Table of Contents
Introduction
Mortgage finance is the process of borrowing money from a lender (Fidelity Bank in this case) to purchase a property, typically a home.
The property serves as collateral for the loan, and the borrower makes regular payments to the lender, typically including interest and principal, over a set period of time until the loan is fully repaid.
Asset finance, on the other hand, refers to the process of financing the purchase of assets such as equipment, vehicles, and machinery through a loan or lease.
In this type of financing, the asset being purchased acts as collateral for the loan, and the borrower makes regular payments to the lender, typically including interest and principal, over a set period of time until the loan is fully repaid or the lease is completed.
Asset finance is used by companies and businesses to acquire the necessary equipment and machinery to run their operations without having to pay the full cost upfront.
The lender (Fidelity Bank) is able to recover the cost of the asset from the borrower by charging interest on the loan over the period of the loan.

Fidelity Bank Home Finance
To assist you to purchase Turnkey Residential properties for personal use or investment purpose.
What Fidelity Bank offer:
- Exclusive offers from our partner developers
- Access to long term funding to acquire homes
- Loan amounts of up to 80% Open Market Value of property
- Competitive interest rates on borrowings
- Flexible repayment terms of up to 20 years
- Debt Service ratio of up to 50%
Download the Fidelity Bank Home Finance Form HERE
How to qualify for the Fidelity Bank Home Finance?
To qualify for the loan you must be:
- Work for any Fidelity profiled organisation or Self-employed customers with verifiable consistent income flows
- Employed for duration above 12 months and confirmed
- Over 21 years and under 60 years by the end of the loan term
How to apply and what do you need to apply for Fidelity Bank Home Finance?
Complete a Home Financing request form and provide the following documents:
- Letter of undertaking from the employer
- Last 3 months payslips
- Valid National ID
- Title documents of the property (Land Title Certificate)
- Valuation report (from an FBL recommended valuer/quantity surveyor )
- Offer letter from the vendor
- Proof of minimum down payment or equity contribution of 20% towards the purchase price of the property
- Hazard or Allied Perils Insurance policy on the mortgaged property against fire and other allied perils/natural disasters to cover the Open Market value
- Mortgage Life insurance covering the total loan amount with FBGL’s as Primary Loss Payee
- Clean search on Credit Bureau

Fidelity Bank Home Equity
To assist you in wealth creation or meeting personal cash needs by unlocking the value in your existing property.
What They offer
- An opportunity to unlock the value of property to meet financial needs
- Loan amounts of up to 70% Open Market Value of property
- Competitive interest rates on borrowings
- Flexible repayment terms of up to 20 years
- Debt Service ratio of up to 50%
Download Forms for Fidelity Bank Home Equity
Who qualifies for the Fidelity Bank Home Equity?
To qualify for the loan you must be:
- Work for any Fidelity profiled organization or Self-employed customers with verifiable consistent income flows
- Employed for duration above 12 months and confirmed
- Over 21 years and under 60 years by the end of the loan term
How to apply and what do you need to apply for it?
Complete a Home Financing request form and provide the following documents:
- Letter of undertaking from the employer
- Last 3 months payslips
- Valid National ID
- Title documents to the property (Land Title Certificate)
- Valuation report (from an FBL recommended valuer )
- Hazard or Allied Perils Insurance policy on the mortgaged property against fire and other allied perils/natural disasters to cover the Open Market value with FBGL as Primary Loss Payee
- Mortgage Life insurance covering the total loan amount with FBGL as Primary Loss Payee
- Clean search on Credit Bureau
Fidelity Bank Home Completion
To assist you purchase and complete your dream home from our list of developers to your own specification and taste
What Fidelity Is offering
- Reserved for only Shell completed houses from approved FBGL Developers. Shell property must be completed within12 months from the date of disbursement of the facility
- Loan amounts of up to 80% of the sale value of Shell House property or Bill of Quantities to complete the Shell House
- Competitive interest rates on borrowings
- Flexible repayment terms of up to 20 years
- Debt Service ratio of up to 50%
Download Form the forms for Fidelity Bank Home Completion
How to get the Fidelity Bank Home Completion?
