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