Purposes include: to purchase a home on the open market, to build on own land, to improve an existing home or to acquire land.
Minimum of 5% share requirement.
Loan amounts range up to $25,000,000.
Repayment term: Up to 20 years.
Competitive loan rates on the reducing balance.
Free Life Savings & Loan Protection Insurance.
General Loan Requirements
- Job Letter
- Last three (3) month’s payslips
- Financial Statements (self-employed individuals)
- Verification of purpose
- Id (Passport, Driver’s Licence or National ID)
- Taxpayer’s Registration Number (TRN)
- Credit Union passbook
Additional Documents required:
- Valuation Report
- Quotation of Insurance (where Applicable)
- Registered Certificate of Title
- Commissioned Land Surveyor’s ID Report
- Certificate of Payment of Taxes
- Proof of purpose