask their developer whether they have a homeloan arrangement with us and they would be glad to tell you more, if already not part of their marketing materials.)

• Refinancing & Equity Releases

• Minimum loan : $10,000

• Maximum loan: $5m (additional security may be required)

• Competitive variable or fixed interest rate in Ghana cedis, US dollars, GB pounds sterling or euro.

 

Benefits

• Financing up to 100% of the home’s value

• Low rates - APR within 6.00% and 12.00%

• Flexible terms - Up to 30 yrs repayment

• Home Equity Line-of Credit Loans

 

How we compare

Of the 23 Universal Banks licensed by the Bank of Ghana, less than 7 of them provide home loans (mortgages). Sikamaster Loans is the only Non-bank direct mortgage provider in Ghana today,

 Annual Interest Rates
 Repayment Period
 Upfront Fees
 Prior Account Opening
 Minimum Qualifying Salary (Net)
 Maximum Lending Amount
 
 
 
Sikamaster Home Loans 
 6.00% - 12.00%
 Up to 30yrs
 No
 No
 ghs500
 Up to $5m (cedi equivalent)
 
 
 
Home Loans by Banks 
 24.00% - 38.00%
 Usually up to 25yrs
 Yes
 Yes
 ghs3,000
 Usually less than $1m (cedi equivalent)
 
 
 

 

What you need to apply:

• Work in the public or private sector, including self-employed.

•Earn a minimum net salary of ghs1,000 or $1,500 a month

• Be permanently employed

• Be a high net worth individual considering buy-to-let options

• Be over 21 years and under/at 60 years by the end of the loan term.

• Fill in a Home Loan Application form and attach the following supporting documents:

- Proof of income – past three months’ payslips · Proof of past two years’ employment

- Proof of identity – passport, driver’s licence, Voter’s Identity Card

- Proof of residence

- Offer letter from developer (for Home Purchase, Developer Construction and Employee Mortgage Scheme)

- Bill of quantities, building plan and permit (for home improvement and developer construction)

- Property title documents (To begin title search)

- A Valuation Report from one of our approved valuers will also have to be given to us

- Loan will be approved subject to a positive credit bureau report

 

How to apply

Our bespoke Home Loans can currently be used to buy a home from DCANS Properties LLC (DPL) ONLY. Kindly complete an online application form here to get started.

 


 

Other Home Loan Products

Family Home Loans

Interest-free Home Loans

Sharia Home Loans

Buy to Let Property Loans

Pension Mortgages

Useful info

Sikamaster, is a 24/7*365 well-capitalised internet first, forward-thinking, safe, robust, resilient, smart and responsible direct lender for the working class and modern and/or scalable small, medium & large businesses, including startups.

SML is not; a microfinance institution, and neither a savings & loans company or a Specialised Deposit-taking Institution (SDI) of any form, kind or type. SML does not seek and/or accept outside capital.

Rolling out a secured, safer, convenient, revolutionary self-care, ethical, no upfront fee, direct lending platform in phases (three phases remaining, including key synergistic acquisitions and regulation for some aspects of our operations).

We're Social

             

Ghana's 24/7 Direct Financing Hub

Not all our loans require a collateral - But if your loan requires one, any property used as security (which may include your home or pensions and/or business assets, or personal guarantees) may be repossessed if you do not keep up repayments on a loan or any other debts secured on it. Our Repayment Assistance Programme is available to qualified borrowers only.
 
PLEASE READ TERMS & CONDITIONS, COOKIES POLICY, PRIVACY POLICY, DATA RETENTION POLICY, & MODERN SLAVERY POLICY BEFORE USING THIS WEBSITE OR OUR SERVICE.
 
Applicants must be 18 or over. All loans are subject to affordability, applicant verification, traditional credit checks and TDG Scoring via various national databases in accordance with Sikamaster''s responsible lending policy.
 
Please note that there have been an increasing number of attempts to defraud Sikamaster clients. Please take every necessary measure to ensure that your account information is secure! Learn more.
 
Aside lending, our website offers information about saving, investing, tax and other financial matters, but not personal advice. If you're not sure whether Sikamaster Loans lending is right for you, please seek independent financial advice, and if you decide to borrow from us, please read our How We Operate before you proceed.