Societe Generale Ghana (SG Ghana) has launched its latest product, the “SG Ghana Home Sweet Loan,” with the goal of transforming the housing landscape in Ghana.
Customers can get home financing options that are accessible, adaptable, and affordable through the mortgage product known as Home Sweet Loan.
Mr. Aymeric Villebrun, Deputy Head of the International Retail Banking, African, Mediterranean Basin, and Overseas (AFMO), stakeholders in the Ghanaian Real Estate industry, and customers of the bank attended the event, which was held at the banks’ Head Office.
At the launch, the Head of Privilege Banking, Kwame Kwegyir Aggrey, gave a detailed presentation on the product. He said that customers can get the SG Ghana Home Sweet Loan for 60 to 240 months and can borrow up to GHS 6 million or its USD equivalent.
“The SG Ghana Home Sweet Loan product gives customers the option to buy a new house, construct their own houses or take an equity release on an existing property”. He said.
The initiative was hailed as a significant step toward addressing Ghana’s housing shortage by Mr. Patrick Ebo Bonful, President of the Ghana Real Estate Developers Association (GREDA).
“The home mortgage finance market in Ghana is still in its infancy, with loans representing only 1% of GDP. This new product from Societe Generale Ghana is timely and essential for boosting homeownership in the country, especially at a time when the real estate sector needs more innovative solutions.” The president of GREDA noted.
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