Mortgage Loans in Lomé: Banks and Procedures

Several banks present in Lomé offer mortgage loan products, but the precise conditions remain to be negotiated case by case with each institution. Here is what can be established with certainty before approaching a branch.

Banks offering mortgage loans in Lomé

Orabank Togo offers a mortgage loan dedicated exclusively to building or acquiring a private home, as well as extension, renovation, or restoration work on an existing property. IB Bank Togo also has a mortgage loan product for individuals. Ecobank Togo, present in the country, offers broader personal loan solutions, though the details of its specific mortgage offer are not publicly specified.

What we know about rates, and what we don't

The BCEAO's monetary policy committee (which governs Togo) kept its marginal lending facility rate at 5.50% in 2025, with projections pointing to a policy rate around 5% in 2026. This figure, however, concerns regional monetary policy, not the actual rate a Togolese bank will apply to an individual mortgage loan. No precise, verified rate could be confirmed for the commercial offers of the banks mentioned: always request a written simulation before comparing offers.

What is generally required for an application

• Proof of stable income, including proof of regular transfers for applicants from the Togolese diaspora.
• A personal deposit, the rate of which varies by institution.
• Proof of ownership or reservation of the financed property, ideally already covered by a Land Title.
• Borrower insurance covering the duration of the loan.

Before committing

Request a personalized simulation detailing the rate, term, application fees, and insurance conditions from at least two different banks. Also verify that the property to be financed has a valid Land Title or a registration process already underway, a condition often required by banks before releasing funds.

Sources: Orabank, Mortgage Loan, IB Bank Togo, Mortgage Loan