Haggai Mortgage Bank offer facilities to Organizations such as churches and schools.
- Application letter
- History of the church, (when it started and growth to date).
- Profile of Key Operators of the Ministry such as Administrator, Treasurer, General Overseer etc.
- Profile of Church Council members/Trustees
- Evidence of incorporation
- Copy of church constitution
- Ministrys succession plan
CHURCH COUNCIL/TRUSTEES RESOLUTION.
- Actual cash flow for the immediate past six months (attach source documents).
- Projected cash flow (covering the tenor of repayment or minimum of 12 months). To be submitted along with assumptions.
- Account statement with other Bank(s). (For immediate past six months or as may be requested).
- List of Bankers
- Remittance Policy of the Ministry.
- Church council members approval to borrow.
Applications for the purpose of construction or renovations must be supported with the following documents
- Provincial Pastors / General Overseers undertaking.
- Landed Property (with registered title document)
- Detailed information on the project to be financed, indicating the level of development so far, total budgeted cost, contribution and repayment plan.
- Applications for rent should be accompanied with letter of Offer from Vendor noting all terms of offer and or receipts covering previous rent payments.
- Applications for the purpose of property purchase must be supported with the following documents: 30% contribution
- Valuation report covering the property to be purchased.
- Offer letter from Vendor
- Title documents covering the property (registered title)
- Copy of layout and survey plan of the site
- Properties financed under this scheme will have an insurance cover.
- Bill of Quantities covering the construction
- Copy of approved drawings (building plans)
- Detailed (stage by stage) schedule of works.
highly competitive (percentage lower than current market rate).
- The customer must have operated its account effectively with us for a minimum period of 6 Months.
- Approval is dependent on ability to pay as deduced from cash flow record of the mission.
(SEUN) – 07045594292
(PROMISE) – 08065525250