Residential Construction Mortgage

Have a dream home in mind you would like to make into reality? Or do you simply need to revamp your house and give it a face lift? We have just the loan product to accommodate your vision and your payment flexibility.

Why choose Residential Construction Mortgage

  • <p>Customizable</p>
<p> </p>

    Customizable

     

    Ability to customize design to specific taste

  • <p>Home ownership</p>
<p> </p>

    Home ownership

     

    Get a peace of mind that comes with owning your own home

  • <p>Increase assets</p>

    Increase assets

    Invest in your home and add it to your list of properties owned.

  • <p>Value appreciation</p>

    Value appreciation

    You stand to gain from the increase in value of the property over time

  • <p>Mortgage relief</p>
<p> </p>

    Mortgage relief

     

    Enjoy a reduction of tax on your income while servicing the loan

Rates and fees

  1. Loan to value ratio - maximum of 90% of bill of quantities amount
  2. Interest rate – CBR + 4% p.a.
  3. Tenure – maximum of 25 years
  4. Negotiation fees - up to 1.5% of loan amount

Inernal costs

  • Negotiation fees

External costs

  • Mortgage Protection Insurance (MPI)
  • Contractors All Risk Policy during construction
  • House Owners Comprehensive Insurance (HOCI) upon 100% completion
  • Valuation fees
  • Stage inspection fees
  • Stamp duty on charge
  • Legal fees
  • Search fees
  • Statutory payments (statutory approvals for architectural and structural drawings, land rates, rent and all taxes)
  • Technical consultants fees

Interested in Residential Construction Mortgage or have a question?

Similar products you might be interested in

Forex
  • USD: Buying: 125.50 , Selling: 131.50
  • EURO: Buying: 130.75 , Selling: 149.20
  • GBP: Buying: 156.20 , Selling: 177.61
  • Canadian Dollar: Buying: 85.87 , Selling: 100.10
  • Australian Dollar: Buying: 77.17 , Selling: 89.68
  • Swiss Franc: Buying: 138.66 , Selling: 158.95
  • Japanese Yen: Buying: 0.7895 , Selling: 0.9693
  • Swedish Kroner: Buying: 9.4564 , Selling: 16.0303
  • Norwegian Kroner: Buying: 8.913 , Selling: 14.755
  • Danish Kroner: Buying: 15.867 , Selling: 20.102
  • Indian Rupee: Buying: 1.2696 , Selling: 1.7646
  • Tanzanian Shillings: Buying: 0.4396 , Selling: 0.05630
  • Uganda Shillings: Buying: 0.03048 , Selling: 0.4167
  • SA Rand: Buying: 5.211 , Selling: 9.2710
  • Chinese Yuan: Buying: 17.11 , Selling: 19.49
  • UAE Dirham: Buying: 31.5119 , Selling: 38.5759
  • RWF: Buying: 0.0837 , Selling: 0.1263