Is a plot purchase loan facility for customer seeking financing to purchase a portion of land where no building exists.
- Flexible financing upto 85%
- Flexible repayment term of upto 10 years
- Competitive Interest rates
- Low contribution hence less financial stress in the onset.
- Competitive interest rates.
- Comprehensive Plot owner’s Life, fire & house insurance cover.
- Long tenors to make repayments easier for you.
- National bank accelerated payments which enables customer to pay off loan sooner than stipulated in construction loan agreement.
- Access to dedicated mortgage specialists.
Rates / Pricing
- Appraisal fee – 1% of loan amount.
- Legal fees – based on Advocates remuneration order
- Insurance (Life & Fire) – 0.5% of Mortgage cover
- Debit income ratio – 65% of net disposable income
- Interest rate – 15.45% on reducing balance