Equity Sharing Scheme

Aim of the Scheme

This scheme is intended for those applicants who are unable to purchase their residence without the help of Housing Authority. The Scheme, will apply for persons who intend to buy their residence by purchasing at least fifty per cent of the property whilst the rest will have to be purchased by them at later stage.

After twenty (20) years, the applicants will be obliged to purchase the Housing Authority’s share by paying the same price paid by the Authority Housing. APS Bank plc, will be granting applicants a loan to purchase a property in finished and habitable state or in shell form state which can be rendered to a habitable state.