Haggai Mortgage Bank offer facilities to Organizations such as churches and schools.

CHURCH PROFILE

• 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

FINANCIAL CASHFLOW.

• 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/TRUSTEES RESOLUTION.

• Church council members approval to borrow.

ACCEPTABLE SECURITIES

• 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.

Applications for the purpose of construction or renovations must be supported with the following documents

• Bill of Quantities covering the construction
• Copy of approved drawings (building plans)
• Detailed (stage by stage) schedule of works.

PRICING: highly competitive (percentage lower than current market rate).

TENOR: (Negotiable)

Notes:

• 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.

CONTACT
MORTGAGE DEPARTMENT:
(SEUN) – 07045594292
(PROMISE) – 08065525250