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Sierra Leone 💰 SLE Last updated2026-05-28 Mortgage Calculator
Sierra Leone
A mortgage of 800,000 SLE at 22% over 10 years works out to a monthly payment of about Le 16,536, with total interest of Le 1,184,290 over the full term.
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Local context Mortgages in Sierra Leone
Market overview
Sierra Leone's mortgage market is led by Sierra Leone Commercial Bank (SLCB), Rokel Commercial Bank, and UBA Sierra Leone, supervised by the Bank of Sierra Leone (BSL). The Leone was redenominated in 2022 (1 new SLE = 1,000 old SLL) to simplify accounting after years of high inflation. The Home Finance Company (HFC) Bank is the country's only specialist mortgage lender and partners with the Sierra Leone Housing Corporation (SALHOC) for social-housing programs targeting civil servants and diaspora returnees.
Why 22% is the typical rate
A rate near 22% reflects the BSL monetary policy rate around 22-24%, persistent leone inflation, and very thin bank funding markets; USD-indexed mortgages from UBA and SLCB run materially lower at 12-15%.
Tax & regulatory notes
Property transfers attract a 8% conveyance tax (stamp duty) plus 1% registration fee at the Office of the Administrator and Registrar General (OARG), with the Ministry of Lands handling state-leasehold conversions. The BSL's 2019 Prudential Guidelines cap LTV at 80% for residential mortgages and require Khoury-style debt-service ratios below 40% of net income. A parallel forex market persists alongside the official BSL window, complicating LRD-USD mortgage pricing.
A mortgage of 800,000 SLE at 22% over 10 years
Le 800,000 22% 10 years (120 months) Le 16,536 Le 1,184,290 Le 1,984,290 
