Platinum Mortgage Loan
Platinum Mortgage Loan is designed to finance the construction of residential real estate (With existing landed property) and also financing of single or multiple family unit for their personal residence
Features
PERSONAL REQUIREMENT
1. Two personal guarantors
2. Printout of the last six months current acct statement with other banks
3. Payslips- last five months
4. Evidence of any other source of income
5. Personal tax clearance certificate
6. Schedule of repayment plan
7. Valid ID card and two passport photos
8. Copies of all the necessary document of landed property being used as security or any other
9. Post dated cheques to the value of the loan as an additional security.
10. Receipt of duly executed facility offer letter
11. Payment of equity as follows:
i. 20%-30% for properties in liaison with PMBL
ii. 40-50% for properties not in liaison with PMPL
CORPORATE REQUIREMENT
12. Extract of board resolution requesting for loan if a company
13. Repayment plan
14. Security for the loan
15. The company commercial bank acct statement (6 months)
16. The company’s audited financial statement
17. Two third party guarantees
18. Tax clearance cert
19. Possible inspection to assess the progress of work in the site in case of tranche disbursement
20. Valuation report
21. Search report
22. Post-dated cheque
23. Receipt of duly executed offer letter
24. Execution of deed of legal mortgage.
