Construction Financing
This Homeloan solution gives you an opportunity to acquire a construction loan for the development of a single residential property.
Up to 100%
Financing
Up to 1 Year
Duration
Some of the benefits
Construction financing
This Homeloan solution gives you an opportunity to build the home of your dreams.
Loan options
We offer you various Homeloan options from buying complete property to purchasing vacant land for construction. We also have a solution that allows you to borrow against your existing property
Flexible
Pay your mortgage on terms that work for you
Insurance
Get embedded insurance on your homeloan that caters for mortgage protection, retrenchment and home insurance
What you get
- Loan tenure - 1 year to complete construction, 240 months on completion
- The loan should be for a 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.
How to get it
- Your latest payslip
- Letter from your employer confirming employment terms
- 12 months certified statements
- Practicing certificate and profiles of all the project team involved (QS, architect and contractor etc)
- Bills of quantities from a duly registered Quantity Surveyor
- Approved building plans and structural drawings
- NEMA certification required in certain circumstances e.g Building on riparian land
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What you get
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How to get it
- Loan tenure - 1 year to complete construction, 240 months on completion
- The loan should be for a 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.
- Your latest payslip
- Letter from your employer confirming employment terms
- 12 months certified statements
- Practicing certificate and profiles of all the project team involved (QS, architect and contractor etc)
- Bills of quantities from a duly registered Quantity Surveyor
- Approved building plans and structural drawings
- NEMA certification required in certain circumstances e.g Building on riparian land