To qualify for the loan you must be:
- Work for any Fidelity profiled organization or Self-employed customers with verifiable consistent income flows
- Employed for duration above 12 months and confirmed
- Over 21 years and under 60 years by the end of the loan term
How to apply and what do you need to apply
Complete a Home Financing request form and provide the following documents:
- Letter of undertaking from the employer
- Last 3 months payslips
- Valid National ID
- Title documents to the property (Land Title Certificate)
- Bill of Quantities, Building Plan & Building Permit from an FBGL recommended value
- Construction schedule, estimates and financing plan to complete shell property within 24 months from date of disbursement of the facility to vendor
- Architecture Drawings, 3D impression, and Plan
- Hazard or Allied Perils Insurance policy on the mortgaged property against fire and other allied perils/natural disasters to cover the Open Market value with FBGL as Primary Loss Payee
- Mortgage Life insurance covering the total loan amount with FBGL as Primary Loss Payee
- Clean search on Credit Bureau
- Submission of a contract between Building Contractor and Mortgagor.
- Submission of Certificate of Classification from the Ministry of Water Resources Works and Housing for the contractor
- Submission of Building Permit from the Metropolitan/ Municipal Assembly.
- Supporting documents confirming the contractor’s track record and ability to execute similar projects are required.
Fidelity Bank Home Improvement
To assist you fund additions and improvements to an existing property.
What Fidelity Bank offer
- Loan amounts of up to 70% of Bill of Quantities or Pro forma Invoice
- Property improvement must be completed within 6 months from the date of disbursement of the facility
- Competitive interest rates on borrowings
- Flexible repayment terms of up to 20 years
- Debt Service ratio of up to 50%
Download Form For Fidelity Bank Home Improvement
How to qualify for the Fidelity Bank Home Improvement?
To qualify for the loan you must be:
- Work for any Fidelity profiled organization or Self-employed customers with verifiable consistent income flows
- Employed for duration above 12 months and confirmed
- Over 21 years and under 60 years by the end of the loan term
How to apply and what do you need to apply for the Fidelity Bank Home Improvement?
Complete a Home Financing request form and provide the following documents:
- Letter of undertaking from the employer
- Last 3 months payslips
- Valid National ID
- Title documents to the property (Land Certificate)
- Bill of Quantities, building plan & building permit from an FBGL recommended valuer.
- Construction schedule, estimates, and financing plan to complete improvement of property within 6 months from date of disbursement of the facility to vendor
- Architecture drawings, & 3D impression
- Hazard or Allied Perils Insurance policy on the mortgaged property against fire and other allied perils/natural disasters to cover the open market value with FBGL as Primary Loss Payee
- Mortgage Life insurance covering the total loan amount with FBGL as Primary Loss Payee
- Clean search on credit bureau
- Submission of a contract between building contractor and mortgagor.
- Submission of building permit from the Metropolitan/ Municipal Assembly.
- Supporting documents confirming the contractor’s track record and ability to execute similar projects are required.
Fidelity Bank Serviced Plot Finance
Serviced Plot Finance by Fidelity Bank is designed to assist Fidelity customers to acquire/ purchase serviced land in well serviced, secured locations for the purposes of constructing a home for a private residence.
The product serves as a boost to building your dream home at your own pace.
What the Serviced Plot Finance offers:
- Exclusive offers & discounts from our partner developers
- Seamless process to acquiring a serviced plot to build your dream house
- Flexible repayment terms up to 72 months
- Access to a flexible Home Completion loan (from lentil level).
- Boost your ability to own land at a prime location
- Competitively priced facility rate
- Installment to Income ratio – 45%
- Loan Amount: Min.-US$8,000/ Max.- US$60,000 (or GHs equivalent)
- Up to US$200,000 for Prestige Banking clients
Download Form for The Fidelity Bank Serviced Plot Finance
How to qualify for this?
