The Smart Home Loan is a low cost housing loan designed for low and medium income people who wish to improve their housing conditions by either constructing new homes or improving their current houses. The loan can be accessed by both individuals and group customers.
Benefits
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Grow your asset base.
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Increase your revenue sources when you build rentals.
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Improve your housing conditions.
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Get financing for your housing project in phases.
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Pay loan in small manageable instalments Individual borrowers can pay loan up to 5 years while group loan borrowers up to 2 years.
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Affordable interest rate.
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Build collateral for future loans.
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Housing support services available to all smart home loan borrowers.
Requirements
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The borrower must be an adult above 18 years of age.
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Must have and present the acceptable form of personal identification (ID).
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Must have a verifiable and reliable income source in existence not less than 1 year.
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Must have and present impeccable proof of land/home ownership (recognized locally) where the construction and or improvement is to be carried out.
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An account with First Trust Finance Services
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Financial card.