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Equity Financing

The product is designed to assist customers to as access loans for any legal use against mortgageable security. The product has the following features:

  1. Customers can borrow up to 50% of the value of their paid up property
  2. The product assists customers towards meeting their varying plans from home improvements; new projects, Capital for SMEs
  3. Property to have security and in urban center
  4. 12% interest rate
  5. 1% valuation fees, 1.5% mortgage establishment fees
  6. Product tenor varies with age to retirement (65 years) with a cap of 20 years
  7. Clients to open a Homesave account with the Society