This is a Residential Loan that is acquired to finance the buying of a real estate/landed property which should be for residential purpose only. The house type can be for single family or a multiple family unit.

Equity Contribution:

• Civil Servants – 20%
• Other Employees – 30%
• Self Employed – 50%

Tenor:

• Maximum tenor of 10 years

This is a loan acquired to finance the construction of residential real estate. It is secured by the real estate being constructed. In most cases, the Customer already owns the landed property.

Equity Contribution:

• Civil Servants – 20%
• Other Employees – 30%
• Self Employed – 50%

Tenor:

• Maximum tenor of 10 years

This loan is acquired to finance the renovation or remodelling of a property. While home renovations often refer to building projects that alter the structure of an existing home, it can also include improvements to lawns, gardens and outdoor structures such as garages.

Equity Contribution:

• Civil Servants – 20%
• Other Employees – 30%
• Self Employed – 50%

Tenor:

• Maximum tenor of 10 years

This is the process of paying off an existing loan by taking a new loan using the same property as security. It is a loan that is acquired to replace an existing mortgage obligation.

Tenor:

• Maximum tenor of 10 years

My Home Equity is the process of freeing up surplus funds, which would have remained part of the dormant value of a property. It is defined as a process that allows the customer to release cash from his property as one lump sum or in instalments.

Tenor:

• Maximum tenor of 7 years