Ghana Home Loans (GHL), the nation’s leading provider of home finance, has unveiled a new product dubbed, ‘Quick Cash’ onto the market.

Quick Cash is aimed at assisting homeowners whether self-employed or salaried, resident or non-resident, to access funds within the shortest possible time.

Its introduction was motivated by GHL’s vision to unlock the full potential of residential property as the ultimate asset to the benefit of all home owners.

The minimum loan amount, which is GH?5,000 or its USD equivalent, is repayable within 24 months.

Speaking at the launch of Quick Cash, Principal Consultant at the Osei Tutu II Centre for Executive Education and Research, Nana Otuo Acheampong said GHL aims at expanding the reach of housing loans in the country.

“Once more GHL is pushing the boundaries of housing finance. This product is timely as it bridges the liquidity gap between financing needs and expected funds available in these periods of austerity,” he said.

Head of Mortgage Origination at Ghana Home Loans, Regina Baah, in a remark, disclosed that Quick Cash was a critical addition to the company’s product portfolio.

She indicated that the product was particularly suitable for self-employed mortgage applicants “since their loan applications would be assessed on future lump sum cash receivables.”

Since 2006, Ghana Home Loans has offered a diversified range of home loan products to assist thousands of Ghanaians to realize their dream of owing their houses.

The products include home purchase, land purchase, as well as home equity release mortgage.

Through its Home Completion and Home Construction mortgage products, Ghana Home Loans has enabled many qualified applicants to complete or build dream homes across the country.