Aim of the Scheme
The aim of the Scheme is to assist people who despite being eligible for a home loan do not have the necessary liquidity to pay the required 10% down payment on the signing of the promise of sale. Whilst the applicant will be paying this personal loan, the Housing Authority will be financing the interest incurred on this loan during the whole term.
The Bank will be assisting the applicant to acquire his own home to be used as his own primary residence. The Bank is willing to grant loans to cover both deposit paid on the promise of sale as well as the balance of the full price of the property.
Persons who are over 18 years
Deposit granted by the bank
Period to pay back the deposit back
Maximum loan granted by the bank