Do you have land that you wish to develop?

Well then, this loan is perfect for you. Depending on the value of your land and the construction you wish to develop, Family Bank can finance the development of your land.

Financing is open for both residential dwelling housing as well as estate development.

Requirements

Salaried Persons

1. Pay-slips for the latest 3 months

2. Letter from employer confirming employment status

3. Bank statements for the latest 6 months

4. Copy of ID/PIN certificate

5. One passport size photographs

6. Sale agreement/Letter of offer from the seller

7. Copy of title to property

Self Employed

1. Business Registration Certificate

2. Bank statements for the latest 12 months

3. Books of accounts/cash flow statements

4. Copy of ID/PIN certificate

5. One passport size photographs

6. Valid Sale agreement/letter of offer from the seller

7. Copy of title to the property

 Limited Companies

1. Articles and Memorandum of association

2. Certificate of Incorporation

3. Board resolution to borrow

4. Bank statements for the last one year

5. Audited Accounts for the last 3 years

6. Management accounts

7. Cash flow

8. Duly completed loan application forms

9. PIN Certificate of the business

10. ID copies and Pin Certificate of the Directors

11. Copy of title

12. Valid sale agreement

Closing Costs

1. Stamp duty (4% of property value)

2. Legal fees

3. Valuation fees

4. Appraisal fees 1% of loan amount