Home construction and improvement loan

Eligibility and documents

Who this is for

Eligible members with an approved housing project, legal rights to undertake it and an assessed repayment source.

Eligibility

Eligible members with an approved housing project, legal rights to undertake it and an assessed repayment source.

What to prepare

Identity/membership; project estimates; property/tenure rights; permissions where required; income and existing debts; collateral and valuation evidence.

Product conditions

Available loan amount

Not specified in this catalogue. Ask the SACCO for the current written terms before deciding.

Repayment term and schedule

Not specified in this catalogue. Ask the SACCO for the current written terms before deciding.

Security and guarantor requirements

Not specified in this catalogue. Ask the SACCO for the current written terms before deciding.

Product information

Explore finance for approved construction, renovation or completion of a home or other building. Start with a clear scope of work, realistic cost estimates and the rights or permissions required for the property. Your D-SACCO will assess repayment capacity and explain security, valuation, disbursement and repayment conditions. Some work may be financed in stages. Ask about the full cost, including any legal, valuation and insurance charges.

Uses

Roof repairs, completion, home upgrading or construction; water and sanitation work where within the approved purpose.

Catalogue publication

The dates shown define the catalogue publication period. They do not establish the validity period of a financial rate, tariff or contract.

Is this a mortgage?

Only a specific approved offer can be described as a mortgage.

Can I finance a repair rather than a new house?

Check the local eligible-purpose list and minimum financing conditions.

Tariff and charges

Catalogue cost disclosure

Numeric charges are not specified in this catalogue; no zero-cost claim is made.

Charge scope

This catalogue does not state a complete charge schedule. An empty list does not mean there are no charges.

Tax treatment

The catalogue does not specify taxes applicable to charges.

Calculation and assumptions

The catalogue does not specify a calculation method or total repayment amount. It does not provide a loan offer.

Next step

Process

Prepare project documents and budget; assessment/valuation where required; offer and acceptance; staged or other approved disbursement; inspections and repayment.

Next step

Prepare project documents and budget; assessment/valuation where required; offer and acceptance; staged or other approved disbursement; inspections and repayment.

Continue to an application form for this product. Receipt is confirmed only after the receiving service accepts your submitted request. A received request does not admit membership, open an account or approve a loan.

These contact options let you ask this D-SACCO about the product. Opening them does not submit an application or confirm receipt of a message.