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HAGGAI HOUSE PURCHASE LOAN (HAHP)

The products is designed to enable prospective home owners achieve their dreams, by supporting them with the acquisition of real estate for home use.

For Whom
- Employees of companies
- Self employed professionals / persons
- Prospective / existing customers of HMB

How (Requirements)
- Open a deposit account with an initial deposit of N20,000.00
- Account is to be operated for a minimum of six months
- Save a minimum of 30% of loan requirements
- Present a letter of offer from the vendor
- Submission of valuation report by a registered Estate Surveyor & Valuer
- Submission of copies of available title documents on the property
- Search report revealing that the property his freed from encumbrances

Features
- Applicants must have a means of regular income to cope with repayment
- Applicant must be at least 18 years of age
- Equity (customer"s) Contribution of 30% of the cost of the property
- Property financed is used as collateral
- Repayment period is negotiable
- Property must have valid title documents
- Residential properties financed under this scheme will have insurance coverage
- Attractive and competitive interest rate

Benefits
- Home ownership made easy.
- Ease of repayment over a long period removes pressure on your cash flow
- Repayment plan is marched against cash flow pattern
- Minimal owner contribution of 30% of loan requirement
- Free advisory services and support from Haggai Mortgage Bank