Construction Loans (Mortgages)

Develop real assets i.e. property through the bank’s construction loans. Our construction finance facilities are available for the development of all typed of real estate be it residential, commercial or retail property whether for sale or rental income.

Features

• Moratorium on principal during construction of up to 24 months.
• The construction loan can be converted to a mortgage after the construction period, with a maximum door to door tenor of 120 months.
• The customer is to contribute a minimum of 30% of the gross construction cost.