Ready to build your dream home? Come See Us!
Budget for furniture during your planning
Buying or building a home is a tremendous achievement and something that many of us dream about. At National we have very attractive rates to help you get the home of your dreams.
Details
- 100% financing up to $270,000
- Flexible and generous repayment terms
- Up to 30 years terms
- Low interest rates
Loan Requirements
- Two government issued picture IDs
- Letter of request (Stating amount, purpose, security/collateral being offered)
- Personal Financial Statement/s (Forms will be provided)
- Income and Expenditure Statement/s (Forms will be provided)
- Confirmation of employment (Stating salary and years of service)
- Detailed estimate of the house to be constructed/repaired/renovated (Estimate to be signed and dated by Estimator)
- Copy of approved plans/drawings of house to be constructed
- Appraisal of property being offered as security (If buying, rather than building, the house)
- Copy of Certificate of Title to the land being built on
- Details of Contract with Builder (Labour only or fixed price contract)
- Name and address of existing Bankers/Financial Institutions (if residing overseas), plus Bank Statements showing balances on accounts
- Copies of last two (2) years income tax returns (if residing overseas)
- Certified Copy of Alien Land Holding License. (If non-citizen of SKN)
- Customer's cash input
- The Customer must also have enough cash available to cover loan charges, legal fees and the cost of insuring the property during and after construction
- The Customer should have life insurance and this should normally be enough to cover the loan amount
- The maximum repayment term that may be offered is 30 years, subject to applicant's age