Designed to enable customers interested in purchase of land or a house holding verifiable sources of income regardless of whether it is business or employment or both and having sufficient collateral.
Benefits
Flexible repayment terms of up to 10 years.
Facilitates acquisition of land and landed properties
Competitive interest rates
Accessible from any of our countrywide branch network.
Fast Turn Around Time
Flexible collateral requirement
Requirements
Must be a PBU customer.
Applicant must possess a steady, verifiable regular source of income for servicing loan. (Business/Salary or both)
Bank statement from other banks evidencing income regularity (6 months).
Sufficient collateral for the loan.
Copy of the title.
Valuation report.
Completed loan application form.
For land acquisition, statutory declaration of marital status where applicable.
Guarantors are required.
Bill of quantities/Invoice for construction purposes.
Features
Loan Tenure: 5 – 10 Years
20% or more client contribution on the Home and Land Loan