- The applicant must be a salaried employee working for a Profiled Organization.
- FBGL staff with at least 3 years of permanent employment
- Minimum 1-month salary drop plus 6 months account statement
- Foreigners with valid work and residence permit
- Unexpired lease term on a serviced plot with mini.. 30 years lease
- Repayment Mode: Monthly equal installments.
- 20% Equity contribution required
- Duration of employment (minimum)- 6 months and confirmed.
- Evidence of earlier confirmation is required.
- Property/ estate developer must have Land Title Certificate over serviced plots on sale
- Property/ estate developer must be a member of GREDA in good standing.
How to apply and what do you need to apply for the Fidelity Bank Serviced Plot Finance?
Complete the facility request form and provide the following documents:
- Letter of undertaking from employer (attached in the Facility application form)
- Last 3 months pay slip
- Account statement for the last 6 months (from the previous bank)
- Invoice from Estate Developer listed in Fidelity bank’s approved estate developers
- Original title documents (Registered Land Title Certificate) on Serviced Plot pledged as security
- Signed transfer land title document retained by Fidelity bank.
- Photocopy of valid National Identification (passport, driver’s license, voter’s registration card) of guarantor(s) required, and must be verified as a true image of the guarantor.
- One passport size photograph
- Consent letter to mortgage land to Fidelity Bank Ghana Limited
Fidelity Bank Personal Asset Finance
The Fidelity Bank Personal Asset Finance is a short-term credit facility designed to assist salaried workers who operates Fidelity bank account, purchase personal assets from selected partner vendors with a repayment period of up to 12 months.
The credit arrangement covers the purchase of household appliances, furniture, and electronic items.
What the Personal Asset Finance offer:
- No collateral required
- 0% interest rate for repayment within twelve (12) months
- A quick and easy loan application process
- Competitive interest rates on loan
How to qualify for the Personal Asset Finance by Fidelity Bank
To qualify for the loan you must be:
- Working for any of Fidelity Banks’ profiled organizations or Self-employed customers with verifiable consistent income flows
- Employed for a duration above 6 months and confirmed
- Over 21 years and under 60 years by the end of the loan term
How to apply and what do you need to apply for the Personal Asset Finance by Fidelity Bank
You must complete a Personal Asset Finance request form and provide the following documents:
- Last 3 months payslip
- Proforma invoice from a vendor stating type and value of the asset being purchased( Invoice should not be more than one week old)
- 1 passport picture
- Valid National ID (Ghana Card Preferably)
Conclusion
To conclude, I’d like to outline some of the advantages and disadvantages of both Mortgage finance and Asset Finance.
Advantages of mortgage and asset finance include:
- Affordability: Mortgages and asset finance can provide a way for individuals and businesses to acquire property or assets that they may not be able to afford to purchase outright.
- Tax benefits: Mortgage interest and certain asset finance payments may be tax-deductible.
- Forced savings: A mortgage or an asset finance can help individuals and business owners to save money by making regular payments toward owning an asset.
- Appreciation: Real estate and other assets financed through a mortgage or asset finance may appreciate in value, providing the borrower with potential equity.
- Leverage: Mortgages and asset finance can provide leverage, which means using a smaller amount of money to control a larger asset.
Disadvantages of mortgage and asset finance include:
- Interest expense: Borrowers will have to pay interest on the borrowed amount, which can add up to a significant expense over time.
- Risk of foreclosure: If a borrower defaults on a mortgage, the lender may foreclose on the property, resulting in the loss of the asset.
- Risk of repossession: If a borrower defaults on an asset finance, the lender may repossess the financed asset.
- Risk of default: In case of a default, credit score may be impacted negatively.
- Limited flexibility: Once the loan is taken, there is limited flexibility in terms of how and when the borrower can use the financed asset.