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HAGGAI SCHOOL LOAN

Haggai Mortgage Bank offer facilities to Organisations such as schools.

SCHOOL PROFILE
  • History of the School (Inception till date).
  • Evidence of Incorporation/approvals/registration.
  • Management profile.
  • Application Letter
FINANCIAL CASH FLOW.
  • Audited accounts of the School (3 years) (Profit & Loss Account & Balance sheet).
  • Projected cash flow, (One Academic Session or as may be required) Stating the assumptions.
  • Actual/Past cash flow, (past session should be broken into terms, stating schools population, per term, per class).
  • Statement of Account, with other Bank(s) - (if any) [for six months or as may be requested].
BOARD RESOLUTION.
  • Board resolution permitting the school to borrow.
ACCEPTABLE SECURITIES.
  • Provincial Pastors / General Overseers undertaking.
  • Domiciliation of fees.
  • Landed Property (with registered title document)
APPLICATIONS FOR RENT
  • Evidence of past payments (receipts or agreements)
  • Letter of offer from vendor/agent, communicating the terms.
APPLICATIONS FOR THE PURPOSE OF PROPERTY PURCHASE
  • Offer letter from Vendor
  • Equity contribution (at least 30% of loan amount)
  • Valuation report covering the property to be purchased by a certified Estate Surveyor/Valuer.
  • Registered title documents covering the property
  • 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 School.


CONTACT
(TITI) 07046262940
(DESOLA) - 07046144943