• Construct new houses on land owned by the sponsor, or on land leased by him for a period in excess of the life of the loan, and intended to be used as a residence for him or family.
• Renovate (improve) or extend residential properties.
• Purchase constructed house for use as a residence for the sponsor or family.

The maximum loan should not exceed 90% of the cost of the constructed house and land, or the cost of improvement.

For home improvement, where the cost of such does not exceed 66.66% of the estimated market value of the existing house, the loan be up to 100% of the cost. If the cost exceeds 66.66% of the value of the house, the applicant would be required to contribute 10% of the cost of renovation.

The loan limit per applicant would be determined based on the income of the applicant(s). The applicant's ability to repay would determine his/her affordability of the loan amount requested. Repayment should not exceed 40% of the gross income of the applicant(s).

10% of the cost. The value of the land is considered as equity.
Repayment period - maximum of 25 years or up to retirement age, which ever comes first, for the purchase of newly constructed houses or the construction of new houses.12 years or up to retirement age with respect to the improvement of existing houses.

• A first legal mortgage on property or any other form of security the bank deems appropriate for the loan.
• Fire and other perils insurance coverage for the value of the house
• Assignment of whole life or term insurance.