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Home Equity Loan

Benefits

• Up to 100% Financing
• Interest rates between 7% -8%
• A 30 year maximum term with Life Cover over 10 years
• Speedy approvals.
• No penalty on accelerated repayments.
• Funds can be disbursed to a checking or savings account to facilitate easy access.

Requirements

• 2 Valid Picture IDs.
• Building estimate or invoice.
• Property valuation from reputable Evaluators recommended by ECAB.
• Job letter or proof of income.
• Life Insurance coverage and property insurance coverage assigned to the bank as a security measure.
• Credit Reference from other Banks and letter of Good Standing.
• Scheduled appointment for interview to complete and process loan application.

Land Loan

Benefits

• Up to 95% Financing.
• Attractive Credit rate of 7%.
• A 30-year maximum term.
• Speedy approvals.
• No penalty on accelerated repayments.
• Funds can be disbursed to a checking or savings account to facilitate easy access.

Requirements

• 2 Valid Picture IDs.
• Job letter or proof of income.
• Sale agreement.
• Proof of ownership from seller (copy of land register and title deed).
• Property valuation from reputable Evaluators recommended by ECAB.
• Credit Reference from other Banks and letter of Good Standing.
• Scheduled appointment for interview to complete and process loan application.

Vehicle Loan

Benefits

• Up to 90% Financing.
• Attractive interest rate at 7%.
• A 7-year maximum term.
• Speedy approvals.
• No penalty on accelerated repayments.
• Funds can be disbursed to a checking or savings account to facilitate easy access.

Requirements

• 2 Valid Picture IDs
• Job letter in confirmation of salary and terms of employment.
• Sales Invoice from seller.
• Valuation Report from reputable Evaluators for used vehicles. (Preferably recommended by us)
• Comprehensive Insurance for both new and used vehicle loans.
• Scheduled appointment for interview to complete and process loan application.
• More requirements

Student Loan

Benefits

• Interest rate of 9% per annum charged on a reducing balance basis.
• No down payment required for loans up to $150,000.
• A 15-year maximum term.
• Monthly interest payments to portion of loan drawn.
• Flexible repayment options
• Optional repayment plan – weekly, semi-monthly, and monthly.

Requirements

• Acceptance letter from School or University.
• Loans can be in joint names of the student and co-applicant / guarantor who will facilitate interest payment or servicing of the loan.
• Job letter in confirmation of salary and terms of employment for co-applicant.
• Security required in the form of cash, land or property and life insurance.
• Disclosure of personal assets, expenses and evidence of other income sources if applicable.
• Debt service ratio should not exceed 45% of net monthly income.
• Bank reference.
• Credit Reference from other banks
• Scheduled appointment for interview to complete and process loan application.