Ghana Home LoanFees & Charges

First National Bank Ghana Limited, a subsidiary of FirstRand Group, South Africa.

Effective 1 September 2020

New Fees

Page 2Ghana Home Loans Fees & Charges - 1 September 2020

Ghana Home Loans

We are ready to help you with:

insurance cover for your home loan of choice

a dedicated relationship officer to assist you every step of the way and throughout the tenure of your loan

access up to GHS 1.6 million payable over a maximum of 15 years

Enjoy better value

Be prepared for the big step. Whether you are buying your first house, building your own house, renovating your home, or looking for ways to use your property to create additional wealth, First National Bank Ghana has a solution for you – a solution to meet your peculiar needs.

At First National Bank, we make it easier to start and complete the process of owning a home. As the leader of housing financing in the Ghanaian market,we have all the tools to make home acquisition hassle- free and safe.

This guide has everything you need to understand how much you’ll pay when you embark on your home ownership journey with us.

Introduction

Page 3Ghana Home Loans Fees & Charges - 1 September 2020

Some of the developers who have contributed to our business.

Enjoy peace of mind with guaranteed due diligence every step of the way. Our team of property experts will ensure you don't enter into unfavourable agreements when purchasing land or property.

Be spoilt for choice and benefit from our long-standing relationship with a wide range of the best property developers in the country. Let us help you choose your dream home from the housing brands we trust.

New FeesIntroduction

H O M E S

Page 4Ghana Home Loans Fees & Charges - 1 September 2020

FEES $ GH¢ £Application

Home Completion/Construction

1.25% of loan amount (minimum $500)

2.5% of loan amount (minimum GH¢500)

1.25% of loan amount (minimum £378)

1.85% of property value(1% for Land title certificate holders ) minimum $1,500

2% of property value (1% for Land title certificate

holders) minimum GH¢8,500

1.85% of property value (1% for Land title certificate holders ) minimum £1,000

Home loans application fee

Deposit towards registration of title/home loan

Review of Facility Letter ( after expiry)

$100 GH¢500 £75.00

Prepayment with 20-day prior notice

Prepayment without 20-day prior notice

0.25% of amount being prepaid

0.25% of amount being prepaid, plus 1-month

additional interest payment for the month in question

0.25% of amount being prepaid

0.25% of amount being prepaid, plus 1-month

additional interest payment for the month in question

0.25% of amount being prepaid

0.25% of amount being prepaid, plus 1-month

additional interest payment for the month in question

1% of the loan amount to be converted

1% of the loan amount to be converted

1% of the loan amount to be converted

Conversion Fee - paid at the end of the completion phase

Default Rate

Additional Servicing Fees

6% per annum above mortgagor's prevailing

interest rate . Paid on the total loan outstanding.

6% per annum above mortgagor's prevailing

interest rate . Paid on the total loan outstanding.

Default interest rate (applicable after 90 days in arrears)

Free$ 3 per page

Home Loan Statement - Email - Hard copy

Loan Restructuring

Loan Prepayment

Moratorium/Payment Holiday Request

$ 25 per requestIntroductory Letter for Visa Application

$ 25 per document

1 month interest payment

Loan restructuring 1% of restructured amount

FreeGH¢ 3 per page

GH¢ 25 per request

GH¢ 25 per document

1 month interest payment

1% of restructured amount

Request for additional copies of documents (Indentures, Stamped Home Loan Agreement etc.)

Delinquency Rate6% per annum above

mortgagor's prevailing interest rate. Paid on the total

installment/repayment in arrears.

6% per annum above mortgagor's prevailing

interest rate. Paid on the total installment/repay-

ment in arrears.

Penalty due for late payment

15% of amount paid 15% of amount paid

6% per annum above mortgagor's prevailing interest

rate . Paid on the total loan outstanding.

Free£ 3 per page

£ 25 per request

£ 25 per document

1 month interest payment

1% of restructured amount

6% per annum above mortgagor's prevailing

interest rate. Paid on the total installment/repayment in

arrears.

15% of amount paidFee due for third-party cost settled by the Bank (eg. Insurance premium, property rate etc)

New FeesIntroduction

New Fee waiversEnjoy great savings with waivers off the following standard fees:

Deed of Discharge

Bill of Quantities Review