Haggai Completion Mortgage loan (HaCOM)

The product is designed to assist our customers who have commenced construction projects, but require financial assistance to complete the project. The aim of the product is to achieve completion of the building and allow the participants to own his/her own houses with ease.

For whom
• Corporate organizations and employees
• Churches
• Employees of reputable organizations
• Business people with a regular income

How
• Open account with HSL with minimum deposit of N20,000.00
• Minimum Deposit of 50% of the completion bill in installments
• Operate account for a period of 6 months
• Bill of quantities by a registered quantity surveyor
• Copy of layout and survey plan of the site
• Copy of approved drawings (building plans)
• Detailed (stage by stage) schedule of works.

Features
• Contribution of 50% of cost of project
• HSL to fund 50% of the project cost.
• Applicant must have a means of regular income
• Property financed is used as collateral
• Residential properties financed under this scheme will have an insurance cover.

Benefits
• Home ownership
• Economies of scale in purchases
• Minimal owner contribution of 20% of loan requirement
• Flexible repayment period removes pressure on your cashflow.
• Professional advice and support from Haggai Savings & Loans Limited.