We facilitate tailored financing solutions to support various stages of construction projects, including land acquisition, development, construction, and post-construction activities. Our financing options include project loans, working capital facilities, and equipment financing to meet the diverse needs of our clients. The following are the features of our construction finance loan:
Loan tenure - 1 year to complete construction, 240 months on completion
The loan should be for the development of a single residential property.
The bank will finance up to 100% of the total construction cost as per the Bill of Quantities from a duly registered Quantity Surveyor.
The property must be a developed residential property.
The maximum construction period is 12 months during which you will be charged interest on the amounts drawn. Thereafter, the loan will be converted to a mortgage with a maximum tenure of 20 years.
This loan is only available in local currency.
Available to salaried and Self-employed customers.
REQUIREMENTS
Your latest pay slip
Letter from your employer confirming employment terms
12 months certified statements
Practicing certificates and profiles of all the project team involved (QS, architect contractor, etc)
Bills of quantities from a duly registered Quantity Surveyor
Approved building plans and structural drawings
NEMA certification is required in certain circumstances e.g Building on riparian land
