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HAGGAI CHURCH LOAN

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