CHL shall be provided for the purpose of construction/repair/purchase of house/building/apartment strictly for the purpose of generating income, either from business activity, resale of property or rental or lease income.
Purpose/Objectives: The Loan aims at financing to best meet your individual investment needs in construction & repairs of house/building and purchase of flats strictly for the purpose for generating profit.
Eligibility: should be a current NPPF member
Security: Land and buildings to be constructed.
|Loan Amount||Financing Limit (Loan to collateral value)|
|Up to Nu.50 million||80%|
|More than Nu.50 million||70%|
Interest Rate: 10.5% p.a.
Tenure: 30 years.
Repayment: The repayment of the loan must be meet from the projected rental income of the building to be constructed
For Forms (Click Here)