Ghana Home Loans (GHL), the nation’s leading mortgage provider, has introduced into the Ghanaian market its latest product, “Quick Cash.”
It is a short-term loan which enables individuals or groups of people to access funds to undertake urgent needs.
GHL’s “Quick Cash,” according to the company’s Head of Mortgage Origination, Ms Regina Baah, was aimed at assisting homeowners to access fund within the shortest possible time.
“Quick cash is targeted at homeowners, whether self-employed or salaried, resident or non-resident, who have urgent cash needs such as school fees, port clearance fees, medical bills etc,” she said at the launch of the product in Accra on Monday.
According to her, since 2006, GHL had offered a diversified range of home loan products to assist thousands of Ghanaians to realise their dream of homeownership.
“These include a home purchase, land purchase as well as home equity release mortgage,” Ms Baah added.
The Executive Head of the Osei Tutu II Centre for Executive Education and Research, Nana Otaru Acheampong, who launched the products, advised Ghanaians to make good choices, especially on their finances.
According to him, any purchase that would not amount to future gains should not be made since it would become a major barrier in destroying one’s life.
Concerning the Quick Cash product, he noted that: “This product is timely as it bridges the liquidity gap between financing needs and expected funds available in these periods of austerity.”
For his part, the Chief Operating Officer of GHL, Mr Dominic Adu, said the minimum amount an applicant could apply was US$ 5000, adding that: “This could rise up to any amount.”
He said once funds were released, payment for the loan would be demanded within 24 months.
Source: Graphic Online