This type of loan is extended to customers who already own a piece of land and need funds to meet the cost of constructing a house on that land. The disbursement of this loan is made in tranches during the construction phase depending upon the Bills of Quantity (BOQ) submitted by the customer. Its benefits are:
- Up to 75% financing of the property value
- Up to 25 years financing tenor
- Zero bank processing charges
- Competitive pricing.