Habitat Loan


It is the aspiration of every individual to own a house of his/her own. The Teachers Fund has been positioned to help its members to realize their aspirations of owning a house(s) by making available a housing loan facility called Habitat Loan. This product helps members to complete or start a building project at a location of their choice. To be eligible for such a facility, a member must do the following:

  •  Complete a Habitat Loan application form picked from the District GNAT Office.

  •  Attach a photocopy of National I.D. card

  •   Attach two (2) different Mandate Forms with different serial numbers.

  •   Attach two (2) separate Authority Note

  •  Attach One (1) deduction Loan Form

  •   Photocopy of Indenture and Site Plan

  • Total contribution of member at the time of applying for the facility should be GH₵1,500

  •  Monthly contribution should be GH₵150.00

  •   The maximum threshold for the Habitat Loan has been increased from  GH₵25,000 to GH₵30,000.

  •   The maximum repayment period for the Habitat Loan is 60 months (5years)

  •   And one’s pay slip must be able to support the loan amount and repayment period.