Land Loans

Is your dream to some day build and own your own home? This usually starts with the purchase of land. Have you found the perfect location to take that first step? Let us help you get started on that dream. Come in to speak to us about a loan to purchase this important and valuable asset.

Come in or apply online for such a loan using our downloadable or online forms on our website in our "Forms" section.

Requirements

Security : At Least 5% in Ordinary shares and Mortgage/Hypothecation

Maximum Term: 15 years

Required ordinary share deposit (At least 5% of loan amount)
Job Letter stating your salary and job status (permanent, temporary, contract, etc)
Recent salary slips showing all deductions
For self-employed persons, evidence of income such as Income Statements, Bank statements for past 6 months
Vendor’s letter stating price and willingness to sell to you.
Copy of vendor’s Deed of Sale
Copy of Land Register (no more than 2 months old)
A recent (no more than 6 months) valuation of the property done by an approved Valuer
Funds for legal fees (amount can be included in loan request)
Evidence of status of both vendor and purchaser at Income Tax Department
Evidence of status of both vendor and purchaser at NIC
Life insurance assigned to the Credit Union