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>
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    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?

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Forex
  • USD: Buying: 100.95 , Selling: 112.80
  • EURO: Buying: 122.20 , Selling: 137.45
  • Sterling Pound: Buying: 142.65 , Selling: 158.90
  • Canadian Dollar: Buying: 82.18 , Selling: 93.48
  • Australian Dollar: Buying: 77.22 , Selling: 88.65
  • Swiss Franc: Buying: 110.47 , Selling: 123.21
  • Japanese Yen: Buying: 0.8707 , Selling: 1.0267
  • Swedish Kroner: Buying: 10.2635 , Selling: 15.6640
  • Norwegian Kroner: Buying: 11.300 , Selling: 14.755
  • Danish Kroner: Buying: 16.605 , Selling: 18.670
  • Indian Rupee: Buying: 1.4070 , Selling: 1.6200
  • Tanzanian Shillings: Buying: 0.04149 , Selling: 0.05187
  • Uganda Shillings: Buying: 0.02542 , Selling: 0.03568
  • SA Rand: Buying: 5.8680 , Selling: 9.5030
  • Chinese Yuan: Buying: 18.340 , Selling: 18.340
  • UAE Dirham: Buying: 27.4130 , Selling: 31.5300
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  • : Buying: , Selling: